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MOST BUSINESS-FRIENDLY in This Issue: City National Bank and Toyota Receive 2006 Eddy Awards • 2006 Eddy Awards Coverage & Photos

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MOST BUSINESS-FRIENDLY in This Issue: City National Bank and Toyota Receive 2006 Eddy Awards • 2006 Eddy Awards Coverage & Photos EL SEGUNDO: MOST BUSINESS-FRIENDLY In This Issue: City National Bank and Toyota receive 2006 Eddy Awards • 2006 Eddy Awards Coverage & Photos • Change in LAEDC Governance • Business Assistance Mid-Year Report • International Update • Transportation Update For full coverage and photo highlights, turn to page 6 C-17 PRODUCTION LINE CONTINUES Region’s Red Team enlisted support from Governor, US President Take a Look Into On September 29, President this national asset and proven Congress and President Bush to George W. Bush signed a workhorse for military and save the thousands of jobs at the THE FUTURE Defense Appropriations Bill, humanitarian missions. manufacturing plant in Long of Our Economy allowing $4.4 billion in funding Beach by continuing to fund the for the C-17 program. The bill The Red Team hopes to capital- C-17 program. saves 5,500 direct jobs at the ize on the effort's momentum to Boeing plant in Long Beach extend the life of the C-17 pro- Addressing the Boeing employ- 2007-2008 through the end of 2009. duction line even further. With ees, the Governor said, “We have 64 more planes, the production all been fighting for this for years. ECONOMIC The fight to save the C-17 pro- line could be extended until We have been working overtime duction line has indeed been a 2011. to keep all of you working...I FORECAST tough road since 2005, making joined with other governors to the signing of the bill a real victo- In March, the Australian govern- push for continued production of ry for the C-17 Program Red ment placed an order for four C- the incredible aircraft. And &INDUSTRY Team. The Red Team consists of 17s to meet its demand for airlift because of that work and the officials from the City of Long capability. The purchase amazing job you do here, it looks OUTLOOK Beach, Boeing, LAEDC, local utili- breathed life and hope into the C- like Long Beach is going to con- ties, and regional and state gov- 17 production line. tinue building the C-17.” February 21, 2007 ernment including the office of Governor Arnold Schwarzenegger. A few days prior to the Defense Saving the C-17 and follow-on Los Angeles The Red Team has worked to cut Appropriation Bill signing on work is a county-wide priority. Marriott Downtown costs for Boeing’s Long Beach September 26, Governor LAEDC President & CEO Bill Allen facility with the goal of maintain- Schwarzenegger hosted a cele- declared such a priority to the Find out more on page 3 ing C-17 production at Boeing's bration at Boeing and joined its Long Beach plant and preserve employees and suppliers to urge (Continued on page 4) Page 2 LAEDC Business Leader, Winter 2006/2007 WTCA Gives Boost to Villaraigosa’s Delegation in China Los Angeles Mayor officiates at ceremony to establish new office of TEDA in LA World Trade Center Association Los Angeles - Office from the Bay Area to Los Angeles. Long Beach President and CEO Steve Harper represented the WTCA and LAEDC in China dur- TEDA is a special economic zone in the Port City ing the first-ever visit to Asia by Los Angeles of Tianjin, the largest commercial city in north Mayor Antonio Villaraigosa in October. During China and a special target for rapid economic the 2-week mission, the Villaraigosa delegation growth during China's 11th Five Year Plan. promoted Los Angeles in Beijing, Shanghai, Relocation of the TEDA office will take place in Hong Kong and Guangzhou before proceeding the first quarter of 2007. The office will help to Korea and Japan. Southern California businesses to access oppor- tunities in the dynamic Tianjin economy, and The WTCA called upon two of its strategic part- also serve as a conduit for the attraction of nerships in China to assist the Mayor in promot- Left to right: LA Business Journal Publisher & Tianjin businesses to LA. ing Los Angeles and advancing his agenda. President Matt Toledo, WTCA President & CEO Through its partnership with the Beijing State- Steve Harper, Los Angeles Mayor Antonio Mayor Villaraigosa broke from his delegation Owned Assets Management Corporation (the Villaraigosa, Vice Mayor of Tianjin Pi Qian Sheng, in Beijing to attend the signing ceremony in Beijing municipal agency which owns the 2008 and Vice Chairman of TEDA Ni Xiang Yu. Tianjin and to act as official witness to the Olympic Stadium), the WTCA was able to assist agreement between the WTCA and TEDA. the Mayor in his effort to strengthen cooperation access to the interior of the Olympic Stadium, Matt Toledo, Publisher and President of the between the cities of Beijing and Los Angeles as which had its topping-out ceremony two weeks Los Angeles Business Journal and former Beijing prepares to host the 2008 Olympics and prior to the Mayor's visit. Chairman of the LAEDC, was also present and LA prepares its bid to become host city for the described the TEDA commitment as “…a 2016 Games. The WTCA scored additional points for LA and huge opportunity for Los Angeles and an the Mayor by inking the second phase of a impressive contribution of the WTCA to Mayor Setting the tone in China for the Mayor’s trip, the strategic partnership with the Administrative Villaraigosa's mission.” The relationship WTCA also arranged for the Mayor and his dele- Commission of the Tianjin Economic between TEDA, the WTCA and LAEDC was ini- gation to become the first outside group allowed Development Area (TEDA) through which TEDA tiated in September of 2005. has agreed to relocate its Western Regional U.S. Allen Named to Los Angeles Economy and Jobs Committee LAEDC President & CEO joins business leaders in exploring options to enhance city’s jobs LAEDC President and CEO Bill Allen has been •Recommend a detailed action plan to appointed by Los Angeles Mayor Antonio support the Mayor’s efforts to attract, Villaraigosa to serve on a committee to help retain and grow companies encourage the economic development need- ed to create quality jobs for the city’s growing •Provide specific recommendations to population. aid in the effective acquisition of the state and national funding to support the infra- “I am honored to have the opportunity to structure necessary to improve and sus- serve on this important committee,” said jobs in LA to support the growth of a vibrant tain a secure, livable, business-friendly Allen. “I congratulate the Mayor on his deci- middle class. environment sion to establish it. The City of Los Angeles has unfortunately lagged the rest of the Although LA leads the nation in start-up busi- The committee will be chaired by this year’s County in job creation and retention over the nesses, many high-profile companies once Eddy Award winner Russell Goldsmith, past 25 years. This committee will play an based in the LA area have moved or been Chairman and CEO of City National Bank. The important role in helping the Mayor develop acquired over the past 20 years. This has had 28-member committee include prominent and implement an economic development a significant negative impact on employment, business leaders and other Eddy Award win- strategy to turn that around.” tax revenue and infrastructure in the city ners Monica Lozano, Publisher of La Opinion newspaper; Dr. Steven B. Sample, President A vibrant and growing economy that provides The Mayor created the committee comprised of the University of Southern California; and good jobs and growing tax revenue is vital to of private and public sector leaders to: Tim Leiweke, President of AEG, as well as both to the quality of life and the quality of LAEDC Board member Frank Clark of LAXTEC services city government can provide in LA. •Evaluate the city’s current business and former LAEDC Chair David Fleming of There is a need for substantially more good attraction and retention efforts Latham & Watkins. LAEDC Business Leader, Winter 2006/2007 Page 3 Look Into the Future: 2007-2008 Economic Forecast Jack Kyser and a panel of experts to discuss LA regional economy in February 2007 Housing. Film. Financial markets. LA County. features an expert panel of speakers who will your company will receive exposure in nearly What's next for the region more than 10 mil- present on our housing, financial, and enter- $50,000 of advertising in our region’s top lion people call home? These are the topics tainment markets as well as on the overall newspapers including the Los Angeles Times, that the LAEDC will address at its annual direction of our regional economy. LA County Los Angeles Daily News, Los Angeles Economic Forecast and Industry Outlook on alone is the 17th largest economy in the Downtown News and Apartment Magazine. Wednesday, February 21, 2007. The event world. The LAEDC Economic Forecast is broadly cov- will be held at the Los Angeles Marriott ered by the print, radio and television media, Downtown and is annually attended by more “Our economic research information allows including several major international publica- than 400 of the region's business, govern- public and private organizations to make tions, and is televised on local cable channel ment and civic leaders. informed decisions about their operations,” 36. said LAEDC Chief Economist Jack Kyser. “We The LAEDC has been providing in-depth make every effort to provide timely, accurate For information on sponsorship opportuni- analysis on the Southern California region for data, with a good seasoning of the real ties, please contact Nhien Barros at (213) more than 15 years. Our economic research world.” 236-4816. reports are widely used by media, govern- ment and private industry organizations and We are also pleased to offer our readers an For event information and registration, please have been ranked #1 by the Wall Street opportunity to receive tremendous visibility visit www.laedc.org/forecast or call Oakley Journal.
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