Mayor Antonio Villaraigosa Releases Los Angeles Regional Export Plan
Los Angeles Mayor Antonio Villaraigosa announced the release of the Los Angeles Regional Export Plan and new funding for programs to boost exports through the use of the Los Angeles Regional Export Council (LARExC), initiatives he said will help double…
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exports by 2015. Launched last October, LARExC aims to streamline export services in the LA region and help companies find the services they need to grow their businesses and create new jobs. Speaking at a Brookings Institution and JPMorgan Chase Global Cities Initiative (GCI) forum, he said Los Angeles was chosen as the first city for GCI because of its business base, infrastructure, global connections and the creation of LARExC. With $79.82 billion worth of exports in 2010, the Los Angeles region is the nation’s largest metropolitan export market, he said. The region’s export sector directly supports over 312,000 jobs and indirectly supports another 227,000.