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LA County officials estimate billions in economic damage; county launches worker and small‑business funds and job centers for rebuild

2405634 · February 26, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Los Angeles County Department of Economic Opportunity provided initial estimates of property and wage losses, described technical assistance and grant programs, and announced worker funds, small business cash grants and partnerships to connect businesses to rebuild contracts.

Los Angeles County economic officials told a California Assembly oversight hearing that early estimates show substantial property and wage losses from the January wildfires and windstorms, and they described county, city and nonprofit programs to assist displaced workers and damaged small businesses.

"Early available data and analysis support statements that this is 1 of the most devastating natural disasters in recent years," Kelly Lobianco, director of the Los Angeles County Department of Economic Opportunity (DEO), told the joint hearing. She cited UCLA estimates of $95 billion to $164 billion in total property and capital…

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