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This profile was last updated on 11/21/12  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. Larry L. Kosmont

Wrong Larry L. Kosmont?
Kosmont & Associates
Kosmont Companies
865 South Figueroa Street Suite 3500
Los Angeles , California 90017
United States

Company Description: Kosmont Companies, a certified Minority Business Enterprise (MBE), is a development services firm offering a full range of real estate and economic advisory,...   more

Employment History

  • President
    Kosmont Companies of Los Angeles
  • President and Chief Executive Officer
    Kosmont Cos. of Los Angeles
  • Director of Community Development
    Bell Gardens
  • City Manager
    Bell Gardens
  • Burbank's Director of Community Development
    Bell Gardens
  • President and Chief Executive Officer

Board Memberships and Affiliations

32 Total References
Web References
Larry Kosmont of ..., 21 Nov 2012 [cached]
Larry Kosmont of Kosmont and Associates who publishes an annual guide on the most expensive cities in which to do business, said he believes the city is asking for trouble with the proposed tax increase.
"I think it's problematic for Los Angeles," Kosmont said.
Kosmont said the biggest problem with sales taxes is they are so regressive - hitting the poor and middle class the hardest, which is why cities have tried to avoid raising the tax.
But, he said, with the loss of Community Redevelopment Agencies that provided some funding for programs and the difficulty in raising other taxes, the sales tax has become the latest target of public officials.
Pacific Region [cached]
According to Larry Kosmont, president of Kosmont Companies of Los Angeles, a consultancy specializing in public/private partnerships, what separates some counties is how they reacted to Proposition 13, a grassroots consumer proposition passed in 1978 that limits the ability of state and local government to increase taxes based on property evaluation.Kosmont says some municipalities reacted by raising sales taxes to generate revenue.
"There has been a rush to sales taxes at the local level.Some cities have gone from sales taxes making up 10 percent of their revenue to 35 to 40 percent.Property taxes have gone from making up a third of the city's budget to a quarter," says Kosmont."Some cities like Miami and New York appear to be more expensive places to do business than Los Angeles and San Francisco at the local level, but when you factor in the state income taxes and then sales taxes, the local competitive advantages go away at the state level."
Kosmont says smaller cities with lower property, business and sales taxes should be able to compete against larger cities like San Francisco, which also has a high payroll tax, making it the most expensive California city in which to do business.
Kosmont says the state is paying too much attention to finding new industries and not enough to housing for the employees those companies need.As a result of Prop 13 limiting their ability to tax residential property, some communities believe residential development costs more money than the communities can make on services, he notes."There is a disregard for housing, and that will come back to haunt the state.If there is a shortage of housing in a community, a company is going to look elsewhere to put its expansion," says Kosmont.
Todays News, 7 June 2001 [cached]
LOS ANGELES , June 7 /PRNewswire/ -- Larry Kosmont , founder of the Kosmont Companies of Los Angeles , today announced the formation of Kosmont Financial Services as an integral part of the ongoing expansion of the Kosmont Companies.
Kosmont Financial Services was created by Kosmont and Public Asset Management , of San Rafael , California.
Mr. Kosmont said that Public Asset Management's strong reputation for defining innovative and achievable financing strategies for public agencies and private clients , plus their Northern California location , complements the expansion plans of the Kosmont Companies.
Kosmont Companies are experts in public-private partnerships , Mr. Kosmont stated.With the formation of Kosmont Financial Services , we have added to our capabilities and now offer an array of real estate services ranging from conceptualization to implementation and through to financing..
http : //, 29 Mar 2003 [cached]
"They have a very reasonable set of taxes," said Larry Kosmont, president and chief executive officer of the Kosmont Cos. of Los Angeles, which co-sponsored the survey."It's a little bit more user friendly for businesses."
In Los Angeles County, several other San Gabriel Valley cities joined West Covina as the least expensive in which to do business including Diamond Bar (which ranked the 10th least expensive in the county), Rosemead and Santa Fe Springs.
By comparison, Pomona, ranked the eighth-most expensive in the state and third in the county, has utility and telephone tax use rates of 9 percent.
Should a company be looking to change locations, the survey results might not factor into a firm's first round of cuts, Kosmont said.However, the cost of doing business in a city takes on greater importance once a business has narrowed its field to a couple of cities.
"You can't raise taxes without a vote," Kosmont said."The only other way (to increase city revenue) is to attract new business and real estate deals.The cost of doing business and the competitiveness of a city at that level becomes a very important factor."
Alumni Board Members, 7 Sept 2004 [cached]
Larry L. KosmontKosmont Partners, Inc.601 S. Figueroa StreetSuite 3550Los Angeles, CA
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