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The committee approved multiple Fiscal Year 2025 Annual Planning Reports for property‑based Business Improvement Districts (BIDs), approved CRA/LA Bond Oversight Committee recommendations to allocate excess non‑housing bond proceeds for the La Guadalupe commercial improvement project and for staffing costs, noted and filed an amended report on the Los Angeles Convention Center expansion, and approved a Motion to implement the LA Region Small Business Relief Fund and Worker Relief Fund via an MOU and agreement with Southern California Grantmakers. One item — modifications to the Program Year 2024‑25 Workforce Development Annual Plan — was continued to a later date.
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The meeting cleared several routine business items that keep neighborhood business improvement districts funded and operating for the 2025 fiscal year. The committee approved use of leftover redevelopment bond money for a commercial improvement project and to cover certain staffing costs, and it approved steps to deliver small‑business and worker relief through a partnership with Southern California Grantmakers and the County Department of Economic Opportunity. A proposed change to the city’s workforce development plan was delayed for further consideration. These actions mean continued local BID services, new funding for a specific commercial project, and an organized channel for disaster‑related relief to reach small businesses and workers.
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