The 2018 Select LA Investment Summit was the 4th year that time domestic leaders and international businesses gathered together for two-days of learning and establishing deep connections. As the most successful summit to date, over 550 registered guests hailed from 25 countries, with three large delegations from Guangzhou, China, Auckland, New Zealand and Taiwan. The lineup of more than 40 speakers – the most to date - covered topics ranging from venture capital, mobility, bioscience, eSports, industry 4.0, among others. Dr. Patrick Soon-Shiong and Mayor Eric Garcetti provided the luncheon and summit keynotes, respectively.
In addition, the new WTCLA report on Foreign Direct Investment (FDI) in Southern California was presented to increase awareness of the success foreign-owned enterprises are having in the region, and the related jobs created by those operations.
The inaugural Select LA Award was presented to BYD Motors, to celebrate the hundreds of well-paying jobs that the company’s electric bus manufacturing operations have created in LA County.
A list of notable federal and local government speakers included SelectUSA Investment Specialist Seth Isenberg, California Go-Biz’s Deputy Director for International Affairs and Business Development Awinash Bawle and LA City Councilmember David Ryu.
The Waking of a Tech Giant
How investors are working with tech companies to fuel and transform LA’s tech industry.
Last November, Southern California tech companies set a new monthly record by collectively raising $2.6B in funding. It’s now well understood internationally that Los Angeles is becoming a major tech influencer. Whether businesses were looking to invest like a venture capital (VC) firm or trying to understand how to secure funding for your project, this expert panel of tech industry funders provided valuable insights on practices surrounding investment criteria and changes in business operations post investment. Upfront Ventures, Crosscut Ventures and Bam ventures rounded out the opening morning plenary.
Industry 4.0: Robotics, Automation and Data
The intersection of IoT and manufacturing is transforming entire industries and their supply chains.
The fourth revolution in production illuminates the deep connections between machine and computer in the form of robotics and automation. In this new era, “smart factories” are born in which cyber-physical systems monitor physical processes and can make simple, autonomous decisions. This panel explored the increasing number of technologies being integrated into all facets of the value chain. IBM, Amazon, Los Angeles Blockchain Lab, and Make in LA lead this forward-thinking discussion.
Inaugural Select LA Foreign Direct Investment Award
he inaugural Select LA Foreign Direct Investment Award was presented to Chinese electric bus and auto manufacturer BYD (Build Your Dreams) to celebrate the hundreds of well-paying jobs that the company’s operations have created in LA County.
Spencer Levy provided the first luncheon presentation on the attractiveness of the LA real estate market, especially with industrial and retail property. Suzanne Boda described the exciting investment and commitment American Airlines is making to the region through its more than $1B investment at LAX to augment LA’s connectivity to the world.
Dr. Patrick Soon-Shiong stunned the crowd with his presentation surrounding the life-changing projects NantWorks has undertaken and its positive impact on local and national communities. The conclusion of his speech was met with raucous applause and a standing ovation.
New High Score
Why Los Angeles is emerging as the gaming and eSports capital of the world.
The epicenter of eSports, the term for competitive video gaming, is Los Angeles. Moguls from the traditional sports world are purchasing franchise license for tens of millions of dollars, while international players like Tencent are making multibillion dollar investment to grow the sport worldwide. A January 2018 CBRE report found that Los Angeles leads the United States with 331 gaming companies operating in the metropolitan area. LA’s top gaming movers, shakers and investors in eSports, including Gamevice, Tencent, Evolution Media, and Next Generation Esports described the massive opportunity in this burgeoning industry.
The LA Mobility Revolution
From Hyperloop’s vacuum pods to all-electric semi-trucks, LA is incubating a new mobility and transportation paradigm.
From fully electric semi-trucks and printed cars to enormous public transportation projects and Elon Musk’s mysterious boring machine, Los Angeles is on the cusp of a mobility renaissance. With traffic congestion and its subsequent environmental impact being two issues Angelenos rally around, LA is experiencing a culture shift that has brought innovative mobility solutions to the forefront. This jam-packed panel featured company leaders from Arrivo, Thor Trucks, Renault-Nissan-Mitsubishi Future Lab, Mercedes-Benz, and UPS – moderated by Forbes Magazine Senior Editor Alan Ohnsman – shared how they are leveraging the advanced transportation momentum throughout their verticals, while postulating about what the future holds for this industry.
Los Angeles Mayor Eric Garcetti once again inspired the international delegations and attendees to view Los Angeles as a region open to all types of businesses and LA, “…wants to succeed with you or fail forward with you…” His unifying message encouraged collaboration and diversity as a foundation for economic growth and success.
2018 FDI Report Presentation
The exclusive release and presentation of WTCLA’s third annual report on Foreign Direct Investment (FDI) in the Southern California region presented attendees a unique look into the 10,000 foreign companies located in all six counties of Southern California (Los Angeles, Orange, Riverside, San Bernardino, San Diego and Ventura), and discussed the future for these international firms under new potential trade scenarios and regimes. Pepperdine University’s School of Public Policy Associate Professor Dr. Michael Shires presented this year’s findings.
Discover the many great cities in Los Angeles and what they are doing to attract FDI.
In this unique afternoon plenary, officials from the LA County cities of El Segundo, Glendale, Long Beach, Santa Clarita, and Torrance presented on their locales’ attractiveness for new investments and businesses. This session provided international attendees the opportunity to understand which cities best fit their business needs, as well as the available resources to make a new venture successful. The panel was moderated by Global Situation Room’s CEO Johanna Maska.