The Power of Procurement
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
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Policy Analysis
IAE assesses policy initiatives in the context of economic impacts. This includes relevant literature reviews, technical analysis, and metrics to measure and evaluate policy effectiveness.
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Reducing Supply from California Refineries: Industries at Risk
The LAEDC Institute for Applied Economics has published a study titled, Reducing Supply from California Refineries: Industries at Risk.
A wide variety of California’s industries are highly dependent on petroleum products, from agriculture (using fertilizers) to transportation (using fuels) to our pharmaceutical industry (dependent on chemical products) to a myriad of manufacturing industries (such as furniture, food, plastics, glassware, metals, apparel and machinery). With no viable economical substitute to these inputs, we estimate that industries providing almost 2.4 million jobs statewide and producing more than 14 percent of the state’s GDP are highly vulnerable to cost increases, supply restrictions and competitive pressures from outside the state.
The report was commissioned by the Western States Petroleum Association.
Greening of the Los Angeles Economy
The Greening of the Los Angeles County Economy report, commissioned in 2008 by the U.S. Economic Development Administration and conducted by the LAEDC, examines the Los Angeles region’s $500 billion economy with the goal of evaluating the challenges and opportunities that arise from greening the economy. The focus on Los Angeles County includes an analysis of the region’s overall greening potential to determine those areas where job creation is most promising and where a leadership position by the county business community is immediately visible.
Aimed at recommendations to protect the environment while preserving or improving the economy, the report identifies the potential for Los Angeles-based firms to serve the domestic market for green products and services and examines the possibility of creating new green-oriented industries. The report’s recommendations are categorized into three key areas: green businesses and green jobs, business assistance, and the regulatory environment.
California Film and Television Tax Credit Program: An Economic Impact Study (2014)
Southern California Association of Governments (SCAG) releases analysis of California’s Film and Television Tax Credit Program.
The Southern California Association of Governments (SCAG) released a study, which was conducted by the LAEDC’s Economic & Policy Analysis Group, assessing the impact of California’s Film and Television Tax Credit Program. The study reviews 109 film and television projects that have been allocated credits and completed production (to date) in the first three fiscal years of the program; it assesses the impact of the first three years of allocated funding of California’s Film and Television Tax Credit Program; and it evaluates several alternatives to the current program.
Highlighted economic and fiscal impacts of the California Film and Television Tax Credit Program, described in further detail in the study include:
- For each $1 of tax credit certificate issued, total economic activity in the state increased by $19.12
- For each $1 of tax credit certificate issued, labor income increased by $7.15
- For each $1 of tax credit certificate issued, total Gross State Product increased by $9.48
- For each $1 of tax credit certificate issued, $1.11 was returned to local and state governments
