Jack Kyser addresses businesses in keynote speech at the Hilton Glendale.GLENDALE -- As long as creativity is the power that drives the region's economy, Glendale and Burbank should continue to enjoy strong economies. The challenge is to ensure the region has enough trained workers and affordable housing while finding the right balance between retail and manufacturing.
Jack Kyser, chief economist of the Los Angeles County Economic Development Corp., brought that message to local business and city leaders during his keynote address at the Verdugo Workforce Investment Board's Business and Economic Forecast and Workforce Summit at the Hilton Glendale on Thursday.
"You may think our No. 1 industry is entertainment," Kyser said. "But creativity is our No. 1 industry."
That creativity has driven up personal income and housing costs, and though the area has lost manufacturing jobs the amount of products manufactured is up due to higher workforce productivity, Kyser said.