Historical Finance and Investments Roots Formulated Los Angeles' Growth

The focal point of downtown Los Angeles is theSouth. During the two-year tour, more than a million
Financial District, situated near to the construction atpeople viewed the exhibit and took home products
Bunker Hill. The district is mostly comprised ofoffered by the Chamber.
corporate office skyscrapers, hotels, banks, law firms,The group also assisted in boosting grassroots
and real estate companies.investments in some important manufacturing
On of the most notable groups historically involved inbusinesses. The beet sugar industry profited from
bringing investment to the city is the LA Chamber ofadvancements in energy sources that helped its
Commerce, which is supported by over 1,600 localgrowth. Among these advancements was the
businesses. By promoting local businesses, thediscovery of oil and the new utilization of electric
Chamber's main goal is to increase investment to thepower generated from water. The Chamber also
city and surrounding region. It prides itself on advocatingbrought aircraft manufacturing to the region in 1920 by
for economic growth, prosperity and quality of life.supporting international air meets at the local
In its early days, the group promoted the West CoastDominguez airfield. The region's livestock market got a
region's many opportunities in the agriculture andboost when the Chamber helped to construct the
international trade industries. As the city developed intoCentral Manufacturing District, serviced by the LA
a major metropolitan area, the Chamber turned itsJunction Railway.
focus to civic and political activities, involving trade,In the aftermath of the Second World War, the
education, transportation and advocacy.Chamber turned from being an organization that tried
At that time the organization had two majorto attract new business to Los Angeles to one that
objectives: to stimulate migration to the region and tobegan to address modern issues associated with a
broadcast its products. They attempted to woolarge industrial area. The organization moved from a
Midwestern farmers to LA because of theircounty-sponsored group to a private business
demonstrated expertise in that field. To satisfy theorganization financially supported only by its members.
second goal, the Chamber embarked on an ambitiousMoving into the modern era, the Chamber took on the
'California on Wheels' expedition, which consisted of aname of the Los Angeles Area Chamber of
railroad car filled with the state's agricultural products,Commerce.
and visited every major town in the Midwest and