Governor Newsom Announces $24 Million Investment in Southern California Economic Recovery

LOS ANGELES, CA – Governor Gavin Newsom has unveiled a $24 million investment to aid Los Angeles’ economic recovery following the devastating January firestorms. The funding announcement, made during the seventh stop of the statewide Jobs First tour, aligns with the launch of the California Jobs First Economic Blueprint and the Los Angeles County Jobs First Regional Plan.

The investment includes:

  • $10 million for the LA Region Small Business Relief Fund, in partnership with LA Rises, Maersk, and APM Terminals.
  • $3 million for the Los Angeles Jobs First Collaborative, supporting local businesses and public campaigns.
  • $11 million for High Road Training Partnerships, strengthening workforce training in the region.

Local leaders, including Los Angeles County Supervisor Kathryn Barger and LA Mayor Karen Bass, praised the initiative, emphasizing its role in rebuilding affected communities and supporting small businesses.

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