The Los Angeles Coalition for the Economy & Jobs – Weekly Report – July 23, 2018
Earlier this year I shared with you that two of our members, Fairplex and CalPoly Pomona, partnered together on an interesting and competitive bid to Amazon for their new HQ.
That collaboration was made possible because both leaders – Miguel Santana (President & CEO of Fairplex) and Soraya Coley (President Cal Poly Pomona) initiated robust strategic planning processes when they started as Presidents of their organizations just a few years back.
More recently, Miguel and his team at the Fairplex, released their new plan for their 500 acre site. Below are their three priorities:
– Increase its already significant role a regional economic engine;
– Improve the community by expanding its program in workforce development, career readiness, and early childhood education;
– Strengthen its place as a regional leader in the arts, culture and entertainment.
As a reminder, Fairplex is in a Public Private Partnership with L.A. County and serves as a steward of nearly 500 acres of county land and a multi billion dollar portfolio of buildings and other assets. They also own and manage another 20 acres of continuous private land which is connected to a new Metro Gold Line Station scheduled to open in 2025.
A recent study by Beacon Economics highlighted their economic output in L.A. County at $326.6 million, with 2,674 FTE jobs created and 135.4 million in earnings generated.
Fairplex will release a RFP later this year for development of the land connected to the future Gold Line stop. In 2019, they will begin a master planning process for the rest of the nearly 500 acres – much of which is developable flat land.
You can learn more about their plans by connecting with Miguel directly and reviewing the strategic plan documents at:
The LA County fair welcomes 1.3 million visitors annually. It runs August 31 to September 23 this year and is celebrating all things route 66.