LA28 Names Decorated Veteran Reynold Hoover as CEO
The organizing committee for the 2028 Los Angeles Olympics has appointed former three-star U.S. Army Lieutenant General Reynold Hoover as its new CEO. With a wealth of experience from senior positions in the U.S. military and civilian roles in the federal government, Hoover brings expertise in planning, operations, and logistics to the organization. The Chamber looks forward to collaborating with LA28 to ensure that Los Angeles businesses are primed to seize the opportunities presented by the Olympic and Paralympic Games. Learn more here.
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Chamber Joins Mobility 21 Annual Delegation Trip to Washington, D.C.
The Chamber joined the Mobility 21 Annual Delegation trip to Washington, D.C. A coalition of Southern California transportation stakeholders met with U.S. Senator Alex Padilla, and Congressmembers including Robert Garcia, Grace Napolitano, and Rick Larsen. Delegation members also met with Samantha Silverberg, Deputy Assistant to the President on Infrastructure, discussing investment needs in transportation and goods movement projects. The delegation included the public transportation agency CEOs and private sector partners.
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Chamber Joins 2nd Annual WINS Summit
The Water Infrastructure Networking Summit (WINS) brought together water industry leaders, advocates, business and elected officials from Southern California counties to address water infrastructure challenges. Hosted by Chamber Board member Joone Kim-Lopez, General Manager and CEO of the Moulton Niguel Water District, the event featured a keynote by U.S. Senator Alex Padilla. Chamber President & CEO, Maria S. Salinas, participated in a panel discussing the private sector’s role in water infrastructure support.
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CA's Dept. of Insurance Deputy Commissioner Joins Pancakes & Politics
This week, the L.A. Area Chamber’s Pancakes & Politics series featured Michael Martinez, Chief Deputy Commissioner from the California Department of Insurance. Martinez shared insights on the state's efforts to confront the insurance crisis and safeguard the integrity of the market for consumers, homeowners, and businesses. The Chief Deputy Commissioner engaged in discussion with members regarding the state’s Sustainable Insurance Strategy and the goal to finalize regulations by the end of the calendar year.
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Chamber Opposes L.A. County RSO Update
On June 4, the Chamber testified in opposition to a motion at the L.A. County Board of Supervisors meeting regarding updating the Rent Stabilization and Tenant Protections Ordinance (RSTPO). The Chamber shared concerns about the lack of economic analysis for each rent control option considered by the Board, and the ability of businesses to balance rising expenses with price regulations that fail to keep pace with inflation. For more information, read this week’s Policy Update. The Chamber will stay engaged and keep its members informed.
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L.A. City Council Approves $12.8B Budget for 2024-25 Fiscal Year
The Los Angeles City Council has passed its $12.8 billion budget for the 2024-25 fiscal year. The Mayor is expected to sign the budget into law shortly. The Chamber will continue to monitor budget developments.
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Chamber Congratulates Mexico’s President-elect Dr. Claudia Sheinbaum
The L.A. Area Chamber congratulated President-elect Dr. Claudia Sheinbaum on her historic victory as the first woman President of Mexico. The Chamber hosted a special briefing with President-elect Sheinbaum last October to discuss fostering trade and strengthening Mexico’s relationship with the Los Angeles business community. The trade relationship between California and Mexico is vital for business growth, as Mexico is one of California’s largest trading partners. View photos from her visit here.
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Compact Mobile Food Operations Subsidy Program
New and existing street vendors can receive assistance from the Department of Economic Opportunity (DEO) to secure their Compact Mobile Food Operation (CMFO) permits. The DEO will cover up to 75% of the total CMFO fees, including permit fees, plan checks, site evaluations, and home inspections. These funds are available on a first-come, first-served basis, so don't delay! To participate, you must register and attend at least one workshop session, either in-person or virtually, and complete an application with your information. Virtual workshops are scheduled for June 18. Register here.
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Topanga Business Interruption Fund
The Topanga Canyon Business Interruption Fund (BIF), supported by L.A. County Supervisor Lindsey P. Horvath and administered by L.A. County’s Department of Economic Opportunity, assists businesses significantly affected by the Topanga Canyon road closure. Qualified businesses can receive grant awards of up to $10,000 to help offset the loss of customer support and business revenue. Learn more about the fund here.
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America's Seed Fund Programs: Empowering Small Business Growth
Take your business to the next level with the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, part of America’s Seed Fund. These initiatives offer non-dilutive funding to assist in developing your technology and bringing it to market. Expand your venture with government support and realize your aspirations. View further details here.
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Chamber CEO Among LA's Top 500 Influential Leaders by Los Angeles Business Journal
The L.A. Area Chamber congratulates all our members, partners, and friends on the “LA 500” listing sponsored by the Los Angeles Business Journal. President & CEO, Maria S. Salinas, was listed as a top civic leader for the 7th year. This annual list celebrates the remarkable accomplishments of influential leaders and executives across Los Angeles.
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Braille Institute Announces 2024 Community Hero Award
Chamber member Braille Institute announced the inaugural “Community Hero Award,” honoring organizations that significantly motivate children who are blind and visually impaired to focus on braille literacy. The honorees will be recognized at an event on June 22 at the University of Southern California (USC).
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COUNCIL MEETINGS & EVENTS
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Government & Fiscal Affairs Council
Tuesday, June 11, 10:00 a.m.
MEMBER ONLY EVENT
Join the Government and Fiscal Affairs (GFA) Council to hear presentations on four tax-related ballot measures that have qualified for the November election.
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Land Use, Construction & Housing Council
Wednesday, June 12, 9:00 a.m.
MEMBER ONLY EVENT
Join the Land Use, Construction & Housing Council for a special virtual session on legislative updates impacting the business community.
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Women's Policy Council
Wednesday, June 12, 4:00 p.m.
MEMBER ONLY EVENT
Join the Women’s Policy Council as we continue to advocate for the immediate and ongoing needs of women in all business sectors and industries.
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Los Angeles Area Chamber of Commerce
350 S. Bixel Street
Los Angeles, CA 90017
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