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San Gabriel Valley SAN GABRIEL VALLEY: INDUSTRY and EMPLOYMENT OVERVIEW FEBRUARY 2014 ECONOMIC AND POLICY ANALYSIS GROUP Los Angeles County Economic Development Corporation Los Angeles County Economic Development Corporation 444 S. Flower Street, 37th Floor Los Angeles, CA 90071 (888) 4-LAEDC-1 www.LAEDC.org February 2014 Christine Cooper, Ph.D. Shannon M. Sedgwick This a report commissioned by the San Gabriel Valley Economic Partnership. The LAEDC Economic and Policy Analysis Group provides objective economic and policy research for public agencies and private firms. The group focuses on economic impact studies, regional industry analyses, economic forecasts and issue studies, particularly in workforce development, transportation, infrastructure and environmental policy. Every reasonable effort has been made to ensure that the data contained herein reflect the most accurate and timely information possible and they are believed to be reliable. The report is provided solely for informational purposes and is not to be construed as providing advice, recommendations, endorsements, representations or warranties of any kind whatsoever. Table of Contents 1 Introduction 1 2 Demographic Overview 2 Current Population 3 Race and Ethnicity 4 Educational Attainment 5 Households 6 Households 6 Poverty 7 Housing 8 Commuting to Work 10 Income 11 Resident Employment by Industry and Occupation 12 3 Industry Employment 14 Current Industry Composition 14 Largest Industries Today 14 Change in Employment over Time 15 4 Industry Clusters 19 5 Competitive Industries 20 Competitive Industries 20 Performance of Competitive Industries 21 Size, Competitiveness and Performance 23 6 Sub-Regional Overviews 25 North SGV Sub-Region 26 Southwest SGV Sub-Region 28 Southeast SGV Sub-Region 30 Appendices A-1 Detailed Tables A-1 Description of Industry Sectors A-43 Study Authors A-44 17 This page intentionally left blank San Gabriel Valley: Industry and Employment Overview 1 Introduction ith more than 30 cities and 1.8 million residents, the San Gabriel Valley forms an economic region Exhibit 1-2 covering 385 square miles that stretches across San Gabriel Valley Zip Codes Wportions of northern and eastern Los Angeles County. Zip Code Area Zip Code Area Exhibit 1-1 displays the area spatially. 91001 Altadena 91715 City of Industry 91003 Altadena 91716 City of Industry Exhibit 1-1 91006 Arcadia 91722 Covina San Gabriel Valley 91007 Arcadia 91723 Covina 91008 Bradbury & Duarte 91724 Covina 91009 Duarte 91731 El Monte 91010 Azusa, Bradbury, 91732 El Monte Duarte, Monrovia & 91733 South El Monte Irwindale 91734 El Monte 91011 La Canada Flintridge 91735 El Monte 91012 La Canada Flintridge 91740 Glendora 91016 Monrovia 91741 Glendora 91017 Monrovia 91744 City of Industry, La 91024 Sierra Madre Puente & Valinda 91025 Sierra Madre 91745 Hacienda Heights 91030 South Pasadena 91746 West Puente Valley 91031 South Pasadena 91747 La Puente 91066 Arcadia 91748 City of Industry & 91077 Arcadia Rowland Heights 91101 Pasadena 91749 La Puente 91102 Pasadena 91750 La Verne 91103 Pasadena 91754 Monterey Park 91104 Pasadena 91755 Monterey Park 91105 Pasadena 91756 Monterey Park 91106 Pasadena 91765 Diamond Bar 91107 Pasadena 91766 Pomona Sources: ESRI; LAEDC 91108 San Marino 91767 Pomona 91109 Pasadena 91768 Pomona 91110 Pasadena 91769 Pomona 91114 Pasadena 91770 Rosemead The region is bounded to the north by the San Gabriel 91115 Pasadena 91771 Rosemead Mountains, to the west by the cities of Pasadena, South 91116 Pasadena 91772 Rosemead Pasadena and Monterey Park and to the south by the 91117 Pasadena 91773 San Dimas foothills that run south of and parallel to the SR-60 91118 San Marino 91775 San Gabriel freeway. Its eastern border lies on the San Bernardino 91121 Pasadena 91776 San Gabriel 91123 Pasadena 91778 San Gabriel county line. 91124 Pasadena 91780 Temple City 91125 Pasadena 91788 Walnut For purposes of employment and industry data 91126 Pasadena 91789 Walnut collection, the region is defined as an aggregation of 98 91129 Pasadena 91790 West Covina zip codes, shown in Exhibit 1-2 along with the cities 91182 Pasadena 91791 West Covina 91184 Pasadena 91792 West Covina within which each zip code falls. 91185 Pasadena 91793 West Covina 91188 Pasadena 91795 Walnut 91189 Pasadena 91801 Alhambra 91199 Pasadena 91802 Alhambra 91214 La Crescenta 91803 Alhambra 91224 La Crescenta 91804 Alhambra 91702 Azusa & Irwindale 91896 Alhambra 91706 Baldwin Park & 91899 Alhambra 91711 Claremont 91896 Alhambra 91714 City of Industry Economic and Policy Analysis Group 1 San Gabriel Valley: Industry and Employment Overview 2 Demographic Overview emographics play a key role in the growth and quality of the labor force and thus to a large extent determine the growth potential of the economy and Dits future employment. A selection of characteristics for the San Gabriel Valley (as geographically defined) and Los Angeles County is presented in Exhibit 2-1. Exhibit 2-1 Demographic and Income Characteristics 2012 SGV LA County Population 1,809,251 9,904,341 Median Age 37.1 34.9 Households 556,236 3,267,118 Average household size 3.20 2.98 Median household income $57,863 $51,329 Per capita income $24,520 $24,599 HH below poverty level (2009) 10.2% 13.8% Median home value $340,436 $ 336,821 Source: ESRI, 2009 ACS 5-year estimates The population of San Gabriel Valley in 2012 was over Just over 10 percent of the households in the San Gabriel 1.8 million in more than 556,200 households, accounting Valley lived under the poverty level in 2009, the most for approximately 18 percent of the population of Los recent year that this data is available for this custom Angeles County. The median age in San Gabriel Valley is geographic area. This was much lower than in the just over 37 years. county, where 13.8 percent of all households lived below the poverty level. Median household income in the San Gabriel Valley, estimated to be $57,863, is approximately 13 percent Median home values in the San Gabriel Valley are in line higher than the median in Los Angeles County. Per capita with those in the county as a whole, exceeding the Los income in the area, estimated to be $24,520, is in line Angeles County median by only one percent. with that of the county as it is only 0.3 percent lower than in the county as a whole. Individual socioeconomic characteristics are detailed on the following pages. 2 Economic and Policy Analysis Group San Gabriel Valley: Industry and Employment Overview Current Population Population dynamics are important to resource allocation and future planning and development in an area. The size of a population, along with its growth and/or decline, will affect an area’s standard of living, levels of consumption, environmental footprint, infrastructure needs, and more. Age distribution is one way to determine whether the population within an area is expected to grow, excluding all other factors. A large number of children in an area indicate an expected increase in population, while small numbers signify an expected decline. It is also one way of determining whether the population of an area is aging, which will affect the future needs of the area in terms of replacement workforce and provision of services. The age distribution of the population in the San Gabriel Valley is displayed in Exhibit 2-2. generation aging and the smaller replacement Exhibit 2-2 Generation X and millennials. Age Distribution of Population Total Population: San Gabriel Valley 2012 1.8 million The population of Los Angeles County is projected to grow by 1.7 percent by 2017, a nominal increase of 0 - 4 years 5.9% 166,400 people. Thus, the population growth of the San 5 - 9 years 6.2% Gabriel Valley will be responsible for 16 percent of that 10 - 14 years 6.9% 15 - 24 years 14.9% of the county. 25 - 34 years 13.4% 35 - 44 years 13.4% Exhibit 2-3 45 - 54 years 14.3% Population by Sex 55 - 64 years 12.1% San Gabriel Valley 2012 65 - 74 years 7.0% 75 - 84 years 4.0% 85 + years 1.8% Sources: ESRI; LAEDC Male Female 48.9% 51.1% Just over 68 percent of the resident population is of working age (between the ages of 15 and 65 years) Sources: ESRI; LAEDC compared to 69 percent in Los Angeles County as a whole. Seniors (those over the age of 64) account for The human sex ratio is the ratio of males to females in a 12.8 percent of the population, higher than the 11.3 population. In the San Gabriel Valley in 2012, there were percent in the county. 955 males to every 1,000 females, lower than in Los Angeles County where there were 975 males to every The population of the San Gabriel Valley is projected to 1,000 females. grow by 1.5 percent to 1.8 million residents by 2017, a nominal increase of nearly 26,600 people. The population is expected to age slightly, as the share of residents aged 65 years and older increases from to 12.8 percent in 2012 to 14.5 percent in 2017. Research indicates that this trend, typical across the nation, is attributable to the relatively larger baby boomer Economic and Policy Analysis Group 3 San Gabriel Valley: Industry and Employment Overview Race and Ethnicity Exhibit 2-4 Ethnicity and race are two distinct classifications. There Racial Composition are several characteristics that may be more likely to be San Gabriel Valley 2012 common to a population within the same race and Pacific White ethnicity, including language, educational attainment, Islander 45.6% unemployment, size of household, and other cultural, American 0.1% economic and social characteristics. As such, we identify Indian 0.8% Black both classifications for the resident population of the San 3.8% Gabriel Valley.
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