Economic development
Would you consider offering incentives to attract more economic development to the Sixth District? If so, what type of incentives (be specific)?
We need to look at what the countries of the world are doing. Taiwan is doing a phenomenal job at attracting businesses and promoting trade and Israel provides incentives to attract technology businesses. We need to purse Public-Private Partnerships. We have to look at our universities and partner with them to truly transform our educational system and how it can develop the best and brightest workforce of the future. We need to look at our zoning and offer opportunities for businesses by offering DWP rebates, targeting state and federal grants for industrial zones, and identifying other opportunities to incentivize the businesses of tomorrow to come to our great city.
Everyone talks about the Gross Receipts Tax, but we also need to look at our transportation and utility Infrastructure, we need to identify corridors to target for high tech and clean tech.
There are few remaining parcels for heavy, medium, and light industrial areas. The City of LA needs to work to preserve our industrially zoned areas to attract low, medium, and heavy industry manufacturing and clean tech jobs. Additionally, we have to upgrade our infrastructure to be able to accommodate the green tech and clean tech jobs of today. As an example, Sun Valley is gold in terms of zoning, but there are many areas with no storm water drainage, the utilities are outdated, and there’s inadequate public transportation. The incentives can come from the City doing its job.