Los Angeles Economic Development Corporation

“Once Paramount completed the entire relocation of its headquarters and other operations out of California, the state would experience the permanent loss of approximately 28,990 to 57,980 full-time jobs statewide across all industries, and losses of between $10.6 billion and $21.2 billion annually in economic output.”

Los Angeles Economic Development Corporation · said date not stated · reported 2026-09-12

The report outlined long-term economic consequences if Paramount completed its full relocation out of California.

“At a minimum, relocating Paramount’s headquarters and other operations out of California would result in losses of 2,750 and 5,550 job-years in California across all industries and losses of between $1.01 billion and $2.03 billion in economic output between October 1, 2026, and September 30, 2031.”

Los Angeles Economic Development Corporation · said date not stated · reported 2026-09-12

A leaked report from the Los Angeles Economic Development Corporation, published by Politico, outlines the economic impact of Paramount relocating out of California.