Wednesday, April 30, 2008
The LA City Council approved a policy that will improve the future opportunities for local residents on redevelopment projects in Los Angeles. Last week the City Council directed the redevelopment agency to negotiate a project labor agreement with the Building Trades Councils of Los Angeles and Orange Counties. This PLA is oriented towards giving a chance to local population.
The “Construction Careers and Project Stabilization Policy” was worked on by labor and community activists that were tired of being left out the benefits that come from large redevelopment projects.
According to the LA Business Journal:
The policy covers all Community Redevelopment Agency projects that receive at least $1 million in public funds or are on agency-owned land. It also requires contractors to hire more local and low-income residents from communities immediately surrounding redevelopment projects.
That could mean hundreds of millions of dollars being recirculated throughout the communities of the city.
A press release from the LA County Federation of Labor can be found here.