NewWorlds Tag

California Creative Economy For many years, Los Angeles has been the powerhouse behind California’s creative economy with its expansive movie studios, TV production facilities, architectural firms and fashion firms accounting for 15 percent of the state’s economy. California’s creative economy took a couple of steps back throughout the pandemic, nevertheless it quickly recuperated by adopting latest technology. In 2021, this statewide sector directly generated nearly $507.4 billion in revenue and produced 7.6 percent of California’s jobs, in keeping with the most recent annual “Creative Economy” report presented Friday in downtown Los Angeles by the Otis College of Art and Design. This was the sixteenth 12 months that Otis College’s “Creative Economy” report calculated what effect creativity has on the state. Newly elected Los...