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CA Film & TV Tax Credit Program 2.0

CA Film & TV Tax Credit Program 2.0

The California Film and Television Tax Credit 2.0, enacted in July 2015 and sunsetting June 2020, has contributed almost $21.9 billion in economic output over five years, supporting more than 110,000 total jobs (includes direct, indirect, and induced) in California. This increase in economic activity has returned to state and local governments an estimated $961.5 million in tax revenue.

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United Kingdom Foreign Direct Investment in California

2021 United Kingdom Foreign Direct Investment in California

WTCLA has partnered with the Consulate General of the United Kingdom in Los Angeles and LAEDC’s Institute for Applied Economics to better detail the economic ties between the UK and the Golden State. The 2021 United Kingdom Foreign Direct Investment in California report details how the 2nd largest investor in California has made a significant impact in our state and local counties.

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2022 Economic Forecast

LAEDC’s 2022 Economic Forecast

The LAEDC Economic Forecast includes in-depth research from our team of economists. This report is created for thought leaders and industry experts to highlight items that may impact the United States, California and Los Angeles regional economies.

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The circular economy and the built environment in the LA region: opportunities for Dutch companies

The Circular Economy and the Built Environment in the Los Angeles Region: Opportunities for Dutch Companies

This market study, commissioned by the Dutch Ministry of Foreign Affairs, maps the circular economy in California, specifically focusing on the Los Angeles region. The circular economy is the concept of systematically rebuilding the economy to encourage the continued use of resources and reduce negative impacts on the environment. Core elements of circularity are embedded within each key urban system including water, housing, infrastructure, waste management, and food. State and local public policy aimed at supporting the circular economy is reviewed in the report and the region’s circular industries are studied. Potential public and private partners for circular companies are identified, and past circular project successes and upcoming projects of interest are highlighted.

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Middle-skill occupations and related career education programs through the lens of race and ethnicity

Middle-Skill Occupations through the Lens of Race & Ethnicity

Center for a Competitive Workforce (CCW), powered by LAEDC, has released a new report, Middle-Skill Occupations and Related Career Education Programs through the Lens of Race and Ethnicity in the LA Basin.  The report provides data and analysis of several industries and occupations with opportunities for greater diversity to better represent the diversity of the region’s people.  LAEDC’s Institute for Applied Economics partnered with the Center of Excellence for Labor Market Research to publish this report.  The goal of the report is to highlight well-paying jobs with strong hiring demand, to support decisions that lead to more widely shared prosperity.  More specifically it identifies pathways into well-paying jobs that will support a more equitable recovery and better diversity and inclusion in LA’s economy.

2021 FDI Report - Foreign Direct Investment in CA - World Trade Center LA

2021 FDI Report – Foreign Direct Investment in CA – World Trade Center LA

The 2021 report on foreign direct investment in California, presented by the World Trade Center Los Angeles (WTCLA) and Los Angeles County Economic Development Corporation (LAEDC), represents the sixth edition of our annual outlook. In keeping with our previous edition, we estimate FDI across the entirety of California’s regions alongside our focus on Los Angeles County.  This year, comparison to New York and Texas FDI (the second and third largest states for FDI behind California) are included for comparison.

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WTCLA report: United Kingdom investment in California supports 111,430 jobs in California

WTCLA report: United Kingdom investment in California supports 111,430 jobs in California

According to this report from World Trade Center Los Angeles, UK foreign direct investment supports 111,430 jobs in the state of California across 2,433 establishments, which paid $9.4 million to Californian workers. Though this economic impact takes place across all major industries, UK FDI is particularly concentrated in professional and business services, manufacturing and retail trade. To further highlight the depth of this relationship, the value of bilateral goods trade between California
and the UK was valued at $11.5 billion in 2019. As a testament to the special relationship between the United Kingdom and California, WTCLA has partnered with the Consulate General of the United Kingdom in Los Angeles to better detail the economic ties between the UK and the Golden State. This report represents a culmination of this effort and highlights the UK’s FDI footprint across California, its regions and its industries.

Opportunities in Global Commerce: Middle-skill jobs at LA's Air and Sea Ports

Opportunities in Global Commerce: Middle-skill jobs at LA’s Air and Sea Ports

This report studies the changing labor market at the airports and seaports of the Los Angeles County region, the supply of talent for these jobs, and the outlook for the industry including forecasts of job openings in well-paying occupations.  This report is designed to help college faculty, job-seekers, students, employers at the ports, and our region’s workforce development systems. 

This report was is 17th in a series prepared by LAEDC’s Institute of Applied Economics in partnership with the LA/OC regional community college system and its Center for Labor Market Excellence, as part of Center for a Competitive Workforce.

Please check out the graphical presentation of this report at our sister website, CompetitiveWorkforce.LA
Pathways to Economic Resiliency LA County: Executive Summary (part 1)

Pathways to Economic Resiliency LA County: Executive Summary (part 1)

County of Los Angeles has released a report prepared by LAEDC, with data and analysis of the economic crisis caused by COVID-19, and recommendations for steps the public and private sector can take to improve the recovery and create more widely shared equity.  The report, Pathways to Economic Resiliency, is a product of LAEDC’s Institute for Applied Economics which is committed to LAEDC’s vision of a growing, equitable, environmentally sustainable and resilient economy, that provides a healthy and high standard of living for all in LA County.

THIS IS ONE OF THREE FILES.  Please note the following files are available:

Executive Summary, Main Report, Appendix

Please see the full announcement and explanation of this work at: https://laedc.org/2021/02/09/pathways-report/ 

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Pathways to Economic Resiliency LA County: MAIN REPORT (part 2)

Pathways to Economic Resiliency LA County: MAIN REPORT (part 2)

County of Los Angeles has released a report prepared by LAEDC, with data and analysis of the economic crisis caused by COVID-19, and recommendations for steps the public and private sector can take to improve the recovery and create more widely shared equity.  The report, Pathways to Economic Resiliency, is a product of LAEDC’s Institute for Applied Economics which is committed to LAEDC’s vision of a growing, equitable, environmentally sustainable and resilient economy, that provides a healthy and high standard of living for all in LA County.

THIS IS ONE OF THREE FILES.  Please note the following files are available:

Executive Summary, Main Report, Appendix

Please see the full announcement and explanation of this work at: https://laedc.org/2021/02/09/pathways-report/ 

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Pathways to Economic Resiliency LA County: APPENDIX (part 3)

Pathways to Economic Resiliency LA County: APPENDIX (part 3)

County of Los Angeles has released a report prepared by LAEDC, with data and analysis of the economic crisis caused by COVID-19, and recommendations for steps the public and private sector can take to improve the recovery and create more widely shared equity.  The report, Pathways to Economic Resiliency, is a product of LAEDC’s Institute for Applied Economics which is committed to LAEDC’s vision of a growing, equitable, environmentally sustainable and resilient economy, that provides a healthy and high standard of living for all in LA County.

THIS IS THREE OF THREE FILES.

This Appendix is a data-rich 300-page document, with charts, maps, and a basis for much of the analysis and recommendations in the main report.   This is a great tool for people who want to explore the report more deeply, study its data, and consider additional directions for study.

Please note the following files are available:
Executive Summary, Main Report, Appendix

Please see the full announcement and explanation of this work at: https://laedc.org/2021/02/09/pathways-report/ 

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Propel L.A. Final Report

Propel L.A. Final Report

The economic crisis caused by COVID has revealed a number of stark truths about diminishing economic inclusion and the income divide in LA County, but before recovery planning is complete, it is important to look at the goals our region had set leading up to the crisis, and take stock of how well those strategies worked.

In a new “Final Report” published by LAEDC about the 2016-2020 Strategic Plan for LA County Economic Development, implemented as “Propel L.A.”, the past five years of data were compared to the goals that our region’s communities collaboratively created to drive desired outcomes.  This look at data from 2015-2019 helps us evaluate progress before the economic shock of 2020, which is important context.

View a Highlights Page for a 3-minute read HERE
Essential Workers during COVID-19 in the Los Angeles region (CCW report)

Essential Workers during COVID-19 in the Los Angeles region (CCW report)

This report is the 16th in a series of reports on occupations in Los Angeles County industries, published by LAEDC in partnership with Center for a Competitive Workforce (CCW).

VISIT THE CUSTOM WEBPAGE FOR THIS REPORT:  https://competitiveworkforce.la/essential 

During COVID-19, workers at “essential industries” in Los Angeles County reported for work and kept the economy and society going. This report’s purpose is to inform our community college system, students and job seekers which occupations in frontline industries pay well and will be hiring.  This helps our colleges scale and update programs, and also provides job seekers with good information to choose careers. LAEDC is connecting industry with education for workforce development, which helps economic mobility especially for the diverse student body at our region’s 19 community colleges.  The report:

■ Analyzes the major trends occurring in frontline industries
■ Projects regional employment in target occupations
■ Identifies the jobs that have the brightest future for community college students in the region

Published by LAEDC’s Institute for Applied Economics, as part of our partnership in Center for a Competitive Workforce.

Together for LA: LA's coordinated response to small businesses under COVID-19

Together for LA: LA’s coordinated response to small businesses under COVID-19

This report, Together for LA: First Report on LA’s COVID-19 Small Business Response, by Institute for Sustainable Development (ISD), is being hosted by LAEDC because we are partnering in the Together for LA initiative to save LA County’s small businesses.  The report  describes a coordinated response to the region’s small business challenges in the face of COVID’s health and economic crisis, describes how this response has evolved, identifies key challenges, and provides insights and recommendations from a diverse range of small business owners and leading economic recovery assistance providers in Los Angeles.  While this report mentions LAEDC contributions to the Together for LA partnership, the report itself is a work product of ISD.  More details at TogetherforLA.org

Thanks to Wells Fargo for its generous funding support for this report.

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Industry Clusters of Los Angeles County (2020)

Industry Clusters of Los Angeles County (2020)

LAEDC examines industry clusters in Los Angeles County to understand our regional strengths and weaknesses, and use this insight to build more informed economic development strategies while comparing our performance against that of other regions. This report presents a description of our private sector economy through the lens of clusters and regional competitiveness.

The report provides details on employment, occupations, wages, trends and forecasts in industries such as Aerospace, Entertainment, Trade & Logistics, Hospitality and Tourism, Finance, Fashion, Bioscience and more.

Four Year Colleges and Universities: Addressing the Knowledge Worker Talent Gap in Southern California

Four Year Colleges and Universities: Addressing the Knowledge Worker Talent Gap in Southern California

The report, “Four-Year Colleges and Universities: Addressing the Knowledge Worker Talent Gap in Southern California,” provides information about the region’s future industrial and highly skilled employment concentrations, forecasts important shifts in Southern California’s post-secondary-relevant job markets and identifies trends within key post-secondary occupational categories to help guide the area’s four-year colleges and universities.

Business and education leaders are going to have to work together to ensure that Southern California has the skilled workforce it needs to maintain its global reputation as the home of innovative business and technology leaders, according to a report recently released by the Los Angeles County Economic Development Corporation (LAEDC) and California State University, Northridge.

WTCLA 2020 Foreign Direct Investment (FDI) Report

WTCLA 2020 Foreign Direct Investment (FDI) Report

On May 26, 2020, the World Trade Center Los Angeles (WTCLA) released the report Foreign Direct Investment in California, 2020, assessing the positive employment impact of foreign-owned enterprises in the state and its various regions. The report was created in partnership with the California Governor’s Office of Economic Development and Loyola Marymount University’s Center for International Business. Over 730,000 direct jobs in California are at foreign-owned firms, according the report, underscoring how important FDI and international connections are to the state’s economy.