L.A. County Strategic Plan for Economic Development (2016-2020)

Note: These metrics are still being defined and public input is encouraged.  ([email protected])

Top-line Measurements:

  • Total employment (from 2014 baseline)
  • Hourly median wage growth (from 2014 baseline)
  • Gross Regional Product
  • Per capita personal income (from 2014 baseline)
  • Poverty rate (from 2014 baseline)

Goal 1.Invest in our people to create equal opportunity

GOAL 1 Metrics
INDICATOR UNIT OF MEASURE DATA SOURCE LINK
1 Child development and education programs Percentage of children under age 5 enrolled in early child development and education programs LA2050 LINK
2 Child development and education programs Number of the Early Childhood Education (ECE) programs offered  —  —
3 Youth unemployment rate Percentage unemployment rate for youth ages 16-19, 20-24 CA Employment Development Department LINK
4 Access to high-speed Wi-Fi Number of public institutions with free wi-fi (e.g., public schools, libraries)  —  —
5 STEM enrollment and participation trend Total enrollment and participation trend (number of students and percentage) School districts  —
6 Afterschool programs Trend of funding available, students enrolled  —  —
7 Graduation rates Percentage graduated CA Department of Education LINK
8 HS dropout rate & disparity Percentage dropout and disparity among key population segments CA Department of Education LINK
9 High School student proficiency in English/ Language Arts and Math [HS exit exams] percentage CA Department of Education LINK
10 High school student proficiency in Science/ Technology/ Engineering [HS exit exams] percentage CA Department of Education LINK
11 Success of English Learners English Learners who complete high school with English proficiency CA Department of Education LINK
12 Retention rates (and demographic specs) from local higher education institutions percentage  —  —
13 Advanced Placement (AP) enrollment in schools within severely economically distressed census tracts Trend in number of students enrolled in AP classes (number of students and percentage) School districts in target tracts  —
14 Education attainment levels Percentage with High School, Some College, Bachelors, etc. ACS/Social Explorer LINK
15 Percentage of children who feel safe at school most or all of the time percentage CA Department of Education LINK

 

2.Strengthen our leading export-oriented industry clusters

GOAL 2 Metrics
INDICATOR UNIT OF MEASURE DATA SOURCE LINK
1 Key legislations, regulations and policies Number of key bills, regulations, executive orders, judicial decisions affecting key LA County industry clusters LAEDC
LINK
2 Employment growth (jobs) Percentage of new jobs in total jobs per industry cluster BLS
LINK
3 Employment growth (income) Average income change in dollars in each industry cluster per year BLS
LINK
4 Industry cluster Location Quotient LQ per industry cluster BLS
LINK
5 Networking Number of major industry-specific conferences held in LA County  —
 —
6 Net Business migration out of LA County Percentage change in number of establishments per industry cluster Dun & Bradstreet
 —
7 Scale of expansion Number of establishments within each industry cluster Census Statistics of U.S. Businesses
LINK

 

8 Marketing and brand strategy Does industry have trade organization? Yes/No
 —
 —

3.Accelerate innovation and entrepreneurship

GOAL 3 Metrics
INDICATOR UNIT OF MEASURE DATA SOURCE LINK
1 Venture Capital Investment Annual venture capital investment into LA County firms PWC
LINK
2 R&D Investment Federal funding dollars for university research invested into the region National Science Foundation
LINK
3 R&D Investment University expenditures on R&D  —
 —
4 Real Estate Development for Industry research Square feet of publicly-owned real estate identified for applied research in key industries (available and in pipeline)  —
 —
5 Innovation Event Number of LA Innovation Week events and attendance LAEDC
LINK
6 Targeted brand strategy for LA County as the place for innovation and entrepreneurship Yes/No  —
 —
7 Entrepreneurship support/growth Total number of incubators & accelerators SoCal Tech
LINK
8 Entrepreneurship support/growth Number of new firms established in LA County per industry cluster Census County Business Patterns
LINK
9 Entrepreneurship support/growth Number of new firms/start-ups established in business incubators or accelerators Private incubator/accelerator   —
10 Entrepreneurship support/growth Total number employees and/or gross revenues by firm age Census Business Dynamics Statistics
LINK
11 Patent Patent creators living in L.A. County U.S. Patent & Trademark Office
LINK

 

4.Be more business-friendly

GOAL 4 Metrics
INDICATOR UNIT OF MEASURE DATA SOURCE LINK
1
Economic Development Planning
Number of Cities with an Economic Development element in their General Plan
Cities
2
Economic Development Planning
Number of cities with business early warning/problem identification systems
Cities
3
Economic Development Planning
Countywide coordination to reduce regional competition (Yes/No)
Cities
 —
4
Business Programs
Number of businesses directly assisted per year by City or County
 Cities
 —
5 Business Programs
Number of cities with annually funded economic development/business assistance programs
Cities
 —
6
Cost of doing business
Number of cities with a Kosmont-Rose Cost of Doing Business Rating of (and improved scores over previous year): [$, $$, $$$, $$$$]
Rose Institute of State and Local Government
LINK
7
Business License Processing
Total new Business Licenses (excluding retail and food service) processed per year
Cities
8 Business License Processing
Number of public agencies reporting streamlined permit processing
Cities
9 Business License Processing
Number of public agencies with online business license processing
Cities   —
10 Business License Processing
Average length of time to approve permits (new and renewal)
Cities
11 Business License Processing
Total number of renewal Business Licenses (excluding retail and food service) processed per year; average length of time to approve permits; available online
Cities
12
Building Permit Processing
Average number of days taken to approve building permits
Cities
13
Land use
Acreage and Percentage of land zoned for Commercial and Industrial uses
SCAG
14
Land use
Market value of land zoned for commercial and for industrial use—developed and vacant
Real estate market reports (e.g., CBRE, Colliers)
LINK

5.Remove barriers to critical infrastructure development, financing and delivery

GOAL 5 Metrics
INDICATOR UNIT OF MEASURE DATA SOURCE LINK
1
Infrastructure Investment
Annual infrastructure expenditure in dollars
Cities
2 Land Use
Vacancy rates by subregion (industrial and commercial)
Real estate market reports (e.g., CBRE, Colliers)
LINK
3
Permit reform
Number of permits for infrastructure (re)construction projects for public&private entity
Cities
4
Innovative financing models
Number of public-private partnership projects formed per year
 Cities  —
5
CEQA reform (qualitative)
CEQA Environmental impact review (percent cases litigated?)
 —
6
Transportation investment
Number of STIP projects programmed per year
California Transportation Commission – STIP Program – 2014 Orange Book
LINK
7
Traffic congestion
Cost of congestion ($)
Annual Urban Mobility Scorecard
LINK
8
Vehicle miles traveled
VMT
DOT California Public Road Data
LINK

6.Increase global connectedness

GOAL 6 Metrics
INDICATOR UNIT OF MEASURE DATA SOURCE LINK
1
Gross Regional Product
Dollars
 BEA  —
2
Foreign Owned Establishments (FOE) as indicator of foreign direct investment (FDI)
Number of foreign-owned establishments (FOE)
 LAEDC/WTC Los Angeles  LINK 
3
Foreign Owned Establishments (FOE)
Number of jobs in foreign-owned establishments (FOE)
 LAEDC/WTC Los Angeles LINK
4
Public-Private Partnerships
Number of P3 funding/executing Foreign Direct Investment programs
Cities
 —
5
EB5 Investment
Number of jobs created, total invested
USCIS
 —
6
FDI Assistance
Number and types of services offered for Foreign Direct Investors
WTC-LA and other similar brokers
LINK
7
FDI Assistance
Number of incentive-related policies (e.g., tax concession)
 Cities  —
8  FDI Assistance
Public funding for programs that teach businesses how to export & number of such programs
 Cities  —
9
Exports
in dollars(million)
U.S. Census Bureau, USA Trade Online
LINK
10  Exports
Number of export-ready businesses
U.S. Census via International Trade Administration
LINK
11
STEP (State Trade and Export Promotion) Grants & number of agreements awarded in LA County
in dollars & Number
 —
LINK
12
International trade relations
Number of conferences/events for international investors, buyers and exporters
 —
LINK
13  International trade relations
Number of Key Trade Missions executed per year by industry and value of joint ventures if any
 —  —
14
International trade
Net dollars exchanged in two-way trade with strategic countries
 LAEDC
LINK
15
International students
Total number international students
USCIS via Brookings Institute
LINK
16
International tourism
LAX overseas port of entry arrivals
Discover Los Angeles
LINK
Visas requests
Number
USCIS

7.Build more livable communities

GOAL 7 Metrics
INDICATOR UNIT OF MEASURE DATA SOURCE LINK
1 Income Inequality Gini Index
ACS (Social Explorer)
LINK
2 Homelessness Number of individuals assisted as County spends more resources on homelessness
County
 —
3 Homelessness Number of homeless persons in LA County
Greater Los Angeles Homeless Count
LINK
4 Recidivism rate % 3-year recidivism
California Department of Corrections and Rehabilitation
LINK
5 Employment Individuals in Transitional Subsidized Employment Program
LA County Department of Public Social Services
 —
6 Childhood poverty Number of children in poverty in LA County
ACS (Social Explorer)
 

LINK
7 Public/Nonprofit collaboration Number of government contracts awarded to nonprofits
Cities
 —
8
Housing affordability
% housing burdened (paying >30% income on housing)
Joint Center for Housing Studies at Harvard University
LINK
9
Health coverage
Percent LA County residents without health insurance
Census
LINK
10 Commute Time to Work   Average Time to Work  ACS Explorer  —
11
Number of CalFresh/SNAP farmers markets
number
Los Angeles County Department of Social Services
LINK
12
Access to healthy foods
Census tracts in LA County considered “Food Deserts” by federal standards
 USDA
LINK
13
Residential construction activity
Total number of building permits issued per year
Construction Industry Research Board via SCAG
LINK
14
Transit Station Grades
Grade (A/B/C/D/F)
 Next 10
LINK
15
Complete streets
Total cities with formalized complete streets policies
Cities (via COGs)
 —
16
Access to parks/open space
ParkIndex rating based on a scale of 1-100, which assesses census tracts or block groups based on the extent to which it is close to parks.
ParkIndex (GreenInfo Network) via UCLA Environmental Report Card
LINK
17
Renewable energy capacity
In-State Renewable Projects On-Line Capacity in Megawatts
California Energy Commission
18
LA County crime rates
Part I Violent Crime
California Office of the Attorney General
LINK
19
TOD affordability
Average rent cost of TOD
LINK
20
Total transit ridership
average # persons/weekday