In tandem with the Los Angeles Business Council’s 17th Annual Mayoral Housing, Transportation and Jobs Summit taking place Friday, October 5th, the LABC Institute has released its newest report prepared by the USC Price Center for Social Innovation, entitled The Affordable Housing Crisis in Los Angeles: Impacts to LA’s Fastest Growing Companies.
The report explores how employers in the fastest growing industries are responding to the region’s high cost of living and lack of affordable housing near job centers, and how these trends are impacting employees. The Price Center surveyed eighteen employers representing over 84,000 employees in the following three industries: health care and social services; accommodation and food services; and professional, scientific and technical services. Included in the report are key findings and recommended interventions for employers and public agencies in order to ensure a thriving economic base and workforce in the Los Angeles region.