With a citywide $15 minimum wage plan now adopted, Los Angeles city leaders Wednesday said they are ready to work on developing a plan to keep and create more jobs.
Los Angeles City Council President Herb Wesson said he has formed an ad hoc committee dedicated to coming up with this plan, appointing Councilman Paul Krekorian to head it. Wesson said he will also sit on the panel.
“We are serious, and we are going to get the job done,” Wesson said.
Many in the business community had criticized the City Council for trying to raising the minimum wage without having a plan to counteract possible job loss.
Those same people cheered the news that work is likely to begin soon on a job creation plan.
“We are excited that Council President Wesson is making strategic job creation and business retention a focus for the next City Council session,” said Ruben Gonzalez, a senior vice president of the Los Angeles Area Chamber of Commerce.
“We look forward to working with his office to craft this critical plan.”
Stuart Waldman, president of the Valley Industry and Commerce Association, said he is “pleased to see a renewed effort by Los Angeles City Council members in their efforts to create jobs”
Krekorian said raising the minimum wage in the city “was just the beginning.”
“The next frontier is developing a comprehensive plan to stimulate continued job growth and economic development in the neighborhoods that need it most,” he said.
Krekorian offered a taste of the types of measures Ad Hoc Committee on Comprehensive Job Creation Plan, could consider including in their plan.
Krekorian introduced a motion today calling for the establishment of special zones in the city where incentives and other benefits could be offered to businesses. This may include rebates or reductions on gross receipts taxes, incentives for hiring locally and access to city fiber optics network for lower, the motion said.
These zones will “help businesses thrive and revitalize our communities,” he said.
Krekorian suggested calling these areas JEDI Zones, short for Jobs and Economic Development Incentive Zones.
— City News Service