1、December 2023Rewriting the script:LAs opportunity to build a faster-growing,more inclusive economyLA County is a global cultural capital,with the largest economy in the United States.Yet bold action may be needed to drive inclusive growth in the next decade.By Ashwin Adarkar,Tolian Gjika,Jonathan La

2、w,Tim Ward,Lola Woetzel,and Yenli Wong.Copyright 2023 McKinsey&Company.All rights reserved.This publication is not intended to be used as the basis for trading in the shares of any company or for undertaking any other complex or significant financial transaction without consulting appropriate profes

3、sional advisers.No part of this publication may be copied or redistributed in any form without the prior written consent of McKinsey&Company.iiRewriting the script:LAs opportunity to build a faster-growing,more inclusive economyContentsIntroductionChallenge 1:The business environmentindustry shifts

4、and the difficulty of doing business in LAChallenge 2:Talent supply gaps and evolving skills needsChallenge 3:Access to affordable housing,convenient transportation,and high-speed broadband LAs blockbuster sequel:A new era of economic growth for all by promoting innovation,enabling the regions consi

5、derable talent,and improving affordabilityA call to action1310162027iiiRewriting the script:LAs opportunity to build a faster-growing,more inclusive economyLos Angeles County has the largest economy in the United Statesone of the largest in the world,in factand over the past three decades demonstrat

6、ed strong productivity growth relative to the rest of the country(Exhibit 1).It is home to diverse,talented Angelenos,fast-growing industries with strong specialization,and imagination and creativity that fuels innovation across its economy.With this combination of“uniquely LA”assets,the county has