Economic Development
Economic Development
Mayor Villaraigosa’s vision is to ensure the prosperity of Los Angeles’ future generations by building a thriving middle class, developing vibrant livable communities, creating more and higher quality jobs, ensuring safe and decent housing for all Angelenos, and securing LA’s role as a global leader of the 21st Century.
- Increase the number and quality of jobs
- Position Los Angeles as a hub for lucrative trade flows
- Strategically select and support completion of signature development projects
- Broaden and deepen continuum of affordable and workforce housing opportunities
Major Development Projects
Creating Good Paying Jobs
Growing a Global Capital
Our central challenge as a city lies in imagining and building a future where more middle class families can flourish and grow and where more of our people reach the middle class. Even though our history hasn’t exactly been synonymous with the phrase “smart growth,” our future needs to be.
Los Angeles is the city where the world comes together. It is the “Venice of the Twenty-First Century.” A preeminent global capital linking the manufacturing powers of the East, to the growing economies of the South; linking the world together. There is no other American city in a better position to ride the rising tide of trade into a brighter and more secure future.
And at a time when the nation is feeling the effects of market fluctuations, Los Angeles is moving straight ahead, protected by our diverse economy. We’re beckoning investment like never before as crime rates drop. We're daring to be the center of cutting-edge technology. We’re supporting the growth of emerging sectors. We’re growing and greening our port. We’re supporting film and television.
Our city’s brightest days lie ahead of us. By taking a strategic approach, we can create the growth, jobs and opportunity that will be necessary for LA to remain an economic powerhouse far into the future.