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L. BUSINESS TRENDS (CHURNING) ACTIVITY
This
Section presents analysis of historical business trends
within the College Service Area and for the County of Los
Angeles. The analysis entails identifying the Service Area
business base by 4-digit SIC Code at a prior point in time
(April 1999). From this point in time a snapshot is taken
of the same business base 5 years later within the same
Service Area Zip Codes. This analysis reveals changes in
this base including numbers of business failures (by industry,
number of employees, and gross sales estimates). The analysis
also shows the number of new business start-ups, in-migrants,
and out-migrants from this same College Service Area. This
analysis reveals the extent of “business churning” (a
measure of business start-ups and failure activity). The
data is presented at the Zip Code level as well as summaries
for the County. Such historical business data is not readily
available from government sources which typical only provide
similar data at the City or regional level. This data is
derived from a unique source, credit bureau agencies and
is more current and inclusive (includes sole proprietorships)
than typical government data. This information is derived
from the business data publishing firm, BizMiner.
This information is useful in understanding business trends,
economic health, and workforce conditions so that community
colleges can provide more focused business assistance and
workforce training strategies at the local level. The products
include data tables and maps.
The following Exhibits are contained in this Report section:
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