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Temple City Business and Industry

The Temple City Chamber of Commerce, established on March 1, 1924, is dedicated to supporting the blend of retail, commercial and government activities that make up the local economy. The Chamber is active in the community, participating in and sponsoring community events such as the Camellia Festival, Concerts in the Park and the Miss Temple City Contest.

Membership is open to businesses, professionals and residents alike. Numerous education and networking opportunities are afforded to members through business seminars and workshops. Additionally, SBA, SBDC, Economic Partnership and joint San Gabriel Valley Chambers of Commerce functions are open to members. For businesses starting out or expanding, mailing labels, lists of businesses, organizations and schools along with various business “start-up” materials are available. The Chamber also keeps members informed of local, state and federal laws affecting businesses.

Shopping within the city for goods and services is important for the strength of the local economy. This is because the largest source of revenue available to Temple City is derived from the General Fund. The General Fund is composed of revenue derived from numerous areas, a major source being Sales and Use Tax. Every purchase made in Temple City contributes to the General Fund reserves—which secures the city’s financial stability.

Temple City has much to offer to prospective businesses. The city has a diverse and active population, quality schools and a prime location. The labor force is educated and skilled with a strong work ethic. For those aged 25 and older in Temple City, 83.5% hold a high school diploma or higher, 28.5% have earned a bachelor’s degree or higher and 8.9% have obtained a graduate or professional degree. Furthermore, unemployment rates are lower in Temple City than the rest of California at 3.3% versus 5.4 percent.

Industries are varied in Temple City. Most common industries in which male residents are employed are: construction (10%), professional, scientific, and technical services (7%), educational services (6%), administrative and support and waste management services (6%), accommodation and food services (5%), public administration (5%) and healthcare (4%).

Most common industries for females are: educational services (13%), healthcare (11%), finance and insurance (10%), professional, scientific, and technical services (8%), accommodation and food services (5%), public administration (4%) and social assistance (4%).

Financial Institutions

Accessing capable, trustworthy financial resources in the Temple City area is easy. A multitude of such institutions are located throughout the city, offering clients only the best in financial programs and offerings. One excellent choice in the area is the Pacific Alliance Bank.

Headquartered in Rosemead and serving San Gabriel Valley communities and L.A./Orange counties, Pacific Alliance Bank is distinguished by the markets it serves and is known for specialization, technology and excellent client branch service.

A number of excellent products are offered through Pacific Alliance Bank, including: FlexChecking, high interest-bearing, no minimum balance, free checking account; Remote Deposit; real estate and commercial lending, professional, medical, dental practice purchase lending and also SBA lending.

The bank’s financial services are designed to support client growth objectives, which makes it “Your Pathway to Success!”

Check out the Temple City Chamber of Commerce’s website at www.templecitychamber.org for a listing of financial business members in the area.