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FOCUS ON LOS ANGELES COUNTY Southland Regional Economic Recovery Conversation Jack Kyser LAEDC Chief Economist March 4, 2004.

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Presentation on theme: "FOCUS ON LOS ANGELES COUNTY Southland Regional Economic Recovery Conversation Jack Kyser LAEDC Chief Economist March 4, 2004."— Presentation transcript:

1 FOCUS ON LOS ANGELES COUNTY Southland Regional Economic Recovery Conversation Jack Kyser LAEDC Chief Economist March 4, 2004

2 SHORT-TERM CHALLENGES Reducing the employment cost package Why? 1. Manufacturing matters but global competition puts California jobs at risk. 2. Retain/grow Economic Base LAEDC

3 MAJOR MANUFACTURING CENTERS IN THE U.S. (2003e average employment, in thousands) Source: U.S. Dept. of Labor, BLS LAEDC

4 JULY 1, 2003 POPULATION ESTIMATES 1. California35,934, Texas22,118, New York19,190,100 Los Angeles 5-County Area17,475, Florida17,019, Illinois12,653, Pennsylvania12,365, Ohio11,435, Michigan10,080,000 Los Angeles County10,047, Georgia 8,684, New Jersey 8,638,400 Population Change 2003/Census 2000 Michigan+ 141,500 Los Angeles County+ 528,000 Source: Bureau of the Census, CA Dept. of Finance LAEDC

5 LONG-TERM CHALLENGES Workforce training: K-12 & Community Colleges Infrastructure -- moving people & goods Affordable housing -- running out of space in the urban core LAEDC

6 To find solutions, understand the multi-dimensional aspects of Los Angeles County

7 ECONOMIC BASE OF SOUTHERN CALIFORNIA County Los Angeles Orange Riv-SB Ventura Total Tourism Direct Int’l Trade Wholesale trade/logistics Technology Prof. business svcs Motion picture/TV prod Health svcs./biomedical Financial svcs Apparel/textiles Agric./food prods. mfg Fabricated metal prods Furniture mfg/wholesaling Auto parts mfg/wholesaling U.S. Dept. of Defense Jewelry mfg/wholesaling Petroleum prod. & refining Toy mfg/wholesaling LAEDC

8 This is what multi-dimensionalism looks like….

9 MANUFACTURING EMPLOYMENT BY REGION IN L.A. COUNTY Los Angeles County Total: 515,888 Source: U.S. Census Bureau LAEDC

10 Location of Aerospace-related Firms in L.A. and Orange Counties

11 Location of Apparel & Textile Firms in L.A. and Orange Counties Small houses = textile firms Black dots = apparel firms

12 Location of Logistics Firms in L.A. County

13 Location of Motion Picture, TV, and Music Production-related Firms Small houses = major studios and recording companies Black dots = all other firms

14 CHALLENGES Understanding the linkages with surrounding Metropolitan areas -- industry-industry; employment vs. housing centers Understanding the relationships between sub-areas in the County. Creating a vision to capture opportunities -- who will do it? LAEDC

15 Keep up with economic news and major developments by subscribing to e-EDGE -- our free weekly news broadcast. Check out the web version at and sign up for the broadcast by ing Download LAEDC’s economic publications from


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