Tuesday, November 13, 2007

Hollywood Writers Strike Threatens to Hit Small Businesses Hardest

Not only are many of you missing your favorite television programs this season, but many small business owners are being hit by the strike. Anyone that works on these shows as an independent contractor and owns a small business with less than 10 peoples is really feeling the hit. Places that work on costurmes, computer engineers supplying equipement like HDMI cables, as well as make up and prop designers.

Jack Kyser, chief economist for the Los Angeles County Economic Development Corporation, said that 84 percent of the companies in the Los Angeles TV and movie production industry are small businesses that employ less than 10 workers.

"Prop houses and companies that are doing costumes are starting to consider laying people off," Kyser said. "And then there's the ripple impact on restaurants, coffee houses, and other businesses in these areas." more

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