Select LA Investment Summit 2017
On June 15th, The World Trade Center LA (WTCLA) hosted 350 attendees to the third annual Select LA Investment Summit. The event is focused on attracting Foreign Direct Investment (FDI) to the region – delivering job creation and economic opportunity to the Los Angeles area. Select LA Investment Summit showcased growing industries in Los Angeles (LA) County, including bioscience, aerospace, digital media and entertainment, tech, real estate and advanced transportation, to help inform investor choices regarding projects and investment opportunities.
City of LA Mayor Eric Garcetti and LA County Supervisor Kathryn Barger discussed the potential for investors to participate in developing the infrastructure needed to realize the goals of Measure M (Los Angeles County Traffic Improvement Plan), Measure H (Homeless Initiative) and other projects in the LA region.
Successful LA entrepreneurs shared their business experiences in LA along with the key factors that are driving opportunity in the region. The event also served to assist investors in making connections with local experts able to facilitate the investment process.
The Foreign Direct Investment in Southern California: 2017 Edition, was also presented at the Select LA Investment Summit. The report, which details the number of firms and related jobs that are attributed to FDI in the Los Angeles region revealed that nearly 10,000 firms and 439,000 jobs result from FDI.
Related: Santa Clarita was named Small American City of the Future for FDI Strategy by fDi Magazine.
Attendees included investors from Brazil, Canada, China, Germany, Japan, Korea, Malaysia, Mexico, Singapore, the UK and a dozen more countries. Many of the attendees then moved on to SelectUSA in Washington, D.C., including WTCLA president Stephen Cheung and staff who represent the LA region at the national FDI attraction event.
The Santa Clarita Valley Economic Development Corporation (SCVEDC) is a unique private / public partnership representing the united effort of regional industry and government leaders. The SCVEDC utilizes an integrated approach to attracting, retaining and expanding a diversity of businesses in the Santa Clarita Valley, especially those in key industry clusters, by offering competitive business services and other resources.