HAIC, Education, Scholarship & Philanthropy Committee Co-Chairs Presenting

HAIC, Education, Scholarship & Philanthropy Committee Co-Chairs Presenting


HAIC, Education, Scholarship & Philanthropy Committee Co-Chairs presenting ITEP Executive Director, Amy Grat, with a $1,500 check to help fund the ITEP’s Global Environmental Science Academy (GESA), Catalina Environmental Leadership Program (CELP). Some 70 students and chaperones in the GESA program visit Catalina for a few days to study the plant and animal life of the kelp ecosystem, and learn about its connections to the terrestrial ecosystems, and the important role that the ocean plays in the biosphere. Focus is centered on each student’s role within these systems and the impact of human beings on our environment. Emphasis is placed on the responsible use of limited resources and the development of goals for future sustainable living. During this program the fundamental principles of life are taught, which apply to both nature and humanity while infusing opportunities for social emotional, and academic growth.

An Important Statement by Gov. Brown regarding Goods Movement

Wednesday, July 22nd, 2015
Original Article Here

On Friday, Governor Brown issued Executive Order B-32-15 requiring a balanced, integrated plan to improve the economic competitiveness and the environmental performance of California’s goods movement sector.  This was a welcomed and important statement by the Administration regarding a critical part of the California economy.

Goods movement has long been one of California’s largest and most important economic sectors.   Taken collectively, its components – shipping, port operations, rail, trucking, warehousing, etc. – represent roughly one third of the economic activity and one third of all jobs in California’s massive economy.  By far, more goods flow through California’s ports than any other state in the nation.  Indeed, the United States’ overall trade economy relies upon on California’s success in goods movement.

However, in an ever competitive global supply chain, California is under intensifying pressure to maintain and grow market share.  The massive project widening the Panama Canal will be completed soon enabling goods to bypass California altogether to serve eastern U.S. markets.   This, coupled with additional competition from improved port operations in Canada and Mexico, along with eastern U.S. states eager to poach our business, should give all Californians pause as we consider the long term implications to that one third of our economy mentioned above.

And if that weren’t complicated enough, California’s goods movement sector must operate within the nation’s strictest emissions regulations.  Accordingly, industry has responded to state mandates by modernizing operations in order to meet and exceed emissions targets.  A great example is the technological marvel that is the new Middle Harbor at the Port of Long Beach that will both boost productivity and reduce emissions through automation and low carbon operations.  It represents the kind of major investment and commitment that industry is prepared to make when it is confident that the state is a willing partner.

This is why the Governor’s executive order matters so much.  It sets forth a clear policy that we must achieve a proper balance between economic, environment and infrastructure needs.  It reinforces the critical principle that the term sustainability must mean both environmentally and economically sustainable.

Indeed that policy has been evident thus far in the California Air Resources Board’s approach to the development of a new Sustainable Freight Plan that seeks to move the entire goods movement sector to zero or near zero emissions.   A transformation of that scale can only happen through thoughtful, public and private collaboration and investment.

So as the Administration and Legislature now consider our future transportation funding and priorities, and as they determine how best to reinvest the proceeds of the AB 32 Cap and Trade program, they would do well to advance the policy outlined in the Governor’s Executive Order, and commit to creating the conditions in which California’s preeminence in goods movement can endure for generations to come.

Report: Foreign Direct Investment in SoCal

Today, LAEDC affiliate World Trade Center LA released a report on the role of Foreign Direct Investment in the Southern California region.

Read the report HERE

Read media coverage:

LA Daily News:  What growing global trade means for Los Angeles area businesses

KPCC:  Which country invests most in LA? The answer might surprise you

FDI cover

WTCLA Report: Foreign Direct Investment Plays Significant Role in SoCal

 LOS ANGELES, CA – (June 17, 2016) Today, at the SELECT LA Investment Summit, the World Trade Center Los Angeles (WTCLA) published a new report on the impact of Foreign Direct Investment (FDI) to the Southern California (SoCal) economy, revealing the number of foreign-owned establishments in the region and the jobs created by those employers, and ranking countries based on investment levels in the SoCal region.

The report, sponsored by Chair of L.A. County Board of Supervisors Hilda L. Solis in collaboration with JPMorgan Chase and other firms, underscores the tremendous amount of international connections that are essential to economic activities and jobs here in SoCal and L.A. County.  The research was conducted by WTCLA affiliate LAEDC.

Findings of the report include:

  • There are 9,105 foreign owned firms in SoCal, which directly employ 366,415 people, who receive estimated wages of $23.6 billion/yr. The economic impact of this activity sustains 8.1% of all jobs in SoCal (direct, indirect, and induced jobs).
  • Manufacturing is the sector in which foreign owned firms employ the most workers in SoCal, with 116,721 workers, providing $6.8 billion in estimated wages.
  • Foreign-owned enterprises in SoCal most commonly originate from 1) Japan with 2,440 firms and 79,421 jobs, 2) United Kingdom with 1,145 firms and 54,910 jobs, and 3) Germany with 825 firms and 32,594 jobs.
  • Over the period of study, China was a relatively minor source of investment in SoCal until 2013 and 2014, years when investment rose dramatically to $1.1 billion and $1.5 billion, respectively. A. County received the bulk of that investment.
  • In 2015, California had the most foreign investment “greenfield” projects of any state in the U.S., with 230 projects. New York ranked second (192) and Texas ranked third (147).  In terms of total project value, California ranked fourth ($4 billion), with New York ranked first ($8.8 billion).
  • Foreign investments in “greenfield” projects in SoCal totaled more than $29 billion from 2003-2015.
  • The report also isolates the data specifically for the counties of Los Angeles, Orange, San Diego, San Bernardino, Riverside, and Ventura.

“In this global economy, the L.A. region is uniquely suited and appealing to foreign investors,” said Supervisor Solis. “Our draw combined with our international connections result in jobs and economic opportunity that provide benefits locally and throughout Southern California.”

As part of its commitment to foreign-direct investment in the region, JPMorgan Chase contributed $230,000 to WTCLA today to advance this effort.

“It’s eye opening to learn there are almost 10,000 foreign-owned firms in SoCal, employing more than a quarter of a million people,” said Joni Topper, Managing Director, JPMorgan Chase Commercial Bank Los Angeles. “Los Angeles is competing on a global stage and our competitors for jobs and investment are putting their best feet forward as regions, with solutions. We too must understand and embrace that when investment comes to Riverside and San Bernardino, to Ventura, or to Orange and San Diego Counties – Southern California benefits as a whole.“

The report release coincides with the 2016 SELECT LA Investment Summit, hosted by LAEDC affiliate World Trade Center Los Angeles.

In addition to the FDI report, WTCLA affiliate LAEDC also released its annual International Trade Outlook at SELECT LA.  For details, visit www.LAEDC.org.

About World Trade Center Los Angeles (WTCLA)

As the leading international trade service and promotion organization in the Los Angeles region, WTCLA supports the development of international trade and business opportunities through our business assistance, matchmaking and educational services, and promotes Los Angeles as the premier destination for international trade and foreign investment. WTCLA has led or assisted in the attraction of more than $1 billion of foreign investment into Los Angeles County. The WTCLA is an affiliate of the Los Angeles County Economic Development Corporation (LAEDC).  www.WTCLA.org

About the LAEDC

The Los Angeles County Economic Development Corporation (LAEDC) provides strategic economic development leadership to promote a globally competitive, prosperous and growing L.A. County economy to improve the health and wellbeing of our residents and communities and enable those residents to meet their basic human need for a job.  We achieve this through objective economic research and analysis, strategic assistance to government and business, and targeted public policy.  Our efforts are guided and supported by the expertise and counsel of our business, government and education members and partners.  www.LAEDC.org

Media Contact:   Lawren Markle / 213-236-4847 / [email protected]

Report: International Trade Outlook for Los Angeles region

LAEDC has released the 2016-2017 International Trade Outlook, providing and overview and forecast for this important industry in the Los Angeles region.

Read the report HERE 

ITO coverRead media coverage:

LA Daily News:  What growing global trade means for Los Angeles area businesses

KPCC:  Which country invests most in LA? The answer might surprise you

This edition is the 11th Annual International Trade Outlook from LAEDC.  To learn more about this industry cluster visit LAEDC’s page HERE.

During 2016, LAEDC will also be producing an industry cluster report on the Trade and Logistics industry cluster of our region.