Home biz brief BizBrief: Today’s News To Know

BizBrief: Today’s News To Know

New Report Reveals Port Of Long Beach’s Economic Impact
The Port of Long Beach supports 51,090 jobs generating $3.2 billion in income in Long Beach, according to a new report analyzing POLB’s economic impact. This approximates to one in five jobs citywide, the report by Economic Development Research Group and The Tioga Group stated. POLB supports 394,220 jobs countywide, 705,430 statewide and nearly 2.6 million throughout the United States. In total, these U.S. jobs generated $126.8 billion in income. Port-related economic activities factored in the analysis included cargo operations, cruise services, tourism, retail, real estate and construction. Since 2001 – the year China joined the World Trade Organization and the last time the port’s economic impact was assessed – the total value of goods moving through the port has increased 66%. In 2017, the total value of trade moving through POLB was $194.1 billion. Click here to read the full report.

City Courting Angels For Downtown Baseball Park
The City of Long Beach is in talks with the Los Angeles Angels of Anaheim about moving the baseball team to Long Beach, Kevin Lee, public affairs officer for the city, confirmed today. Lee provided the following official statement from Mayor Robert Garcia: “As part of our efforts to create a downtown waterfront development plan, we are exploring the feasibility of a downtown sports venue on the Convention Center parking lot. We are in the early stages of our due diligence and are exploring a variety of options for this property. We have approached the Angels to express our interest and discuss the possibilities of this opportunity. This is very preliminary and discussions are ongoing.” Business Journal Publisher George Economides responded by saying, “Great news, as long as it’s the Long Beach Angels.” The Long Beach Post broke the news yesterday.

Urban Commons Announces Continued
Focus On Queen Mary’s Structural Integrity
Urban Commons, leaseholder for the Queen Mary, intends to continue focusing on efforts to improve the ship’s structural integrity while enhancing select areas of the ship for guest entertainment. “Restoring or even maintaining a historic vessel like the Queen Mary is not something that is accomplished overnight,” Dan Zaharoni, the company’s chief development officer, stated in a press release. “We knew this would be a long road and that the end product would be something of great importance to the Long Beach community which is why we were eager to roll up our sleeves and get to work from day one.” Click here to read a Business Journal article on the topic.

LEAVE A REPLY

Please enter your comment!
Please enter your name here