General Plan Update - City of Inglewood

Chapter 1 - INTRODUCTION
1.1 Background and Purpose of Report
The purpose of this report is to provide an understanding of the existing demographic and
economic conditions and trends in the City of Inglewood and the larger growth dynamics of the
surrounding area. This economic trends report includes baseline data and trends related to
population, housing, employment, taxable sales and residential and non-residential market
conditions.
The findings of the report will provide the framework for preparing economic goals and policies
and facilitate discussion of existing and future economic development efforts. These goals and
policies will be developed within the context of the General Plan to insure that the City is able to
maintain a strong economic base and take advantage of future employment opportunities. A
strong economy not only provides the local workers with adequate income to afford a high
quality of life, but it also provides local government with adequate public revenues to maintain a
high quality of public services.
The goal is to identify target economic opportunities that are both realistic and compatible with
the City’s General Plan vision. In this context, the growth of the City’s economic base will
depend on the identification of key industries that can be attracted to the City and support a
diversified economy. Job types, salary and skill levels, income, land availability and location,
and housing affordability are also important attributes of the economy.
1.2 Organization of Report
The following chapters of the report address the existing demographics and market conditions in
the City, as well as economic trends.
• The Executive Summary presents key economic issues and opportunities;
• Chapter 1 presents the background, the purpose and organization of the report as well
as the geographic study area boundaries and sources of information;
• Chapter 2 – Community Overview, provides demographics related to population,
households, income and labor force for the City compared to other South Bay
communities and Los Angeles County;
• Chapter 3—Business Setting, covers economic trends on employment and wages for
the City and the County;
Stanley R. Hoffman Associates, Inc. 1 Economic Conditions and Trends
April 20, 2006
City of Inglewood General Plan Update