Small Businesses

Key Takeaways Sources & Methods
  • There are approximately 5,225 small businesses in the South LA Promise Zone as of 2022
  • A large number of small businesses are clustered in the northeast corner of the South LA Promise Zone (close to Downtown Los Angeles)


Source: Reference USA Business Database

Notes:

  • Small businesses are defined as privately-owned businesses with a single location and less than 100 employees.
  • Data was pulled from the Reference USA database in September of 2022.

Active Businesses (of Any Size)

Key Takeaways Sources & Methods
  • There are 20,783 active businesses registered with the City of Los Angeles in the South LA Promise Zone that were open for at least half of 2023.
  • Over the last decade, the number of active businesses in the South LA Promise Zone has increased by over 4,000 businesses.


Source: City of Los Angeles Office of Finance

Notes:

  • A business is considered “active” in a year if it is operational for at least half of that calendar year.

Contractor Licenses

Key Takeaways Sources & Methods
  • Over the last decade, the number of people in the South LA Promise Zone acquiring licenses in Automotive Repairs, Construction/Contracting, Barbering & Cosmetology, and Security & Investigative Services has been increasing 
  • Between 2019 and 2023, over 3,775 people in the South LA Promise Zone acquired Security & Investigative Licenses, far more than any other license type.
  • In 2022 & 2023, a total of 76 people acquired a license for Construction/Contracting, more than in any other two year period.


Sources:

State of California Department of Consumer Affairs

State of California Contractors Licensing Board