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Otis College Report Tracks The Creative Economy

Rise of the Creative Class,” economist Richard Florida argued that the United States had transitioned out of its prior manufacturing -and services-based economies to an economy fueled by innovation.

A certain brand of smart phone may be assembled overseas, but it’s the company’s programmers, designers and its leadership and support staffers in California who reap nearly all of the product’s economic benefits and, in turn, stimulate the local economy as they spend.

If this new “creative economy” has a capital city, Los Angeles is a top contender, a study released this month by the Otis College of Art and Design in Westchester concludes.

This creative economy, namely #SiliconBeach, is to be thanked for our skyrocketing home prices here in Westchester. As a homeowner, thank you #SiliconBeach! And thank you to Westchester resident Otis College for “The 2013 Otis Report on the Creative Economy,” commissioned by Otis and written by the Los Angeles County Economic Development Corp.’s Kyser Center for Economic Research.

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About Tracy Thrower Conyers

Tracy Thrower Conyers is a long-time resident of Westchester 90045. Tracy closely follows local politics, political players and social chatter relevant to Westchester. As a mom with a school-aged child, Tracy is keenly aware of the importance of the educational choices we make for our kids, and spends a lot of time following local schools. She's active in California's charter school movement, and pays extra attention to special needs education choices and resources. Tracy is also a founding principal in Silicon Beach Properties. Tracy is a recognized expert on Silicon Beach and its impact on residential and residential income real estate, and has been featured by respected media outlets including the LA Times, KPCC and KCET. Tracy's primary focus and expertise includes buying and selling homes and residential income properties in Venice, Marina del Rey, Mar Vista, Playa Vista, Playa del Rey and Westchester. Find more on Tracy and Silicon Beach Properties on sb.p's website. Connect other places online with Tracy: LinkedIn, Twitter, Facebook, Google Plus, Pinterest.

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