This report, prepared by Beacon Economics at the direction of L.A. Controller Ron Galperin, assesses changes in the City of Los Angeles’ economy over the past 10 years and considers how these changes shape the City’s economic outlook.
As detailed in the report, measures to contain COVID-19 have led to a significant downturn in the City, but the broader long-term trends underlying the City’s economy should remain in place. Industries that had strong growth leading into the current slowdown should continue to grow once the crisis subsides.
Identified are growing and shrinking industries in the City and how the changing economy is reflected in some neighborhoods. Further analyzed is the intersection between land use and economic development with recommendations for how the City can best nurture and foster the growth of emerging industries.
Read the report for in depth analysis and findings.