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== Economy == The [[Los Angeles Assembly]], a {{convert|157|acre|km2|adj=on}} manufacturing facility at the corner of Rosemead and Washington boulevards, was owned and operated by the [[Ford Motor Company]]. The plant opened in 1958 and closed in 1980 and was purchased by [[Northrop Grumman]] in 1982 for its Advanced Systems Division.<ref>{{Cite news|date=February 5, 1982|title=Northrop to Buy Vacant Ford Plant|language=en-US|work=The New York Times|url=https://www.nytimes.com/1982/02/05/business/northrop-to-buy-vacant-ford-plant.html|access-date=November 5, 2021|issn=0362-4331}}</ref> Upon the unveiling of the [[B-2 Spirit]] bomber in 1988, it was revealed that much of the development for the former [[black project]] had occurred at the site. In the early 1990s, the division was renamed the B-2 Division to reflect its most famous product. At its peak, the project employed approximately 13,000 workers in Pico Rivera.<ref>{{Cite web|title=Pico Rivera|url=https://www.globalsecurity.org/military/facility/pico-rivera.htm|access-date=November 5, 2021|website=www.globalsecurity.org}}</ref> The site was closed and then demolished in 2001 partially due to [[Smog#Los Angeles and the San Joaquin Valley|air quality remediation efforts]], and became a large retail center. There has been significant redevelopment in the city: the opening of the Pico Rivera Towne Center, a {{convert|60|acre||adj=mid| open-air shopping complex}} along Washington Boulevard, that has brought businesses into the city.<ref name="pico">[http://www.ci.pico-rivera.ca.us/ourcommunity/redevelprojects.html City of Pico Rivera | REDEVELOPMENT PROJECTS<!-- Bot generated title -->] {{webarchive|url=https://web.archive.org/web/20110823034111/http://www.ci.pico-rivera.ca.us/ourcommunity/redevelprojects.html |date=August 23, 2011 }}</ref> "Pico Crossing" is a {{convert|2.79|acre||adj=mid| shopping center}} with several national retailers. Noteworthy redevelopment has taken place in recent{{when|date=January 2015}} years along historic [[Whittier Boulevard]]<ref name="pico"/> More developments include the "Pico Rivera Village Walk", a $22 million, {{convert|12|acre||adj=mid| shopping center}} located at the southwest corner of Whittier and Paramount boulevards.<ref name="pico"/> The {{convert|8.10|acre||adj=mid|Pico Rivera Market Place Shopping Center}} has opened at the corner of Washington and Rosemead Boulevards.<ref name="pico"/> The cities taxes were raised from 10.25 percent to 10.75 percent in mid 2009.<ref>{{cite news|last=Masunaga|first=Samantha|date=April 26, 2015|title=Pico Rivera Wal-Mart closure a worry for city|work=[[Los Angeles Times]]|url=https://www.latimes.com/business/la-fi-walmart-pico-rivera-20150427-story.html}}</ref> ''[[Los Cerritos Community News]]'' serves the city. ===Top employers=== ====2019==== According to the city's 2019 Comprehensive Annual Financial Report,<ref>{{cite web |author1=Pico Rivera Financial Department |title=COMPREHENSIVE ANNUAL FINANCIAL REPORT 2019 |url=http://www.pico-rivera.org/civicax/filebank/blobdload.aspx?BlobID=55752 |publisher=City of Pico Rivera |access-date=October 10, 2020 |ref=cafr2019 |page=198}}</ref> the top employers in the city are: {| class="wikitable" |- ! # ! Employer ! # of Employees |- | 1 |[[El Rancho Unified School District]] |1,225 |- | 2 |[[Walmart]] |497 |- | 3 |[[Target Corporation|Target]] |191 |- | 4 |Feit Electric Co Inc |189 |- | 5 |[[Lowe's]] |187 |- | 6 |Rivera Nursing & Convalescent |182 |- | 7 |Bay Cities Container |160 |- | 8 |Aurora World, Inc |136 |- | 9 |El Rancho Vista Healthcare Center |112 |- | 10 |Anastasia Beverly Hills Inc |100 |} ====2009==== According to the city's 2009 Comprehensive Annual Financial Report,<ref>{{cite web|author1=Pico Rivera Financial Department|title=COMPREHENSIVE ANNUAL FINANCIAL REPORT 2009|url=https://www.pico-rivera.org/civicax/filebank/blobdload.aspx?BlobID=38071|access-date=October 10, 2020|publisher=City of Pico Rivera|page=168|ref=cafr2009}}</ref> the top employers in the city were: {| class="wikitable" |- ! # ! Employer ! # of Employees |- | 1 |[[El Rancho Unified School District]] |1,603 |- | 2 |[[Walmart]] |540 |- | 3 |City of Pico Rivera |331 |- | 4 |BakeMark USA |259 |- | 5 |[[Target Corporation|Target]] |210 |- | 6 |[[Bimbo Bakeries USA]] |185 |- | 7 |[[Cintas]] |170 |- | 8 |Southern California Material Handling |150 |- | 9 |[[Lowe's]] |138 |- | 10 |[[Los Angeles County Sheriff's Department]] |137 |}
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