L.A. remaking its image for business

Battling the stigma of being unfriendly to business, Los Angeles officials pledged Thursday to step up tax-reform efforts, develop policies to boost growth, and seek to draw up a comprehensive economic plan for the city. Daily News.

The emphasis comes just two days after a study found that neighboring cities are siphoning off Los Angeles business with better incentives and policies.

"We need to have a partnership if we are going to succeed," Mayor Antonio Villaraigosa told more than 400 business leaders who converged at City Hall in an annual Los Angeles Area Chamber of Commerce event.