A new report released today by the Los Angeles County Economic Development Corporation (LAEDC) reaffirmed Los Angeles International Airport’s (LAX’s) role as a major economic generator in Southern California – creating 620,610 local jobs, and its on-going, capital-improvement program, another 121,640 annual jobs.
LAX has long been recognized as being an economic engine for the six-county Southern California region and this new report quantified LAX’s total economic and fiscal impacts from airport activity and airport services, as well as from its on-going capital-improvement program…
Over a 15-year period starting in 2008, Los Angeles World Airports will have spent more than $14 billion to re-imagine, renovate and rebuild LAX. The LAEDC study looked at the significant and positive economic impacts of $10.1 billion in spending for capital-improvement projects.
The on-going LAX Modernization Program, which is expected to finish in 2023, is creating 121,640 additional annual jobs, with labor income of $7.6 billion, $20.3 billion in business revenues (output), $966 million in state and local taxes, and $8.7 billion in federal tax revenues.
“LAX is powering an economic resurgence across our city, and we are investing billions to make it even stronger,” said Los Angeles Mayor Eric Garcetti. “Today’s LAEDC report confirms that this generational investment in our airport is paying off with hundreds of thousands of jobs for Angelenos and billions added to our local economy.”
As your local chamber, the LAX Coastal Chamber of Commerce is here to be the strongest voice for business within our region. This means that the Chamber not only advocates on your behalf, but also works to keep the community informed on impactful projects. One such project is the LAX Modernization Plan, a $14 billion Capital Improvement Program at Los Angeles International Airport (LAX), projected to last through 2023.
Our first annual State of LAX event will invite the LAX Coastal community to a panel discussion, featuring important updates by city and industry leaders detailing LAX’s advancements in construction, technology, economic impact, and more. Joining us as our keynote speaker will be the CEO of Los Angeles World Airports, Deborah Flint, who will share a clear vision for the future of LAX and what it will take to transform this airport into a world-class travel destination.
Other speakers include: Valeria Valasco, Board of Airport Commissioners.
Wednesday, November 16, 2016
11:30AM-1:30PM / VIP Reception 11AM-12PM
5855 W. Century Blvd., Los Angeles, CA 90045
Thank you to title sponsor, Kiewit Skanska!
Bronze Sponsor $1,500 – Table of 10, 2 VIP tickets, 1/3-page ad
Silver Sponsor $2,500 – Table of 10, 5 VIP tickets, 1/2-page ad
Gold Sponsor $5,000 – Introduction of Keynote, Deborah Flint, Table of 10, 10 VIP tickets, 1-page ad
Photo credit Los Angeles World Airports.