2016-2020 Countywide Strategic Plan for
Economic Development
Track the success of the Strategic Plan, as well as the health of the overall LA County economy at Propel L.A., Measuring Success.
Special thanks to the USC Capstone Team for their work in providing insights laying the foundation for the Plan’s metrics and data collection.
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 |
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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 |
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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 |
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| 2 |
Employment growth (jobs) |
Percentage of new jobs in total jobs per industry cluster |
BLS |
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| 3 |
Employment growth (income) |
Average income change in dollars in each industry cluster per year |
BLS |
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| 4 |
Industry cluster Location Quotient |
LQ per industry cluster |
BLS |
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| 5 |
Networking |
Number of major industry-specific conferences held in LA County |
— |
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| 6 |
Net Business migration out of LA County |
Percentage change in number of establishments per industry cluster |
Dun & Bradstreet |
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| 7 |
Scale of expansion |
Number of establishments within each industry cluster |
Census Statistics of U.S. Businesses |
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| 8 |
Marketing and brand strategy |
Does industry have trade organization? Yes/No |
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3.Accelerate innovation and entrepreneurship
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GOAL 3 Metrics |
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INDICATOR |
UNIT OF MEASURE |
DATA SOURCE |
LINK |
| 1 |
Venture Capital Investment |
Annual venture capital investment into LA County firms |
PWC |
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| 2 |
R&D Investment |
Federal funding dollars for university research invested into the region |
National Science Foundation |
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| 3 |
R&D Investment |
University expenditures on R&D |
— |
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| 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) |
— |
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| 5 |
Innovation Event |
Number of LA Innovation Week events and attendance |
LAEDC |
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| 6 |
Targeted brand strategy for LA County as the place for innovation and entrepreneurship |
Yes/No |
— |
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| 7 |
Entrepreneurship support/growth |
Total number of incubators & accelerators |
SoCal Tech |
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| 8 |
Entrepreneurship support/growth |
Number of new firms established in LA County per industry cluster |
Census County Business Patterns |
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| 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 |
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| 11 |
Patent |
Patent creators living in L.A. County |
U.S. Patent & Trademark Office |
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4.Be more business-friendly
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GOAL 4 Metrics |
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INDICATOR |
UNIT OF MEASURE |
DATA SOURCE |
LINK |
| 1 |
| Economic Development Planning |
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| Number of Cities with an Economic Development element in their General Plan |
|
Cities |
— |
| 2 |
| Economic Development Planning |
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| Number of cities with business early warning/problem identification systems |
|
Cities |
— |
| 3 |
| Economic Development Planning |
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| Countywide coordination to reduce regional competition (Yes/No) |
|
Cities |
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| 4 |
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| Number of businesses directly assisted per year by City or County |
|
Cities |
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| 5 |
Business Programs |
| Number of cities with annually funded economic development/business assistance programs |
|
Cities |
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| 6 |
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| Number of cities with a Kosmont-Rose Cost of Doing Business Rating of (and improved scores over previous year): [$, $$, $$$, $$$$] |
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| Rose Institute of State and Local Government |
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| 7 |
| Business License Processing |
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| 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 |
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| Average number of days taken to approve building permits |
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Cities |
— |
| 13 |
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| Acreage and Percentage of land zoned for Commercial and Industrial uses |
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— |
| 14 |
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| Market value of land zoned for commercial and for industrial use—developed and vacant |
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| Real estate market reports (e.g., CBRE, Colliers) |
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5.Remove barriers to critical infrastructure development, financing and delivery
| GOAL 5 Metrics |
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INDICATOR |
UNIT OF MEASURE |
DATA SOURCE |
LINK |
| 1 |
| Infrastructure Investment |
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| Annual infrastructure expenditure in dollars |
|
Cities |
— |
| 2 |
Land Use |
| Vacancy rates by subregion (industrial and commercial) |
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| Real estate market reports (e.g., CBRE, Colliers) |
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| 3 |
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| Number of permits for infrastructure (re)construction projects for public&private entity |
|
Cities |
— |
| 4 |
| Innovative financing models |
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| Number of public-private partnership projects formed per year |
|
Cities |
— |
| 5 |
| CEQA reform (qualitative) |
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| CEQA Environmental impact review (percent cases litigated?) |
|
— |
— |
| 6 |
| Transportation investment |
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| Number of STIP projects programmed per year |
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| California Transportation Commission – STIP Program – 2014 Orange Book |
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| 7 |
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| Annual Urban Mobility Scorecard |
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| 8 |
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| DOT California Public Road Data |
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6.Increase global connectedness
| GOAL 6 Metrics |
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INDICATOR |
UNIT OF MEASURE |
DATA SOURCE |
LINK |
| 1 |
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BEA |
— |
| 2 |
| Foreign Owned Establishments (FOE) as indicator of foreign direct investment (FDI) |
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| Number of foreign-owned establishments (FOE) |
|
LAEDC/WTC Los Angeles |
LINK |
| 3 |
| Foreign Owned Establishments (FOE) |
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| Number of jobs in foreign-owned establishments (FOE) |
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LAEDC/WTC Los Angeles |
LINK |
| 4 |
| Public-Private Partnerships |
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| Number of P3 funding/executing Foreign Direct Investment programs |
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— |
| 5 |
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| Number of jobs created, total invested |
|
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— |
| 6 |
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| Number and types of services offered for Foreign Direct Investors |
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| WTC-LA and other similar brokers |
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| 7 |
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| 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 |
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| U.S. Census Bureau, USA Trade Online |
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| 10 |
Exports |
| Number of export-ready businesses |
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| U.S. Census via International Trade Administration |
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| 11 |
| STEP (State Trade and Export Promotion) Grants & number of agreements awarded in LA County |
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— |
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| 12 |
| International trade relations |
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| Number of conferences/events for international investors, buyers and exporters |
|
— |
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| 13 |
International trade relations |
| Number of Key Trade Missions executed per year by industry and value of joint ventures if any |
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— |
— |
| 14 |
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| Net dollars exchanged in two-way trade with strategic countries |
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LAEDC |
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| 15 |
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| Total number international students |
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| USCIS via Brookings Institute |
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| 16 |
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| LAX overseas port of entry arrivals |
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— |
7.Build more livable communities
| GOAL 7 Metrics |
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INDICATOR |
UNIT OF MEASURE |
DATA SOURCE |
LINK |
| 1 |
Income Inequality |
Gini Index |
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| 2 |
Homelessness |
Number of individuals assisted as County spends more resources on homelessness |
|
— |
| 3 |
Homelessness |
Number of homeless persons in LA County |
| Greater Los Angeles Homeless Count |
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| 4 |
Recidivism rate |
% 3-year recidivism |
| California Department of Corrections and Rehabilitation |
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| 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 |
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| 7 |
Public/Nonprofit collaboration |
Number of government contracts awarded to nonprofits |
|
— |
| 8 |
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| % housing burdened (paying >30% income on housing) |
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| Joint Center for Housing Studies at Harvard University |
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| 9 |
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| Percent LA County residents without health insurance |
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| 10 |
Commute Time to Work |
Average Time to Work |
ACS Explorer |
— |
| 11 |
| Number of CalFresh/SNAP farmers markets |
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| Los Angeles County Department of Social Services |
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| 12 |
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| Census tracts in LA County considered “Food Deserts” by federal standards |
|
USDA |
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| 13 |
| Residential construction activity |
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| Total number of building permits issued per year |
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| Construction Industry Research Board via SCAG |
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| 14 |
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Next 10 |
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| 15 |
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| Total cities with formalized complete streets policies |
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— |
| 16 |
| Access to parks/open space |
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| 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. |
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| ParkIndex (GreenInfo Network) via UCLA Environmental Report Card |
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| 17 |
| Renewable energy capacity |
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| In-State Renewable Projects On-Line Capacity in Megawatts |
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| California Energy Commission |
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— |
| 18 |
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| California Office of the Attorney General |
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| 19 |
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— |
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| 20 |
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| average # persons/weekday |
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— |
— |
