Major Boost for Downtowns Revitalization Banc of California Expands DTLA Office Footprint, Will Add Signage to Downtowns Historic Skyline

Mayor Karen Bass announced Banc of California's expansion in Downtown Los Angeles, where the bank will lease 40,000 square feet and add its signage to the skyline. This decision marks a significant step in the city's ongoing revitalization efforts. Bass stated that the bank's commitment reflects confidence in the local economy and emphasizes that Los Angeles is open for business. Earlier this month, she launched the modernization of the LA Convention Center, projected to create over 15,000 jobs and generate $150 million in annual visitor spending. The bank relocated its headquarters to Brentwood during Bass's first year as mayor and pledged $1 million to support her City Contract Financing Program to assist small businesses in obtaining city contracts.

This program encourages small business owners to explore procurement opportunities. The expansion of Banc of California aligns with Bass's vision of restoring Downtown LA as a vibrant hub for economic and cultural activities. More information about the City Contract Financing Program can be found at ProcureLA. com.