The final 2016-2020 L.A. County Strategic Plan for Economic Development has been released and is now available. Public input was critical to the plan’s development. During 2015, the LAEDC engaged and elicited … Continued
The report includes a look at the housing recovery. The report is provided free 9/30/15 as part of our non-profit mission at Los Angeles County Economic Development Corporation. Support our … Continued
The LAEDC’s Institute for Applied Economics (IAE) has published a study titled The Oil and Gas Industry in California: Its Economic Contribution and Workforce.
California’s O&G industry continues to be a significant driver of the state economy, supporting 456,000 direct, indirect and induced jobs with $38 billion in overall labor income, and accounting for 3.4 percent of the state GDP. The industry also generates more than $21 billion in state and local tax revenues and provides high-paying jobs for workers across the educational attainment spectrum.
The report was commissioned by the Western States Petroleum Association.
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.
The LAEDC’s Kyser Center for Economic Research has released a new report, Growing Together: Taiwan and Los Angeles County. The report explores and analyzes the trade and investment ties between … Continued
LAEDC and its Kyser Center for Economic Research today published the 2015-2016 International Trade Outlook. The report analyzes the Southern California and national “Trade and Goods Movement” industry, related infrastructure projects, and … Continued
LAEDC was commissioned to study the economic impact of an NFL Stadium in City of Carson. Please click here for a copy of report.
The LAEDC Institute for Applied Economics has released a report detailing the economic impact of the public relations industry in Los Angeles County.
Find the press release HERE
The LAEDC Institute for Applied Economics has published a study on occupations and economic impact of the hospitality and tourism industry in L.A. County, the first in a series of … Continued
LAEDC’s Kyser Center for Economic Research has published the Economic Forecast, for L.A. County, SoCal, and the broader U.S., for 2015-2016 The report is provided free as part of our … Continued
The LAEDC Institute for Applied Economics has published High Tech in LA, our first report to examine the high tech economy in Los Angeles. The report quantifies employment and payroll earnings … Continued
This report provides analysis of jobs saved and ROI of the Layoff Aversion work performed by LAEDC for the City of Los Angeles Workforce Investment Board (WIB), for the Fiscal Year 2014. It … Continued
The Institute for Applied Economics at LAEDC has published the following report, detailing the economic impact of the Union Station Master Plan in downtown Los Angeles.
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.
By all measures, Los Angeles County is large. It is the most populous county in the nation, with 10 million residents in a land area of over 4,000 square miles. It is home to a diverse and dynamic workforce of almost 4 million, producing a gross regional product estimated to be $544 billion—larger than Switzerland, Saudi Arabia or Taiwan.
As the second decade of the 21st Century unfolds, we face challenges in preparing an educated and skilled workforce that is able to compete in the global marketplace, in allocating sufficient resources to maintain or deliver critically-needed infrastructure projects under strained budgets, in fostering a climate of technological innovation and product development, and in pursuing sustainable growth in the face of economic realities.
To sharpen our knowledge and better focus and tailor our policy and economic development efforts, we look towards new research in how industries compete, succeed and prosper, and new methods that will allow comparison of our performance against that of other regions.
Professor Michael E. Porter’s enduring work on the competitiveness of businesses and more recently of
regions brings into focus how economic prosperity can be driven. Through ground-breaking work done at the
Institute for Strategy and Competitiveness at Harvard Business School, and supported by the Economic
Development Administration of the U.S. Department of Commerce, Professor Porter’s Cluster Mapping Project has defined industry clusters based on locational correlation of employment.
The LAEDC’s Institute for Applied Economics has completed research on the California and Los Angeles regional manufacturing sector, commissioned by CMTC (California Manufacturing Technology Consulting). In spite of a long-term … Continued
LAEDC has released its new report, Growing Together: China and LA County At the International Trade Outlook event on June 5th, 2014, the LAEDC released its new report detailing trade, … Continued
The Institute for Applied Economics at LAEDC has published this research report, entitled Oil and Gas in California: Workforce Needs Assessment
The Western States Petroleum Association (WSPA) commissioned the Los Angeles County Economic Development Corporation (LAEDC) to study the economic contribution of the oil and gas industry in California for the year of 2012. This report, published in April 2014, is one of the many objective, custom economic reports that are produced by LAEDC’s Economic and Policy Analysis team. The report describes the economic impact of oil and gas industry operations in their entirely for the state of California, and estimates that the industry generated more than $220 billion in direct economic activity, contributing 5.4 percent of the state’s GDP, and supported 468,000 jobs in 2012, or 2.3 percent of California’s employment. Additionally, the petroleum industry generated $21.6 billion in state and local tax revenues and $14.7 billion in sales and excise taxes.
