Locational Advantage & Competitive Edge
The Gateway Cities COG region is located in the heart of one the most economically vibrant areas in California and in the nation. With access to global trade via one of the world’s leading full-service seaports, excellent commercial airport service, trucking and rail facilities that move ever-increasing amounts of imports and exports, a pending high speed rail project that will connect the region to other markets in California and elsewhere, and an improving network of roads and public transportation, the Gateway Cities COG region is the perfect location for giving your business the competitive edge!
The Port of Long Beach is one of the world’s busiest seaports, and is the leading gateway for trade between the United States and Asia. The Port’s economic impact on the region, and the United States, is immense and growing. In 2011, the Port handled:
- 6,061,085 containers (TEUs)
- 74.6 million metric tons of cargo
- Cargo valued at $155 billion
Viewed from a global perspective, the Port of Long Beach is the 18th busiest container cargo port in the world and the second busiest in the United States, behind the Port of Los Angeles (which itself handled over 7.9 million containers (TEUs) with a total cargo value in excess of $230 billion in 2011). Combined, they would be the nation’s busiest port and the 8th busiest port complex by container volume in the world.
Busy Seaport Means Tens of Thousands of Regional Jobs
The Port of Long Beach supports more than 30,000 jobs in Long Beach, and 300,000 jobs in Southern California. To reduce its environmental impact and attract more trade and jobs, the Port is undertaking a decade-long, $4.5 billion capital improvement program, with projects that include the redevelopment of existing terminals, building new wharfs, improving the railroad system, replacing a bridge that serves as a major commuter route and conduit for cargo trucks, and funding transportation corridor improvement projects.
These projects will ensure that the region will continue to serve as America’s gateway to global trade, and will create and sustain thousands of new temporary and permanent jobs in the region.
There are two international airports serving the region—Los Angeles International Airport (LAX) and John Wayne Airport (SNA)—located approximately 17 miles west (LAX) and 35 miles south of downtown Los Angeles (SNA), respectively. Over 63 million passengers and 1.8 million tons of air cargo were handled by LAX, and over 9 million passengers were transported through the John Wayne Airport in 2012.
The Long Beach Airport complex is centrally located within the Gateway Cities COG region, supports 43,000 regional jobs, and generates more than $11 billion for the regional economy. There are approximately 417 firms in the airport area alone. In terms of air services, the Long Beach Airport hosts four airlines that offer non-stop service to 13 U.S. cities, and serves over 3 million passengers annually. The Airport recently completed a new passenger concourse project designed to preserve the airport’s ease of use and provide passengers with world-class amenities and services.
Serving as a key component in the region’s transportation network and economy, the airport encompasses 1,166 acres and is home to commercial, corporate, and general aviation services, flight schools, air cargo, manufacturing, and two Class A business parks. Moreover, the area surrounding the airport is full of great opportunities for businesses in need of office, industrial, and/or retail space because of the economic value that the Airport complex brings.
For example, in 2011, the Airport complex was responsible for:
- Annual related payroll of $1.4 billion
- Annual regional earnings exceeding $2.6 billion
- Value of output directly associated with enterprises conducted at the Airport, including indirect and induced impacts, totaling about $11 billion in goods and services
- Approximately 59,000 overnight visitors and flight crews that spent over $50 million in the region
In addition, the Pacific Pointe at Douglas Park, located east of Long Beach Airport, was recently credited with attracting hundreds of new jobs to the region (e.g. Rubbercraft Corp. of California Ltd. and Airgas moved into the northern development, while United Pacific Industries Inc. and Turbo Air moved into the southern development). The 260-acre mixed-use development site also includes a 52.2-acre site that is going to be occupied by Mercedes-Benz USA beginning in 2014.