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At Google's new YouTube LA space nearby, Otis released its annual report on the creative economy of the Los Angeles region. This is the sixth year that Otis has commissioned the report from the LAEDC (L.A. Economic Development Corporation), to present data that demonstrates the viability of this sector, the fourth largest in the region. As President Hoi explained, Google's YouTube Space LA, which opened last week, was the perfect venue for this event, embodying a "bold new type of industry space where a global firm works with local creative partners."
President Hoi remarked that "We must invest - proactively invest - in the creative economy to assure our region's future." He spoke of investments in people and place, and the necessity for coalitions. More than 200 entrepreneurs along with leaders of business, philanthropy, education, and non-profit arts organizations attended the event, and participated in discussions about possible initiatives for collaboration.
President Hoi canvassing the responses from participants
Google's YouTube LA Space, Playa Vista