The “creative economy” is the second largest business sector in Los Angeles County (after Tourism and Hospitality) according to the 2010 Otis Report on the Creative Economy of the Los Angeles Region, the annual report commissioned by Otis College of Art and Design from the Los Angeles County Economic Development Corporation (LAEDC). The new data show that the arts, design and entertainment industries together produce 835,000 in direct and indirect jobs for the Los Angeles region (including Orange County).
In addition, $127 billion in sales revenues and over $4.6 billion in state and local taxes were generated by art and design-oriented businesses found in the following industries: Entertainment, Toy, Digital Media, Fashion, Furniture and Home Furnishings, Architecture and Interior Design, Art Galleries, Product and Industrial Design, Communication Arts, as well as Visual and Performing Arts.
Other findings in the report include employment growth among the visual and performing arts industries. Employment is expected to grow most rapidly—by 9% or so—among independent artists, writers and actors and their agents and managers.
