The Los Angeles City Council voted Friday to provide $5.7 million in financial assistance to a company that is helping a garment factory relocate from South Gate to South Los Angeles.<\/p>\n
On a 14-0 vote, the council agreed to provide Pacific Center Place LLC two buildings that were purchased by the city\u2019s redevelopment agency for $2.7 million three years ago. The council also agreed to provide $3 million in loans, some of which would not need to be paid back if the project creates a certain number of jobs.<\/p>\n
Officials with Service Employees International Union Local 721 have criticized the deal, saying the city should not subsidize such a project in a time of financial crisis.<\/p>\n
\u201cThis is not creating new jobs,\u201d said Tim Butcher, a heavy truck operator who frequently testifies for the SEIU at council meetings. \u201cThis is moving 30 to 40 jobs from somewhere else up here.\u201d\n<\/p>\n
The project received the support of Councilwoman Jan Perry and Mayor Antonio Villaraigosa\u2019s appointees at the Community Redevelopment Agency commission, which voted 4 to 0 in favor of the plan. In a statement, Perry described the project as a key addition to the city\u2019s apparel industry.<\/p>\n
Under the city\u2019s 10-year loan agreement, one of the tenants of the project, D&J Sportswear, would be required to bring 30 full-time jobs to the site in the first and second years of the agreement. That number would need to rise to 40 in the agreement\u2019s third and fourth years and to 74 jobs in the fifth year.<\/p>\n
Half of those jobs would need to be paid at the rate of the city\u2019s living wage: $10.30 per hour plus $1.25 per hour in health benefits. If those terms are met, one of the $750,000 loans being provided by the city would be forgiven.<\/p>\n
–David Zahniser at Los Angeles City Hall<\/p>\n","protected":false},"excerpt":{"rendered":"
The Los Angeles City Council voted Friday to provide $5.7 million in financial assistance to a company that is helping a garment factory relocate from South Gate to South Los Angeles. On a 14-0 vote, the council agreed to provide Pacific Center Place LLC two buildings that were purchased by the city\u2019s redevelopment agency for […]<\/p>\n","protected":false},"author":4678,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-477671","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/477671","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4678"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=477671"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/477671\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=477671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=477671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=477671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}