Gov. Gavin Newsom has launched a program called LA Rises which will provide financial support from private sectors to rebuild areas affected by LA wildfires.

Gov. Gavin Newsom announced the creation of LA Rises, a recovery initiative that’s going to bring together private sector leaders to support rebuilding efforts in the wake of the Southern California wildfires.

Although evacuation orders have since been lifted for most of LA County, fire survivors continue to face the road to recovery as they focus on rebuilding.

The program has enlisted Dodgers Chairman Mark Walter, Magic Johnson, and LA28 chairman and president Casey Wasserman to lead the initiative.

Led by Magic Johnson, Casey Wasserman and Dodgers Chairman Mark Walter, the mandate is to create "a unified recovery initiative," raise money & recruit others.

Mark Walter Family Foundation and Los Angeles Dodgers Foundation have provided an initial commitment of $100 million.

California Governor Gavin Newsom on Tuesday launched LA Rises, a private sector initiative aimed at raising money to help residents of Southern California rebuild their lives in the wake of the recent, devastating fires. Rebuilding will be expensive, with some estimates reaching as high as $40 billion.

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