For over a hundred years Los Angeles has been one of the most
effective growth machines ever created. This area of the West Coast is
blessed with abundant opportunity for prosperity, a good climate, and
great natural beauty, such as can be found nowhere else on earth. The
region has a distinct entrepreneurial culture and a depth of
intellectual curiosity that makes it a place of constant discovery, and
a place of almost continuous growth. Until every acre of this earthly
paradise is occupied, people will continue to move here.
The story of Southern California is largely an epic of real estate
investment and development. It has been real estate development and
associated activities -- buying, subdividing, building, selling, and
finance -- that have propelled Los Angeles into a great metropolis,
making it one of the largest cities in the United States. The desire to
own property is fundamental to the American experience -- both in
reality and in myth. This myth of the good life is embodied in LA. The
allure of it shimmers in the air -- an outdoor Mediterranean life style,
one of the nation’s largest and most vibrant economies, and an
opportunity for everyone to own his own piece of the dream.
- Los Angeles County is the world’s 18th largest economy.
- The LA five-county area is the world’s 11th largest economy in
gross domestic product, ahead of the Netherlands, South Korea, and
Mexico, and just behind Canada, China, and Spain.
- With about 200,000 small business, Los Angeles is the
entrepreneurial capital of the world. That’s nearly twice as many
small businesses as can be found in any other region of the United
- As a manufacturing center LA ranks second in the country, behind
only Chicago, and ahead of Detroit, New York, Philadelphia, and
Minneapolis / Saint Paul.
- On the basis of population, Los Angeles County would be the ninth
largest state in the United States. The LA five-county area is only
less than that of California, Texas, and New York. Its population,
15 million, is greater than that of every other state.
- LA is the largest retail sales market in the country, with $75
billion in sales in 1996.
- Los Angeles is the largest international trade center in the
United State. In 1996 LA county led the nation, with two-way trade
over $170 billion through the LA Customs District.
- Los Angeles International Airport is the third largest airport in
- Los Angeles / Long Beach harbor is the largest and busiest port
complex in the United States.
- LA’s technology industries have four times the gross domestic
product and diversity of Silicon Valley.
- Los Angeles is the world’s entertainment center, where every day
there are a hundred TV and movie production crews on location.
- LA has 1.2 million college graduates in a labor force of 7.4
- LA had 23 million tourists and other visitors in 1996 who spent
- Los Angeles comprises 88 vibrant and diverse cities, and many more
- LA’s lifestyle is the envy of the world.
top 14 industries in the Los Angeles area:
Business and professional management services
Wholesale trade and distribution
Technology, telecommunications, and aerospace
Motion picture and television production
Apparel design and manufacturing
Agriculture and food production
Furniture manufacturing and wholesaling
Auto parts manufacturing and wholesaling
Petroleum production and refining
Toy manufacturing and wholesaling
LA is a fantastic place to live. People here share the dream of
opportunity and adventure in a climate of year-long outdoor living,
especially remarkable for its winters with lots of sunshine. The region
has a unique combination of ocean, beaches, desert and mountains.
Los Angeles is a very large market in its own right, and it’s still
growing. It has a diversified economic base and excellent access to
national and international markets. LA is a leader in technology,
engineering design, environmental technology, and health services; a
leading tourist destination; a transportation leader; an excellent
environment for entrepreneurs; a major cultural center; a major center
for higher education; a major force in the entertainment industry; and
renowned for its weather and geography.
For more than one hundred years, since the first large-scale real
estate boom in the late 19th Century, countless thousands of people have
come to seek their fortune in Southern California. Indeed, countless
thousands of people have done just that - made their fortune in Los
Angeles. It is a place where dreams can and do come true. Now, on the
threshold of the 21st Century, the dream is as alive as ever.
Opportunities abound here for those with the energy and the will.
Los Angeles County Economic
Development Corporation: http://www.laedc.org
LA Profile (City of Los Angeles): http://www.ci.la.ca.us/labasics.htm
California Business, Transportation and Housing Agency:
California housing market and real estate trends: http://www.car.org/
Angeles Real Estate Success Stories | A
Short History of Los Angeles Real Estate | Land
Use and Society in America
Copyright © 1999-2009. All rights reserved.
This award-winning web site was designed by 2U3D