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Stimulus funds may find way to Valley MONEY: Knowing where to look is key, business leader says.

Byline: Gregory J. Wilcox, Staff Writer

Money from the $787 billion federal stimulus package may find its way into the San Fernando Valley San Fernando Valley

Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills.
 labor market labor market A place where labor is exchanged for wages; an LM is defined by geography, education and technical expertise, occupation, licensure or certification requirements, and job experience  - if employers are willing to do a little legwork leg·work  
n. Informal
Work, such as collecting information or doing research in preparation for a project, that involves much walking or traveling about.
, a local business leader said Thursday.

By doing Internet research and contacting elected and economic development officials, business owners may be able to tap into the funds designed to spur job growth and revitalize the U.S. economy, said Bruce Ackerman, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of the Valley Economic Alliance.

"Whatever type of a business it is, if they can talk to people aligned with that industry, it's going to help them a great deal," Ackerman said.

It's not yet known exactly how much money will reach the region or how it will be used, but it is a substantial amount, he said.

However, the Los Angeles Work Force Investment Board is receiving $43.8 million for job training. About half will be allocated for summer jobs for youth.

Mayor Antonio Villaraigosa plans to meet Monday with business leaders to discuss summer job opportunities.

"We can actually use that to subsidize kids' jobs," said Dave Eder, spokesman for the city WIB WIB Workforce Investment Board
WIB Women In Business
WIB Women in Black
WIB Waktu Indonesia Barat (Western Indonesian time zone)
WIB Western Independent Bankers (San Francisco, CA)
WIB War Industries Board
. "We're paying for those kids' salaries, and everyone knows when a kid and a dollar are put together they don't stay together very long. It goes right back into the economy."

Roughly $190 million will start flowing when construction begins this spring on a car-pool lane on the northbound 405 from Santa Monica Freeway The Santa Monica Freeway is the westernmost segment of Interstate 10, beginning at the western terminus of I-10 at the Pacific Coast Highway in Santa Monica, California and ending southeast of downtown Los Angeles at the famous East Los Angeles Interchange.  to the Ventura Freeway. That project along will create 18,000 jobs, said Marc Littman, a spokesman for the Metropolitan Transportation Authority.

Ackerman suggests businesses check out the following sites to increase their changes of tapping into stimulus money.

Information about approved infrastructure projects in the area is at

Learn how to find those bid opportunities and how to do business with the government at

Call the Workforce Investment Board Workforce Investment Boards (or "WIBs") are regional entities created to implement the Workforce Investment Act of 1998 in the United States, the Federated States of Micronesia, the Republic of Palau and the Republic of the Marshall Islands.  Business Services at 213-744-7211 to find out about training opportunities.

Businesses can also find more information at the California Employment Training Panel site at or by calling 916-327-5640.

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Title Annotation:Business
Publication:Daily News (Los Angeles, CA)
Date:May 1, 2009
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