The Beach Reporter - - State of the City - The year in review

Turning to business, our city had a good year and our residential unemployment rate stayed below 6 percent, a boom-time number by most measures. El Segundo’s total payroll was the region’s highest at $5.67 billion for the year.

Not just that, the average wage-earner in El Segundo made more than $82,000 in 2009 - the most in the South Bay and nearly $33,000 more than the No. 2 city.

Our office vacancy rate, which stood at about 20 percent not so long ago, fell to 7 percent this year. There is almost no industrial space in our city available for lease. If you’re in the market, call your broker today.

Travel down El Segundo Boulevard and you’ll see the new pedestrian bridge between L.A. Air Force Base and the Aerospace Corp. between the 405 freeway and Aviation Boulevard. It makes a great gateway to our town and saves tons of time for workers going between the two facilities.

Our city’s creative sector got some big boosts this past year. Rhythm & Hues, an Academy Award winner, is coming to town. DirecTV is still No. 1 in satellite television and a huge contributor to El Segundo revenues. Not to mention, Mattel’s Barbie celebrated her 50th birthday this year (who would have guessed?).

Read the entire article at:
http://www.tbrnews.com/articles/2009/12/24/el_segundo_news/news04.txt

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