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• W3124604310 abstract "Quarterly Report Center for Real Estate and Urban Economics • University of California, Berkeley • Dec. 1992 Company Relocations and Southern California Job Loss o what extent is business flight contributing to the harshness of the recession in Southern California? While job loss may be inevitable given national economic conditions and the industrial mix of the region, the loss of firms to other states must be linked to local conditions as well as to national trends. A comparison of plant relocation trends to overall employment trends in Southern Cali­ fornia shows the degree to which business flight has contributed to the region's recent job losses. T from many different economic sec­ tors. CREUE has taken the EDC listing of firms and categorized firms by location of origin and of destination, by industrial type, by employment size and by year moved. The follow­ ing discussion is based on an analysis of this listing and a comparison of this data to overall employment trends in Southern California. Small Numbers of Firms, More Employees As of September 1992, the EDC had identified a total of 248 firms that have relocated from Southern California since 1985, or have an­ nounced plans for relocations that will occur later in 1992 or in 1993. This is a very small number com­ pared to the total number of firms in (Continued on page 2) Tracking Firm Movement In Southern California The Los Angeles Economic Devel­ opment Corporation (EDC) has be­ gun tracking firm movement out of Southern California. The organiza­ tion has done so by communicating with local private industry councils and real estate firms, with firms specializing in corporate moves, and with economic development agencies in other states and cities outside of California, where companies have relocated. The resulting list of firms, while not a scientific sample, appears to be quite comprehensive, covering many locations and identifying firms FIGURE 1 Company Relocations Out of Southern California By Size of Firm Employment Size Category Number of Firms Source: CREUE from Los Angeles EDC data." @default.
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• W3124604310 date "1991-01-01" @default.
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• W3124604310 title "The Baby Boom, Pent-up Demand, and Future House Prices" @default.
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