Board of Supervisors looks at commercial rents, hopes to help small business

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Supes call small businesses ‘cultural brokers, sources of local identity, engines of economic opportunity’

Kenneth Hahn Hall of Administration is where the Los Angeles County Supervisors meet in Los Angeles. Calling it an attempt to foster a more equitable and sustainable local economy, the Los Angeles County Board of Supervisors directed its staff on Tuesday, July 9, to conduct an economic analysis of commercial rents in the county and provide recommendations for a commercial tenant relocation assistance program.

“It is crucial for the county to implement stronger small business tenant protections and anti-displacement measures to preserve the vitality and character of our neighborhoods,” the motion states. “Exploring additional policy interventions would protect these cultural anchors and will complement these existing programs,” she said.

Solis called small businesses the lifeblood of the county and said implementing protections is imperative given the impacts of rent increases and displacement.The motion cited a report which found that more than 15,000 businesses closed and 5,300 businesses fell behind on rent during the pandemic in the city of Los Angeles.Two LA County supervisors seek reform: nine board members instead of five

 

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