L.A. County asks for assessment of commercial rents [Video]

Calling it an attempt to foster a more equitable and sustainable local economy, the Board of Supervisors directed its staff Tuesday to conduct an economic analysis of commercial rents in the county and provide recommendations for a commercial tenant relocation assistance program.

Introduced by Supervisor Holly Mitchell and Hilda Solis, the motion approved by the board calls small businesses “cultural brokers, sources of local identity, and engines of economic opportunity,” while highlighting the negative impacts of rising rent, gentrification and displacement.

“It is crucial for the county to implement stronger small business tenant protections and anti-displacement measures to preserve the vitality and character of our neighborhoods,” the motion states.

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Mitchell said the board has always prioritized anti-displacement efforts and small business support, noting programs such as the Employee Ownership program, Commercial Acquisition Fund, Economic Mobility Initiative, Entrepreneurship …