Investment Overview

The Angels, often referred to by its initials L.A., is the commercial, financial, and cultural center of Southern California. With a population of roughly 3.9 million as of 2020, it is also the largest city in the state of California and the second most populous city in the United States after New York City, as well as one of the world’s most populous megacities. Los Angeles is known for its Mediterranean climate, ethnic and cultural diversity, Hollywood film industry, and sprawling metropolitan area. The city of Los Angeles lies in a basin in Southern California adjacent to the Pacific Ocean extending through the Santa Monica Mountains and into the San Fernando Valley. It covers about 469 square miles and is the seat of Los Angeles County, which is the most populous county in the United States with an estimated 9.86 million as of 2022. Los Angeles has a diverse economy, and hosts businesses in a broad range of professional and cultural fields. It also has the busiest container port in the Americas. In 2018, the Los Angeles metropolitan area had a gross metropolitan product of over $1.0 trillion, making it the city with the third-largest GDP in the world, after Tokyo and New York City. Los Angeles hosted the 1932 and 1984 Summer Olympics and will host the 2028 Summer Olympics. More recently, statewide droughts in California have strained both the city’s and Los Angeles County’s water security. Los Angeles is often billed as the “Creative Capital of the World” because one in every six of its residents works in a creative industry and there are more artists, writers, filmmakers, actors, dancers and musicians living and working in Los Angeles than any other city at any other time in history.