BYD — the Chinese electric carmaker that City Hall promoted as a job creation engine for Los Angeles — finally opened today a year late and a lot of dollars short.
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 a story by Bloomberg News reporters Alan Ohnsman and Christopher Palmieri.
partly owned by Warren Buffett’s Berkshire Hathaway, has delayed plans to
sell electric cars to retail buyers, citing limited availability of public
chargers. Instead, it’s focusing on solar panels, batteries, LED lighting and
will usher in good jobs, global investment and a more sustainable future,” Villaraigosa,
who planned to attend today’s ceremony, said in an e-mail last week to the
Beutner, whose mayoral campaign is built on his ability to create jobs, said: “Things like
this are about planting seeds. Some grow fast, some grow slow, but you’ve got
to plant them.”.
The deal the city put together to get BYD to settle in L.A. a long-term guarantee to cover the company’s rent if it leaves, three-years of a business tax holiday, installation of a charging station by DWP within a week of buying an electric car and $5 million in incentives — including $2 million that came from federal programs intended to help the poor.
City Controller Wendy Greuel, who has voluntarily taken on audits of the community colleges and the Coliseum, might take a look at the mayor’s entire job creation with an eye for how much money intended for the poor has been used as it has in this case and with Gensler architects to provide swank offices for huge and wealthy businesses.How many jobs are being created, what kind of jobs and who actually is getting those jobs are areas of importance if Greuel, also a wannabe mayor, can find the time and staff to look at city government.
“For both the
city and the company, the project may be more about brand enhancement and indirect
jobs. Operating from the U.S. entertainment capital boosts BYD’s image with
customers in China while making Los Angeles, which lost the headquarters of
Hilton Worldwide Inc. and Northrop-Grumman in
the past three years, appear friendlier to business.
“Los Angeles has long been a headquarters
desert, especially of marquee companies, and becoming even more so in recent
years,” said Rob DeRocker, a Tarrytown, New York-based economic-development
consultant. “This company will give the city much-welcomed bragging rights.”