2026-2030 Economic Development Strategic Plan

Strengths, Weaknesses, Opportunities and Threats (SWOT)

A comprehensive understanding of Riverside County’s economic position is essential for shaping effective development strategies. This Competitive Analysis provides a multidimensional assessment of the County’s strengths, challenges, and opportunities within the broader regional and national landscape. It integrates a Strengths, Weaknesses, Opportunities and Threats (SWOT) analysis, industry trend insights, and benchmarking against peer counties to identify Riverside County’s competitive advantages and areas for improvement. The analysis also examines key components of economic competitiveness, including workforce development capacity, business retention and expansion dynamics, recruitment strategies, and the effectiveness of business assistance services. Additionally, it evaluates site selection factors that influence investment decisions, offering a data-driven foundation for policy and program development. Together, these elements inform a forward-looking strategy to enhance Riverside County’s economic resilience, innovation potential, and long-term prosperity. Analysis Competitive

Strengths

• Strong job creation focus and business-friendly environment • Availability of land and real estate for expansion • Intellectual assets and innovation hubs driving tech and biotech growth • Significant infrastructure investments supporting business expansion • Positioned along Southern Trade Corridor and Interstate 10 for logistics and manufacturing • Well-developed logistics infrastructure (air, rail, highways) • Reliable public utilities and lower energy costs enhancing competitiveness • Growing workforce with a strong emphasis on training and development • Presence of higher education institutions strengthening talent pipelines • Affordable housing and living costs attract residents and businesses • Healthcare facilities supporting retirees and economic opportunities • Rich tourism and cultural assets, including ecotourism, entertainment venues, and festivals. • Presence of Foreign Trade Zones Weaknesses • Limited water, power, and septic/sewer capacity to support growth in some areas • Restricted access points and infrastructure controlled by Caltrans

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