Based on the second quarter of 2016, Los Angeles currently accounts for 15.9 percent of the nation’s quarterly VC funding, placing it 2nd in the country, behind San Francisco and ahead of Silicon Valley.
The US as a whole saw a steep rise in VC funding; on the surface it… Read More
Los Angeles unemployment reached 4.3 percent in May, the lowest level in 10 years, signaling full employment. The region’s economic recovery typically lags the state and the nation, but now boasts the lowest unemployment rate.
How much further can the LA economy grow? The Los Angeles Economic Development Corporation… Read More
Do you think employee happiness is just a nice to have? Think again. Employees are a company’s most important asset, and happy employees just might mean higher profits. This USA Today article uncovered that publicly traded companies in the Fortune 100 Best Companies to Work For list have gained an average 10.8% a year since 1998. Many of the publicly traded companies named as Best Companies to Work For in 2013… Read More
Between May 2015 and May 2016, Los Angeles County nonfarm employment increased by 101,000 or 2.4 percent.
Educational and health services led the year-over gains adding 37,200 jobs. More than three-quarters of the employment expansion was concentrated in health care and social assistance (up 28,300). Educational services contributed 8,900 jobs to the
Los Angeles has been transforming into an increasingly unaffordable city as home prices and rents have continued to rise and the housing supply has not been able to keep up with demand.
One solution is to build more housing, and since 2015 the City of Los Angeles has seen over 300 building permit requests for new apartment building construction with a potential for almost 11,000* new residential units.
Between April 2015 and April 2016, Los Angeles County nonfarm employment increased
by 106,800 or 2.5 percent.
Educational and health services registered the largest year-over expansion with an addition of 37,900 jobs. Health care and social assistance added 28,800 jobs to account for three fourths of the increase. Educational services accounted for
Downtown vacancy has decreased to 16.6 percent from 19.1 percent since 2013, driven by robust tenant migration, countervailing light demand from existing legal and financial services tenants, which continue to seek efficiency and have been cautious to take on additional space.
Downtown’s expanding residential, retail and entertainment base has helped attract companies from outside the CBD, including creative tenants.
Tenant migration will drive Downtown’s evolution by broadening the tenant base across sectors and… Read More
Based on the first quarter of 2016, Los Angeles’ venture capital funding totaled $259.2M and accounted for 3.5% of the total funding in the U.S. While funding has slowed slightly this quarter, the same is happening around the county.
We may be in later stages of the cycle, but there will be no bursting bubble thanks to diversification.
Investors are still optimistic, there is plenty of innovation occurring, and tech is expanding into