Diversify WeHo's business sector to ensure better economic stability and provide resources supporting small businesses, all while curbing overdevelopment.
Diversification of the economy is more critical now than ever to rebalance the city's economy. WeHo is too heavily dependent on revenue generated by hospitality and nightlife businesses, making us especially exposed to economic downturns when people are not traveling. We must integrate a wider variety of industries and small businesses and provide supportive services to allow them to grow and thrive. Additionally, a checks and balances review of the city's services is necessary to ensure that the hard-earned tax dollars of our residents are being appropriately handled.
Diversify our economy while maintaining WeHo's character
Support and incentivize a variety of new businesses (both size and type) that will serve our residents, as well as attract visitors
Streamline permit process for filming and special events
Film and music festivals
Cultural events that highlight the diversity of our city
Connect the city with key partners within the Tech, Entertainment, Fashion and Travel industries to bring awareness of the potential WeHo has for expanding their businesses into our community
Reach out to commercial brokers and work together to create incentives for different businesses looking for properties to lease from our commercial inventory
Utilize the surplus of empty existing buildings that have established the character of West Hollywood, such as the vast and impressive Pacific Design Center
WeHo is a progressive community, we need to continue to cultivate and expand opportunities for businesses owned by women, people of color, and the LGBTQIA+ community
We need to make a concerted effort to work primarily with financial institutions that provide financing for minority groups
In these unprecedented times, we must work to rebuild sectors of our business community in order to regain and maintain economic stability
Fight on behalf of our small businesses and provide assistance and support in securing state and federal grants
Offer free legal assistance to small businesses for negotiating/renegotiating leases, as well as any other outstanding issues/disputes
Provide additional support to the WHCC in their work to support West Hollywood businesses by holding insurance carriers accountable for covering the costs of the damages to businesses as a result of the COVID-19 epidemic
Push the California State legislature to contemplate a bill to override the virus/pandemic exemption and help negotiate better terms with B2B vendors
Preparing for the future by creating a community relief fund for small businesses with a blend of financing options that will preserve economic success for the community of West Hollywood.
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