LA Mayor Hopeful Bass Sees City Gripped by `Hostile’ Business Climate
The six-term congresswoman says corporate executives are saying the city has a hostile attitude toward business.
Representative Karen Bass, a Democrat from California.
Photographer: Kyle Grillot/BloombergKaren Bass, the front-runner in Los Angeles's mayoral race, said she wants to pull the second-largest US city out of its downward skid as a “hostile” place to do business and a growing haven for homelessness and crime.
Corporate giants like construction group Aecom and real-estate firm CBRE Group Inc. have relocated their global headquarters from Los Angeles to Dallas in the past two years. The migration is part of a wider exodus from California, where outbound moves accelerated during the Covid-19 pandemic as residents grapple with high tax rates, expensive housing and quality-of-life issues.