Employment rates are at an all-time high in the city of Inglewood. By focusing on hiring local residents, engaging minority and women owned businesses, and supporting small businesses, Inglewood has created thousands of new jobs in the last eight years. So many, in fact, that in May of 2017 Inglewood’s unemployment rate dropped to 5.4%, a 30 year low.
The new land developments in Inglewood have brought more than tax revenue to the city – they’ve also brought jobs. During negotiations with developers, the City Council made it a priority to hire Inglewood residents at the new venues. This has led to 40% of the Forum’s workforce living in the city of Inglewood itself, with some earning over six-figures in wages. The council has also placed 35% local-hire set-aside agreements in new development contracts, and expects the creation of 40,000 new jobs during the construction phases alone.
Local businesses have always been, and remain, the backbone of Inglewood. With commercial rents in the city remaining extremely competitive, new and existing small business owners are able to thrive in the city (Inglewood State of the City 2017), enabling more than 250 small businesses to open in 2014 and 2015.
In 2017, Inglewood was declared a finalist for the “Most Business Friendly City” in Los Angeles County.
Minority and Women Owned Businesses
As a minority-majority city, Inglewood leaders are working to ensure that the city’s locally owned and operated businesses are able to compete with large corporations for contracts. That’s why in 2017 alone, $166 million worth of subcontracting work has been awarded to women and minority-owned businesses.