FOR IMMEDIATE RELEASE CONTACT: Patrick Lee February 11, 2003 213/978-0741 LOS ANGELES - Mayor Jim Hahn today announced the creation of the Industrial Development Advisory Committee. The purpose of the committee is to develop a comprehensive industrial development policy that will stimulate the growth and development of manufacturing jobs in the City of Los Angeles. Mayor Hahn has appointed 7 members to his Industrial Development Advisory Committee, all experts in industrial development, who bring diverse backgrounds and perspectives to the committee.

The first phase of the committee's work will define the extent to which industrially-zoned land throughout the city is vacant or under-utilized. The committee expects to complete the first phase this summer.

"Identifying the barriers that inhibit the effective utilization of industrial land is key to industrial development," said Mayor Hahn. "This talented committee will guide the work of evaluating the city's inventory of industrial land as well as identifying the barriers that will tell us why land is under-utilized and how to remove those barriers. I am confident that the expertise and diversity of this advisory committee will help create a national model for industrial development policy." See below for the list of appointees and their bios.

###

Industrial Development Advisory Committee

Roberto Barragan

Roberto Barragan is the President of the Valley Economic Development Center. Previously, he was the Vice President of Business Lending. Barragan was also the Executive Director for the Community Financial Resource Center of South Central Los Angeles. He is currently the President on the Board of Directors for the East Los Angeles Community Corporation and on the Community Advisory Board at Wells Fargo Bank. Barragan graduated from Princeton University and received his MBA from the University of California at Berkeley.

Dr. Raphael Bostic

Dr. Raphael Bostic is the Director of the Casden Real Estate Forecast at the University of California Lusk Center for Real Estate. Bostic was previously a Senior Economist at the Federal Reserve Board of Governors. Bostic graduated from Harvard University and received his Ph.D in Economics from Stanford University.

Dr. Steve Cauley

Dr. Steve Cauley is the Associate Director of the Ziman Center for Real Estate at the Anderson School at the University of California at Los Angeles and a principal at Cauley and Associates, a real estate and financial consulting service. Dr. Cauley has held academic and research positions at the UCLA Department of Economics and at the RAND Corporation. Dr. Cauley received his Ph.D. in Economics from the University of California at Los Angeles.

Timi Hallem Timi Hallem is a partner at Luce, Forward, Hamilton & Scripps LLP and the Director for the Los Angeles Chapter of the National Association of Industrial and Office Properties. Hallem graduated from Smith College and received her law degree from the University of California at Los Angeles. Jack Kyser Jack Kyser is the Senior Vice President and Chief Economist at the Los Angeles Economic Development Corporation. Kyser was previously the Chief Economist for the Los Angeles Area Chamber of Commerce. Kyser serves on the Economic Policy Council of the California Institute and on the economic advisors panel for both the State Controller and the California Chamber of Commerce. Kyser graduated and received his MBA from the University of Southern California. Mitchell Menzer

Mitchell Menzer is a partner at O'Melvany & Myers LLP and President of the City of Los Angeles Planning Commission. Menzer is an active member with the Central City Association and the Urban Land Institute. Menzer graduated from Amherst College and received his law degree from the University of California at Los Angeles.

Stephanie Shakofsky

Stephanie Shakofsky is the Executive Director of the California Center for Land Recycling. Shakofsky was previously a technical analyst for the California State Legislature. She also worked as a research hydrologist at the U.S. Geological Survey. Shakofsky graduated from the University of Illinois at Champaign-Urbana and received her Masters in Hydrogeology from San Jose State University.