Summary

Economic Development and Jobs Committee meeting summary

Los AngelesJun 17, 20252 min read

At a glance

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Committee approved updates on the Convention Center expansion; funding and consultant confirmations for a Public Bank feasibility study; actions on a referendum affecting hotel and airport worker wages; allocation recommendations for San Pedro projects; a one-year extension for 10 BusinessSource Centers and release of a new RFP; and adoption of the Workforce Development Board Year 26 Annual Plan. Councilmember Nazarian was absent; Councilmember Park cast one No vote on the referendum item.

Projects mentioned

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Los Angeles Convention Center Expansion Workforce Development San Pedro Business Facade Improvement Project Beacon Street Redevelopment Economic Development

Committees mentioned

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Economic Development and Jobs Committee

Topics discussed

LaborBudget & TaxCommerce

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What this means

The committee moved several items forward that affect city development, local business supports, and workforce programs. Residents can expect continued work on the Convention Center project, a city-funded study into a possible public bank, and ongoing business support through the BusinessSource Centers. The committee also recommended spending bond proceeds on several San Pedro neighborhood projects and adopted the city’s workforce plan, which guides job training and placement services. A referendum approved for circulation could let voters decide whether to overturn recent wage and benefit increases for hotel and airport workers.

Key decisions

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Approved City Administrative Officer report updating the Los Angeles Convention Center Expansion and Modernization Project.
Approved motion (as amended) confirming selected consultants will maintain scope and timeline and transferring/appropriating AB 1290 funds for Phase 1 of the Public Bank Feasibility Study.
Approved motion (as amended) regarding a referendum petition seeking to overturn wage and healthcare benefit increases for hotel and airport workers and considering estimated wage loss if suspension is delayed to July 2026 (Councilmember Park voted No on this item).
Approved recommendation to allocate taxable CRA/LA Excess Non-Housing Bond Proceeds from the Beacon Street Redevelopment Project Area for the San Pedro Gateway Sign Project.
Approved recommendation to allocate taxable CRA/LA Excess Non-Housing Bond Proceeds from the Beacon Street Redevelopment Project Area for the Harbor Boulevard street lighting project.
Approved recommendation to allocate taxable CRA/LA Excess Non-Housing Bond Proceeds from the Beacon Street Redevelopment Project Area for the San Pedro business facade improvement project.
Approved Economic and Workforce Development Department report to extend existing contracts for the 10 BusinessSource Centers for one year and to release an RFP to procure the LABSC for four one-year periods.
Approved (as amended) adoption of the Workforce Development Board Year 26 Annual Plan for Program Year 2025-26.

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Meeting information

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