2023 Riverside County Economic Profile

Connected to five major freeways, Riverside County offers accessibility throughout the region. Interstate 10 traverses the entire county from east to west, connecting businesses to Los Angeles and Phoenix.

include Ontario International Airport, serving western Riverside County with quick and easy access, and the Palm Springs International Airport, serving the eastern part of the county. The Jacqueline Cochran Regional Airport also serves the Coachella Valley with easy access and is capable of bringing in a Boeing Business Jet 737. The March Inland Port addresses the growing need for economical air cargo services. Industrial Development Thousands of acres of land for industrial development coupled with an expanding workforce make Riverside County an advantageous location for business relocation or expansion. The Inland Empire is one of the

nation’s largest and fastest-growing industrial markets. Proximity to nearly 20 million residents living in the Southern California region makes Riverside County an ideal location to build new warehouses and distribution centers. Retail Market Despite the pandemic, the retail market grew by roughly 1.6% year-over-year in January 2021, compared to 0.3% growth for the national index, according to CoStar. This demonstrates the resilience of Riverside County’s economy and its potential for business growth and expansion. (Source: CoStar)

16

Made with FlippingBook - Online magazine maker