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Community Partners



 

News

City to grade banks and financial institutions
Companies will be forced to submit local investment report

The L.A. City Council unanimously supported a plan to draft an ordinance that would require banks or financial institutions that do business with the city to submit a report detailing their investment in local communities. Financial institutions would be forced to provide a report card that grades how they choose to operate their company for an opportunity to compete for the city’s nearly $30 billion in investments. VICA has expressed its concern about the proposal and the city’s interference with business operations. Particularly, VICA questioned the city’s role in telling financial institutions how to run a business and invest funds. 
 
 

Read the latest news from VICA in

Watch the latest episode of The VICA Show


 

Events

Leaders Forum with Dodgers Owner Frank McCourt  
Tues., Mar. 23, 8-9:30 a.m. 
The Beverly Garland Holiday Inn
 
4222 Vineland Ave., North Hollywood 
RSVP to monique@vica.com or CLICK HERE to register online.

 

Upcoming VICA Events

Destination: D.C. Advocacy Trip
Mon.-Wed., Mar. 15-17, see flyer for schedule 
Capitol Hill 
Email
monique@vica.com or call the VICA office at 818.817-0545 for more information or to RSVP.

VICA After Dark with L.A. City Attorney Carmen Trutanich 
Thurs., Apr. 1, 5:30-7:30 p.m.
Morton's The Steakhouse
6250 Canoga Ave., Woodland Hills

RSVP to monique@vica.com or CLICK HERE to register online.

Leaders Forum with Senator Barbara Boxer  
Wed., Apr. 7, 11:30 a.m.-1 p.m. 
Sportsmen's Lodge Events Center--Waterfall Room 
12833 Ventura Blvd., Studio City
RSVP to
monique@vica.com or CLICK HERE to register online

Sacramento Advocacy Trip
Tues., Apr. 20, all-day
State Capitol
Email
monique@vica.com or call the VICA office at 818.817.0545 for more information. CLICK HERE to register online.

Newsmaker Connection with CA Inspector General Laura Chick  
Thurs., Apr. 29, noon-1:30 p.m.
VICA Office
5121 Van Nuys Blvd., Sherman Oaks
MEMBERS ONLY EVENT. RSVP to
monique@vica.com.

VICA After Dark with L.A. County Supervisor Zev Yaroslavsky
Thurs., May 13, 5:30-7:30 p.m.
D'Cache'
10717 Riverside Drive, Toluca Lake

RSVP to monique@vica.com or CLICK HERE to register online.

San Fernando Valley Buiness Hall of Fame  
Thurs., Jun. 17, 6-9 p.m. 
Sheraton Universal Hotel

333 Universal Hollywood Dr., Universal City
RSVP to monique@vica.com

Click here for our Valley Business Calendar, which includes VICA Policy Committee information


 

Advocacy

Lawmakers cling to partisan politics
Business blasts Legislature for open primary settlement

VICA and other business groups stepped up this week to question the Legislature for its settlement allowing a rewrite of ballot language for Proposition 14. The measure (which is part of last year’s budget compromise) would create an open primary system in California with the hopes of easing partisan gridlock. The business community expects open primaries, paired with redistricting passed by voters in 2008, to give citizens a greater voice and elect moderate candidates who are willing to work together. Supporters of an open primary called the Legislature’s out-of-court settlement illegal and a political maneuver to maintain the status quo.   

Click here to read VICA's 12 solutions for a better California

Follow business-related bills with VICA's         Legislative Tracker

 


 

Local Update: VICA's monthly column in the San Fernando Valley Business Journal

Privatization would improve city services 

As news about the city’s budget deficit dominates headlines much of the buzz surrounds layoffs and cuts to city services. But savvy business leaders know that when times are tough creativity is needed to help overcome financial difficulties. The City of Los Angeles faces a budget gap of more than $200 million and that number is anticipated to double in the following fiscal year. Unless city leaders make sustainable and systemic changes to the way the city operates, the budget crisis will remain chronic. Significant cuts and layoffs are unavoidable at this point, but there are other ways the city can leverage its assets to help ease the budget shortfall. Over the next several weeks the Los Angeles City Council will consider public-private partnerships as one of the methods to help close the city’s budget deficit. Click here to read the entire column.