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Elon Musk has entered President-Elect Donald Trump’s orbit. The billionaire founder of rocket manufacturer Space Exploration Technologies Corp. and electric car manufacturer Tesla Motors Inc. has accepted an advisory role in Trump’s Strategic and Policy Forum, a non-partisan policy council.
Long Beach environmental services firm Alta Environmental has been awarded two contracts worth $13.3 million from the Los Angeles County Public Works Department, the company announced Tuesday.
After three years of consideration, the Los Angeles City Council took its first step toward legalizing street vending Monday afternoon.
The Los Angeles City Council on Friday approved a multibillion-dollar waste hauling franchise system for commercial and multifamily properties.
WATER: Cadiz hopes new administration will prove friendlier to desert project.
Aquifer owner Cadiz hopes a GOP White House will warm to its desert pipeline project.
The Lynwood City Council approved an ordinance on Tuesday evening that allows commercial marijuana cultivation and manufacturing in the city.
Los Angeles could be sending another local player to join Donald Trump’s nascent presidential administration. NBC News and the Wall Street Journal reported Tuesday that Trump was considering Debra Wong Yang, a partner at downtown’s Gibson Dunn & Crutcher, to chair of the Security and Exchange Commission.
Cadiz Inc., the Los Angeles company that’s trying to build a water storage and conveyance project in the Mojave Desert, announced Tuesday that it has closed a public offering that netted $10.6 million in working capital. Separately, the company announced a refinancing of $43 million in senior debt that extends the maturity date two years until September 2019.
The Human Rights Campaign (HRC) Foundation has ranked 11 companies in Los Angeles a perfect 100 for their LGBTQ-inclusive workplace policies in the latest 2017 Corporate Equality Index (CEI). Some Los Angeles companies which earned the “Best Places to Work for LGBT Equality” included American Apparel, Sony Pictures Entertainment Inc., and Mattel Inc. The civil rights organization, which aims to improve the lives of lesbian, gay, bisexual, transgender and queer individuals, ranked 887 national companies in this year’s CEI, 123 of which are headquartered in California. Of those, 70 California companies earned perfect scores of 100.
After years of complaints from residents and businesses about crumbling sidewalks, the Los Angeles City Council on Wednesday unanimously approved a $1.4 billion citywide sidewalk repair program, with rebates for residents and businesses that repair sidewalks on their own. The program represents a unique split-responsibility approach, with the city assuming most repair costs for the next 30 years and then turning over complete responsibility for repairs to adjacent residential or commercial property owners.
Tax hikes could burn vaping shops, customers
Vaping businesses fear a new state tax will leave little breathing room for their profit margins.
COMMERCE: Survey sees costs jumping even higher in 2016 with new taxes.
It might not be what local business owners want to hear, but the cost of doing business in Los Angeles has gone up yet again and will likely jump even more next year, according to a survey to be released this week. The annual Kosmont-Rose Institute Cost of Doing Business Survey has classified 46 of the 74 Los Angeles County cities surveyed as either “high cost” or “very high cost” in terms of tax and fee rates for businesses in 2016. That’s up from 45 last year and 44 the year before that, representing a steadily increasing trend. Even worse, eight area cities – including Los Angeles, Beverly Hills, Santa Monica, and Culver City – rank among the 20 most expensive cities in which to do business in the Western United States. That’s also up one from last year.
Heading into the election, one of the top concerns for high-net-worth individuals was the prospect of an inheritance tax hike. With Hillary Clinton the overwhelming favorite to be elected president leading up to Nov. 8, the prevailing wisdom was that estate takings could rise as high as 65 percent under her administration based on promises made by the Democratic nominee during the campaign. That possible bump, up from a current 40 percent inheritance tax rate for top earners, was enough to make at least a few investors pony up for higher life-insurance policies that would guarantee the bulk of their estates went to their heirs.
MARIJUANA: Businesses get to work on compliance system for city of L.A.
Legalization of pot has L.A. businesses abuzz over setting up a regulatory regime by 2018.
The Metropolitan Water District’s Board of Directors approved $44 million in financial incentives for four water recycling projects Tuesday that will treat and deliver nearly 5.3 billion gallons of water a year, officials announced.