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California Film and Television Tax Credit Program: An Economic Impact Study (2014)

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
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San Gabriel Valley: Industry and Employment Overview

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 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.

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Industry and Labor Market Intelligence for the City of Los Angeles

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.

 

 

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Industry Clusters of Southern California in 2011

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.

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Industry and Labor Market Intelligence for Los Angeles County

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
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LACMA Transformation: Economic Impact Report from LAEDC

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.

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Electric Vehicles: The Market and Its Future Workforce Needs

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.

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Los Angeles International Airport In 2011

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.

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