On Friday, March 6, the Los Angeles City Council established the criteria for the creation of a Jobs and Economic Development Incentive (JEDI) Zone Program and Councilman Price introduced a motion for one of the first to be in District 9.
The JEDI program would provide incentives such as expedited permitting, fee reductions, facade improvement assistance, training incentives, compliance assistance and access to capital. Price’s motion asked that the Goodyear Tract industrial complex, located in his District, be designated a JEDI Zone.
These zones will offer City incentives to businesses looking to transform or expand their footprint. The request to declare the Goodyear Tract a JEDI Zone will now be evaluated by the Los Angeles Economic and Workforce Development Department (EWDD) to ensure it meets the requirements.
Read more about the program, here.