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Article: L.A. business base diverse, but relatively unheralded.(The 100 Fastest Growing Private Companies)(Los Angeles County, California)
- Article from:
- Los Angeles Business Journal
- Article date:
- November 16, 1998
- Author:
CopyrightCOPYRIGHT 1998 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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When it comes to dynamic, fast-growing private companies, Northern California seems to grab all the attention. But those are precisely the kinds of enterprises that comprise the backbone of the economy right here in Los Angeles.
Some 95 percent of the approximately 272,000 business establishments in L.A. County have fewer than 50 employees, and 97 percent have fewer than 100 workers, according to the state Employment Development Department - roughly the same percentage as in Santa Clara County.
The difference, according to local business experts, is that L.A.'s business base is considerably more diverse.
"If you think about the structures of ...