Starting a business is a big undertaking and you want to make sure that you do all the proper research on the local industries and business climate before opening your doors. Over the past few decades California has been known as the launching pad for many different companies, products, and new ideas with new entrepreneurs constantly doing SR&ED research. Los Angeles is the home to one of the world's busiest ports, is a major financial center for the country and has an extensive retail and tourism market. Here are some of the basic details when it comes to Los Angeles's economy.

You might be surprised to hear that Los Angeles is home to the largest network of manufacturing firms in the country. There are more than half a million people in the Greater Los Angeles Region working in factories that are building everything from aircraft parts to doing electronic contract manufacturing. The largest sectors are steel production, apparel, computer and electronic products, transportation products, fabricated metal products, and food products. These each account for more than 40,000 jobs.

Detroit is the only city in the country that makes more automobiles than Los Angeles. All three major American car manufacturers have a presence in the city along with Honda, Nissan, Volkswagen, Mazda, Toyota, and Volvo. Thanks to the city's status as the first major port to Asia and the rest of the world there are nearly fifty American headquarters of international companies located in the city. If you're moving from working in forest products strapping systems, for example, you might want to think of catering your new local business to one of these sectors.

One of the best-known industries for Los Angeles is entertainment, as they have a huge presence in film, television, and music production. This is one of the reasons that the tourism industry also thrives year after year as people flock to the city in the hopes of catching a glimpse of one of their favorite stars or to go to one of the area's many theme parks. If you're tired of doing the same thing every day at work making pipeline strainers than you may enjoy moving into working in the hospitality or entertainment sector.

Like many other major American cities, there is also many opportunities for those working in healthcare, education, professional services, and construction. This is a city that seems to be endlessly expanding and adding new industries into its diverse economy. If you're thinking of starting a new business, whether it's consulting clients on gold bullion prices or providing star-studded tours around the city, it's important to pick the perfect location. There are many different districts in the city and if you're catering to a certain clientele than location might be more important than in most other cities.