Beverly Hills Special Election May 23, 2023
The Beverly Hills Chamber of Commerce would like to remind all members that the Special Election regarding the Cheval Blanc Beverly Hills Hotel will be May 23, 2023. The Beverly Hills Chamber of Commerce supports the project and encourages all to vote yes on Measure B and C. Click here to view the Chambers letter of support.
High Living Costs Solidify California's Two-Tier Economy

The high cost of living is the single most important why California, despite its world class economy, has the nation's highest rate of functional poverty, as measured by the U.S. Census Bureau. Its supplemental poverty index is weighted for the cost of living and California's high cost, especially for housing, drive the state's ranking. California's extremely high housing hurdles not only explains why so many residents are fleeing to other states, but why is it so difficult for working-class families to build generational wealth via home ownership. It solidifies the state's two-tier economy. A new study by Moneywise, a website devoted to consumer finance, reveals that first-time home buyers in California has the nation's second highest average down payment, $98,904, topped only by Hawaii's $110,360. 

California has a long road ahead if it wishes to change the environment to stop the mass exodus. Click here to read more. 

LA City Council Motion Seeks to Raise Minimum Wage for Tourism Workers to $25 an Hour

Earlier this month, Los Angeles City Council introduced an ordinance raising the minimum wage for tourism workers to $25 an hour. This is in accordance with rising living standards throughout California. The motion was introduced by City Councilman Curren Price of District 9, and its purpose is to ensure that a stable workforce is provided for tourism Los Angeles as the city prepares to host global events such as the 2026 World Cup and the 2028 Olympic Games to ensure the future growth of the tourism industry.

Based on the success of the motion, Los Angeles County would make a similar to change the tourism industry.

Beverly Hills Chamber of Commerce Opposes SB 525
The Beverly Hills Chamber of Commerce opposes California Senate Bill 525. The Bill would require health facilities and home health agencies to give raises to many suppose employees, including nurse technicians, housekeepers, security guards, food workers, and laundry providers. The Chamber opposes S 525 as it would impose significant cost on health care facilities and any employer. The Beverly Hills Chamber of Commerce joins the California Chamber of Commerce coalition in opposing SB 525.

Click here for More Information About Beverly Hills Chamber Of Commerce : Government Affairs Update - May 5, 2023