FOR IMMEDIATE RELEASE
Robert L. Duarte, Jr.
Robert.Duarte@bizfed.org | (562) 440-3088
GOVERNOR NEWSOM ALIGNS WITH BUSINESS AS HE ANNOUNCED PRIORITIES IN HIS FIRST STATE BUDGET
Governor Newsom focuses on housing supply and affordability as the number one issue causing poverty in the Golden State
LOS ANGELES, Calif. (Jan. 10, 2019) – “The priorities that Governor Newsom defined in his first State Budget today are worthy of praise,” said Tracy Hernandez, BizFed Founding CEO.“His ‘All In California’ approach keeps our collective focus on California’s poverty crisis. Our State has the highest poverty rate in the nation, which devastates our communities and impacts our economic competitiveness.”
Los Angeles County, sadly, has the highest poverty rate in all of California. In 2018, the Los Angeles County Business Federation, BizFed, launched a mission to lift one million Angelenos out of poverty in the next decade.
Our recent #BizFedPulsePoll discovered that the majority of business leaders believe housing and job-training/education are the key elements in fighting poverty in the LA region. “I am pleased that Governor Newsom aligns with BizFed in choosing to tackle housing affordability and strengthen education in his first budget proposal.” said Steve Bullock, BizFed Chair.
About Los Angeles County Business Federation (BizFed)
With more than 180 business organizations representing 400,000 employers with nearly 3.5 million employees throughout L.A. County, BizFed is a massive, diverse grassroots alliance that advocates for policies and projects that strengthen the regional economy. Leveraging power in numbers, BizFed explores all sides of critical issues and takes action to make a difference for business growth, job creation, and economic vitality in Southern California.