NAIOP SoCal is expanding its public policy advocacy platform this year to ensure than commercial real estate players have a seat at the table when discussing legislative changes that could impact the industry. The move is a top priority for the organization this year.
"A top priority of NAIOP SoCal is to strengthen our public policy advocacy to leverage our powerful network of 500 companies to protect the interests of commercial real estate," Tim Jemal, CEO of NAIOP SoCal, tells GlobeSt.com. "'Elected officials, particularly at the local and state levels, need to be better educated on the value and contributions of commercial real estate to the regional economy and jobs."
It isn't surprising that Jemal wants the industry to be more involved in public policy. Commercial real estate plays an active role in the local and regional economics. "In L.A. and Orange counties, the commercial real estate industry is a major contributor to the economy with over 7,000 firms supporting more than 130,000 jobs and generating over $5.6 billion dollars in salaries and wages. There are too many local and state policies under consideration without an understanding of the impact on employment and economic growth," says Jemal.
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Kelsi Maree Borland
