Los Angeles

City Council

May 17, 2024 Item #16

Agenda Item 16

(16) 19­0781 MOTION (KREKORIAN ­ PRICE ­ PARK) relative to amending the Economic Development and Jobs Committee report dated June 14, 2022 Friday - May 17, relative to the Legacy 2024 -Program, Council file No. Business PAGE 12 19­0781. 3. AUTHORIZE the City Clerk to make any technical corrections or clarifications to the above fund transfer instructions in order to effectuate the intent of this Motion. (16) 19­0781 MOTION (KREKORIAN ­ PRICE ­ PARK) relative to amending the Economic Development and Jobs Committee report dated June 14, 2022 relative to the Legacy Business Program, Council file No. 19­0781. Recommendation for Council action: AMEND the Economic Development and Jobs Committee report dated June 14, 2022 relative to the Legacy Business Program to change Recommendations 1a and 6 to read as follows: 1a. The Economic Workforce and Development Department (EWDD) will create an application process for businesses to be included on the Legacy Business Registry, quarterly review applications, receive recommendations from the Small Business Commission with respect to the applications submitted, and provide regular updates to the Small Business Commission of those businesses approved for inclusion on the Registry. 6. AUTHORIZE the EWDD to establish and implement a Legacy Business Registry, including soliciting, reviewing, and approving candidates for designation as a Legacy Business, and to provide a designation summary of those businesses approved for inclusion on the Registry to the Small Business Commission.