#19STRONG Economic Impact
Los Angeles Subregional Profiles
Summary Report
The Los Angeles Center of Excellence (COE) created six subregional profiles analyzing demographic, labor market, and postsecondary supply data. Each subregional profile was created to:
- Identify labor market opportunities unique to each subregion
- Facilitate alignment between labor market needs and CE training
- Inform strategic planning efforts and investments by local community colleges
- Support the annual updating process of the Strong Workforce Program (SWP) Regional Plan
LARC Economic Impact Study
LOS ANGELES COUNTY’S COMMUNITY COLLEGES (LA’s Community Colleges) create value in many ways. The colleges play a key role in helping students increase their employability and achieve their individual potential. The colleges draw students to the county, generating new dollars and opportunities for Los Angeles County. The colleges provide students with the education, training, and skills they need to have fulfilling and prosperous careers. Furthermore, the colleges are places for students to meet new people, increase their self-confidence, and promote their overall health and well-being.
LA’s Community Colleges influence both the lives of students and the county economy. The colleges support a variety of industries in Los Angeles County, serve county businesses, and benefit society as a whole in California from an expanded economy and improved quality of life. Additionally, the benefits created by LA’s Community Colleges extend to the state and local government through increased tax revenues and public sector savings.
This study measures the economic impacts created by LA’s Community Colleges on the business community and the benefits the colleges generate in return for the investments made by their key stakeholder groups—students, taxpayers, and society.
Centers of Excellence for Labor Market Research (COE)
The regional Centers of Excellence for Labor Market Research (COE) are the leading source of regional workforce information and insight for California Community Colleges. As a grant-funded technical assistance provider, the COE works with colleges, regions and the sector networks to identify opportunities and trends in high growth, emerging, and economically critical industries and occupations, analyze the gap between labor market demand, available training, and existing or future workers, and help regions respond to workforce needs by providing quality information for decision-making.
UCLA Anderson School of Management
- LA County Quarterly Forecast 2022 Q2
- LA County Quarterly Forecast 2022 Q3
- LA County Quarterly Forecast 2022 Q4
- March 2023 Forecast Report
- LA County Quarterly Forecast 2023 Q1
- LA County Quarterly Forecast 2023 Q2
- LA County Quarterly Forecast 2023 Q3
- LA County Quarterly Forecast 2023 Q4
- LA County Quarterly Forecast 2024 Q1
- LA County Quarterly Forecast 2024 Q2