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Helping Small Business Succeed: City of Los Angeles Helps Hundreds of Entrepreneurs & Business Owners Secure More Than $18 Million In Small Business Support
09/08/2024
[ Article originally appeared in https://mayor.lacity.gov ]
Los Angeles Mayor Karen Bass announced that the City has helped hundreds of small businesses secure more than $18 million to support the opening and growth of their business since Executive Directive 4 was enacted. Along with assistance securing financial capital, the Mayor’s Office has helped businesses navigate permitting approval processes and other City department processes to accelerate business openings and growth. Mayor Bass signed Executive Directive 4 in June 2023 to support small business creation, growth and development in the city. B-roll and photos from the ED 4 signing ceremony are available here. Read the ED4 2024 Annual Progress Report here. “Under Executive Directive 4, we are continuing to identify opportunities to turn City Hall into an advocate for our entrepreneurs and small businesses and we’re locking arms across our City to ensure these businesses thrive in Los Angeles,” said Mayor Karen Bass. “Our BusinessSource Centers are a one-stop shop in many ways to help business owners, providing them with essential support that helped secure more than $18 million in assistance. We will continue this urgent work to support business throughout Los Angeles.” "We are incredibly grateful for the enthusiastic support from the mayor's office as we worked to bring Sloomoo Institute's immersive slime experience to Los Angeles. Their partnership and commitment to fostering creativity and family-friendly entertainment made it possible for us to establish this unique space in such an iconic city," said Sara Schiller, Co-Founder of Sloomoo Institute. The City’s BusinessSource Centers are located throughout the city and are ready to provide assistance to small business owners and entrepreneurs free of charge and in multiple languages. In addition to securing millions in capital – a frequently cited barrier to small businesses’ success – more than 2,700 unique services were provided to small business owners, including permitting assistance, financial analysis, business planning and more. See BusinessSource Center locations here. Under Executive Directive 4, the City’s departments are changing their approach to serving small business owners and entrepreneurs to deliver on the Mayor’s vision of City Hall as an advocate and not a barrier to business, including:
Mayor Bass signed Executive Directive 4 in June 2023 to encourage small business creation, development and growth across Los Angeles. The directive instructed the Mayor’s Office of Business and Economic Development to work in collaboration with select City Departments and Bureaus to form the Los Angeles Business Steering Committee to identify barriers to business development and growth. Back To News |
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