Local Group Submits Paperwork To Place

Hotel Working Conditions Ordinance On November Ballot

Earlier today, the Long Beach Coalition for Good Jobs and a Healthy Community submitted paperwork to the city clerk to start the process of placing a ballot measure aimed at protecting hotel workers on the city’s November 2018 ballot. According to the Coalition Executive Director Victor Sanchez, the initiative is similar to an ordinance rejected by the Long Beach City Council last year. The proposal would apply to hotels with 50 or more rooms and includes various safety provisions. Workload restrictions are also included but could be waived “in a bona fide collective bargaining agreement but only if the waiver is explicitly set forth in such agreement in clear and unambiguous terms,” according to the proposal. For more information, see the January 30 edition of the Business Journal.


Wells Fargo, Gallup Release Small Business Survey Results

This morning, Wells Fargo and Gallup released the results of their first quarter Small Business Index survey, which showed that business owners entered 2018 feeling the most optimistic since 2007. According to the survey, this optimism is driven by the future outlook of revenues, cash flow and capital spending plans. About half of the business owners gave the current presidential administration a performance grade of “A” or “B” on business-related issues.


Ending NAFTA Would Result In Negative Economic Impacts, Study Finds

A study commissioned by Business Roundtable, an association of CEOs from some of America’s top companies, concluded that terminating the North American Free Trade Agreement would result in the net loss of 1.8 million jobs within the first year. The study also found that U.S. exports to Canada and Mexico would decrease 17.4% each, Americans’ purchasing power would decrease by nearly $654 per household, and economic activity would be shifted to U.S. economic competitors, including China. Click here for more information.


Bill Sets Banking Framework For Cannabis Businesses

State Senator Bob Hertzberg of Van Nuys introduced a bill today to help licensed marijuana businesses conduct financial transactions. Under Senate Bill 930, banks could work with dispensaries to help them issue certified checks to employees, pay their state and local taxes, pay their rent and invest in the state economy. Since the U.S. Drug Enforcement Administration classifies cannabis as a Schedule I drug, licensed marijuana businesses cannot deposit their profits in federally-insured banks.


Los Angeles Board of Harbor Commissioners Awards Grants To Further Health Care

The Los Angeles Board of Harbor Commissioners approved 10 grants totaling $644,794 for programs promoting health care, health education and access to respiratory care in San Pedro and Wilmington. The largest grant of $225,000 went to Dignity Health – St. Mary Medical Center for a mobile care clinic to provide low-income patients with respiratory care. Other grant recipients included International Bird Rescue, Broad Elementary and Friends of Cabrillo Marine Aquarium.