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ta <br />www.FinanceDTA.com <br />SECTION V <br />PROJECT IMPACTS ON THE CITY'S <br />JOBS -HOUSING BALANCE <br />At build -out, the Project will have a positive effect on the City's jobs -housing balance. Table <br />12 and Figure 10 below summarize the pre -Project and post -Project jobs -housing balance, <br />as well as California Statewide average development figures. <br />Table 12: Pre -Project and Post -Project Jobs -Housing Balance <br />.- <br />.- <br />.- <br />Number of Jobs <br />141,5459 <br />142,232 <br />18,537,400 <br />Number of Housing Units <br />82,058 <br />82,058 <br />14,707,698 <br />Existing10 <br />82,058 <br />82,058 <br />14,707,698 <br />New <br />N/A <br />0 <br />0 <br />Jobs -Housing Balance <br />1.725 <br />1.733 <br />1.260 <br />Figure 10: Pre -Project and Post -Project Jobs -Housing Balance: <br />2.000 <br />1.500 1.72 <br />1.000 <br />0.500 1.260 <br />0.000 <br />Pre -Project Post -Project Statewide <br />Citywide Citywide <br />As reflected above in Table 12 and Figure 10, the City's current ratio of jobs within the City <br />as compared with the number of housing units Citywide is 1.725, exceeding the Statewide <br />average of 1.260. Clearly, the City is an employment -rich community with a large number <br />of local jobs that are likely to provide employment to both City residents and persons <br />residing outside of the City. The addition of 687 new jobs through the construction of the <br />Project would increase this ratio to 1.733. <br />As the City's total current workforce consists of 141,545 employees, FTE and part-time <br />employees holding these additional jobs will constitute a 0.49% increase in the size of the <br />City's current workforce. <br />9 Spotlight by Environics Analytics, Employment Profiles by NAICS Code 2023. <br />10 Labor Market Information Division, State of California Employment Development Department. <br />South Coast Technology Center Project May 13 2024 <br />Economic Impact Study <br />21 <br />