There were 23 major business expansions in the San Fernando Valley, seven of which were in the area's dominant industry.
The report shows 73 business expansions in technology in 2001 compared with 27 in 2002.
In Los Angeles County, the drop in major business expansions left the area with $1.
Cumulatively, Los Angeles, Ventura, Orange, Riverside and San Bernardino counties showed an increase of 20 business expansions
, from 370 in 2000 to 390 last year, according to the Los Angeles Economic Development Corp.