Economic Development and Jobs Committee meeting summary
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.
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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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Economic Development and Jobs Committee
Agenda
- 15-1207-S1 CD 9 City Administrative Officer report relative to updates on the Los Angeles Convention Center Expansion and Modernization Project. Fiscal Impact Statement: Yes Financial Policies Statement: Yes Community Impact Statement: None submitted15-1207-S1Decision: ITEM(S)
- 19-1235-S1 Motion (Hernandez, et al. - Yaroslavsky) relative to confirming the selected consultants will maintain the scope of work and timeline provided in the responses to the Request for Proposals, and transferring/appropriating funds from the AB 1290 Fund for the Public Bank Feasibility Study Phase 1. Community Impact Statement: None submitted19-1235-S1Decision: ITEM(S)
- 14-1371-S17 Motion (Soto-Martinez - Price) relative to a referendum petition approved for circulation on May 30, 2025, which seeks to overturn wage increases and healthcare benefits for hotel and airport workers, and hotel training, under Ordinance No. 188610, and the estimated loss in wages for workers if the Ordinance is suspended in July 2026 rather than July 2025. Community Impact Statement: None submitted14-1371-S17Decision: ITEM(S)
- 14-1174-S110 CD 15 Motion (McOsker - Blumenfield) relative recommendations to the CRA/LA Bond Oversight Committee to allocate funds in taxable CRA/LA Excess Non-Housing Bond Proceeds from the Beacon Street Redevelopment Project Area for the San Pedro Gateway Sign Project. Community Impact Statement: None submitted14-1174-S110Decision: ITEM(S)
- 14-1174-S111 CD 15 Motion (McOsker - Blumenfield) relative to recommendations to the CRA/LA Bond Oversight Committee to allocate funds in taxable CRA/LA Excess Non-Housing Bond Proceeds available to Council District 15 from the Beacon Street Redevelopment Project Area, for the Harbor Boulevard Street Lighting Project. Community Impact Statement: None submitted14-1174-S111Decision: ITEM(S)
- 14-1174-S112 CD 15 Motion (McOsker - Blumenfield) relative to recommendations to the CRA/LA Bond Oversight Committee to allocate funds in taxable CRA/LA Excess Non-Housing Bond Proceeds, available to Council District 15 from the Beacon Street Redevelopment Project Area, for the San Pedro Business Facade Improvement Project. Community Impact Statement: None submitted14-1174-S112Decision: ITEM(S)
- 21-0270 Economic and Workforce Development Department report relative to the approval of a one-year extension to the contracts of the existing 10 BusinessSource Centers (LABSC) and the approval to release a Request for Proposals to procure the LABSC for four one-year periods. Fiscal Impact Statement: Yes Community Impact Statement: None submitted21-0270Decision: ITEM(S)
- 25-0596 City Administrative Officer and Joint Economic and Workforce Development Department and Workforce Development Board reports relative to adopting the Workforce Development Board Year 26 Annual Plan for Program Year (PY) 2025-26 and related actions. Fiscal Impact Statement: Yes Financial Policies Statement: Yes Community Impact Statement: None submitted25-0596Decision: ITEM(S)
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