Los Angeles, California is the epitome of a true global economy. Los Angeles has long been a haven for those who want to enjoy sunny California; the city itself had a population of 3,857,799 people in 2012, according to the U.S. Census Bureau. The Los Angeles metro area is markedly larger, with a population of 9,962,789 in 2013. Many of those residents work in the four major industries in the state, as reported by Forbes: Entertainment, Tourism, Aerospace and Technology.
The Los Angeles Mayor's Office of Economic and Workforce Development notes four key sectors of the growing economy:
- Logistics and trade. As home to Los Angeles International Airport and the Los Angeles/Long Beach Port, the area handles about 40 percent of the nation's containerized goods.
- Bio-tech and health sciences. With top-notch research and medical centers like Cedars-Sinai and UCLA Medical Center, this is where new biotech comes to grow.
- Creative industries. Movie magic is a big deal in .LA., generating one million jobs and over 100 billion dollars each year.
- Green technology. From solar panels to geothermal units to wind turbines and more, L.A. is heavily invested in green technology for a brighter future.
Many industries have found firm footing in Los Angeles, while new companies are growing at a fast clip. L.A. County boasts 14 Fortune 500 headquarters, including the following recognizable names:
- The Walt Disney Company
- Dole Food Company
- Occidental Petroleum
- AECOM Technologies
- Health Net
- Reliance Steel & Aluminum
- Edison International
- Live Nation
Those interested in opportunities in the L.A. area might seek employment at any of these well-established companies or subsidiaries, but there are also options in new, growing fields. Los Angeles metro area has dozens of companies in the Inc. 5000 list of fastest-growing businesses of 2013. The top spot was taken by Fuhu, a technology leader. Others in the top 100 include 29 Prime and eGumball, both in the technology industry, and Janes Capital Partners, a financial investment company.
With all of these business opportunities, exploring Los Angeles trade or technical schools may be a good idea for people looking for a satisfying career in Los Angeles.
Fortune 500 Headquarters in L.A. County, Los Angeles County Economic Development Corporation, http://chooselacounty.com/doingbusiness/fortune500.html
Los Angeles, CA, Forbes, http://www.forbes.com/places/ca/los-angeles/
Los Angeles, California, U.S. Census Bureau, http://quickfacts.census.gov/qfd/states/06/0644000.html
Los Angeles Mayor's Office of Economic and Workforce Development, http://www.losangelesworks.org/whyLaWorks/the-la-economy.cfm
Top Companies in the Los Angeles Metro Area on the 2013 Inc. 5000, Inc.com, http://www.inc.com/inc5000/list/2013/metro/los-angeles