Citywide Economic Development Strategy
Stakeholder Survey

The City of Los Angeles Economic & Workforce Development Department has recently been tasked by the Mayor and City Council with developing a citywide Economic Development Strategy and five-year Implementation Plan. This Strategy will serve as a guiding document to drive economic development in the City of Los Angeles.

A draft Strategy was developed through a series of parallel analyses, including an economic base analysis; a review of the City’s existing economic functions; precedents from other large cities; and an assessment of strengths, weaknesses, opportunities and threats.

This work was informed by subsequent roundtable discussions with key stakeholders regarding their economic development needs and Strategy priorities. It was also informed by an online survey, which was widely distributed to residents, businesses and community organizations.

Please review the draft Strategy, linked below, and provide your comments in this survey.
Based on the received feedback, the City has drafted eight (8) strategy goals. Please select the ones that are most important to you.

To make meaningful progress toward achieving the City’s progressive vision for equitable growth and other long-term economic development goals, the Strategy includes a 5-Year Implementation Plan consisting of four (4) major actions and seventeen (17) sub-actions. Your feedback on these actions will help us create a more informed vision for economic development in Los Angeles.

Which of these four major actions would you like to provide feedback on?

You will have the opportunity to provide feedback on all actions.

1. Actions to Strengthen the City’s Economic Development Delivery System

Action 1.A: Strengthened City’s Economic Development Delivery Structure

Developing a more cohesive, and flexible delivery model, including creating a new independent Citywide Economic Development Nonprofit; allocating additional resources for economic development services; and increasing and formalizing coordination between City departments and proprietary agencies.

Action 1.B: New and Resilient Funding Sources for Economic Development

Pursuing and dedicating a robust and diverse portfolio of funding sources for economic development, including leveraging private funds, pursuing State and Federal funding, and allocating specific sources of City revenue for economic development.

2. Actions to Strengthen the Economy of City Communities

Action 2.A: Transformative, Industry-Focused Place-Based Initiatives

Catalyzing investment and job creation by leveraging City assets, institutions and engaging the community to develop job hubs for core industries. Projects may be located in Downtown LA; Boyle Heights; Wilmington; South Los Angeles; the East San Fernando Valley; and at LAX.

Action 2.B: Neighborhood & Corridor Revitalization Toolkit & Pilot Projects

Revitalizing neighborhoods through targeted capital investments, small business support, and incentives to support and preserve affordability. Projects would be piloted in each of the five focus areas of the strategy.

Action 2.C: Commercial Affordability Toolkit

Preserving commercial affordability for small and minority-owned businesses to ensure stability and create wealth-building opportunities in changing neighborhoods.

Action 2.D: Updated Industrial Land Preservation Policies

Continuing support of job-producing land uses by re-evaluating the City’s industrial land preservation policy.

Action 2.E: Integration of Physical Planning Efforts & Economic Development Objectives

Leveraging Community Plan updates to pursue equitable growth opportunities by ensuring that land use regulations create opportunities that are aligned with Citywide economic development objectives.

Action 2.F: Consolidation of Strategic Asset Management Functions

Implementing a cohesive asset management strategy that maximizes the economic and public benefit potential of surplus City assets.

3. Actions to Empower City Residents

Action 3.A: Economic Empowerment

Supporting the financial empowerment of disadvantaged Angelenos through a multi-faceted approach to remove barriers to workforce participation, educate workers on employment and asset-building opportunities, and support working families.

Action 3.B: Expanded Workforce Participation for Underrepresented Groups

Working in close partnership with current Workforce Development Board efforts to engage and incentivize private-sector organizations, and to utilize the City’s procurement process to to increase workforce diversity.

Action 3.C: Equity-Building through Affordable Housing

Promoting wealth creation and community stabilization by dedicating a portion of affordable housing funds to the production and preservation of for-sale affordable housing units for moderate-income households.

Action 3.D: Limits to Predatory Lending

Protecting at-risk populations from predatory lending by enacting significant restrictions on payday, high-interest installment and car title loans.

Action 3.E: Equitable Olympics Legacy Planning

Leveraging the 2028 Olympic Games to deliver an array of benefits to Los Angeles businesses and residents, focusing on small business support and apprenticeship and skill-building opportunities, as well as community mobility and connectivity.

4. Actions to Strengthen City Businesses and Industries

Action 4.A: Resources for Underrepresented Entrepreneurs

Increasing City resources for underrepresented entrepreneurs and utilizing partnership opportunities to engage and incentivize private-sector organizations to expand workforce diversity, especially in growth industries.

Action 4.B: Streamlined City Services and Supporting Core Industries

Supporting economic growth by expanding initiatives to increase regulatory transparency and clarity for businesses in core industries.

Action 4.C: Marketing of the City and Support for Business Expansion

Growing the City’s position as a world leader through strengthened partnerships and trade networks, supporting global expansion for local businesses, and expanding marketing initiatives.

Action 4.D: Implementation of Disruptive Technologies

Assisting businesses and workers to respond to and take advantage of rapid economic and technological changes and disruptive new technologies, while also attracting innovators.

Please provide any additional comments.