The greatest challenge for foreign investors is getting connected in the local market. In LA, business is conducted at a fast pace in an informal setting and personal relationships remain an important element in closing sales and business deals. In addition, government entities in the region have developed a series of programs and incentives to foster economic development. InBoundLA worked with one client that needed a demonstration project hosted by a government entity. We set up a series of appointments with various elected officials and government agencies and, in the process, identified a finance mechanism for the project.
The concierge packet of services offered by InBoundLA reduces the risk of failure and decreases the time required to ramp-up operations. Since we are an independent non-profit economic development agency, we are not “selling” any particular product, real estate location or service. For small and medium sized businesses wanting to set up operations in the LA regional market, InBoundLA keeps the client in the driver’s seat.