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Friday, Mar 29, 2024

Local Cities Named ‘Business-Ready’

Santa Clarita, Thousand Oaks and Burbank ranked among the top 15 in a Verizon Business report that looked at the country’s most “business-ready” cities.Verizon Business compiled the report to find cities that are poised for significant growth as the economy recovers from the COVID-19 pandemic. Santa Clarita ranked No. 4, Thousand Oaks ranked No. 9 and Burbank No. 14 in the top group that included cities from California, Arizona, Texas, Missouri and Florida.Cities were ranked on six factors: mean income, unemployment rate, people with a college degree, number of business applications, percentage of population that started a new business and homeownership.

The compilation lauded Thousand Oaks’ “impressively low” unemployment rate of 2.9 percent. Burbank was called a “nexus for business-savvy living” and was highlighted for its mean household income of $103,777.Also, L.A. County city West Covina was named in the list, ranking No. 2. The top city on the list was Sugar Land, Texas.Averages of factors for all 15 cities were as follows: Average mean household income: $80,092; average unemployment percentage: 3.5 percent; average bachelor’s degree percentage of population: 24.5 percent; average number of business applications: 8,152; average percentage of population that started a new business: 0.36 percent; and average percentage of people who own their house: 58.7 percent.

Antonio Pequeño IV
Antonio Pequeño IV
Antonio “Tony” Pequeño IV is a reporter covering health care, finance and law for the San Fernando Valley Business Journal. He specializes in reporting on some of the biggest names in the Valley’s biotechnology sector. In addition to his work with the Business Journal, Tony has reported with BuzzFeed News on the unsupervised use of Clearview AI, a controversial facial recognition technology. Tony, who also conducts freelance reporting, graduated from the USC’s Master of Science in Journalism program in 2021. He is in his fifth year as a journalist as of 2021.

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