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ECONOMIC REPORTLOS ANGELES CITY COUNCIL DISTRICTS

2

3

This publication was prepared by:

Christopher ThornbergFounding Partner

5777 W. Century Boulevard, Ste. 895Los Angeles, California 90045

310.571.3399Chris@BeaconEcon.com

Jordan LevineEconomist and Director of Economic Research

424.646.4652Jordan@BeaconEcon.com

Dustin SchraderSenior Research Associate

Beacon Economics, LLCDustin@BeaconEcon.com

Rafael De AndaResearch Associate

Beacon Economics, LLCRafael@BeaconEcon.com

For further information about this publication, please contact:Victoria Pike Bond

Director of CommunicationsBeacon Economics

415.457.6030Victoria@BeaconEcon.com

Or visit our website at BeaconEcon.com.

LOS ANGELES CITY COUNCIL DISTRICTS

ECONOMIC REPORT

Reproduction of this document or any portion therein is prohibited without the expressed written permission of Beacon Economics. Copyright ©2013 by Beacon Economics LLC.

BEACON

Beacon Economics, LLC is a leading provider of economic research, forecasting, industry analysis,

and data services. By delivering independent, rigorous analysis we give our clients the knowledge

they need to make the right strategic decisions about investment, growth, revenue, and policy.

Learn more at BeaconEcon.com.

ABOUT BEACON ECONOMICS

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Job creation and fostering good government — that continues to be our focus as we bring together Los Angeles’ business and civic leaders for the 2013 ACCESS L.A. City Hall event.

Understanding the economy of Los Angeles is essential to creating new jobs, and with that in mind, the L.A. Area Chamber has once again commissioned the L.A. City Council Districts Economic Report. Response to our first three reports was excellent, and the study quickly became an important tool for City Council members, as well as the business community.

Conducted by the L.A. Area Chamber and Beacon Economics and sponsored by Farmers Insurance Group of Companies, this fourth annual study looks at economic trends by City Council district. The 2013 report compares key economic indicators for each of L.A.’s 15 City Council districts, highlighting annual employment, average wage, tax revenue and building permits over the last year.

Council members have a direct impact on projects within their districts and throughout the City. We look forward to meeting with Council members to determine how this data can be used to move forward on economic development projects in their respective districts and throughout the community.

Creating new jobs requires everyone’s commitment.

Sincerely,Gary ToebbenPresident & CEOLos Angeles Area Chamber of Commerce

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Thank youto our 2013

DiamonD Club members

At&tAutomobile Club of Southern

CaliforniaBank of America

Chevron CorporationCitibank N.A.

Clear Channel outdoor, Inc.JPMorgan Chase Bank, N.A.

Kaiser PermanenteMajestic realty Co.

Microsoft Corporationoccidental Petroleum Corp.

Port of Long Beach

Port of Los Angelesralphs Grocery Company

Siemens CorporationSouthern California Edison

Southern California Gas Company, a Sempra Energy utilitySouthwest Airlines Co.

time Warner Cabletoyota Motor Sales, u.S.A., Inc.

uPSVerizon

the Walt Disney CompanyWells Fargo

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The local L.A. economy continues to improve from the well-documented and disastrous downturn in 2008-09. Yet somehow, after four-years of erratic growth by various measures — employment, wages, construction permits and values, business tax gross receipts and consumer sales included — many Los Angeles businesses and residents continue to struggle. Nevertheless, these economic indicators help paint a picture of just how much the economy has grown in recent years.

} Total employment in the City of L.A. grew by 3.8 percent from 2011-12, the sharpest increase for the City since before 2005. In 2012, there were approximately 1.50 million jobs filled within the City, compared to the 1.39 million jobs at the trough of the recession (2009). Nevertheless, even as the State of California remains one of the leaders nationwide in the employment rebound, job growth in many parts of the City of Los Angeles continues to be slow in coming.

} The average wage in the City of Los Angeles decreased by 2.3 percent from 2011-12, to $57,740. The average wage is affected by the mix of jobs in the City, and the change in average wage is affected by the change in the mix of jobs from a year ago. Employment by sector shows that there was more growth in low-wage employment relative to growth in high-wage employment. Furthermore, the total payroll of all employees in the City increased by 2.2 percent, which is less than the 3.8 percent growth in total employment – another indication that new employees earned lower-than-average wages.

} Based on building permit data, construction activity seems to be gaining steam throughout the City of L.A. On the residential side, the demand has been most prevalent for multi-family units (including apartments and condominiums), as multi-family permits increased from 5,299 units in the FY2011-12 to 6,766 units in FY2012-13, while single-family permits increased from 678 to 852 over the same period. Non-residential permitting also came alive, as permit values grew by more than 20 percent over the year. A stark difference from a year ago, however, is that 19.1 percent of non-residential building permits by value were for alterations in the FY2012-13, compared to

25.9 percent in FY 2011-12. In other words, builders are a bit more confident as new structures represent more certainty in the realm of commercial real estate, while alterations can allude to the contrary.

} Consumer spending had a second encouraging year in FY2012-13, with citywide sales tax receipts up by 4.9 percent, following a 9.0 percent increase a year prior. Business revenues were up in 2012, as well. Gross business tax receipts rose by 3.2 percent, primarily in the health care and professional services sectors.

The following pages summarize trends in each district with accompanying figures highlighting different aspects of the district's economy in recent years. The first figure shows annual employment in the district for the year ending in the third quarter. The second figure plots the average wage in the district over the same time period and shows the citywide average wage for comparison. Average wage is calculated according to the wages of employed workers only, and thus does not reflect overall changes in earnings for workers who become unemployed. Changes may reflect a shift in the mix of jobs in the market, as previously mentioned. The third figure shows the value of building permits by year, broken out into residential and non-residential components. The fourth plots the value of residential construction permits, broken out by new construction and alterations to existing properties. The fifth figure shows the gross annual receipts within each district for the calendar years 2006-2012. The final figure shows the top 10 sectors for gross receipts in 2011, with their 2010 levels for comparison.

SUMMARY

CITYWIDEsales tax receipts up by 4.9%

There were approx. 1.50 MILLION jobs filled within the City in 2012

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DATA SUMMARY

District BoundariesAll selected data was based on new city council boundaries as approved by the Los Angeles City Council in June 2012. Data were geographically coded in order to reflect new district boundaries in all previous years detailed. Los Angeles City Business Tax (Gross Receipts Tax)This data set was prepared by the Office of Finance for the City of L.A. Covered under the City’s business tax ordinance, this privilege tax is designed to produce revenue for the city, not to regulate business operations in any way. All businesses are required to pay the business tax at a rate determined by the type of products and services provided by each company (defined in sections 21.53 to 21.197 in the City’s business tax ordinance), with the exception of organizations formed only for religious or charitable purposes, which are exempt. The City’s Office of Finance collects this tax based upon the businesses gross receipts and type of business. The data reported here include gross receipts from firms that have a physical location inside the City of L.A. Firms that do business in L.A. but do not have a physical location within the city limits are excluded. Gross receipts data are broken down by North American Industry Classification System (NAICS) sector, but often firms do not have a NAICS code and are included in the unclassified sector. These data are excluded from the sectoral breakdown graphics, but often constitute a large share of a district's total. The gross receipts tax holiday for all new businesses in L.A., regardless of size, was extended to three years in August 2010.

Los Angeles City Sales Tax ReceiptsObtained from the Office of Finance for the City of L.A., sales tax receipts are a dollar count of revenue from sales tax in each city council district. The data cover FY2010-13.

Building Permit DataThe Department of Building and Safety for the City of L.A. keeps a database of all building permits granted within the City, both commercial and residential. The database contains permits for new construction as well as permits for alterations to existing structures. The parcel number and/or the address are inputted into geographic information system software to determine the appropriate council district. All of the data in the construction charts has been smoothed using moving averages to reduce the statistical noise and seasonality of the data.

Employment DataDrawn from the Quarterly Census of Employment and Wages (QCEW, formerly the ES-202) this database provides the number of employers, employees, and total payroll for the third quarter of each year (generally the peak employment quarter). The California Employment Development Department’s Labor Market Information Division provided this data for each district. County employment changes are drawn from the employment by industry report, while the unemployment rate data is found in the unemployment and labor force report. Note: prior to 2009, employment data from one large employer was coded as part of District 1 but not in the years that followed. Data in the employment chart for District 1 are reported as coded with the Employment Development Department. Employees that were formerly coded with that employer as part of District 1 were recoded into other districts, in turn increasing total employment in those other districts beginning in 2009.

LOS ANGELES CITY COUNCIL DISTRICTS: 2013 ECONOMIC REPORT

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City of Los Angeles

1,300

1,350

1,400

1,450

1,500

1,550

1,600

1,650

Num

ber o

f Job

s (th

ousa

nds)

2005 2006 2007 2008 2009 2010 2011 2012Source: Employment Development Department

City of Los AngelesTotal Employment

45

48

50

52

55

58

60

Aver

age

Wag

e ($

thou

sand

s)2005 2006 2007 2008 2009 2010 2011 2012

Source: Employment Development Department

City of Los AngelesAverage Annual Wages

0

500

1,000

1,500

2,000

2,500

$ m

illion

s

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Source: Los Angeles City Department of Building and SafetyNote: Fiscal Year 2004-05 to FY2012-13

City of Los AngelesBuilding Permit Values

Residential Non-Residential

0

100

200

300

400

500

Res

iden

tial A

ltera

tions

($ m

illion

s)

0

500

1,000

1,500

2,000

New

Res

iden

tial (

$ m

illion

s)

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

New Residential Residential AlterationsSource: Los Angeles City Department of Building and SafetyNote: Fiscal Year 2004-05 to FY2012-13

City of Los AngelesValue of Residential Building Permits

350

375

400

425

450

475

500

$ m

illion

s

2006 2007 2008 2009 2010 2011 2012Source: City of Los Angeles Office of FinanceNote: Data are for the calendar year

City of Los AngelesGross Annual Receipts

0 20 40 60 80$ millions

Arts & EntertainmentConstruction

Other ServicesAdmin & Waste Services

Wholesale TradeReal EstateRetail Trade

Finance & InsuranceHealth Care

Professional Services

Source: City of Los Angeles Office of FinanceNote: Data are for the calendar year

Top 10 Sectors, City of Los AngelesGross Receipts by Sector

2011 2012

5

CITY OF LOS ANGELES

9

LABOR MARKET AND FIRM DATA

Labor Market and Firm Data

Employment and Firm Statistics, Fiscal Year 2005-06 to FY2012-13

Council Jobs Growth Growth Growth Growth Growth Growth Growth Average Firms AverageDistrict 05-06 06-07 07-08 08-09 09-10 10-11 11-12 Wages Firm Size1 90,011 -1.6 1.2 -6.3 -59.2 25.0 -9.6 16.6 47,772 4,053 222 56,776 1.1 -2.6 -5.4 -3.5 2.3 1.4 6.4 45,829 5,565 103 97,767 -2.3 -1.0 -9.2 -1.7 2.8 1.7 3.9 53,065 8,476 124 93,182 5.4 -0.4 -14.3 -0.8 0.9 3.2 -2.7 54,860 10,304 95 187,328 2.0 -0.8 -3.3 -2.1 -1.3 2.0 3.3 73,155 16,396 116 71,217 1.7 -4.0 -11.5 -3.1 2.2 4.0 3.1 44,630 4,955 147 47,345 2.3 4.1 -5.1 0.5 4.7 1.6 -1.1 50,109 2,709 178 15,421 1.3 1.1 -5.2 -4.5 16.3 0.3 -0.5 31,360 1,386 119 66,276 -5.5 12.9 -3.0 1.3 7.8 -8.6 1.2 49,605 2,640 2510 63,177 1.2 0.8 -4.5 2.2 4.2 0.8 7.5 39,622 5,923 1111 153,097 3.1 3.2 -10.2 -2.5 -0.1 4.5 9.6 61,451 11,190 1412 97,425 0.7 -1.1 -6.8 -0.5 -0.1 3.8 2.4 43,480 6,791 1413 86,436 -0.5 1.6 -0.9 -3.4 4.4 5.0 0.2 51,877 4,828 1814 314,098 1.8 1.0 -1.8 -1.7 1.3 -1.8 3.0 72,869 12,343 2515 56,577 -0.4 -1.9 -6.5 2.7 11.6 -0.7 -0.7 46,648 3,248 17Total 1,496,133 0.9 0.7 -5.9 -7.8 3.3 0.4 3.8 57,740 100,807 15Source: Employment Development Department

Employment Rankings, Fiscal Year 2011-12 and FY2012-13

District Total Jobs Job Growth Average Wage2011 2012 2011 2012 2011 2012

1 8 7 15 1 13 92 13 12 9 4 11 113 6 4 7 5 6 54 4 6 5 15 5 45 2 2 6 6 1 16 9 9 3 7 10 127 14 14 8 14 9 78 15 15 11 12 15 159 10 10 14 10 7 810 11 11 10 3 14 1411 3 3 2 2 4 312 5 5 4 9 12 1313 7 8 1 11 3 614 1 1 13 8 2 215 12 13 12 13 8 10Source: Employment Development Department

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10

BUILDING PERMITS

11

LOCAL RECEIPTS

Local ReceiptsGross Business Receipts

Council Total Top Sector in Each District

District 2011 2012 Change Sector 2011 2012 Share of($ millions) (%) ($ millions) Total (%)

1 10.0 10.7 7.0 Health Care 1.9 1.9 192 12.3 12.9 4.9 Retail Trade 2.1 2.1 173 31.7 31.5 -0.7 Health Care 10.4 9.7 334 28.5 28.1 -1.5 Retail Trade 3.7 4.1 135 67.7 69.5 2.7 Professional Services 18.9 21.5 286 15.0 16.2 7.9 Health Care 2.6 3.1 177 7.4 7.4 -0.3 Health Care 1.3 1.5 188 3.0 3.0 -1.6 Retail Trade 0.9 0.9 289 9.0 12.0 34.4 Professional Services 1.1 4.0 1210 13.5 13.7 1.2 Professional Services 1.8 1.9 1411 38.7 42.1 8.6 Professional Services 9.1 9.6 2412 18.9 19.0 0.4 Health Care 5.1 5.3 2713 16.9 17.9 6.0 Health Care 3.2 3.3 1914 83.6 83.9 0.4 Professional Services 28.8 26.2 3415 12.5 13.3 6.7 Wholesale Trade 2.3 2.6 19Total 423.6 437.3 3.2

Source: City of Los Angeles Office of FinanceGross business receipts are for the calendar year.

Sales Tax Receipts

Council Value ($ millions) Change vs. Prior Year (%)District FY 2010-11 FY 2011-12 FY 2012-13 FY 2011-12 FY 2012-131 14.3 14.9 18.4 3.7 23.72 20.6 22.4 23.1 8.8 3.13 41.7 42.8 44.7 2.7 4.64 33.6 37.2 39.1 10.5 5.25 42.9 46.0 49.3 7.2 7.06 33.9 36.7 37.2 8.3 1.47 24.1 26.2 27.0 8.4 3.28 6.3 6.9 7.3 9.9 6.19 15.5 17.0 17.9 9.2 5.710 14.6 16.1 17.0 10.4 5.511 42.3 50.6 51.9 19.5 2.612 33.5 35.7 36.4 6.6 1.913 19.9 21.6 23.0 8.3 6.514 27.6 30.6 32.0 10.6 4.815 24.5 26.5 27.6 8.1 4.4Total 395.5 431.0 452.0 9.0 4.9

Source: City of Los Angeles Office of Finance

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12

City Council District 1, extending northwest from downtown Los Angeles, has a population of 222,165 people. The centrally located district is crossed by I-5 and Route 101, while the 110 freeway spans the length of the district. The third-smallest City Council district in terms of area, District 1 has more than 4,000 firms that employ roughly 90,000 people.

} Over 2012, employment in District 1 increased by 16.6 percent — the highest percentage among all districts. Unfortunately, employment in the district has demonstrated to be an unstable measure, with a 9.6 percent decline in 2011, preceded by a 25.0 percent increase in 2010. Also, prior to 2009, total employment estimates in the district included a large employer that has been omitted from later Employment Development Department coding.

} The average wage in District 1 for the 2012 year was $47,772. The average wage remains 17 percent below the citywide average of $57,740. Nevertheless, District 1 is catching up — the average wage in the district increased by 7.4 percent, compared to the 1.5 percent decline citywide.

} The sector demonstrating the most job growth in the district over the year was professional, scientific and technical services (34 percent). Meanwhile, the manufacturing sector had the biggest job losses (5.7 percent).

} The value of building permits in District 1 totaled $225.6 million during FY2012-13 —more than a three-fold increase from the previous year.

} The bulk of construction permitting growth came from the other new construction category, yet multi-family housing and new commercial properties certainly witnessed superior growth over the year.

} Gross receipts —a measurement of taxes on corporate revenue in a district — in District 1 increased by 7.0 percent in 2012, on top of the 2.2 percent growth the year before.

} The sectors demonstrating the most ample growth include transportation and warehousing (10.6 percent), educational services (217 percent) and administrative support services (57.6 percent).

} Sales tax receipts — a measurement of consumer spending in a district — grew by 23.7 percent in District 1 in FY2012-13, the highest growth of any district in the City.

GILBERT CEDILLO

DISTRICT 1

3-FOLD INCREASE

IN TRANSPORTATION AND WAREHOUSING SECTORS

in the value of building permitsduring FY2012-13

10.6% GROWTH

IN 2012 EMPLOYMENTINCREASEDBY 16.6%

$

EMPLOYMENT AND FIRM STATISTICS

CONSTRUCTION

GROSS BUSINESS RECEIPTS AND SALES TAx REVENUE

13

District 1: Gilbert Cedillo

50

100

150

200

Num

ber o

f Job

s (th

ousa

nds)

2005 2006 2007 2008 2009 2010 2011 2012Source: Employment Development DepartmentSee Data Summary. Data prior to 2009 include a large employer omitted from later EDD coding

District 1Total Employment

40

45

50

55

60

Aver

age

Wag

e ($

thou

sand

s)

2005 2006 2007 2008 2009 2010 2011 2012

District 1 City of Los AngelesSource: Employment Development Department

District 1Average Annual Wages

0

50

100

150

200

$ m

illion

s

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Source: Los Angeles City Department of Building and SafetyNote: Fiscal Year 2004-05 to FY2012-13

District 1Building Permit Values

Residential Non-Residential

5

10

15

20

Res

iden

tial A

ltera

tions

($ m

illion

s)

20

40

60

80

100

120

New

Res

iden

tial (

$ m

illion

s)

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

New Residential Residential AlterationsSource: Los Angeles City Department of Building and SafetyNote: Fiscal Year 2004-05 to FY2012-13

District 1Value of Residential Building Permits

5

7

9

11

13

15

$ m

illion

s

2006 2007 2008 2009 2010 2011 2012Source: City of Los Angeles Office of FinanceNote: Data are for the calendar year

District 1Gross Annual Receipts

0 500 1,000 1,500 2,000$ thousands

Arts & EntertainmentInformation

Other ServicesAccommodation & Food

Wholesale TradeReal Estate

Admin & Waste ServicesProfessional Services

Retail TradeHealth Care

Source: City of Los Angeles Office of FinanceNote: Data are for the calendar year

Top 10 Sectors, District 1Gross Receipts by Sector

2011 2012

10

GILBERT CEDILLO

DISTRICT 1

14

City Council District 2 in the San Fernando Valley stretches from the hills of Studio City to the edge of Verdugo Mountains Park in Sun Valley. It is also home to the NoHo Arts District, a region brewing with creativity, as well as entertainment production studios along with parks and schools. One of the least densely populated districts due to its large area (approximately 50 square miles), District 2 is home to roughly 5,500 firms and 56,776 jobs. The average wage in the district falls below the average wage for the City as a whole by nearly $12,000 per year.

} Employment in District 2 grew by approximately 6.4 percent in 2012, to 56,776 jobs, the third consecutive year of job growth.

} The average annual wage failed to demonstrate any growth in District 2 over 2012 (0.1 percent), while the citywide average wage declined by approximately 1.5 percent.

} The lion’s share of job growth over the year came from the district’s private education establishments (34 percent). Two other sectors showcased remarkable job growth over the year — retail trade (11.0 percent) and accommodations (8.5 percent).

} Residential building permit values for new structures, at a total of $68.7 million during FY2012-13, were a step-back from the previous year’s total ($327.5 million), due primarily to a spike in multi-family units that year.

} Non-residential planned construction, meanwhile, was cut more than half — from $14.7 million during FY2011-12 to $6.7 million during FY2012-13.

} Gross receipts in District 2 increased for the second consecutive year, up 4.9 percent in 2012 from 2011, on top the 0.8 percent growth from the previous year.

} Gross receipts in the district's largest sector, retail trade, grew by approximately 1.2 percent. The sectors with significant gains include manufacturing (28.3 percent) and professional services (10.1 percent).

} Sales tax receipts rose to $23.1 million during FY2012-13, by 3.1 percent increase over the year on top of the 8.8 percent increase the year before.

PAUL KREKORIAN

DISTRICT 2

EMPLOYMENT AND FIRM STATISTICS

CONSTRUCTION

GROSS BUSINESS RECEIPTS AND SALES TAx REVENUE

EMPLOYMENT grew approx. 6.4% in 2012

RESIDENTIAL PERMITS VALUESTOTAL $68.7 MILLION

GROSS RECEIPTS

increased by 4.9% in 2012

15

District 2: Paul Krekorian

50

52

54

56

58

Num

ber o

f Job

s (th

ousa

nds)

2005 2006 2007 2008 2009 2010 2011 2012Source: Employment Development Department

District 2Total Employment

35

40

45

50

55

60

Aver

age

Wag

e ($

thou

sand

s)

2005 2006 2007 2008 2009 2010 2011 2012

District 2 City of Los AngelesSource: Employment Development Department

District 2Average Annual Wages

0

100

200

300

400

$ m

illion

s

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Source: Los Angeles City Department of Building and SafetyNote: Fiscal Year 2004-05 to FY2012-13

District 2Building Permit Values

Residential Non-Residential

10

15

20

25

30

35

Res

iden

tial A

ltera

tions

($ m

illion

s)

0

100

200

300

400

New

Res

iden

tial (

$ m

illion

s)

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

New Residential Residential AlterationsSource: Los Angeles City Department of Building and SafetyNote: Fiscal Year 2004-05 to FY2012-13

District 2Value of Residential Building Permits

10

12

14

16

18

20

$ m

illion

s

2006 2007 2008 2009 2010 2011 2012Source: City of Los Angeles Office of FinanceNote: Data are for the calendar year

District 2Gross Annual Receipts

0 500 1,000 1,500 2,000$ thousands

Arts & EntertainmentAccommodation & Food

Other ServicesEducational Services

Wholesale TradeHealth Care

Admin & Waste ServicesProfessional Services

Real EstateRetail Trade

Source: City of Los Angeles Office of FinanceNote: Data are for the calendar year

Top 10 Sectors, District 2Gross Receipts by Sector

2011 2012

12

PAUL KREKORIAN

DISTRICT 2

16

} Employment in District 3 grew by approximately 3.9 percent in 2012 to 97,767 jobs, the highest annual growth in the district throughout the economic recovery.

} The average wage in District 3 increased by 3.8 percent over the year to $53,065 in 2012 — one of only five districts to experience average wage growth during the year.

} Health care and social services, the district’s largest sector by employment, added the most jobs over the year (6.9 percent). Also of note, the construction sector is showing signs of life as employment increased for the first time since the housing crash (8.6 percent or 350 new jobs).

} The value of building permits in District 3 declined by 5.3 percent to $264.9 million during FY2012-13.

} Permit values for new commercial structures declined by 75 percent over the year. } Meanwhile, residential planned construction in District 3 had its best year since the

housing crash, due primarily to a three-fold increase in permit valuations for new multi-family units over the year.

} Gross receipts declined in 2012 by 0.2 percent, marking the third consecutive year with receipts below the $32 million mark.

} The majority of the net decrease came from the health care and social services sector (6.5 percent); yet the sector was still, by far, the largest source of receipts in the district. Measured by percentage change, the finance and insurance sector experienced the sharpest decline (23.6 percent).

} Sales tax receipts in District 3 increased by 4.6 percent in FY2012-13, compared to the 2.7 percent increase in FY2011-12. Consumer spending in FY2012-13 in District 3 remains the third highest district in the City of L.A.

City Council District 3, the westernmost district in the City of Los Angeles, is composed of five San Fernando Valley communities: Woodland Hills, Tarzana, Reseda, Winnetka and Canoga Park. District 3 is home to slightly more than 8,400 firms. Average annual wages in the district are $53,000, below the City average of $57,740.

BOB BLUMENFIELD

DISTRICT 3

EMPLOYMENT AND FIRM STATISTICS

CONSTRUCTION

GROSS BUSINESS RECEIPTS AND SALES TAx REVENUE

AVG. WAGE INCREASED BY 3.8%

Consumer Spending was the third highest

RESIDENTIAL PLANNED CONSTRUCTION HAD ITS BEST YEAR SINCE HOUSING CRASH

in the City of Los Angeles in FY2012-13

17

District 3: Bob Blumenfield

85

90

95

100

105

Num

ber o

f Job

s (th

ousa

nds)

2005 2006 2007 2008 2009 2010 2011 2012Source: Employment Development Department

District 3Total Employment

48

50

52

54

56

58

Aver

age

Wag

e ($

thou

sand

s)

2005 2006 2007 2008 2009 2010 2011 2012

District 3 City of Los AngelesSource: Employment Development Department

District 3Average Annual Wages

0

50

100

150

200

250

$ m

illion

s

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Source: Los Angeles City Department of Building and SafetyNote: Fiscal Year 2004-05 to FY2012-13

District 3Building Permit Values

Residential Non-Residential

10

15

20

25

30

Res

iden

tial A

ltera

tions

($ m

illion

s)

50

100

150

200

New

Res

iden

tial (

$ m

illion

s)

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

New Residential Residential AlterationsSource: Los Angeles City Department of Building and SafetyNote: Fiscal Year 2004-05 to FY2012-13

District 3Value of Residential Building Permits

30

32

34

36

38

40

$ m

illion

s

2006 2007 2008 2009 2010 2011 2012Source: City of Los Angeles Office of FinanceNote: Data are for the calendar year

District 3Gross Annual Receipts

0 2,000 4,000 6,000 8,000 10,000$ thousands

Accommodation & FoodOther Services

ConstructionWholesale Trade

Finance & InsuranceAdmin & Waste Services

Real EstateRetail Trade

Professional ServicesHealth Care

Source: City of Los Angeles Office of FinanceNote: Data are for the calendar year

Top 10 Sectors, District 3Gross Receipts by Sector

2011 2012

14

BOB BLUMENFIELD

DISTRICT 3

18

City Council District 4 stretches from Miracle Mile over Mulholland Drive and into North Hollywood, including the expansive Griffith Park to the east and the iconic Hollywood sign. The district employs almost 93,000 people and is home to more than 10,300 firms. Average wages in District 4 are higher than in most of the other districts, at roughly $55,000 per year.

} Employment in District 4 declined by approximately 2.7 percent to 93,182 jobs in 2012. } The majority of employment decline came from the information sector, which declined by 28.9

percent (4,400 jobs). } The average annual wage in the district declined by 4.1 percent over the year, from $57,201 to

$54,860. This figure may not accurately represent the average worker’s wage as it is skewed by job losses in the high-wage information sector.

} Building permit values in District 4 declined by 5.4 percent from $280.0 million in FY2011-12 to $264.9 million in FY2012-13.

} Construction activity seemed to change course in the district, from primarily non-residential construction in FY2011-12 to primarily residential construction in FY2012-13. As such, non-residential permit values declined by $156.9 million over the year, while residential permit values increased by $141.8 million.

} Gross receipts in District 4 declined by 1.5 percent in 2012 to $28.1 million. This was the second-largest decline in the City of Los Angeles.

} The district's largest sector, retail trade, grew by an impressive 10.8 percent in 2012. Yet other large sectors did not fare as well. For example, receipts from health care and social services establishments declined by 20.0 percent, while receipts from finance and insurance establishments declined by 17.7 percent.

} Sales tax receipts in District 4 increased by 5.2 percent to $39.1 million during FY2012-13, slightly below the citywide growth of 4.9 percent.

TOM LABONGE

DISTRICT 4

EMPLOYMENT AND FIRM STATISTICS

CONSTRUCTION

GROSS BUSINESS RECEIPTS AND SALES TAx REVENUE

$54,860 IS AVG. ANNUAL WAGE

Residential building permit values increased by $141.8 million

THE RETAIL TRADE SECTOR GREW BY10.8%

$$$

19

District 4: Tom LaBonge

90

95

100

105

110

Num

ber o

f Job

s (th

ousa

nds)

2005 2006 2007 2008 2009 2010 2011 2012Source: Employment Development Department

District 4Total Employment

48

50

52

54

56

58

Aver

age

Wag

e ($

thou

sand

s)

2005 2006 2007 2008 2009 2010 2011 2012

District 4 City of Los AngelesSource: Employment Development Department

District 4Average Annual Wages

0

50

100

150

200

$ m

illion

s

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Source: Los Angeles City Department of Building and SafetyNote: Fiscal Year 2004-05 to FY2012-13

District 4Building Permit Values

Residential Non-Residential

0

20

40

60

80

Res

iden

tial A

ltera

tions

($ m

illion

s)

0

50

100

150

New

Res

iden

tial (

$ m

illion

s)

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

New Residential Residential AlterationsSource: Los Angeles City Department of Building and SafetyNote: Fiscal Year 2004-05 to FY2012-13

District 4Value of Residential Building Permits

25

27

29

31

33

35

$ m

illion

s

2006 2007 2008 2009 2010 2011 2012Source: City of Los Angeles Office of FinanceNote: Data are for the calendar year

District 4Gross Annual Receipts

0 1,000 2,000 3,000 4,000$ thousands

Accommodation & FoodInformation

Other ServicesFinance & Insurance

Admin & Waste ServicesArts & Entertainment

Health CareReal Estate

Professional ServicesRetail Trade

Source: City of Los Angeles Office of FinanceNote: Data are for the calendar year

Top 10 Sectors, District 4Gross Receipts by Sector

2011 2012

16

TOM LABONGE

DISTRICT 4

20

City Council District 5 comprises the inland communities of west Los Angeles and stretches northward along the 405 into the San Fernando Valley. With approximately 187,000 jobs, District 5 boasts the second highest employment numbers behind District 14. Due in no small part to the legal and business center of Century City, average wages in the district - at slightly more than $73,000 per year - are well above the City average and are the highest in the City.

} Employment in District 5 grew by approximately 3.3 percent in 2012 to 187,328 jobs. } District 5 continues to post the highest average annual wage among districts in the City of

L.A., at $73,155. However, the average wage in District 5 declined by 6.5 percent from $78,257 in 2012.

} The two sectors providing the most new jobs over the year were accommodation and food services (6.5 percent or 1,200 jobs) and retail trade (6.1 percent or 900 jobs). The emergence of these two sectors in the district distorted the district-wide average wage metric, as average wages within these sectors are themselves skewed by the high concentration of part-time employees (wages are calculated using annual payrolls per employee, not worker hours). From an aggregate perspective, total payrolls in the district declined by 3.5 percent over the year, almost half the pace as the average wage.

} Residential planned construction continues to excel in District 5. Residential building permit values for new structures reached $159.9 million in FY2012-13, compared with $60.5 million the previous year. Permit values for single-family homes more than tripled over the year, while permit values for multi-family homes nearly doubled.

} Non-residential building permit values, meanwhile, dipped in FY2012-13. New commercial permit values decreased from $45.1 million in FY2011-12 to $22.2 million in FY2012-13; while non-residential alterations declined by $9.3 million over the same period. Gross receipts in District 5 grew by 2.7 percent in 2012 to $69.5 million, after a 3.2 percent increase in 2011.

} Gross receipts increased from professional and business services establishments, the district's top largest sector by receipts, increased by $2.6 million (13.8 percent) over the year. Yet some of the gains were offset by a faltering finance and insurance sector, which declined by $1.1 million (12.4 percent) over the year.

} On the consumer side, sales tax receipts posted another year of strong growth, at 7 percent, compared to 7.2 percent in FY2011-12. The rate of growth in FY2012-13 was second to only district 1 among districts in the City of L.A.

PAUL KORETz

DISTRICT 5

EMPLOYMENT AND FIRM STATISTICS

CONSTRUCTION

GROSS BUSINESS RECEIPTS AND SALES TAx REVENUE

HIGHEST AVG.ANNUAL WAGE

Permit values for single-family homes tripled over the year

Gross receipts INCREASED by 2.7% in 2012

$73,155$$$$

21

District 5: Paul Koretz

175

180

185

190

195

Num

ber o

f Job

s (th

ousa

nds)

2005 2006 2007 2008 2009 2010 2011 2012Source: Employment Development Department

District 5Total Employment

50

60

70

80

Aver

age

Wag

e ($

thou

sand

s)

2005 2006 2007 2008 2009 2010 2011 2012

District 5 City of Los AngelesSource: Employment Development Department

District 5Average Annual Wages

0

50

100

150

200

$ m

illion

s

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Source: Los Angeles City Department of Building and SafetyNote: Fiscal Year 2004-05 to FY2012-13

District 5Building Permit Values

Residential Non-Residential

10

20

30

40

50

Res

iden

tial A

ltera

tions

($ m

illion

s)

50

100

150

200

New

Res

iden

tial (

$ m

illion

s)

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

New Residential Residential AlterationsSource: Los Angeles City Department of Building and SafetyNote: Fiscal Year 2004-05 to FY2012-13

District 5Value of Residential Building Permits

60

63

66

69

72

75

$ m

illion

s

2006 2007 2008 2009 2010 2011 2012Source: City of Los Angeles Office of FinanceNote: Data are for the calendar year

District 5Gross Annual Receipts

0 5,000 10,000 15,000 20,000$ thousands

Wholesale TradeAccommodation & Food

Other ServicesArts & Entertainment

Retail TradeReal Estate

Admin & Waste ServicesHealth Care

Finance & InsuranceProfessional Services

Source: City of Los Angeles Office of FinanceNote: Data are for the calendar year

Top 10 Sectors, District 5Gross Receipts by Sector

2011 2012

18

PAUL KORETz

DISTRICT 5

22

City Council District 6, located in the geographic center of the San Fernando Valley, is home to the communities of Arleta, North Hills East, West Van Nuys/Lake Balboa, Panorama City, Sun Valley, and parts of Van Nuys and North Hollywood. The district employs around 71,000 people at approximately 5,000 firms. Average wages for those workers are about $44,630 per year, placing wages in the district about $13,000 below the City average.

} Employment in District 6 increased by approximately 3.1 percent in 2012 to a total of 71,217 jobs.

} The average annual wage in District 6 decreased by 3.4 percent in 2012 to $44,630, which is nearly 30 percent less than the citywide average.

} Sector-by-sector employment growth was widespread across the board as four sectors added approx- imately 500 jobs —construction, health care and social assistance, retail trade and administrative support services.

} Residential building permit values for new structures came in at approximately $26.2 million during FY2012-13, a dip from the previous year’s total ($28.9 million). Along with residential alteration permit values, which only tallied $5.5 million, permit values have declined for the second consecutive year and remain depleted in comparison to the pre-recession high of $179.5 million in 2007.

} Non-residential planned construction, meanwhile, increased for the second consecutive year during FY2012-13. Over the last year, permit values for new commercial buildings increased from $17.6 million to $18.8 million.

} Gross receipts in District 6 increased by 7.9 percent to $16.2 million in 2012 —a turnaround from the five consecutive years of decline.

} The increase is attributable primarily to strong revenue growth in three particular sectors —health care (20.0 percent), professional and business services (17.7 percent), and transportation and warehousing (10.0 percent).

} Sales tax receipts increased by 1.4 percent in FY2012-13, the least growth among all districts citywide.

NURY MARTINEz

DISTRICT 6

EMPLOYMENT AND FIRM STATISTICS

CONSTRUCTION

GROSS BUSINESS RECEIPTS AND SALES TAx REVENUE

EMPLOYMENTincreased by approx.3.1%

GROSS RECEIPTS increased by 7.9%

Non-residential planned construction increased for the second consecutive year

23

District 6: Nury Martinez

60

65

70

75

80

Num

ber o

f Job

s (th

ousa

nds)

2005 2006 2007 2008 2009 2010 2011 2012Source: Employment Development Department

District 6Total Employment

40

45

50

55

60

Aver

age

Wag

e ($

thou

sand

s)

2005 2006 2007 2008 2009 2010 2011 2012

District 6 City of Los AngelesSource: Employment Development Department

District 6Average Annual Wages

0

50

100

150

200

$ m

illion

s

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Source: Los Angeles City Department of Building and SafetyNote: Fiscal Year 2004-05 to FY2012-13

District 6Building Permit Values

Residential Non-Residential

0

10

20

30

Res

iden

tial A

ltera

tions

($ m

illion

s)

0

50

100

150

200

New

Res

iden

tial (

$ m

illion

s)

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

New Residential Residential AlterationsSource: Los Angeles City Department of Building and SafetyNote: Fiscal Year 2004-05 to FY2012-13

District 6Value of Residential Building Permits

10

12

14

16

18

20

$ m

illion

s

2006 2007 2008 2009 2010 2011 2012Source: City of Los Angeles Office of FinanceNote: Data are for the calendar year

District 6Gross Annual Receipts

0 1,000 2,000 3,000$ thousands

Transportation & WarehousingOther ServicesManufacturing

ConstructionAdmin & Waste Services

Real EstateProfessional Services

Wholesale TradeRetail TradeHealth Care

Source: City of Los Angeles Office of FinanceNote: Data are for the calendar year

Top 10 Sectors, District 6Gross Receipts by Sector

2011 2012

20

NURY MARTINEz

DISTRICT 6

24

City Council District 7 in the northeast San Fernando Valley is home to several manufacturers and construction firms. The District employs more than 47,000 people at 2,709 companies, indicating the relatively larger size of the firms in District 7. Jobs pay an average annual wage of $50,109, a little more than $7,000 below the City average.

} Employment in District 7 diminished by approximately 1.1 percent in 2012 to 47,345 jobs. } The average wage in district 7 increased by 4.2 percent over the year to $50,109 in 2012 —the

sharpest increase of any district in L.A. } Manufacturing, the district’s largest sector by employment, shed the most jobs over the year

(4.2 percent or 500 jobs), with construction close behind (10.7 percent or 350 jobs). Growth in retail trade employment (4.2 percent or 275 jobs) over the year offset some of the losses.

} Residential planned construction in District 7 has plateaued, returning to under $50 million in building permit values for the fourth year since the FY2009. Multi-family permit values, in particular, declined steeply from $67.7 million in FY2011-12 to $15.0 million in FY2012-13.

} The Non-residential sector seems to be picking up the slack, as planned construction in the district up from $6.7 million a year ago to $34.7 million in FY2012-13.

} Gross receipts in District 7 slipped by 0.7 percent to $7.4 million in 2012 from a year before. Receipts remain well below the pre-recession high of nearly $9 million in the 2007.

} Two sectors demonstrating the most ample growth in the district —health care and real estate services. Yet these gains were offset by lower receipts from the retail trade and construction sectors.

} Sales tax receipts in District 7 grew by 3.2 percent to $27.0 million in FY2012-13 and are 12.0 percent greater than they were in FY2010-11.

FELIPE FUENTES

DISTRICT 7

EMPLOYMENT AND FIRM STATISTICS

CONSTRUCTION

GROSS BUSINESS RECEIPTS AND SALES TAx REVENUE

EMPLOYMENT Increased by 1.6%

Planned Construction

at $34.7 million

REAL ESTATEservices showed ample growth

25

District 7: Felipe Fuentes

44

45

46

47

48

Num

ber o

f Job

s (th

ousa

nds)

2005 2006 2007 2008 2009 2010 2011 2012Source: Employment Development Department

District 7Total Employment

40

45

50

55

60

Aver

age

Wag

e ($

thou

sand

s)

2005 2006 2007 2008 2009 2010 2011 2012

District 7 City of Los AngelesSource: Employment Development Department

District 7Average Annual Wages

0

50

100

150

$ m

illion

s

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Source: Los Angeles City Department of Building and SafetyNote: Fiscal Year 2004-05 to FY2012-13

District 7Building Permit Values

Residential Non-Residential

5

10

15

20

25

30

Res

iden

tial A

ltera

tions

($ m

illion

s)

20

40

60

80

100

New

Res

iden

tial (

$ m

illion

s)

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

New Residential Residential AlterationsSource: Los Angeles City Department of Building and SafetyNote: Fiscal Year 2004-05 to FY2012-13

District 7Value of Residential Building Permits

5

6

7

8

9

10

$ m

illion

s

2006 2007 2008 2009 2010 2011 2012Source: City of Los Angeles Office of FinanceNote: Data are for the calendar year

District 7Gross Annual Receipts

0 500 1,000 1,500$ thousands

Other ServicesAdmin & Waste Services

Transportation & WarehousingProfessional Services

Accommodation & FoodConstructionReal Estate

Wholesale TradeRetail TradeHealth Care

Source: City of Los Angeles Office of FinanceNote: Data are for the calendar year

Top 10 Sectors, District 7Gross Receipts by Sector

2011 2012

22

FELIPE FUENTES

DISTRICT 7

26

Council District 8 in south Los Angeles is one of the most diverse and densely populated districts in the City. The district runs west of the 110 freeway and reaches I-10 at its northernmost point. Among the City Council districts, District 8 employs the fewest number of people (slightly more than 15,400) and is also home to the least firms (approximately 1,400). Average annual wages in the district (approximately $31,300) fall well below the City average.

} Employment in District 8 declined by approximately 0.5 percent in 2012 to a total of 15,421 jobs.

} The district continues to struggle with low worker incomes, as the average annual wage decreased by 5.4 percent from $33,142 in 2011 to $31,360 in 2012.

} Most of the jobs lost over the year came from the health care and social assistance sector (11.6 percent or 300 jobs), which explains the decline in average wages as the sector generally provides above-average wages

} Building permit values in District 8 during FY2012-13 reached $47.0 million, a decline from $72.6 million the previous year. Both residential and non-residential permit values are at their lowest levels since FY2003-04.

} The 2012 year was another difficult one for businesses in District 8 as gross receipts declined by 1.6 percent over the year from $3.03 million to $2.98 million.

} The overall decline in 2012 gross receipts was primarily the effect of a 38.8 percent decrease in what used to be the district's largest sector, health care, on top of the 32.6 percent decrease in 2011.

} Nevertheless, consumer spending in the district was impressive in FY2012-13, with sales tax receipts increasing by 6.1 percent to $7.0 million, on top of the 9.9 percent increase the previous year.

BERNARD PARKS

DISTRICT 8

EMPLOYMENT AND FIRM STATISTICS

CONSTRUCTION

GROSS BUSINESS RECEIPTS AND SALES TAx REVENUE

ANNUAL AVG. WAGE is $31,360

SALES TAx RECEIPTS increased by 6.1%

Building permit values totaled

$47 million

27

BERNARD PARKS

DISTRICT 8District 8: Bernard Parks

12

13

14

15

16

Num

ber o

f Job

s (th

ousa

nds)

2005 2006 2007 2008 2009 2010 2011 2012Source: Employment Development Department

District 8Total Employment

20

30

40

50

60

Aver

age

Wag

e ($

thou

sand

s)

2005 2006 2007 2008 2009 2010 2011 2012

District 8 City of Los AngelesSource: Employment Development Department

District 8Average Annual Wages

0

50

100

$ m

illion

s

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Source: Los Angeles City Department of Building and SafetyNote: Fiscal Year 2004-05 to FY2012-13

District 8Building Permit Values

Residential Non-Residential

5

10

15

20

25

30

Res

iden

tial A

ltera

tions

($ m

illion

s)

20

40

60

80

New

Res

iden

tial (

$ m

illion

s)

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

New Residential Residential AlterationsSource: Los Angeles City Department of Building and SafetyNote: Fiscal Year 2004-05 to FY2012-13

District 8Value of Residential Building Permits

0

1

2

3

4

5

$ m

illion

s

2006 2007 2008 2009 2010 2011 2012Source: City of Los Angeles Office of FinanceNote: Data are for the calendar year

District 8Gross Annual Receipts

0 200 400 600 800 1,000$ thousands

Transportation & WarehousingProfessional Services

ConstructionAdmin & Waste Services

Wholesale TradeAccommodation & Food

Other ServicesReal EstateHealth CareRetail Trade

Source: City of Los Angeles Office of FinanceNote: Data are for the calendar year

Top 10 Sectors, District 8Gross Receipts by Sector

2011 2012

24

28

City Council District 9 encompasses some of the most culturally diverse and vibrant communities in Los Angeles, including Bunker Hill, Little Tokyo, South Park, Vermont Square, as well as the arts district and other South Los Angeles neighborhoods. The district is home to more than 2,600 firms and 66,276 jobs. The average worker in the district earns approximately $49,605.

} Employment in District 9 increased by approximately 1.2 percent in 2012 to a total of 66,276 jobs.

} The average annual wage in District 9 was $49,605 in 2012, down by 2.4 percent from the previous year, yet still 18.0 percent higher than two years ago.

} The education sector — which is by far the largest employment sector in the district — shed 400 jobs, while the often related health care and social services sector added 400 jobs.

} After a slow year for residential construction in District 9 in the FY2011-12, residential building permit values flourished in FY2012-13. In particular, those permit values for multi-family units increased from $9.1 million to $72.9 million. A total of 481 multi-family residential permits were issued in the year, compared to 75 the year before.

} Nonresidential planned construction had its strongest year since FY2007-08, with building permit values totaling $53.3 during FY2011-11, compared to $14.8 the previous year.

} Gross receipts in District 9 increased by approximately 34.4 percent from $9.0 million in 2011 to $12.0 million in 2012.

} The lion’s share of growth in gross receipts over the year came from the professional and business Services sector, where gross receipts increased by $2.8 million or more than 250 percent. While a smaller factor in total receipts, receipts from the construction sector quadrupled over the year from $52,000 to more than $300,000.

} On the consumer side, sales tax receipts posted above-average growth in the FY2011-12, at 5.7 percent compared to 4.9 percent citywide.

CURREN D. PRICE JR.

DISTRICT 9

EMPLOYMENT AND FIRM STATISTICS

CONSTRUCTION

GROSS BUSINESS RECEIPTS AND SALES TAx REVENUE

AVG. ANNUAL WAGE

Nonresidential construction had its strongest year

since 2008

Sales tax receipt growth is above average at 5.7% compared to 4.9% citywide

$49,605

29

District 9: Curren D. Price Jr.

55

60

65

70

75

Num

ber o

f Job

s (th

ousa

nds)

2005 2006 2007 2008 2009 2010 2011 2012Source: Employment Development Department

District 9Total Employment

30

40

50

60

Aver

age

Wag

e ($

thou

sand

s)2005 2006 2007 2008 2009 2010 2011 2012

District 9 City of Los AngelesSource: Employment Development Department

District 9Average Annual Wages

0

50

100

150

200

$ m

illion

s

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Source: Los Angeles City Department of Building and SafetyNote: Fiscal Year 2004-05 to FY2012-13

District 9Building Permit Values

Residential Non-Residential

0

10

20

30

40

Res

iden

tial A

ltera

tions

($ m

illion

s)

0

50

100

150

New

Res

iden

tial (

$ m

illion

s)

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

New Residential Residential AlterationsSource: Los Angeles City Department of Building and SafetyNote: Fiscal Year 2004-05 to FY2012-13

District 9Value of Residential Building Permits

5

8

11

14

17

20

$ m

illion

s

2006 2007 2008 2009 2010 2011 2012Source: City of Los Angeles Office of FinanceNote: Data are for the calendar year

District 9Gross Annual Receipts

0 1,000 2,000 3,000 4,000$ thousands

Accommodation & FoodFinance & Insurance

Health CareConstructionReal Estate

ManufacturingAdmin & Waste Services

Wholesale TradeRetail Trade

Professional Services

Source: City of Los Angeles Office of FinanceNote: Data are for the calendar year

Top 10 Sectors, District 9Gross Receipts by Sector

2011 2012

26

CURREN D. PRICE JR.

DISTRICT 9

30

City Council District 10, geographically one of the smallest districts, lies west of downtown and is split into rougly equal halves by I-10. More than 63,000 people work in the District at about 5,923 firms. The average wage, at almost $40,000 per year, falls about $17,000 below the City average.

} Employment in District 10 increased to 63,177 jobs in 2012, a 7.5 percent increase from the year before.

} The average annual wage for workers in District 10 decreased for the second consecutive year from $43,247 in 2010 to $39,869 in 2011, and finally to $39,622 in 2012.

} Three combined sectors added the majority of new jobs — administrative support services (1,000 jobs), arts and entertainment (1,000 jobs) and retail trade (950 jobs). As these are generally filled with low-wage and part-time workers, the addition of new employees reduces the district’s average annual wage. As such, total payrolls increased by 6.9 percent over the year.

} Residential planned construction in District 10 had its worst year in recent history, with only $26.7 million permitted activity in FY2012-13, compared to $31.9 million a year ago and $83.2 million the year before.

} Nonresidential planned construction in the district, meanwhile, grew by 28 percent over the year to $26.6 million in FY2012-13. The foundation of non-residential construction changed from a year ago as now the majority of non-residential planned construction is for new structures instead of alterations.

} Gross receipts in District 10 grew by 1.2 percent in 2012, on top of the 2.6 percent bump the previous year.

} The two largest sectors in the district, as measured by receipts, grew over the year — retail trade by 7.3 percent and professional business services by 2.2 percent. Yet both were overshadowed by substantial growth stemming from the Wholesale Trade sector, where receipts increased by 84.0 percent over the year.

} FY2012-13 was also a strong year for consumer spending in the district. Sales tax receipts increased by 5.5 percent, compared to 4.9 percent citywide.

HERB J. WESSON, JR.

DISTRICT 10

EMPLOYMENT AND FIRM STATISTICS

CONSTRUCTION

GROSS BUSINESS RECEIPTS AND SALES TAx REVENUE

EMPLOYMENTincreased by7.5% in 2012

28% GROWTH

for nonresidential plannedconstruction

2.2% GROWTH

in professionalbusiness services

31

District 10: Herb J. Wesson, Jr.

50515253545556575859606162636465

Num

ber o

f Job

s (th

ousa

nds)

2005 2006 2007 2008 2009 2010 2011 2012Source: Employment Development Department

District 10Total Employment

35

40

45

50

55

60

Aver

age

Wag

e ($

thou

sand

s)2005 2006 2007 2008 2009 2010 2011 2012

District 10 City of Los AngelesSource: Employment Development Department

District 10Average Annual Wages

0

50

100

150

200

$ m

illion

s

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Source: Los Angeles City Department of Building and SafetyNote: Fiscal Year 2004-05 to FY2012-13

District 10Building Permit Values

Residential Non-Residential

0

10

20

30

40

Res

iden

tial A

ltera

tions

($ m

illion

s)

20

40

60

80

100

120

New

Res

iden

tial (

$ m

illion

s)

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

New Residential Residential AlterationsSource: Los Angeles City Department of Building and SafetyNote: Fiscal Year 2004-05 to FY2012-13

District 10Value of Residential Building Permits

10

12

14

16

18

20

$ m

illion

s

2006 2007 2008 2009 2010 2011 2012Source: City of Los Angeles Office of FinanceNote: Data are for the calendar year

District 10Gross Annual Receipts

0 500 1,000 1,500 2,000$ thousands

Finance & InsuranceEducational Services

Other ServicesAccommodation & Food

Wholesale TradeAdmin & Waste Services

Real EstateHealth CareRetail Trade

Professional Services

Source: City of Los Angeles Office of FinanceNote: Data are for the calendar year

Top 10 Sectors, District 10Gross Receipts by Sector

2011 2012

28

HERB J. WESSON, JR.

DISTRICT 10

32

City Council District 11 is bounded by the Santa Monica Mountains in the north, the Pacific Ocean on the west, Imperial Highway on the south and (roughly) the 405 Freeway on the east. The district encompasses Brentwood, Del Rey, Mar Vista, Marina del Rey, Pacific Palisades, Palms, Playa del Rey, Playa Vista, Venice, West L.A. and Westchester. One of the largest districts in Los Angeles, both in terms of population and geographic size, District 11 is also an important employment center with more than 153,000 individuals working at more than 11,000 firms.

} Employment in District 11 increased by approximately 9.6 percent in 2012, to a total of 153,097 jobs. Over the course of the year, the district added more than 13,400 jobs.

} The average annual wage in the district increased by approximately 6.0 percent over the year from $57,954 to $61,451. There were also 326 more establishments in 2012 than in 2011.

} The sector demonstrating the most job growth in the district over the year was manufacturing (6,000 jobs). Meanwhile, employment also increased in information (1,400 jobs), professional, scientific and technical services (1,000 jobs) and arts and entertainment (1,000 jobs).

} Multi-family construction in District 11 continued to increase this past year, with more than 1,000 units permitted in FY2012-13, compared to 655 last year and 142 the year before. The value of these permits rose from $92.3 million in FY2011-12 to $181.0 million in FY2012-13.

} New single-family construction and residential alteration permit values increased three-fold over the year, respectively, to $87.4 million and $40.6 million.

} Permitting for nonresidential construction also boomed over the year, as permit values for new commercial structures increased to $129.1 million during FY2012-13 from $13.1 million the year before. More than a third of new commercial structures planned citywide were permitted in District 11.

} Gross receipts in District 11 increased by 8.6 percent to $42.1 million in 2012, following a 4.7 percent increase the in 2011.

} Driving growth in gross receipts were the real estate sector (24.2 percent) and the finance and insurance sector (21.6 percent).

} Sales tax receipts in District 11 increased by a 2.6 percent in FY2012-13 — among the lowest growth of any district throughout the City. Nevertheless, District 11 maintained its top position as the district with the most sales tax receipts in L.A., at $51.9 million in FY2012-13.

MIKE BONIN

DISTRICT 11

EMPLOYMENT AND FIRM STATISTICS

CONSTRUCTION

GROSS BUSINESS RECEIPTS AND SALES TAx REVENUE

AVG ANNUAL wage increased

by 6%

Nonresidential permit values increased to 129.1 million

Sales tax receipts increased by 2.6%

33

District 11: Mike Bonin

130

135

140

145

150

155

Num

ber o

f Job

s (th

ousa

nds)

2005 2006 2007 2008 2009 2010 2011 2012Source: Employment Development Department

District 11Total Employment

45

50

55

60

65

Aver

age

Wag

e ($

thou

sand

s)

2005 2006 2007 2008 2009 2010 2011 2012

District 11 City of Los AngelesSource: Employment Development Department

District 11Average Annual Wages

0

100

200

300

$ m

illion

s

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Source: Los Angeles City Department of Building and SafetyNote: Fiscal Year 2004-05 to FY2012-13

District 11Building Permit Values

Residential Non-Residential

10

20

30

40

50

Res

iden

tial A

ltera

tions

($ m

illion

s)

50

100

150

200

250

New

Res

iden

tial (

$ m

illion

s)

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

New Residential Residential AlterationsSource: Los Angeles City Department of Building and SafetyNote: Fiscal Year 2004-05 to FY2012-13

District 11Value of Residential Building Permits

35

37

39

41

43

45

$ m

illion

s

2006 2007 2008 2009 2010 2011 2012Source: City of Los Angeles Office of FinanceNote: Data are for the calendar year

District 11Gross Annual Receipts

0 2,000 4,000 6,000 8,000 10,000$ thousands

Wholesale TradeAccommodation & Food

Other ServicesAdmin & Waste Services

Transportation & WarehousingHealth CareRetail Trade

Finance & InsuranceReal Estate

Professional Services

Source: City of Los Angeles Office of FinanceNote: Data are for the calendar year

Top 10 Sectors, District 11Gross Receipts by Sector

2011 2012

30

MIKE BONIN

DISTRICT 11

34

City Council District 12 in the northwest San Fernando Valley is the second largest City Council district, covering nearly 60 square miles. Given its size, the district is naturally one of the larger employment centers in the City, with about 97,000 jobs and almost 6,800 firms inside its borders. The average wage in the district is $43,000 and falls more than $14,000 below the City average.

} Employment in District 12 increased by approximately 2.4 percent in 2012, to a total of 97,425 jobs.

} The average annual wage in District 12 decreased by 4.6 percent from $45,477 to $43,480, while total payrolls decreased by 2.1 percent.

} Sector-by-sector job growth shows that the administrative and support services sector (1,200 jobs) pro- vided the majority of job growth in the district. Grouped with a decline in professional, scientific, and technical service (300 jobs) and information (100 jobs) employment, the changing dynamics within what is sometimes referred to as — office workers shifted away from the higher-wage sectors and into the lower-wage sector. Hence, the average wage and total payrolls decline over the year.

} Building permit values in District 12 through FY2012-13 totaled $203.6 million, compared to $157.5 million the previous year.

} Residential building permits were once again dominated by multi-family units in FY2012-13, 794 permits in multi-family compared to 84 single-family permits. In the last eight years, permits for nearly 4,000 multi-family units have been filed, compared to less than 600 permits for single-family units.

} Nonresidential planned construction in the FY2012-13 surpassed last year’s total by $7 million, with a total of $32.9 million in building permits.

} Gross receipts in District 12 increased by 0.4 percent to $19.0 million in 2012, a dip from last year’s growth of 3.6 percent and well below the citywide growth of 3.2 percent in 2012.

} Gross receipts in the district's were hindered by a substantial decline in the construction sector, which fell to 49.3 percent over the year. Yet this sector had an equally large spike in 2011.

} On the consumer side, sales tax receipts gained an additional 1.9 percent from 2011 to 2012, following the 6.6 percent growth from the previous year.

MITCHELL ENGLANDER

DISTRICT 12

EMPLOYMENT AND FIRM STATISTICS

CONSTRUCTION

GROSS BUSINESS RECEIPTS AND SALES TAx REVENUE

EMPLOYMENT increased by 2.4%in 2012

Building permitvalues totaled$203.6 million

Gross receipts increased by 0.4%

to $19 million

35

District 12: Mitchell Englander

89

91

93

95

97

99

101

Num

ber o

f Job

s (th

ousa

nds)

2005 2006 2007 2008 2009 2010 2011 2012Source: Employment Development Department

District 12Total Employment

40

45

50

55

60

Aver

age

Wag

e ($

thou

sand

s)

2005 2006 2007 2008 2009 2010 2011 2012

District 12 City of Los AngelesSource: Employment Development Department

District 12Average Annual Wages

0

50

100

150

200

$ m

illion

s

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Source: Los Angeles City Department of Building and SafetyNote: Fiscal Year 2004-05 to FY2012-13

District 12Building Permit Values

Residential Non-Residential

10

15

20

25

Res

iden

tial A

ltera

tions

($ m

illion

s)

50

100

150

200

New

Res

iden

tial (

$ m

illion

s)

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

New Residential Residential AlterationsSource: Los Angeles City Department of Building and SafetyNote: Fiscal Year 2004-05 to FY2012-13

District 12Value of Residential Building Permits

15

17

19

21

23

25

$ m

illion

s

2006 2007 2008 2009 2010 2011 2012Source: City of Los Angeles Office of FinanceNote: Data are for the calendar year

District 12Gross Annual Receipts

0 1,000 2,000 3,000 4,000 5,000$ thousands

ManufacturingFinance & Insurance

Accommodation & FoodConstruction

Admin & Waste ServicesReal Estate

Professional ServicesWholesale Trade

Retail TradeHealth Care

Source: City of Los Angeles Office of FinanceNote: Data are for the calendar year

Top 10 Sectors, District 12Gross Receipts by Sector

2011 2012

32

MITCHELL ENGLANDER

DISTRICT 12

36

City Council District 13, geographically the smallest and most densely populated of the Council districts, sits between downtown Los Angeles and Hollywood. District 13 is home to major film/entertainment corporations, hospitals and about 260,000 residents. The 4,828 firms in the district employ more than 86,000 people and pay wages that are competitive with the rest of the City.

} Employment in District 13 increased by approximately 0.2 percent in 2012, to a total of 86,436 jobs. In 2011, the 5.0 percent rate of employment growth in the district was the highest among districts in the City of L.A.

} The average wage in District 13 declined by 11.3 percent, by far the sharpest decline among all district in L.A.

} While total employment remained at a stable level, the accommodation and food services sector provided 2,000 more jobs in 2012 than in 2011, while the retail trade sector provided 800 more jobs over the year. On other hand, employment in the information sector declined by 2,900 jobs. The shift of jobs in the generally high-wage information sector to the generally low-wage former sectors explains why the average wage plummeted.

} Construction activity in District 13 demonstrated ample growth in FY2012-13 compared to one year ago — permit values increased from $153.1 million to $215.8 million.

} Construction growth in District 13 tells a story of two tales, with residential permit values growing by 106 percent and non-residential permit values declining by 9 percent.

} Residential construction has been led by the emergence of permits for new multi-family units. Over the last three years there have been 1,280 permits filed for multi-family units in District 13, compared to 88 single-family units.

} Gross receipts in District 13 increased by 6.0 percent in 2012, almost twice the pace of growth throughout the City of L.A.

} The increase in gross receipts from a year ago is attributable primarily to strong revenue growth in some of the district's smaller sectors. These sectors include: finance and insurance (34.5 percent); construction (26.1 percent); education services (16.1 percent); arts and entertainment (12.4 percent); and accommodation and food services (12.2 percent).

} Consumer spending in District 13 continues to show steady growth year over year. Sales tax receipts increased by 6.5 percent in FY2012-13, compared to 8.3 percent in FY2011-12.

MITCH O'FARRELL

DISTRICT 13

EMPLOYMENT AND FIRM STATISTICS

CONSTRUCTION

GROSS BUSINESS RECEIPTS AND SALES TAx REVENUE

HIGHEST RATE OFemployment growth

16.1% revenue growth in education services

in the City of Los Angeles

Permit Values increasedfrom $153.1 million to$215.8 million

37

District 13: Mitch O'Farrell

78

80

82

84

86

88

Num

ber o

f Job

s (th

ousa

nds)

2005 2006 2007 2008 2009 2010 2011 2012Source: Employment Development Department

District 13Total Employment

45

50

55

60

Aver

age

Wag

e ($

thou

sand

s)

2005 2006 2007 2008 2009 2010 2011 2012

District 13 City of Los AngelesSource: Employment Development Department

District 13Average Annual Wages

0

50

100

150

200

$ m

illion

s

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Source: Los Angeles City Department of Building and SafetyNote: Fiscal Year 2004-05 to FY2012-13

District 13Building Permit Values

Residential Non-Residential

5

10

15

20

Res

iden

tial A

ltera

tions

($ m

illion

s)

0

50

100

150

New

Res

iden

tial (

$ m

illion

s)

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

New Residential Residential AlterationsSource: Los Angeles City Department of Building and SafetyNote: Fiscal Year 2004-05 to FY2012-13

District 13Value of Residential Building Permits

15

16

17

18

19

20

$ m

illion

s

2006 2007 2008 2009 2010 2011 2012Source: City of Los Angeles Office of FinanceNote: Data are for the calendar year

District 13Gross Annual Receipts

0 1,000 2,000 3,000 4,000$ thousands

Admin & Waste ServicesWholesale Trade

Other ServicesInformation

Accommodation & FoodEducational ServicesProfessional Services

Real EstateRetail TradeHealth Care

Source: City of Los Angeles Office of FinanceNote: Data are for the calendar year

Top 10 Sectors, District 13Gross Receipts by Sector

2011 2012

34

MITCH O'FARRELL

DISTRICT 13

38

City Council District 14 covers the eastern portion of downtown Los Angeles, as well as the communities of Boyle Heights, Eagle Rock, El Sereno, Downtown Los Angeles, Garvanza, Glassell Park, Hermon, Rose Hills and Highland Park. These communities cover 23 square miles and are home to more than 235,000 residents. Representing downtown Los Angeles makes District 14 an important employment center, with more than 314,000 jobs and 12,343 firms. Average annual wages in the district are close to $73,000, well above the City average.

} Employment in District 14 increased by approximately 3.0 percent in 2012, to a total of 314,098 jobs, reaching the highest level of employment since 2007.

} The average annual wage in District 14 increased by 0.3 percent in 2012, to $72,869; this is the second-highest average annual wage among districts in Los Angeles and 26 percent above the citywide average.

} Employment in education services increased by 20.5 percent, while the administrative and support services sector grew by 10.9 percent. Some of the gains, however, were offset by job losses in the transportation and warehousing sector, which diminished by 12.2 percent.

} Residential building permit values in FY2012-13 totaled $204.1 million, compared to $86.8 million the previous year. The bulk of growth stemmed from permits for 729 multi-family units in FY2012-13, compared to 190 permitted units a year ago.

} On the non-residential side, permit values increased from $106.6 million in FY2011-12 to $198.8 million in FY2012-13, an 86 percent increase over the year.

} Gross receipts in District 14 increased by 0.4 percent to $83.9 million in 2012. } Gross receipts in professional services, the district's largest sector, decreased by 9.1

percent, while gross receipts finance and insurance, the second-largest sector, also decreased by 4.5 percent. These declines were offset by growth in receipts from the administrative and support services and wholesale trade sectors, which increased by 27.4 percent and 25.5 percent, respectively, from a year ago.

} Sales tax receipts grew by 4.8 percent in FY2012-13, slightly below the citywide growth of 4.9 percent.

JOSE HUIzAR

DISTRICT 14

EMPLOYMENT AND FIRM STATISTICS

CONSTRUCTION

GROSS BUSINESS RECEIPTS AND SALES TAx REVENUE

AVG. ANNUAL WAGEincreased by 0.3%in 2012

Multi-unit residentialpermit issuances in2012 have surpassed2011

Gross reciepts increased by 0.4%

39

District 14: Jose Huizar

305

310

315

320

Num

ber o

f Job

s (th

ousa

nds)

2005 2006 2007 2008 2009 2010 2011 2012Source: Employment Development Department

District 14Total Employment

50

55

60

65

70

75

Aver

age

Wag

e ($

thou

sand

s)

2005 2006 2007 2008 2009 2010 2011 2012

District 14 City of Los AngelesSource: Employment Development Department

District 14Average Annual Wages

0

100

200

300

$ m

illion

s

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Source: Los Angeles City Department of Building and SafetyNote: Fiscal Year 2004-05 to FY2012-13

District 14Building Permit Values

Residential Non-Residential

0

20

40

60

Res

iden

tial A

ltera

tions

($ m

illion

s)

0

50

100

150

200

New

Res

iden

tial (

$ m

illion

s)

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

New Residential Residential AlterationsSource: Los Angeles City Department of Building and SafetyNote: Fiscal Year 2004-05 to FY2012-13

District 14Value of Residential Building Permits

70

74

78

82

86

90

$ m

illion

s

2006 2007 2008 2009 2010 2011 2012Source: City of Los Angeles Office of FinanceNote: Data are for the calendar year

District 14Gross Annual Receipts

0 10,000 20,000 30,000$ thousands

InformationOther ServicesManufacturing

Health CareAdmin & Waste Services

Real EstateRetail Trade

Wholesale TradeFinance & Insurance

Professional Services

Source: City of Los Angeles Office of FinanceNote: Data are for the calendar year

Top 10 Sectors, District 14Gross Receipts by Sector

2011 2012

36

JOSE HUIzAR

DISTRICT 14

40

JOE BUSCAINO

DISTRICT 15

The borders of City Council District 15 connect south Los Angeles neighborhoods with the communities surrounding the Port of Los Angeles, an important source of employment and economic growth for the region. Nearly 57,000 people work in the district earning average annual wages of $47,000, well below the City average.

} Employment in District 15 decreased by approximately 0.7 percent in 2012, to a total of 56,577 jobs. Employment levels declined for the second consecutive year, after a large spike in 2010.

} The average annual wage in the district declined by 6.2 percent, from $49,728 in 2011 to $46,648 in 2012.

} While employment growth in most sectors failed to impress, one sector does standout as the leading job creator in the district — administrative and support services. The sector provided 1,800 more jobs in 2012 than compared to 2011.

} Construction activity in District 15 has been on an upward trajectory since the bottoming of the housing crash. Permit values for residential structures increased for the third consecutive year in the FY2012-13 (23 percent from a year ago), while permit values for non-residential structures increased for the fourth consecutive year (120 percent).

} On the residential side, permits for new multi-family units in district 15 increased from 83 to 221, while permits for single-family units increased from 27 to 36.

} Non-residential planned construction in district 15 shifted from mostly alterations in FY2011-12 to mostly new commercial structures in FY2012-13.

} Gross receipts in District 15 increased by 6.7 percent in the 2012, marking the first year with positive growth since 2008.

} The growth in the district’s gross receipts came primarily from the education services sector, which grew three-fold over the year.

} Consumer spending in the district had slowed in the FY2012-13, as sales tax receipts increased by 4.4 percent compared to 8.1 percent in the FY2011-12.

EMPLOYMENT AND FIRM STATISTICS

CONSTRUCTION

GROSS BUSINESS RECEIPTS AND SALES TAx REVENUE

Administrative and support services provided 1,800 more jobs in 2012 than 2011

Permit values for residential structures increased for the third consecutive year

Gross receipts increased by 6.7%

41

District 15: Joe Buscaino

47

50

53

56

59

Num

ber o

f Job

s (th

ousa

nds)

2005 2006 2007 2008 2009 2010 2011 2012Source: Employment Development Department

District 15Total Employment

40

45

50

55

60

Aver

age

Wag

e ($

thou

sand

s)2005 2006 2007 2008 2009 2010 2011 2012

District 15 City of Los AngelesSource: Employment Development Department

District 15Average Annual Wages

0

20

40

60

80

100

$ m

illion

s

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Source: Los Angeles City Department of Building and SafetyNote: Fiscal Year 2004-05 to FY2012-13

District 15Building Permit Values

Residential Non-Residential

0

5

10

15

20

Res

iden

tial A

ltera

tions

($ m

illion

s)

20

40

60

80

100

New

Res

iden

tial (

$ m

illion

s)

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

New Residential Residential AlterationsSource: Los Angeles City Department of Building and SafetyNote: Fiscal Year 2004-05 to FY2012-13

District 15Value of Residential Building Permits

10

12

14

16

18

20

$ m

illion

s

2006 2007 2008 2009 2010 2011 2012Source: City of Los Angeles Office of FinanceNote: Data are for the calendar year

District 15Gross Annual Receipts

0 500 1,000 1,500 2,000 2,500$ thousands

Accommodation & FoodManufacturing

Admin & Waste ServicesOther Services

Health CareReal Estate

Professional ServicesTransportation & Warehousing

Retail TradeWholesale Trade

Source: City of Los Angeles Office of FinanceNote: Data are for the calendar year

Top 10 Sectors, District 15Gross Receipts by Sector

2011 2012

38

JOE BUSCAINO

DISTRICT 15

42

MAP OF DISTRICTS

07

04

01

1311

12

05

15

03

06

02

14

08

10

09

405

110

5 210

5

10

105

405

10

110

210

710

1

103

27

134

213

90

170

101

118

47

2

42

60

187

27

14

118

1

101

91

2

90

Los Angeles City Council2012 Districts

43

Thank you to our 125th Anniversary Campaign contributors

PARTNER

Providence Health & Services, CaliforniaSUPPORTER

California State University, Dominguez Hills California State University, NorthridgeClear Channel Outdoor, Inc.Pepperdine University

FRIEND

Long Beach City College Foundation

TRENDSETTER

Los Angeles Department of Water & Power

Southern California Gas Company, a Sempra Energy utility

GUARDIAN

AC Martin PartnersChevron CorporationDavid FlemingKaiser PermanenteToyota Motor Sales U.S.A., Inc.

CHAMPION

Bank of AmericaCedars-Sinai Health SystemCitibank N.A.Majestic Realty Co. Pacifi c Federal Insurance CompanyPort of Los AngelesSouthern California EdisonSouthwest Airlines

* as of 9/20/13

For 125 years, the Los Angeles Area Chamber of Commerce has

championed the needs of the business community and the citizens

of the Los Angeles region. This work has taken on many forms —

from serving as the voice of the business community in the halls of

government, to promoting economic development and fostering

collaboration throughout the community — all in an e� ort to ensure

economic prosperity and quality of life.

Upon its inception, one of the Chamber’s fi rst e� orts was to lobby

Congress to create a deep water port. Soon after, the Chamber

recognized the need for good manufacturing jobs and mobilized a

national e� ort to secure plants and factories in the region. This e� ort

extended to building markets both nationally and abroad for local

products. Aiming to fuel more trade through the Port of Los Angeles,

the Chamber focused on securing a shipping canal in Central America,

and in 1914, the Panama Canal opened and further connected L.A. to

the world.

All of these e� orts by the Chamber helped create the most broad-

based, sustainable regional economy in the nation, as well as secure

the region’s status as a leader in global trade. Today, with the world’s

No. 6 busiest customs district, the L.A. region is the home to two-way

trade valued at more than $386 billion.

44

350 S. Bixel St.Los Angeles, CA 90017

P: 213.580.7500 | F: 213.580.7511

lachamber.com

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