Two Big Steps Forward In Garcetti’s Economic Development Agenda
Mayor Eric Garcetti today signed his business tax cut plan into law and received the endorsement of the influential Los Angeles Business Council for his plan to increase L.A.’s minimum wage.
“Together with the City Council, we are taking a strategic approach to creating jobs and opportunity for Angelenos. Cutting our business tax will entice more businesses to stay, come and hire in L.A., and responsibly raising the minimum wage will inject significant spending into our neighborhood businesses,” Mayor Garcetti said. “I’m proud to have the support of the Los Angeles Business Council, which represents such a broad cross-section of L.A. businesses.”
“Today, we are taking a significant step to helping our economy grow,” said Council President Herb Wesson. “We want to do everything we can to retain and bring business to the City of Los Angeles. We also want to help our residents earn a decent wage, and today I’m pleased we’re making progress on both.”