Los Angeles Business Journal Editor Charles Crumpley has the glowing results and painful realities on a LA Chamber of Commerce endeavor to foster business competition in the respective fifteen fiefdoms of the City of Los Angeles, as he reports in the Fox and Hounds Blog.
The chamber hired Beacon Economics to make a report showing how businesses are faring in each of the city’s 15 council districts. (The report, presented to the City Council early this month, was underwritten by Southern California Gas Co.) Beacon looked at such things as building permits, business revenues, sales taxes and job growth in each district. And then it lined up the results side by side.
Thus, we present the winners and losers with commentary after the jump.
Bernard Parks has the fewest businesses in his South Central district, but they enjoyed the greatest growth of receipts last year, 5.6 percent.
Meanwhile, CD 2 City Councilman Paul Krekorian was looking for the some missing .............
At the other end of that spectrum, businesses in Paul Krekorian’s East San Fernando Valley district and in Jose Huizar’s East L.A.-Eagle Rock district saw receipts fall by more than 18 percent each.
The Zorro Marxist is laughing with glee in knowing that ......... retailers in Richard Alarcon’s Northeast Valley district had the greatest percentage increase in sales taxes generated, up 9.1 percent compared with last year.
Councilman Huizar supporter/Legacy LA ally/ former Ramona Gardens RAC member Liliana Martinez's illegal taco stand.
Let’s get back to some of those revealing numbers and look at the most important category: job growth.
This is easy. Parks wins. His district grew jobs 9.1 percent last year, the second-fastest of all districts; the year before it was the only district to see an increase, and his was the only district to have job growth in each year from 2005-2010. This despite the fact that his district is among the most economically challenged.
CD 1 City Councilman Ed Reyes wading through toxic, low business flow.
On the other end we have Ed Reyes, the loser. His district north and west of downtown, saw jobs decline by 2.8 percent last year, the worst of all. And his district has generally underperformed in this important category since 2005.
In an article in the Oct. 10 issue of the Los Angeles Business Journal, Reyes said his district has “continued to feel the impact of the exodus of manufacturers” and they’ve left behind brownfields that take time and money to turn around.
Your thoughts ..............
Scott Johnson in CD 14
Labels: bernard parks, la chamber