Summary

Economic Development and Jobs Committee meeting summary

Los AngelesFeb 4, 20253 min read

At a glance

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The committee approved multiple Fiscal Year 2025 Annual Planning Reports for property‑based Business Improvement Districts (BIDs), approved CRA/LA Bond Oversight Committee recommendations to allocate excess non‑housing bond proceeds for the La Guadalupe commercial improvement project and for staffing costs, noted and filed an amended report on the Los Angeles Convention Center expansion, and approved a Motion to implement the LA Region Small Business Relief Fund and Worker Relief Fund via an MOU and agreement with Southern California Grantmakers. One item — modifications to the Program Year 2024‑25 Workforce Development Annual Plan — was continued to a later date.

Projects mentioned

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Los Angeles Convention Center Expansion Workforce Development CRA/LA Redevelopment Tourism Development Wilshire Center/Koreatown Redevelopment Economic Development La Guadalupe Commercial Improvement Project Adelante Eastside Redevelopment

Committees mentioned

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Economic Development and Jobs Committee

Topics discussed

LaborBudget & TaxCommerce

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What this means

The meeting cleared several routine business items that keep neighborhood business improvement districts funded and operating for the 2025 fiscal year. The committee approved use of leftover redevelopment bond money for a commercial improvement project and to cover certain staffing costs, and it approved steps to deliver small‑business and worker relief through a partnership with Southern California Grantmakers and the County Department of Economic Opportunity. A proposed change to the city’s workforce development plan was delayed for further consideration. These actions mean continued local BID services, new funding for a specific commercial project, and an organized channel for disaster‑related relief to reach small businesses and workers.

Key decisions

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Approved FY2025 Annual Planning Reports for the Greater Lincoln Heights, Historic Old Town Canoga Park, Century City, Tarzana Safari Walk, Westwood, Melrose, and West Adams Property‑Based Business Improvement Districts.
Continued the Economic and Workforce Development Department and Workforce Development Board joint report on modifications to the Program Year 2024‑25 Workforce Development Annual Plan to a date to be determined.
Approved CRA/LA Bond Oversight Committee report to appropriate up to $102,841 plus $2,747 interest (total $105,588) in CRA/LA Excess Non‑Housing Bond Proceeds from the Adelante Eastside Redevelopment Project Area for the La Guadalupe Commercial Improvement Project, and acknowledged no further CEQA action required per the City Planning Commission determination.
Approved CRA/LA Bond Oversight Committee report allocating CRA/LA Excess Non‑Housing Bond Proceeds from all redevelopment project areas to cover budgeted FY2024‑25 staffing costs and determined that this allocation does not constitute a CEQA project.
Approved City Administrative Officer and Chief Legislative Analyst joint report (as amended) and noted and filed the Department of Convention and Tourism Development report on the status of the Los Angeles Convention Center expansion.
Approved Motion (Park – Price) authorizing a Memorandum of Understanding with the County of Los Angeles Department of Economic Opportunity and an agreement with Southern California Grantmakers to implement the LA Region Small Business Relief Fund and the Worker Relief Fund, and authorizing SCG to accept donations related to windstorms and wildfires.

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