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WTCLA: LA County

2016 Overview of LA Regional Economy
by

Stephen Cheung

on 8 August 2016

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Transcript of WTCLA: LA County

Population
10.2 million people live in LA County
18.4 million live in the five-county area
Jobs
Operations at LAX generated:
294,400 jobs in Los Angeles County
$13.6 billion in labor income
$39.7 billion in economic output
$2.5 billion added local and state revenues
LOS ANGELES
Ports of LA & LB
Los Angeles
International Airport
Ports of LA & Long Beach
World Class Infrastructure
LAX
Research
Manufacturing
Hub of International Trade and Innovation
Innovation
Access to Global Markets
$664 Billion Economy
ASSETS: Our People
Diversity
224 languages spoken
100+ Consulates in Los Angeles
49 foreign language publications
Economic Engine
of the Region
Economic Impacts
Employment
(Related)
896,000 jobs throughout the region
1.2 million jobs throughout California
3.6 million jobs throughout the U.S.
State and Local Tax Revenue
$6 billion throughout California
$23 billion throughout U.S.
Value of trade to the Economy
$63 billion throughout California
$260 billion throughout U.S.
2015 Total Trade
Los Angeles Customs District
$393 Billion
Superior Access
Passengers


#1 - World's busiest origin and destination airport
5th busiest airport in the World (2rd in the U.S.)
74.5 million passengers (2015)
696 daily flights to 97 domestic cities
1,181 weekly nonstop flights to 72 cities in 38 countries
Cargo
14th airport in the world (5th in the U.S.)
Over
2 million tons
of cargo
Over
$96.3 billion
in value
Over 100 trains a day
Access to 14 major US freight hubs
1.5 billion sq-ft

of warehouse & distribution space
10,000 US EPA compliant clean trucks
Major Industries
#1 Manufacturing Center in the U.S
.
366,100
total workers in 2013
:
- Transportation equipment:
47,000

- Apparel:
46,100

- Fabricated metal products:
43,300
- Computer and electronics:
39,200

- Food products:
38,400
Educational Institutions
1.3 million college graduates
1,556 PhDs (2014)
5,569 Engineers (2014)
3 world class research uiversities:
CalTech (ranked #1 in world)
UCLA
USC
118 other colleges and universities
3,550 patents granted (2013)
Manufacturing
Industry Clusters
Stephen Cheung
President
World Trade Center Los Angeles
Stephen.Cheung@wtcla.org
www.wtcla.org

15.29 Million TEU's (2015)
$5 Billion Capital Improvement Project
Aerospace and Defense:

306
companies
56,239
workers
Biosciences:

261
companies
14,906
workers
$165 Billion
in VC investments
CleanTech
:
$6.8 Billion
Raised in CleanTech
The
World Trade Center Los Angeles (WTCLA)
is dedicated to attracting foreign direct investment and facilitating business opportunities between Los Angeles and international companies.

Attraction
– WTCLA is the leading Foreign Direct Investment (FDI) service provider to attract key international companies and help them locate or expand operations in Los Angeles.

Education
– WTCLA is the clearing house for information to help international companies learn how to successfully locate and operate in Los Angeles.

Connection
– WTCLA is the premier facilitator of connections with business leaders, service providers, and governmental partners for international and local companies.

Entertainment
Third largest industry in LA
$120 Billion industry
247,000 workers
4,084 Square Miles
88 Cities
100+ Unincorporated Areas
GEOGRAPHY
TOURISM
Full transcript