Los Angeles County Economic Development Corporation News

"It's kind of shocking to find out how much business is driven by LA's corridors and ports," said Senior Vice President Wally Baker, of the Los Angeles County Economic Development Corporation. "The OnTrac Trade Impact Study mapped products throughout the country by Congressional District. It seems incredible that $2.6 billion is flowing between the Hoosier State and the LA Basin each year. According to the study Indiana had a $50 million cost in business interruption during the first week of the labor dispute. "The monthly cost to Indiana is $200 million and does not count the impact of other West Coast ports on the state," explained Baker, an Indiana native. "Even the US Treasury is very dependent on the revenue generated by the local rail corridors and ports.