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Home My WebLink About2006-05-02 - AGENDA REPORTS - LABOR MARKET STUDY (2)CITY OF SANTA CLARITA Agenda Item: INTEROFFICE MEMORANDUM TO: Mayor Weste and Members of the City Col FROM: Kenneth R. Pulskamp, City Manager DATE: May 2, 2006 SUBJECT: LABOR MARKET STUDY AND IMPLEMENTATION PLAN OVERVIEW RECOMMENDED ACTION City Council receive the City of Santa Clarita Labor Market Study Executive Summary and approve the Implementation Plan for the City's targeted business attraction, expansion and retention efforts. -XTWOM615W C11 The City of Santa Clarita's Economic Development Division hired Alfred Gobar Associates, a real estate research firm with nearly 30 years experience to conduct a Labor Market Study of the City's workforce in June 2005. The purpose of the study was to analyze the City's resident labor market and its potential, identify characteristics of the workforce that commute to jobs within and outside Santa Clarita, highlight workforce skills and experience, and provide information to assist businesses in relocating and expanding to the City. Areas of concern to the City as it continues to grow include: the jobs -to -housing imbalance; the creation of high quality, high paying jobs in the City for our residents; reduction of traffic congestion; the expansion of the City's four targeted industry clusters, including aerospace manufacturing, bio-med, high technology and media, and the maintenance of a high quality of life for City residents. The data obtained from the Labor Market Study provides an informational benchmark of the City's workforce and industry clusters. As a result of this Study, staff is developing an implementation plan to be utilized in the City's business attraction, expansion and retention efforts in the identified key industry clusters. FISCAL IMPACT There are no fiscal impacts. ATTACHMENTS Labor Market Study Executive Summary and Implementation Plan KRP:CLR:Iep s/econd"Aabor base analysis study session4ep A, In LABOR MARKET ANALYSIS City Council Study Session Economic Development Division May 2, 2006 Agenda/Overview • Why the Need for a Labor Market Study? — Enhance quality of life for Residents/Commuters • Targeted Business. Attraction & Expansion Efforts __ . _Inhc }n Nni�cinn Imhninnnu STUDY OVERVIEW Survey Assessment of Santa Clarita Area tabor Force PURPOSE OF STUDY Provide A Compendium- tyle Assessment Of Resident Labor Force Identify Characteristics of Workers That Travel To Jobs: O Outside Santa Clarita Within Santa Clartla tminhllnh{.I nr.l W,0,n CWM..nA c—A.- 1 LABOR MARKET STUDY SCOPE AREA ECONOMIC GROWTH OVERVIEW • Labor Market Advantages/Challenges HOUSEHOLD PROFILE • Demographics/ Housing / Income / Lifestyle Attitudes LABOR FORCE PROFILE Area Has Emerged As Attractive Destination For Regional Economic Growth Area Attraction Evident From Following Forms Of Growth Since 2000 .. T,Yea Hew eeeldenb Per Yaer... • 19e New aesleanle Fx Week Area Households: • 9.98%Annually, , • :.,ao New Household, Arrive hr Ymr' • 15New Householfb Arriving Per Week* • Average Houmhoidlrwose-590410:`: WORKFORCE CHARACTERISTICS • Industry Experience And Occupation Skills • Selected Work Groups • Workforce Education/Tenure/Travel/Earl Santa Clarita Area Hosts A Highly Qualified And Motivated Workforce Sizeable Pool Of Workers • 192,000 Adult Residents In the Workforce High Rate Of Participation • 1.58 Workers Per Household - Compared To 1.25 For The Region Overall Highly Educated 81% Of workers Have cone To College • 52% Of Yorkers Have 4 -Year College Degree ` Marketable aid Its = k $55,4009eally Gross Pay, Per Walker On Average F Goor7 Attitutles - 99%Ara Satisfied with The Job They Are Doing 4. ew. cee. �ee.v.nw pr,.w. I AREA LABOR MARKET CHALLENGE Area Appeal Is Attracting Business's and Job Opportunities: 82,000 Local Jobs Forecast For 2005 Up From 88,900 Jobs In 2000 47% Of Households Have Children Present Under 18 Years Of Age OWNER -RENTER STATUS ALL HOUSEHOLDS . 12% Of Households Include A RetGement Age Householder Head Of Household Over 64 Owner Despite Gleaming Economic Growth, A Shortage Of Local Jobs Continues: 59%01 Local Workers Must Commute To Jobs Outside Banta Clarity LIFESTYLE ATTITUDES SATISFACTION WRN SELECTED LFESTTLE FACTORS �awea snM, - a4 mixeapPonww as gq�e�bwpla as 3 WORKFORCE CHARACTERISTICS - INDUSTRY SECTOR EXPERIENCE OF WORKFORCE Do W1 Iaary 3anicw � A9im14e�WN11 294 4�.a careuueuon JOa LOCATION SY IWNIDUAL EMNINDa RANGE tea _ swosswnvMswn4cwvrA as __ ow----EewIlADVAm_____ WDRXFORCE MIX W SEANCES -4e% %ORUORCEMMINMMUFACTURINO-13% Cq .. & rteE,wl lEW 13% t4% 4 Work Commuters Leaw Saha Clarlta For Jobs In Followln9 Locations: 53% Of Workers Must Endure LON CommutscSbre01 Eesnwbd For Job Oppwmmifiba Outside Santa Owlta ICo,,.,arl Foal San Fernando Valley£aeeCentml 44 9 San Femando VAlley-West/WastLA 12% 7900 Downtown LASan Gabriel Volley -West 14% 9 00 Mid DabaSamN-0entrab3an(iabrb1 Valley 5% 3300 Ventura County 7% 4500 Antelope Valley S% ". 3900 Ekewbara Outalde Santa Clarita iVea _ Workbroe Commubre. / ' w� trove •ens. top Commuter Dastlnatlons in Sen Fernando Val Van Nuys •Burbepk ,•Glendale F,,.LM x4111�(,MAalb;Ad/ 1E4 ey Include; I ` 7900 ' I ' •Sylrr�er 4 Occupations With High Share Of Workers "Very Likely" To Change Jobs ,c Each Target Industry Involves Goods -Producing And Service Providing Jobs Its Y t� Technical Nature Of Industries Emphasizes Following TARGET INDUSTRY WORKFORCE Four Industry Groups Are Targeted For Future Job Growth Target IndUStfy Workforce Share Store Full-Tkne Pan -Time Luca Work p Ar Very Ee9mmae 95% 5% 30% 706 WOrkere L'kBl P001 Technologies Tech a rhlated Support 6.1% 45% 3,400 ExecuVv %dnnIWgr 179% e4% 9.900 ,c Each Target Industry Involves Goods -Producing And Service Providing Jobs Its Y t� Technical Nature Of Industries Emphasizes Following TARGET INDUSTRY WORKFORCE Four Industry Groups Are Targeted For Future Job Growth Target IndUStfy Workforce Greater Share Work Full•Tlme and Commute To Jobs Out Of Area Full-Tkne Pan -Time Luca Work Workers Workers Workers Commute Aerospace 95% 5% 30% 706 alomediwl 88% 14% 42% 58% Technologies 94% 8% ' 38% 54% Flli rrelsalsion .88% 12% 42% 58% ' r Target industry, ,.. _. 5 i arge,t Indus ry W,.)ikfcrc Target Industry Workforce Is Estimated As Follows Slave 01 E.tinutad w.ft. Pool A.ro.pws 5.0% 8,900 Sarda RegionalSable Los Cladta Areamin Claritaard Angeles Area 3WAnutes Re ion cot f iFuio�r i �1a > !<io�c 1-: C�ufa;a ariiiy Local High Level Education A Lead Quality For Diverse Regional Workforce Santa RegiomlSaha Los Claris Area An C1=.,, Argeles Area 3041inuee R89ron CaunN Education Of Adues: High S9hoole. LaIN0e9g 2 0% 48% 42°s 48% 19 I Tn0r ll% PoGee 2 % 8%reC 8% Economic Development Division Seeks Greater Balance By: Marketing Community Resources For Business and Workforce •. Development Projects and Sites Attract Targeted Industries ! Film Aerospace, Biomedical, Technologies 1 Part Or wljl�COf unity .Organiutions and Cogege t S�pnsor[n Studies To Identify Freonomic Csrowth 6pporturdiv, 9 Lsh'bor,TderketS uey`busineas Llustei lledlysia x ea,,. w.i. u4 l!trtvsiwr sa