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The South Bay contains 15 cities, plus portions of the City of Los Angeles and unincorporated areas of the County of Los Angeles. The area is bounded by the Pacific Ocean on the south and west, and generally by the City of Los Angeles on the north and east. Its name stems from its location on the south end of the Santa Monica Bay.

With early roots in agriculture and oil, the South Bay region evolved to rely more heavily upon aerospace and related industries. It has recently become a hub for sports and entertainment events, with large venues such as new SoFi Stadium and The Forum in Inglewood. It is uniquely centered between two major transportation hubs on its borders—Los Angeles International Airport and the Ports of Los Angeles and Long Beach. These combined factors—and its diverse cities and landscapes—make the region economically, geographically and culturally unique.

South Bay Economic Forecast and Industry Outlook