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.
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.
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:
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.
LAEDC conducted research on the impact of Metro’s Measure R projects.
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 (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.
The Next Decade: Industries and Occupations for the Los Angeles Workforce
Los Angeles County Supervisorial Districts 1
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