Los Angeles Unified School District Creating Economic Development through Small Business & Local Worker Participation December 2, 2008

Economic Impact 239,000 Jobs $12B In Wages Projected Total Economic Impact 239,000 Jobs $12B In Wages $1.2B In Local And State Taxes $2.5B Awarded To Small Businesses

Small Business Program Small Business Participation 25% Goal Currently 58% ($1.86 billion) Small Business Boot Camp 8-week program for small contractors $125 million+ awarded to graduates Locations: Central LA, East LA, SFV Classes begin April 2009 Contractor MoneyWorks 5-seminar program Increases financial literacy and capacity Facilitates access to bonding and capital www.laschools.org/contractor/sbop

Small Business Program (cont.) Contractor BondWorks Eliminates barriers to bonding and capital Bonding Assistance via guarantee up to $400,000 Line of Credit via guarantee up to $200,000 Eligibility Criteria Small Business Enterprise (SBE) Graduation from Small Business Boot Camp or Contractor Academy Labor Compliance Training Certificate Project Stabilization Agreement Training Certificate Contractor Prequalification

Workforce Development Accomplishments 33% Local Worker Participation Level since July 2004 56,541 Total Workers $664.4 million in wages $30.00 average hourly wage 18,127 Total Local Workers $221.9 million in wages $28.10 average hourly wage 38,649 Total Workers within LA County $473.9 million in wages $29.20 average hourly wage www.laschools.org/contractor/webuild “We Build” Trainees at East Los Angeles Skills Center

“We Build” Program A Key to Workforce & Economic Development Objectives Help Fulfill Contractor Apprentice Needs Help Cultivate Local Workforce Fulfill 50% Local Worker Goal Encourage local Strategic Goals to Increase Local Worker Participation Contractor utilization of local workers & sponsorship of We Build graduates Priority dispatching of local union craft workers to LAUSD projects Continued union partnerships to increase local worker access to union apprenticeship

iSEE Architecture & Engineering Internship Program

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