A successful start-up community would bring positive attention to L.A. and spur further job growth.
From The LA Times:
“The Los Angeles technology scene isn’t getting the respect it deserves, a situation that the city is looking to change, Mayor Antonio Villaraigosa said Wednesday.
At an event in West L.A., Villaraigosa said that despite a boom in new start-ups, so-called Silicon Beach still suffers from perception issues and funding problems that have hindered it from reaching its potential as a major tech hub.
“We’re known as the entertainment capital in the world, but we’re not known for Silicon Beach, and that needs to change,” he told a crowd of reporters and tech enthusiasts…”