L.A. Mayor Garcetti is proposing the elimination of businesses taxes in his first term as a means to make the city a more attractive place to do business. Although compelling on a city-wide level, new and existings businesses can also benefit from a NELA-specific level if there was clarity on the regulatory process. In NELA, where many businesses are small and commercial, creative, or manufacturing oriented, it is easy to get lost within the bureaucratic process for permitting.
We recommend reviewing the needs of existing businesses and projected new businesses to inform targeted regulatory reform that make it easier to do business in NELA. An effort to create incentives for companies and industries that have voluntarily adopted best practices and exhibited good "corporate citizenship" should also be considered.