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L.A. Tech Is Set to Soar — Unless the Housing Crisis Continues

L.A. Tech Is Set to Soar — Unless the Housing Crisis Continues

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What does the future of L.A. look like? A local nonprofit says we should expect increased opportunities in the tech and service sectors, but it also points to a growing problem that could make retaining talent difficult. Senior reporter Tami Abdollah looks at the new recruits to Snap's accelerator program. Frontline and PBS take on Jeff Bezos, and L.A. is well-represented atop Inc. Mag's listing of the fastest-growing businesses in the Golden State.

Los Angeles County should see a 4.3% unemployment rate this year, according to a new report by the Los Angeles Economic Development Corp. (LAEDC). The number of Angelenos expected to secure new jobs this year could hit 50,000. The nonprofit is urging county leaders to focus on encouraging the tech growth that has already changed so much of the city's industries — from automating HR departments to transforming how television is made. But the report also had a warning about what could reverse the upward trend: A lack of housing. Read more >>

A digital community for blue-collar workers, a media platform for Black millennial entrepreneurs and a one-tap short-form film-making app. These are a few of the startups that won a place in Snap Inc.'s "Yellow" accelerator program, announced on Wednesday. The companies come from all over the world: Lithuania, South Korea, London, Mexico, as well as Los Angeles. Read more >>

"Once you start connecting the dots, you see that Amazon is building all of the invisible infrastructures for our futures."

The highly-anticipated PBS Frontline documentary about Amazon's historic 25-year ascension aired Tuesday evening. The two-hour episode, Amazon Empire: The Rise and Reign of Jeff Bezos, resulted from a year-long examination of the company's impact on society. The documentary serves as a reminder of Amazon's influence, spanning retail, cloud computing, digital media, advertising, logistics, and perhaps much more in the future, based on its current trajectory. Read more >>

Inc. magazine released its first annual ranking of the fastest-growing businesses in California. The fastest-growing private companies — representing cities from San Diego to Sacramento — saw their combined total revenues climb 168% to a collective $5.5 billion between 2016 and 2018. And they also added 26,000 jobs to California payrolls. Read more >>