According to an economic analysis released on Tuesday by the organization responsible for the event, LA28, the Los Angeles Olympics could bring in up to$ 40. 6 billion to the Los Angeles economy and create 224, 000 jobs there.
According to the study, which was funded by the Los Angeles County Economic Development Corporation ( LAEDC ), the Institute of Applied Economics estimated the JJ's planning, preparation, and organization. OO. Between$ 20, 500, and$ 40. 6 billion in economic activity are expected to be produced by them.
Additionally, according to the report, the occasion may provide "between 126, 000 and 224, 000 work in the Los Angeles urban area. "
Even from a liberal perspective, the scope and magnitude of financial activity linked to the 2028 Games are substantial, according to LAEDC president and CEO Stephen Cheung.
The JJ. OO. Around 2 million visitors are expected to visit Los Angeles County in 2028, which will generate between$ 1, 600 and$ 4, 3 billion in tourist spending.
This review examined five main sources of economic activity, including transportation and security costs, capital expenditures, non-resident customers ' funds, and contributions from independent funded partners.
The Los Angeles metropolitan area “has a significant supplier capacity in various sectors needed for the Games, including event production, professional services, transportation, hospitality, entertainment, marketing, creative services, technology and construction.”
This is why LA28 recommended giving small businesses a portion of its finances, while giving the rest 25 % to small businesses, as they" will contribute to transforming the state's supplier capacity into local economic opportunities," the text further states.
The city's decision to not contribute any money to the development of its headquarters "has facilitated the focus on the investment in infrastructure designed to serve spectators, residents, and," sentence.
