Why Do Business in LA?
We are also home to internationally and nationally critical infrastructure. More than 40% of American imports travel through the Ports of Los Angeles and Long Beach (the San Pedro Port Complex). Those ports connect to an intricate system of railways and interstate highways that can get your products anywhere you need them to go. Our ports continually look ahead at ways to improve efficiency and implement ideas to expand our Ocean Economy.
Los Angeles is without a doubt the home of film and television, but we’re also home to impressive industry clusters. Our industry clusters are known for innovation as creative collisions occur where industries overlap, driving new business concepts, making the Los Angeles Region the creative capital of the nation. Los Angeles is where high technology and manufacturing super sectors employ hundreds of thousands of workers.
LAEDC is working to foster the growth of well-paying jobs in the critical industries of Los Angeles County, and you can learn more about that work below:
With a worker base of nearly 5 million people and as home to dozens of mature and growing industry clusters, Los Angeles County is plentiful with skilled employees. A diverse economy made up of a broad range of industries, Los Angeles County has excelled in creating and attracting a robust workforce with a wide range of skills – set to meet a world-class company’s needs.
LAEDC is committed to an intentional regional economic development approach focused on improving economic wellbeing and quality of life. That means actively working to remove barriers to employment and ensure individuals have the skills needed for high-wage jobs.
The Center for Competitive Workforce
The Center for Competitive Workforce – a partnership between organizations like the LAEDC and the county’s universities and colleges – has led to developing industry-specific curriculums, increasing job opportunities for the county’s college graduates.
Los Angeles County has a variety of incentive programs available to microenterprises and small and large businesses. However, most large incentives are targeted, but not limited, to manufacturing companies (manufacturing, high tech manufacturing, and R&D) that plan to utilize large numbers of employees in the targeted community. Many factors can lead to a final location decision, and incentives should not be the only reason to consider a location. Potential business incentives may be offered at the federal, state and local levels.
The State Integrated Opportunity Zone Map depicts California’s Qualified Opportunity Zones (OZs).
California provides planning tools and incentives in these zones in key priority areas. These key priority area investments in OZ boundaries include sustainable transportation projects, cap-and-trade climate investments, and high-speed rail alignments.
FOREIGN INVESTMENT IN LOS ANGELES
5 Reasons Why Los Angeles County is the Place for International Business
- A huge consumer market with more than 10.2 million people buying goods and services
- The No. 1 Customs District in the U.S. in two-way trade value
- The world’s leading trade and logistics infrastructure with the two largest seaports in America (Los Angeles and Long Beach), the Alameda Corridor rail system and the U.S.’s third most active international cargo airport, LAX
- Networks of business executives from every country, who cultivate ties and understand the culture, so it is easy to do business here, and thousands of foreign-owned establishments based here
- 100 consulates located within Los Angeles County