What is community wealth?
An investment that expands but doesn’t harm opportunities for people who have been traditionally excluded from prosperity. It is an investment in people and property to ensure everyone has a place in their community.
Create a pathway to prosperity for LA communities.
Ensure all residents are on the path to economic security and prosperity through building community wealth.
The 6-Point Certification System
The 6-point certification policy ensures that developers are not just building buildings in our city, they’re building health and wealth in our most historically disadvantaged communities.
Coverage that includes medical, dental, vision, and life insurance for all eligible employees, their spouses, domestic partners, and dependents.
Participation in a state-approved apprenticeship training program and commitment to local hire.
Paid time off on sick days, vacation, and holidays, or payments into a Trust Fund which accumulates vacation pay for the employees’ benefit.
A defined benefit pension and/or other retirement savings plan.
Contractors must have a clean record and no history of illegal, fraudulent, or willfully or grossly negligent business activities.
All contractors shall directly hire craft employees and self-perform a minimum of 5% of the traditional construction craft work.