The Los Angeles International Airport is an economic powerhouse. According to a study released by the Los Angeles County Economic Development Corporation (LAEDC) in 2016, LAX was responsible for more than 620,000 local jobs, generating over “$37.3 billion in labor income, $126.6 billion in business revenues (output), $6.2 billion in state and local taxes, and $8.7 billion in federal tax revenues.” And, with the LAX Modernization Program well underway—Los Angeles World Airport’s $14 billion capital improvement program, recognized as the largest public works program in the history of Los Angeles—we are expecting to see even more growth out of LAX as it becomes a world-class airport.
As a community pillar, the state of LAX has a strong impact on our local economy. LAX improvements, upgrades, and construction schedules affect both the business climate and neighborhood residents, and with so much happening so quickly it can be difficult to stay informed. The LAX Coastal Chamber of Commerce is a strong advocate for building relationships and enhancing transparency. So, when addressed with multiple questions from the community regarding the process—and progress—of LAX’s expansion, the LAX Coastal Chamber hosted the inaugural State of LAX luncheon in 2016.
The goal of the State of LAX luncheon is to better connect the business community to key leaders within transportation. Always aiming to strengthen lines of communication, the LAX Coastal Chamber hosts this annual event in partnership with LAWA and this year’s title sponsor, Parsons Corporation, to offer important updates by city and industry leaders detailing LAX’s advancements in construction, technology, economic impact, and more. The Chamber is proud to once again announce that Deborah Flint will be joining us as our keynote speaker.
Flint was appointed Chief Executive Officer of LAWA in June 2015 and leads the team responsible for returning LAX to iconic status, creating a world class, modern airport for the modern traveler. This “new” LAX will focus on building an advanced transportation system that will give passengers a first-class, swift, convenient, and reliable way to access the airport, and will also feature additional projects such as upgraded terminals and on-site car rental facilities. In two short years, Flint has done her best to become an active and engaged member of the LAX Coastal community—including being featured on the cover of the 2017 LAX Coastal Magazine & Business Guide—and is looking forward to addressing the business community once again at the State of LAX.
Beacon Economics will also be taking the stage at this year’s event, with Adam Fowler delivering an updated look at the state of the Los Angeles economy. As Research Manager at Beacon Economics, Fowler is responsible for leading projects on environmental economics and domestic energy, public opinion and attitudes, and the economic impacts of gaming in California. His research interests include the intersection of behavioral economics and public policy. At the State of LAX, Fowler will be highlighting employment, consumer and business spending, and the constraining effects that high housing costs are having on local economic growth.
For those interested in learning more about how LAX is happening, you are invited to join fellow community leaders at the 2017 State of LAX luncheon on November 1, from 11am to 1:30pm, at the Los Angeles Airport Marriott, located at 5855 West Century Boulevard in Los Angeles. Individual tickets are available for $85/person, and table sponsorships are available for $850/table of 10.
As always, this event would not be possible without the support of the LAX Coastal community, and so the LAX Coastal Chamber of Commerce would like to thank this year’s generous sponsors:
Title Sponsor: Parsons Corporation
Gold Sponsors: LAX Connecting Alliance, LINXS, Gateway Connectors
Silver Sponsors: American Airlines, SmarteCarte, Southwest Airlines, SSP America, United Airlines
Bronze Sponsors: Boeing, Dickerson Employee Benefits, L&R Group of Companies, LA Gateway Partners
Table Sponsors: Hollywood Park Casino, Plenary Infrastructure Airports, SoCalGas