In June, the staff of California's Senate Governance and Finance Committee issued an analysis of the LAEDC
and UCLA reports that determined the incentive has a return closer to breakeven, and that in many years, the return may be well under $1, resulting in a net decline in state revenues.
Currently, the LAEDC
Consulting Practice has a director, a senior economist, a public policy expert, and an administrative assistant.
And the market is fertile ground, said Jack Kyser, chief economist for the LAEDC
Still, the spokesman for the LAEDC
cautions that the positive trends do not reflect a less competitive playing field for retailers.
In order to do this, LAEDC
might choose to reincorporate as a for-profit company.
says that Los Angeles is the largest manufacturing center in the United States, led by such sectors as apparel, fabricated metals, food products and aerospace.
research, the Academy Awards are estimated to produce a $200 million net economic impact, and of that figure, $2.
This builds on the vibrant technological research capabilities of the county, the LAEDC
asserts, adding that creativity is another key driver of the local economy, with video games and films showing the fusion of creativity and technology.