Economy of Los Angeles

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Published: 08th November 2012
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Most of the people are not aware from the fact that Los Angeles has been regarded amongst the most successful business countries in the whole world. Due to the transporting system this sector is increasingly making a huge name in earning much of the money and hence raising their economy standard. Some of the most famous and well distinguished companies are US Bancorp, Ernst & Young, Aon, Manulife Financial, City National Bank, Wells Fargo, Bank of America, Deloitte, KPMG and the Union Bank of California. There are many such sectors and divisions as well that are contributing towards the economic success of the Los Angeles adding with the international trade, entertainment, aerospace, technology, petroleum, fashion, apparel, and tourism. As we look upon the manufacturing segment of the Los Angeles then it is noted as the largest manufacturing sector in the United States. Los Beach has been regarded as the busiest port for the transportation and trading in the whole world.

In addition, the categories of the media, telecommunication, law, healthcare and transportation are also included in the list of the success level. The Los Beach earns the economy of $735.7 each year that is the biggest amount earned by any port company. This factor turns out this city as the biggest and largest economic sector after New York and Tokyo. According to 2010 survey of GDP this country has been the fifth most economic country in the world. This city even incorporates the 500 biggest companies in its city including the Northrop Grumman, energy company Occidental Petroleum, healthcare provider Health Net, metals distributor Reliance Steel & Aluminum, engineering firm AECOM, real estate group CBRE Group and builder Tutor Perini. Furthermore, many headquarters are also operating in the Los Angeles and half of the economic recommendations are undertaken from the division of the headquarters. Some of the prominently known and famed headquarters are The Coffee Bean & Tea Leaf, DeviantArt, Far East National Bank, Farmers Insurance Group, Fox Entertainment Group, Gibson, Dunn &Crutcher, Guess?,

Hanmi Bank, Herbalife, J2 Global Communications, The Jim Henson Company, KB Home, Korn/Ferry, Latham & Watkins, Mercury Insurance Group, Oaktree Capital Management, O’Melveny & Myers, Pabst Brewing Company, Paul, Hastings, Janofsky& Walker, Premier America, Premiere Radio Networks, Rentech, Sunkist, The TCW Group, Tokyopop, Triton Media Group, United Online, and VCA Antech. In addition, on the basis of the education this sector has been even making huge success. The University of South California gives out the $4 billion each year in the economic standard of the city. According to the survey of 2009 some of the most top earning Los Angeles sectors are County of Los Angeles, University of California, Los Angeles, University of Southern California, Cedars-Sinai Medical Center, Kaiser Permanente, Fox Entertainment Group, Farmers Insurance Group.On the whole after the detail discussion it has been revealed out that this was all about the economic success height of Los Angeles that is granting a new image and level to this city in the business universe.

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