How high is too high? That’s the question that will be confronting retailers around Los Angeles County in the summer after voters on Tuesday approved Measure M, a half-cent sales tax increase for transportation projects. Combined with other sales tax hikes approved by voters in several cities this week and in recent elections, the measure will push the sales tax to 10.25 percent in July in seven cities: Compton, La Mirada, Long Beach, Lynwood, South Gate, Pico Rivera, and Santa Monica. The tax rate will be among the highest in the country, matching the rate in Chicago, according to figures from the Tax Foundation, a Washington, D.C., nonprofit.
Development by ballot box delivered mixed results for developers this week. Los Angeles, Beverly Hills, Santa Monica, and Calabasas all had development-related measures on the ballot Tuesday: Developers prevailed in Santa Monica but lost in the other three cities. Santa Monica developers and their business allies successfully fought off an attempt to clamp down on building projects. Measure LV, which was defeated by a margin of 56-44, would have required all projects at least three stories tall to be put to voters. But in Los Angeles, developers and business groups were unable to stop a labor-backed measure requiring most major projects to set aside up to 20 percent of units as subsidized housing and to pay construction workers union-scale wages. Measure JJJ passed with 64 percent approval.
Donald Trump’s election as president has caused local economic consulting firm Beacon Economics to revise its national forecast to include an increased probability of a national recession.
Voters in Los Angeles have approved a labor-backed initiative that creates affordable housing set-asides for major residential development projects that need zoning changes and require those projects to adhere to prevailing wage standards.
Facing record numbers of homeless on city streets, voters in the city of Los Angeles approved a $1.2 billion bond measure to build thousands of housing units for the homeless.
Voters in Los Angeles County have approved a sales tax hike to raise tens of billions of dollars for an array of rail and road improvement projects, election results early Wednesday morning indicated.
Shipping company Maersk Line on Monday announced an agreement with the Ports of Los Angeles and Long Beach to monitor emissions from 12 recently upgraded container vessels that use the ports.
POLLUTION: Participating firms fear losing credits worth millions of dollars.
Scrapping the Reclaim cap-and-trade program may strip businesses of millions of dollars in air credits.
NuQuest Industries has built a booming business out of home-energy upgrades.
California Insurance Commissioner Dave Jones is urging insurance carriers in the state to cut the workers compensation premiums they charge employers by 14 percent.
POLITICS: County, city decisions would impact sales taxes, development.
While most of the attention on Election Day will be on the presidential and U.S. Senate races and statewide ballot initiatives, there are plenty of local ballot measures that will impact business.
AVIATION: JetBlue’s plan may rise on proposal for airport inspection facility.
JetBlue is looking to get international service off the ground at Long Beach Airport.
ENERGY: Judge approves role for equity committee in Breitburn negotiations.
Shareholder panel granted a seat at the table in oil company Breitburn’s bankruptcy negotiations.
Gannett Co.’s interest in Los Angeles Times parent company tronc hit a major snag Thursday as a news report said lenders have withdrawn their financing.
After a nationwide search, the Central City Association of Los Angeles found its new chief executive right next door.
L.A. County’s unemployment rate rose slightly in September to 5 percent despite relatively strong job growth for the month, state figures released Friday show.
POWER: Verengo files for Chapter 11 after Eastern states’ cooler reception.
Verengo Solar files for bankruptcy after getting burned by an overambitious expansion plan.
Swell Energy plugs batteries along with financing packages to homeowners
Swell charges into the home battery market on back of its financial packaging plan.
ENERGY: Rule changes by city of L.A. include hike in cost of permit process.
A trade group representing small local oil producers is upset over changes to the city of L.A.’s drilling permit regulations and wants those changes rolled back.
DEVELOPMENT: Repairs to street could hinder access to Golden Triangle shops.
Beverly Hills shop owners fear doing poorly during road reconstruction near a ritzy retail strip.
The city of Los Angeles economy saw broad-based, steady growth last year, according to a report to be released this morning from Beacon Economics for the Los Angeles Area Chamber of Commerce.
Representatives from business, affordable housing and labor groups officially launched their campaign Monday against an initiative on the March Los Angeles city ballot measure that would place a two-year moratorium on major development projects and place permanent restrictions on mega-developments.
GOVERNMENT: Open data, lawsuit reduction among Ron Galperin’s priorities.
City Controller Ron Galperin talks on how Los Angeles has greeted business-friendly policies.
Plastic bag maker moved early to get a handle on recycled content requirements.
The Los Angeles City Council on Friday voted to place on the March ballot an initiative from neighborhood anti-development activists that would impose a two-year moratorium on most major building projects and sharply curtail major projects going forward.
TECHNOLOGY: Campus to offer 60,000 square feet to eco-conscious businesses.
New incubator hopes to egg on green businesses.
MotEV sees high-end cars as means to make inroads with eco-conscious crowd.
Driving firm MotEV has charged into the sector looking to tap positive buzz for Tesla’s electric vehicles.
Legal weed could test companies’ hiring policies
Legalized recreational weed could put employers’ drug policies to the test.
Nine cities in Los Angeles County have been named as finalists for the most business-friendly award to be handed out this fall by the Los Angeles County Economic Development Corp.
Downtown’s Broad Museum of Contemporary Art had a banner inaugural year, drawing in more than 820,000 visitors, according to figures the museum released Tuesday.
Medical marijuana dispensary owners submitted more than 100,000 signatures Monday in their bid to place a measure on the Los Angeles city ballot in March to give the 135 dispensaries in operation before a 2007 moratorium priority in bidding for dispensary licenses.
Los Angeles Mayor Eric Garcetti on Monday named the city’s first-ever oil administrator to regulate the safety of oil operations within the city.
L.A. County’s unemployment rate inched up to 4.9 percent in August even as employer payrolls grew, state figures released Friday showed.
POLITICS: Organization neutral on keeping higher levy rates on high income.
The Los Angeles Area Chamber of Commerce this month took positions on several measures on the November ballot, most notably in support of a tobacco tax but opposing marijuana legalization.
ADVERTISING: Summit fears cutback cuts out smaller firms.
Summit Media sees a city of L.A. plan for more digital billboards as a bad sign for small firms.
L.A. city officials launched a program Wednesday to guarantee all high school graduates within the Los Angeles Unified School District at least one free year of tuition-free community college education.
Just hours after agreeing to pay $4 million in penalties for the massive Aliso Canyon gas leak, SoCal Gas’ parent company announced the utility’s chief executive is being replaced as part of a major corporate shakeup.
The Los Angeles Rams reached an agreement with Los Angeles city officials to pay for the cost of police and other city services for home games, Mayor Eric Garcetti announced Tuesday.
More LA employers say they plan to add workers during the fourth quarter, but more also plan to reduce payrolls in the third quarter, according to a survey to be released Tuesday from Manpower Inc.
POLITICS: Measures seen as ‘job killers’ include wage hike, farm overtime.
Business groups had a hit-and-miss session in laying to rest state “job killer” bills.
Brand, livability help land Los Angeles at No. 13; top performer remains London.
Study of globe’s top business cities puts Los Angeles on the map at No. 13 out of 30.
Measure offers two streams: state fund for law enforcement as well as additional local business levies
Some local cities are looking to potential pot taxes to blunt lingering budget deficits.
EMPLOYMENT: L.A. County fertile field for self-employed.
Entertainment and shipping industries have boosted Los Angeles as a home to nontraditional jobs.
REAL ESTATE: Battle over restrictive initiative yields rival claims of support.
The L.A. city election might not be until March, but both sides of the Neighborhood Integrity Initiative battle have released polls showing completely opposite results.
Looking for a big raise or to jump ship for a much higher-paying position next year? Not likely to happen, according to a survey released this week from Robert Half International.
Watts is slated to get its first-ever business accelerator under plans announced Tuesday by the Valley Economic Development Center and a local community development organization.
Hoteliers and unions team up over their reservations about home-sharing businesses.
Los Angeles Mayor Eric Garcetti on Thursday announced that the city has issued permits for 40,800 new housing units since he took office in July 2013, putting the city ahead of his target for 100,000 new units permitted by mid-2021.
Backers of an initiative to curb mega-developments in Los Angeles turned in nearly 104,000 signatures to the city clerk’s office Wednesday, 67 percent more than the 62,000 needed to place the measure on next March’s ballot.
The groups behind a scheduled fundraiser in Hollywood this past weekend for the medical marijuana industry cancelled the event after receiving word from the Los Angeles Police Department that the event was regarded as unlawful.