Category: MAYO Communications


image of downtown
Courtesy METRO

Article first published as <ahref=’http://technorati.com/business/article/nearly-35-million-to-be-invested/‘>Nearly $35 Million to be Invested in Bus Improvements According to U.S. DOT</a> on Technorati.

Greyhound Bus coined the phrase, “Take the bus, and leave the driving to us.” Now, the federal government is banking on it with a $34.7 million dollar program announced Friday (Oct. 28, 2011).

Angelenos and Los Angeles area visitors will soon have better transit options and less congestion thanks to money from the Federal Transit Administration’s (FTA) 2011 Bus Livability and State of Good Repair competitive discretionary programs.

METRO BUS AT NIGHT
Courtesy Metro

“Investing in America’s transit systems, rails, roads, ports and airports is the perfect way to generate tens of thousands of construction-related jobs and put more money into the pockets of working Americans,” said U.S. Transportation Secretary Ray LaHood.

“But we must do more. Congress needs to pass the transportation portion of the American Jobs Act so we can continue to invest in critically needed projects like these, and to repair and modernize our nation’s transportation systems.”

FTA Deputy Administrator Therese McMillan was at Metro headquarters in Los Angeles to make the announcement and to encourage Congress to support the transportation investments proposed under President Obama’s American Jobs Act.

Union Station Downtown
Aerial shot of Union Station in downtown LA
(Courtesy Metro)

She was joined by Los Angeles Mayor Antonio Villaraigosa, Metro CEO Art Leahy and other officials. “As a native Californian, I know first-hand just how crowded our highways and roads are and how without these federal investments our cities’ buses will continue to age and break down,” Deputy Administrator McMillan said. The U.S.

Senate is expected to vote on the transportation proposals made under the President’s American Jobs Act next week.

El Monte station under constructions

The transit grants are expected to help Metro purchase new energy-efficient compressed natural gas buses and construct a new Patsaouras Plaza Bus Station adjacent to Union Station in downtown Los Angeles, which will serve El Monte Bus way passengers and other transit riders.

The project is part of the Metro Express Lanes Demonstration Program, a larger strategic effort to reduce traffic congestion along the I-10 and I-110 freeways in Los Angeles County.

Some 2,400 jobs are expected to surface from $210 million federal grant awarded by the DOT four years ago. DOT, Metro and the California Dept. of Transportation (Caltrans), is currently under construction on those projects.

TTA is providing more than $126 million for 41 projects in California. A complete list of successful project proposals can be found athttp://fta.dot.gov/grants/13094.html.

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LAEDC report also shows L.A. County tops in manufacturing, employing 389,300 workers

Los Angeles Southern California is the nation’s largest manufacturing economy, according to a report issued today by theLos Angeles County Economic Development Corporation(LAEDC). The 2011 “Manufacturing: Still a Force in Southern Californiareport dispels the myths that manufacturing in the region is disappearing and that all manufacturing is moving to low-cost countries.

Nationally, the U.S. is the world’s largest manufacturing economy, producing 21 percent of the global manufactured products in 2009.  U.S. manufacturing generated $1.6 trillion worth of output, which represented 11 percent of the U.S.’ total GDP.  Productivity in the manufacturing sector is also very high with manufacturing jobs often paying premium wages and benefits.

Industrial restructuring has intensified, making U.S. manufacturing more competitive than ever,” said LAEDC’s Chief Economist and report author Nancy D. Sidhu, Ph.D.  “The U.S.share of global manufacturing has remained at or above 20 percent for most of the past two decades.”

Locally, in Los Angeles County, the manufacturing sector employed 389,300 people in 2009, while the value of manufacturing shipments in the County was $153 billion in 2007 (latest data available).  Manufacturing is a “high-multiplier” activity, supporting many local area businesses and jobs in supplier industries such as energy, freight transportation, and business and professional services.

The top five industries in L.A. County (measured by dollar revenues in 2007) were: Petroleum Refining, Computer and Electronic ProductsFood Products, Aerospace and Fabricated Metal Products.  Of the manufacturing employment in the County, 56 percent of the workers produced durable goods such as computers, transportation equipment and metal products, while the other 44 percent produced nondurable goods such as apparel and food.

The largest manufacturing sector in the County (measured by employment in 2009) is Computer and Electronic Products with 51,323 jobs. The apparel sector had the second highest number of employees, with 48,107 jobs.  However, the sectors suffering the largest employment declines over the past decade were Computers and Peripherals, Furniture and Textile Product Mills.

For the full story and to download the 2011 LAEDC Manufacturing study visit:

http://www.mayocommunications.com/2011-NEWS%20RELEASES/NR-383.htm

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