Economic Community Assessment on West Hollywood California Essay

westside Hollywood is a city interconnected in the County of Los Angeles in California, U. S. The city was founded in 1984 and currently, it has a population of 37,000 except the figure swell at night and over the weekends or during major events such(prenominal) as Gay and Lesbian parades. The city is one of those notably populated with gays in the U. S with well over 41% of the keep down population being gayThis paper will discuss the sparing details of the West Hollywood metropolis in terms of living accommodations costs, types, ages, ownership etc, household incomes, resources available for families, major businesses, usagement statistics and other stinting assessments of the city. Business The current egress of businesses ( infinitesimal and large) in West Hollywood metropolis is 1,654. Owing to the fact that the society is changing, more immigrants ar coming in and the technology is advancing, then, the business will grow to a higher train in the near future and that the number of business units will spread geographically and size wiseBusiness profiles Category Number State(California) sell/wholesale and manufacturers 860 53% Corporate Headquarters 35 2% military service providers 487 29% Production T. V, radio, publishing etc. 70 4% Professionals 202 12% The main occupations of the people in the area are design, cultural activities, small business and small scale farming in the western leave-taking of the city. Employment The top ten employers are Los Angeles County MTA, Pacific Design Centre, The Lot, base of Blues, The Vons Companies, Wyndham Bel Age Hotel, City of West Hollywood, Hyatt West Hollywood, The Mondrian Hotel and Le Parc.These companies employ a huge majority of the population especially the young adults amidst the ages of 24-44 grades. The rate of unemployment in the City is currently at 2. 9%. harmonise to a survey conducted in 2000 on the employment statistics of the region, the number of persons operative full time w ere 66% of the total population, 8% working offend time, 3% were unemployed, 15% retired and 8% not falling in all category.Compared to the Los Angeles unemployment rate which is 3.5% and that of the United states which is now at 3. 7% according to the latest figures by the U. S Bureau of statistics(U. S Bureau of statistics 2006, (2006) Employment statistics, U. S Bureau of statistics) Housing Most of the houses were built during the 1950s and constitute approximately 30% of all the buildings in the city today. The rest were built afterward or earlier than that i. e. 1940s-16%, 1940s-8%, 1960s- 23%, 1970s-18%, 1980s-6%.And 1990s- 1% There has also been a number of hosing structures which were built in the last five years but they are still under construction or have conscionable been completed. There are in general 22,000 households in West Hollywood occupied by the over 37,000 persons. According to information contained in the City of West Hollywood Housing element, 2000, the number of households that contain single persons has change magnitude i. e. from 42% in 1994 to 55% in 1998.The number of households with children in the year 2000 was about 2% and the figure is expected to increase given that the number of lesbian and gay marriages is on the increase. The house situation in West Hollywood City is considered favorable and even in surplus divergence by the number of houses which are currently vacant. Compared to other areas where there is deficit of caparison units, the city boasts of an organized housing structure planned, designed and constructed in a sophisticated manner.Those houses occupied by the councils and the government authorities institutions such as schools etc comprise about 10% of the buildings while the rest are residential, manufacturing and business premises. All the business houses pay taxes to the local authority. The type of housing as described by the figure below shows that more families are staying single per housing unit. Depending on the size and the ownership of house, the rent of the housing units range from $ 10,000 to as $60,000 annually. Most of the housing units are apartments