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Employment, Construction and Tax Statistics Released for District 2

Paul Krekorian's office releases data of the east San Fernando Valley.

City Council District 2 stretches from the hills of Studio City to the edge of Verdugo Mountains Park in Sun Valley. It is also home to the NoHo Arts District, a region brewing with creativity, as well as entertainment production studios along with parks and schools. One of the least densely populated districts due to its large area (approximately 50 square miles), District 2 is home to roughly 5,300 firms and 53,000 jobs.

Employment and Firm Statistics
-Employment in District 2 grew by approximately 1.4 percent in 2011, to 53,356 jobs, continuing to grow since
hitting a trough of approximately 51,000 jobs in 2009.
-Annual wages declined approximately 1.8 percent in District 2, compared to the citywide increase of
approximately 5.0 percent.
-Under the former district layout, District 2 accounted for 55,292 jobs in Los Angeles in 2010. Under the new
district layout, District 2 would account for 52,635 jobs in that same year.

Construction
-Residential building permit values, at a total of $24.5 million, are somewhat off the historical pace for the
District, but are well off the exceptional pace of 2011, when 421 multi-unit residential permits were issued. So
far in 2012, 45 multi-unit residential permits have been issued.
-Non-residential planned construction struggled in the first half of 2012, with building permit values totaling
$4.0 million, compared to $147.1 million in 2011 and $58.2 million in 2010.

Gross Business Receipts and Sales Tax Revenue
-After four years of decline, District 2 gross receipts grew slightly in FY2011-12, by approximately 1.8 percent.
-Gross receipts in the District’s largest sector, retail trade, grew by approximately 9.4 percent. Growth in arts
and entertainment was tremendous: 134.3 percent. Indeed, the five largest sectors in the District all grew in
FY2011-12. Only health care and construction declined from FY2010-11 levels.
-Sales tax receipts rose by 7.6 percent in the 2011-12 fiscal year, to $21.8 million, more than doubling the 3.6
percent increase in consumer spending in FY2010-11.

Information from the Los Angeles Area Chamber of Commerce 2012 report, which is compiled from statistics from the City of L.A.'s Office of Finance, Department of Building and Safety and the Quarterly Census of Employment and Wages. Read the whole report for all 15 Council Districts here (.pdf). 

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