Public Outlays, Local Jobs
November 1, 2006 / By Patrick Burns / the Ad Hoc Committee on Gang Violence and Youth Development, the Housing Community and Economic Development Committee of the Los Angeles City Council
We estimate that $1.1 billion in economic impacts generated by city purchases occur outside of Los Angeles County. There are opportunities to implement import substitution strategies to increase Los Angeles’ share of beneficial economic impacts from city purchases. Import substitution strategies will be most beneficial if they help build growth momentum for industries that are beneficial to Los Angeles.