Businesses across the U.S. panned California’s new consumer-privacy legislation, saying it risked far-reaching damage to everything from retailers’ customer-loyalty programs to data gathering by Silicon Valley tech giants. The bill, which was introduced one week before it was passed and was largely sold as a way to rein in big tech firms, sweeps up a […]
A far-reaching online privacy bill that got next-to-no vetting or legislative debate was signed into law by Gov. Jerry Brown last Thursday – the product of a quickly hammered-out agreement among state legislators, privacy advocates, tech firms and a real estate tycoon whose qualifying of an even more sweeping privacy measure for the November ballot […]
In a major win for the local movie and TV production industries, California has extended the state’s film tax incentive program to 2025, adding five years to the program that has helped stem the tide of runaway productions to states including Georgia, Louisiana and New York. The measure, which was part of Gov. Jerry Brown’s […]
California legislators have moved forward on extending the California Film and Television production tax credit for five years beyond its 2020 expiration. The State Senate unanimously approved Senate Bill 951 by a 37-0 vote on Thursday. The legislation continues the current annual allocation of $330 million in tax credits and extends the sunset of the […]
The creative economy of the Los Angeles region saw significant job growth between 2011 and 2016, with statewide creative employment now exceeding the pre-recession highs observed more than 10 years ago, according to a new study. The annual Otis Report on the Creative Economy, which was released Tuesday, noted that direct employment in the Los […]
Oakland-based Pandora Media said Wednesday that it will cut 5 percent of its workforce and expand its business in Atlanta, because the Southern city is more cost effective than growing the brand in the East Bay.
Pandora’s decision to expand operations in Atlanta feeds speculation about tech companies’ intention to move further away from Silicon Valley (and California generally). Business costs in the area alone have gone up due to the state’s well-established compliance burden, not to mention real estate values. Workers in the tech sector are feeling the pain, too […]
The rise of digital media is powering job growth in the entertainment industry throughout Los Angeles and Orange counties, according to a new report. The digital media industry accounted for 206,880 jobs in the two counties in 2016, a 12% increase since 2006, according to the report by a coalition of industry groups including the […]
Center for a Competitive Workforce (CCW), of which LAEDC is a partner, has published a new report analyzing the Entertainment & Digital Media Industry in the Los Angeles Basin. The report is the first to define the rapidly growing “Digital Media” industry and its occupations in Los Angeles, and it analyzes the overlap with the […]
Brocade is laying off employees at its headquarters even before its $5.9 billion merger with Broadcom closes. One analyst says it’s a sign that Brocade’s presence in San Jose, where it has several thousand employees, could vanish altogether.
A diaspora of tech talent, driven by Silicon Valley’s tumbling job market and sky-high rents, has pushed tech job seekers to some surprising places.
Job search site ZipRecruiter recently analyzed its database of more than 8 million active jobs, and ranked the 20 fastest-growing tech markets based on year-over-year data. Job growth for engineering, software, and IT roles may be losing steam in the Bay Area, but smaller cities are picking up the slack, the company says,
. . . Many of the cities on ZipRecruiter’s list are in the Midwest — Kansas City, Kan., Cincinnati, Ohio, and Indianapolis, Ind. are three standouts. The South also had a strong showing, with Nashville, Tenn. and three cities in Florida (Orlando, Jacksonville, Tampa) all making the cut.
Barrera credits government policies, like tax breaks that attract entrepreneurs and business startups for much of this growth. But the main impetus, she says, is the skyrocketing cost of living in coastal tech hubs like San Francisco and New York.
Once known for casinos and brothels, Reno is now attracting corporations drawn by its low costs, lenient permitting rules and relative proximity to Silicon Valley. Other big corporations that have recently built data centers, factories and distribution centers at the industrial park include Apple Inc., Wal-Mart Stores Inc. and eBay Inc.
Reflecting the popularity of California’s revised film incentive program, location shoots in the Los Angeles area jumped 6.2 percent last year, led by record feature film production, an industry tracker said Tuesday.
“High Times, the magazine that for decades has chronicled the culture and business of marijuana, is moving its operations from New York to Los Angeles, according to reports. The passage of Proposition 64 in November, which legalized the recreational consumption of marijuana in California, would appear to be a factor in the move.”
The largest actors union in Hollywood officially called a strike early Friday morning against several prominent video game companies after the two sides failed to reach an agreement on an increase in compensation for performers who do voice-over and motion-capture work for popular games.