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Discovering the Opportunities!

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Discovering the Opportunities! discovering the opportunities! ECONOMIC ROUNDTABLE REPORT Labor, Lifestyle, Los Angeles All Within Reach! 2009 Table of Contents Introduction ■ THE GREATER ANTELOPE VALLEY The Greater Antelope Valley Area Profile 1 The Greater Antelope Valley Economic Alliance (GAVEA) is proud to present Map 1 the 2009 Economic Roundtable Report. This report is a valuable tool in our economic development efforts to attract, retain, and grow business in the Greater ■ DEMOGRAPHICS Antelope Valley Economic region, which encompasses over 3,000 square-miles Population Detail 2 and includes both Northern Los Angeles County and Eastern Kern County. Now Comparisons 3 home to over 475,000 residents, the Antelope Valley has quickly become a Antelope Valley Cities 4-9 destination of choice for individuals, families, and companies seeking prosperity Rural Areas 9 and a high quality of life. ■ ECONOMY The Antelope Valley provides a thriving environment for economic growth and Major Employers/Industries 10 offers a wide range of benefits to businesses seeking to relocate or expand into our Workforce 10 area. Our region is unique to California in that it offers a business friendly climate Average Salary by Industry Sector 11 through the cooperation of our residents, cities, and elected officials. By reducing Cost of Doing Business 12 taxes to businesses and offering them more incentives to expand, the outcome is Enterprise Zone 13 increased job growth and an increase in private sector capital. The tax savings and Foreign Trade Zone 13 incentives provided within our Enterprise and Foreign Trade Zones together with Area Business Loans 14 an abundance of affordable commercial land and facilities help lessen the impact Business Lending - associated with start-up/relocation costs and allow businesses to increase their California Statewide CDC 15 Agriculture 16 profit margins. Unlike most regions, we also offer an educated, skilled workforce Film Activity 16 along with clean air and a quality of life that is hard to duplicate elsewhere. Aerospace 17 This report could not be made possible without the efforts and support of the Hotel/Industrial 18 GAVEA membership, a dedicated group of business and civic leaders partnering Business Parks/Industrial Space 18-19 with our cities and counties. This collaboration has allowed the Antelope Valley Transportation 20 to become one of the most viable economic regions in California and our work Retail Sales 21 is far from over. Our next undertaking is to make this region the wind and solar manufacturing capital of the world. Nevertheless, GAVEA will continue to ■ HOUSING help all businesses regardless of their industry to prosper and this will only be 2008 Housing Summary & accomplished through the continued support and participation of these leaders House Sales 22-23 2008 New Home Sales/ and businesses. Building Permits 24 Brian Schimelpfening Chairman of the Board ■ HEALTH CARE Greater Antelope Valley Economic Alliance Hospitals 25-26 Health Services 26 ■ EDUCATION Public Schools 27-28 Special thanks to the following: Private Schools 28 June Burcham Community Colleges/ Kaiser Permanente Universities 29-30 Melvin Layne President Greater Antelope Valley ■ QUALITY OF LIFE Economic Alliance Community Life 31-32 Harvey Holloway Coldwell Banker Air Quality 31 1028 West Avenue L-12 Suite# 101 Commercial Realty Lancaster, CA 93534. Water 31 Carrie Rogers www.aveconomy.org Weather 31 LAEDC [email protected] Laurel Shockley ■ MEMBERSHIP Inside Back Cover Southern California Edison ■ SPONSORS Outside Cover AREA PROFILE TOTAL POPULATION OF Ridgecrest GREATER ANTELOPE VALLEY REGION 476,845 TEHACHAPI MTNS Randsburg ANNUAL GROWTH Bakersfield 2008-2013 Projected 528,188 10.77% 2000-2008 Estimated 476,845 19.64% 2000 Census 398,598 20.17% California City 1990 Census 331,464 Tehachapi Mojave POPULATION BY ORIGIN Edwards Boron Not Hispanic or Latino 325,081 68.17% EDWARDS AIR FORCE BASE Barstow Hispanic or Latino 151,764 31.83% Rosamond POPULATION BY RACE White Alone 285,301 59.83% Lake Hughes Lancaster Quartz Hill Black/African American Alone 67,041 14.06% Lake Elizabeth Green Valley Leona Palmdale Lake Valley Los Angeles American Indian/Alaskan Native 4,926 1.03% Castaic Santa Littlerock Clarita Asian Alone 16,212 3.40% Acton Pearblossom Native Hawaiian or Pacific Islander 1,089 0.23% Valencia Newhall Some Other Race 76,984 16.14% Sylmar Ventura SAN BERNARDINO MTNS Two or More Races 25,299 5.31% Simi Valley Oxnard Burbank MEDIAN AgE 32.09 SANTA MONICA MTNS Pomona San Bernardino REGIONAL HOUSINg Average Family Household Income $71,096 Whittier Average Household Income $65,253 PACIFIC OCEAN Redondo Beach Riverside Housing Units 165,579 Anaheim Persons per Household 3.03 Owner Occupied 68.18% N Santa Ana Average Length of Residence (yrs.) 7 SAFETY RANGE ANTELOPE VALLEY USA-AVERAGE Crime Rate per 100K to 250K Pop 4,088 4,989 Crime Rate 25K to 50K Pop 2,933 3,760 ECONOMY Cost of Doing Business Low to Moderate Major Retail Sales $3,973,688,500 2007 Retail Sales Growth -6.86% 2008 Cost of Living Index (US avg. 100) 104.4 2007 Sector Job Growth .67% Kern AV Economic MAJOR ECONOMIC ImpACT AREAS Region San Bernardino Antelope Valley Mall Ventura Stores 140 Los Kiosks 58 Angeles Employees 1,700 Orange Riverside Air Force Plant 42 (no longer includes FAA) Payroll $576,517,200 Ethnicity Local Contracts $28,046,635 5.13% Other Speaking Employees 7,039 22,609 Edwards Air Force Base Employees 11,546 19.23% Military 2,581 Spanish Speaking Civilians 8,965 84,650 Military Family Members 2,469 Local Contract $574,390,000 Total Payroll $559,951,000 9.08% Total Economic Impact $1,793,141,000 75.63% Age Specific Over 65 China Lake Primarily English Civilians 3,257 332,862 16.14% Military 631 50-64 On-site Contractors 1,720 Off-Site Contractors 1,231 44.54% Payroll 30.24% 18-49 Civilians $265,000,000 0-17 Military N/A Foreign Military 2,514 Visitors/Year 38,097 Total Contracts $603,000,000 Bankcard Programs $24,000,000 Source: Claritas, FBI, AV Cities, ACCRA, GAVEA, EDD, AV Mall, Airforce Plant 42, Edwards, Mojave Airport & Spaceport 55 China Lake, Mojave Airport & Spaceport. Economic Roundtable Report 2009 1 population detail ANTELOPE VALLEY POPULATION FORECAST 2010 2020 2030 Lancaster 168,032 215,468 259,696 Palmdale 176,506 259,712 337,314 Unincorporated -LA County 95,965 133,725 167,319 Greater California City/Mojave 20,847 26,561 36,755 Greater Ridgecrest 34,917 37,653 39,803 Greater Rosamond 23,974 27,892 33,889 Greater Tehachapi 35,631 43,688 52,491 Antelope Valley 555,872 744,699 927,267 Southern California Association of Government, SCAG Kern County Council of Governments, KernCOG. Population by Zip Code ZIP CITY 2006 2007 2008 93501 Mojave 4,619 4,713 4,369 93505 California City 11,791 12,267 13,283 93516 Boron 1,772 1,835 1,794 93519 Cantil 120 104 49 93523 Edwards 7,875 7,044 6,480 93524 Edwards 26 26 24 93527 Inyokern 1,904 1,866 2,268 Lancaster Palmdale 93554 Randsburg 45 39 298 93555 Ridgecrest 30,965 31,602 31,084 150,000 150,000 93560 Rosamond 16,557 16,659 16,704 93561 Tehachapi 29,804 30,639 31,784 120,000 120,000 TOTAL 105,478 106,794 108,137 93510 Acton 8,074 8,108 7,517 90,000 90,000 93532 Lake Hughes 2,857 2,852 2,679 93534 Lancaster 38,973 40,456 42,971 60,000 60,000 93535 Lancaster 63,469 66,611 71,893 93536 Lancaster 56,146 60,592 61,837 93543 Littlerock 12,240 12,492 11,588 30,000 30,000 93544 Llano 1,338 1,348 1,220 93550 Palmdale 73,611 74,692 79,654 2008 2000 2006 2007 2008 2000 2006 2007 118,718 138,392 143,818 145,243 116,670 141,012 145,468 147,897 93551 Palmdale 43,887 46,520 46,728 93552 Palmdale 30,826 32,441 33,194 State Rank in Size 38 37 37 State Rank in Size 36 36 35 93553 Pearblossom 1,497 1,528 1,372 Rank of Growth in LA County by % 2 3 8 Rank of Growth in LA County by % 3 4 3 93563 Valyermo 886 788 681 Annual Growth Rate 4.1% 3.8% 1.5% Annual Growth Rate 3.8% 3.0% 2.2% State Rank in Growth by % 52 59 136 State Rank in Growth by % 60 74 95 93591 Palmdale 7,060 7,050 7,374 % of Change from 2000 Census 16.6% 21.1% 22.3% % of Change from 2000 Census 20.9% 24.7% 26.8% TOTAL 340,864 355,478 368,708 State Rank by Numeric Change from 2000 Census 31 28 38 State Rank by Numeric Change from 2000 Census 20 20 19 OvERALL TOTAL 446,342 462,272 476,845 California City Ridgecrest Tehachapi 30,000 14,000 14,000 12,000 25,000 12,000 10,000 10,000 20,000 8,000 8,000 15,000 6,000 6,000 10,000 4,000 4,000 2,000 5,000 2,000 2008 2008 2008 2000 2006 2007 2000 2006 2007 2000 2006 2007 8,385 12,048 13,123 14,365 24,297 26,515 27,944 28,038 11,125 12,610 13,063 12,933 State Rank in Size 345 335 324 State Rank in Size 252 245 247 State Rank in Size 340 339 340 Rank of Growth in Kern County by % 3 1 1 Rank of Growth in Kern County by % 8 6 9 Rank of Growth in Kern County by % 1 5 10 Annual Growth Rate 4.2% 8.9% 9.6% Annual Growth Rate 0.6% 1.5% 0.5% Annual Growth Rate 5.5% 3.5% 0.3% State Rank in Growth by % 51 12 2 State Rank in Growth by % 432 126 350 State Rank in Growth by % 32 63 393 % of Change from 2000 Census 43.7% 56.5% 71.3% % of Change from 2000 Census 6.4% 12.1% 12.5% % of Change from 2000 Census 13.3% 17.4% 17.7% State Rank by Numeric Change from 2000 Census 164 145 80 State Rank by Numeric Change from 2000 Census 266 211 312 State Rank by Numeric Change from 2000 Census 270 261 396 Source: California Department of Finance.
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