This year’s budget provides roughly $4 million in direct funding for economic development, promoting the continued recovery of jobs across the city, with a focus on equity in areas that have experienced the most significant negative impacts. This year’s budget includes funding for staff to implement the citywide Jobs and Economic Development Incentive (JEDI) Zones program created by Councilmember Krekorian, Good Food Zones, Business Response Unit, Sidewalk Vending, Legacy Business, and Facade Improvement programs. Council District 2 has already been approved for the city’s first JEDI Zone, in North Hollywood’s Lankershim corridor. Six more districts have applied or been approved for the creation of JEDI Zones this year.
|