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City of Los Angeles officials tell Assembly the Games could generate $18 billion for region, outline RAMP and small-business supports
Summary
Paul Kerkorian of the City of Los Angeles’ Office of Major Events told the Assembly LA28’s spending could produce about $18 billion in economic output and outlined city programs (RAMP, Compete for LA, business source centers) to prepare small and diverse businesses to participate in Games procurement.
Paul Kerkorian, executive director of the City of Los Angeles’ Office of Major Events, told the California State Assembly that the city and LA28 are coordinating to maximize local benefits from the 2028 Games.
Kerkorian said LA28’s organizing-budget expenditures, together with the broader multiplier effect of game-related activity, could generate roughly $18,000,000,000 in economic output and about $700,000,000 in state and local tax receipts. “The games will result in $18,000,000,000 in economic output and $700,000,000 in state and local…
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