As Los Angeles County’s principal economic development organization, the Los Angeles County Economic Development Corporation (LAEDC) produces an annual forecast to assess and predict key national, state, regional, and local … Continued
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 … Continued
The Los Angeles Basin (comprised of Los Angeles and Orange counties) is one of the two largest markets for collegiate and professional sports in the United States. The partnership between … Continued
This report analyzes the potential economic implications of implementing a healthcare sector minimum wage increase to $25 per hour for covered private healthcare facilities in the City of Baldwin Park.
Women-owned small businesses make up a significant proportion of all firms in t he Los Angeles region with just over 20 percent of all businesses in the Los Angeles region … Continued
This study examines the potential economic implications of implementing a citywide healthcare sector minimum wage increase in the City of Long Beach for private healthcare facilities. Private healthcare facilities are … Continued
The LAEDC’s Institute for Applied Economics (IAE) released a multiregional economic impact analysis of World Energy’s Paramount, Calif. facility. The report describes the economic impact of World Energy’s ongoing operations and … Continued
WTCLA’s annual Foreign Direct Investment Report was published in the June 20th LA Business Journal’s LA’s Top 500 issue. Curious which country has the most foreign owned enterprises, jobs and … Continued
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.
This report was prepared by the Institute for Applied Economics of the LAEDC for the Metropolitan Water District.
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.
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.
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.
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.
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.
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.
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.
LAEDC’s 2021 Economic Forecast report, full length version which released at the end of February 2021. For greater detail and information about the event program, A Tale of Two Recoveries, visit this link: https://laedc.org/2021/02/17/2021-economic-forecast/
Also review an executive summary if a shorter length is desired, HERE.
LAEDC’s 2021 Economic Forecast report. For greater detail and information about the event program, A Tale of Two Recoveries, visit this link: https://laedc.org/2021/02/17/2021-economic-forecast/
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/
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/
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/
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.
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.
