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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
4
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
5
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
7
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
8
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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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
8
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.
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