Los Angeles County is the entertainment, manufacturing, and international trade capital of America. With nearly $544 billion in annual output, Los Angeles County ranks among the world’s largest economies. Its GDP is larger than Switzerland, Sweden, even Saudi Arabia. The County’s population of nearly 10 million would make it the 9th largest state in the U.S.
Los Angeles County offers a variety of financial and technical assistance programs that can improve your company’s bottom line.
Los Angeles County has a variety of incentive programs available to both small and large businesses. Incentives should not be the only reason why one should consider a location, but could be one of many factors that could help lead to a final location decision.
Access to Capital
Finding sources of capital may be your company’s biggest concern or challenge. Los Angeles County is home to a wealth of capital resources for small, medium, or large businesses. This comprehensive list of companies throughout Southern California can help you identify the firm best suited for your company’s needs.
Cost of Doing Business in Los Angeles County
While it is a major urban area, Los Angeles County is competitive cost-wise for the scope of opportunities in the region. And while the cost of doing business is competitive, the actual business costs vary depending on the following factors:
- Type of Business
- Size of Business
- Number of employees
- Utility usage
- City (there are 88 cities in the County of Los Angeles, each one with different tax structures)
The LAEDC created the ChooseLACounty.com website to serve existing businesses’ needs and those considering relocating to Los Angeles County.
ChooseLACounty.com provides important information businesses need to know such as the major industry clusters of the region, including Fortune 500 companies headquartered here, the cost of doing business, special incentives and resources for businesses, major modes of transportation, foreign direct investment in the region, quality of life characteristics and much more.
Visit ChooseLACounty.com today to learn about doing business in the region and how the LAEDC’s Business Assistance team can help your business grow.