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From the mayor's prepared remarks at the opening of Chinese electric car BYD's North American headquarters:
"When multi-national companies like BYD choose to invest in Los Angeles, it means more jobs and more opportunities for our local economy," said Mayor Villaraigosa.
From Bloomberg:
In April 2010 when the deal was announced, BYD said it would open the office by the end of 2010, and have 150 employees by the end of this year. It now has 20 employees in Los Angeles, with plans to reach 30 by year-end and 100 by the end of 2012, according to Micheal Austin, the company's U.S. vice president.
From the mayor's remarks:
"We see BYD's Los Angeles opening as a catalyst that will usher in good jobs, global investment, and a more sustainable future."
Size of the city of L.A.'s labor force: 1.8 million.
Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.