The Southern California economy is in the midst of much turmoil: state fiscal crisis, job losses and industries moving out-of-state. Once dependent on the still important petro-chemical industry and the slightly increasing aerospace business, the market is now enjoying a growth resurgence driven by service and entertainment industries, as well as public spending. The region has a substantial chance to emerge in this decade as the most vital area in the world, measured in jobs, global importance and technological edge. In the midst of a recovery from the current recession, the economy is markedly less vulnerable than it was in the late 1980's. Southern California was then still powered by government contracts for the defense-aerospace industry. Major banks and large companies also ruled the business landscape. The economy has since been transformed. Small to medium-sized companies populate its industries. More than 95% of the region's firms employ fewer than 50 people. Unlike a decade ago, the region no longer relies on any single industry for more than 3% of its total employment.
Nelson & Associates is well positioned in the market for our principals through the synergy of our portfolio, our market focused sales teams and management strategies.