Thousand Oaks is the site of numerous corporate and regional headquarters, as well as other diverse retail, industrial and business entities.
Major corporations include Amgen, Inc., and the Bioscience Division of Baxter Healthcare Corporation, the top two international leaders in the biotechnology field; General Dynamics Corporation, a leader in international high technology; Jafra Cosmetics, an international cosmetics company; WellPoint Health Networks, Inc., one of the nation's largest publicly-traded managed care companies; General Motors Regional Office, and Verizon's Regional Office.
The rich diversity of businesses in our City provides the area with a strong and stable economic foundation. In addition, retail, corporate and industrial entities give community members a variety of local employment opportunities. Thousand Oaks is also home to many entrepreneurs and welcomes small business to the area. Sales tax represents the largest source of revenue to the City and the business community is, therefore, a very important component of the City's financial well being.
The Thousand Oaks primary shopping market has a current population of 360,000 and includes the cities of Thousand Oaks, Westlake Village, Agoura Hills, Camarillo, Moorpark and Calabasas along with the adjacent unincorporated areas. The median household income of the Thousand Oaks market is more than $95,000 (2002 study by the University of California, Santa Barbara).
The retail buying market area is approaching $3.5 billion, evidenced by the continued strength of The Oaks Mall, Janss Marketplace, the world's largest auto mall, and other shopping venues in the market area.
The Oaks Shopping Center includes three major anchor stores: Nordstrom, Macy's, and JC Penney, plus 180 other high-quality shops, a food court and an 14-screen Muvico theater. The Center completed a $350 million renovation and expansion in Spring 2009. The Janss Marketplace, a smaller regional shopping center, also has three anchor stores: Sears, Toys-R-Us, and Old Navy. The mall also features a food court and a 9-screen cineplex and is adding a number of regional and national stores to its mix. Additionally, national brand stores not represented in Southern California continue to seek locations in Thousand Oaks to showcase their new West Coast presence.
Numerous smaller shopping centers, such as The Promenade at Westlake, The Lakes at Thousand Oaks, and North Ranch Mall, also offer diverse shopping choices. Residents and visitors enjoy fine dining at many local restaurants while many hotels, such as the Hyatt Westlake, offer luxury accommodations. For more information contact the City's Economic Development Officer Haider Alawami at (805) 449-2135 or email firstname.lastname@example.org.