Growing Together: China and Los Angeles County (2014)
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
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Empowering Manufacturers Webinar
Quarterly Economic Briefing Webinar: September 11, 2023
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Pure Water Southern California Economic Impact
California Film and Television Tax Credit Program 2.0
2022 United Kingdom Foreign Direct Investment in California- More Webinars & Presentations »
Recent Reports
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Oil and Gas in California: Workforce Needs Assessment
The Institute for Applied Economics at LAEDC has published this research report, entitled Oil and Gas in California: Workforce Needs Assessment
Oil and Gas in California: The Industry and Its Economic Contribution in 2012
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.
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
San Gabriel Valley: Industry and Employment Overview
LAEDC’s Institute of Applied Economics published this report on San Gabriel Valley industry employment and competitiveness in February of 2014. (The Institute was previously LAEDC’s Economic and Policy Analysis Group)
The Path Forward: Economic and Workforce Intelligence for Northeast Los Angeles
The LAEDC’s Economic and Policy Analysis Group just released a report titled The Path Forward: Economic and Workforce Intelligence for Northeast Los Angeles. This report studies the composition of the existing industry and the residential population, the juxtaposition of residential and industrial areas surrounding the Los Angeles River in the communities of Atwater Village, Cypress Park, Elysian Valley, Glassell Park and Lincoln Park within the study area, and to identify target industries for business and workforce development. This analysis will be used to build a comprehensive community economic development strategy for the Northeast Los Angeles district and to aid outreach efforts in the implementation of these efforts.
Industry and Labor Market Intelligence for the City of Los Angeles
In order to develop an informed strategy for the focus and delivery of its services, the City of Los Angeles Workforce Investment Board (WIB) commissioned the Economic and Policy Analysis Group (EPAG) of the Los Angeles Economic Development Corporation (LAEDC) to produce a report titled Industry and Labor Market Intelligence for the City of Los Angeles, gathering labor market and industry intelligence in support of the WIB’s strategic planning efforts.
This study examines the demographic and economic characteristics of the City of Los Angeles, and is presented in three parts: Demographic Overview, Labor Market Analysis, and Occupational Analysis.
Download a copy of the full report here.
Detailed tables on industry employment and occupations (citywide) can be downloaded here.
Profiles for individual City Council Districts can be downloaded here.
Profiles for individual planning areas can be downloaded here.
Land use profiles by Council Districts can be downloaded here.
Los Angeles City Workforce Investment Board: Layoff Aversion Program FY 2013
The LAEDC just released its FY 2013 Economic Impact Analysis of its Layoff Aversion Program. A Layoff Aversion Program for the Los Angeles City Workforce Investment Board (WIB) has been implemented … Continued
Industry Clusters of Southern California in 2011
The six counties of Southern California including Los Angeles, Orange, San Bernardino, Riverside, Ventura and Imperial encompass 191 cities and more than 18 million residents in an area of more than 38,000 square
miles. This large geographic area is home to a wide breadth of industry and economic activity.
LA City Council Profiles
The LAEDC’s Economic and Policy Analysis Group has released a series of Los Angeles City Council profiles detailing educational attainment, poverty, occupational employment, and industry sectors for each council district. This report is part of the Industry and Market Intelligence for the City of Los Angeles report.
Industry and Labor Market Intelligence for Los Angeles County
This study examines the demographic and economic characteristics of Los Angeles County, providing a labor market analysis, which examines the regional supply and demand for labor and identifies target industries, along with an occupational analysis that covers the current occupational makeup of the region and occupational projections for the next five years, and is presented in three parts:
- Demographic Overview
- Labor Market Analysis
- Occupational Analysis
LACMA Transformation: Economic Impact Report from LAEDC
The Los Angeles County Museum of Art (LACMA) commissioned a Los Angeles County Economic Development Corporation (LAEDC) report to study the economic impact of LACMA’s Transformation project, 2007–2013. The report, which describes the economic impact of the construction of the project’s new galleries, public art installations, and other museum facilities, estimates that the Transformation generated economic output in Los Angeles County of more than $477 million, and supported 3,650 jobs with a labor income of $230.2 million. The economic activity is estimated to have generated almost $22 million in state and local taxes and $41.7 million in federal taxes. Further, the annual economic impact from increased attendance and visibility since completion of the project has added $44.1 million, yielding $88.3 million in economic output in Los Angeles County, and 700 additional jobs with an annual labor income of more than $35 million.
The report covers two phases of LACMA’s Transformation. Phase I, completed in 2008, included the Broad Contemporary Art Museum (BCAM), the BP Grand Entrance, and outdoor artworks including Chris Burden’s Urban Light and a palm garden by Robert Irwin. Phase II was completed between 2010 and 2012, and included the Lynda and Stewart Resnick Exhibition Pavilion, a new restaurant and bar, and the installation of Michael Heizer’s Levitated Mass. All together, the Transformation resulted in the doubling of LACMA’s campus, exhibition program, and attendance. A third phase, which will address the east side of the campus, is still in the planning stages.
Construction impact of Metro’s Measure R Projects – Update 2012
LAEDC conducted research on the impact of Metro’s Measure R projects.
Electric Vehicles: The Market and Its Future Workforce Needs
New emissions regulations and advances in technology have led to the emergence of hybrid and electric vehicles. There are three classifications of electric vehicles: hybrid-electric vehicles (HEV), which have a smaller combustion engine that is supplemented by the energy stored in the battery; plug-in hybrid electric vehicles (PHEV), which have an electric motor in addition to an internal combustion engine; and all-electric
vehicles (EV), which have only an electric motor. Plug-in electric vehicle refers to both PHEVs and EVs.
While most individuals understand that HEVs and PEVs are more beneficial to the environment from the reduced consumption of fossil fuel and little to no emissions, widespread adoption has been slow in coming due to several negative perceptions held by potential customers. Successful wide-spread adoption depends upon effectively addressing each concern.
Los Angeles International Airport In 2011
Los Angeles International Airport (LAX), located at the western edge of the city where the land meets the Pacific Ocean, is the sixth-busiest airport in the world, with 61 million passengers moving in and out of the
airport on 265,000 flights during the 2011 fiscal year. More than 1.9 million tons of air freight and mail was carried.
This activity and other on- and off-airport operations contributes to the local and regional economy by generating business revenues for firms providing passenger and aviation service and all supporting services, and by providing employment for thousands of workers. All this activity, in turn, generates tax revenue for state and local governments.
