Riverside County Office of Economic Development Profile

COACHELLA VALLEY & BLYTHE REGION COACHELLA VALLEY AND PALO VERDE VALLEY

Opportunity for industries and companies that desire a location between the major markets of the Los Angeles and Phoenix metropolitan areas.

MULTI-FACETED ECONOMY Agriculture and Job Growth A multifaceted economy, with various industries contributing to its growth. In 2024, the regions agricultural production was valued at over $860 million, highlighting the significance of Agribusiness in the region. The labor force numbers at 209,856. With 56.2% of it in the prime 25-54 working age group Tourism and Events The Coachella Valley has come back from the COVID-19 pandemic with a strong and vibrant recovery. The region’s tourism industry is one of its most significant economic drivers, with world-class sports events such as the BNP Paribas Open tennis tournament and the LPGA

ANA Inspiration golf tournament returning to almost pre-pandemic levels. The Coachella Valley Music and Arts Festival, the Stagecoach Country Music Festival, and the Palm Springs International Film Festival are other major events that attract hundreds of thousands of people to the region resulting in a significant economic impact. Economic Impact Findings Tourism Economics estimates that In 2024, 14.5 million visitors spent $7.4 billion in the Greater Palm Springs economy, year-over-year increases of 1.0% and 1.1%, respectively. Visitor activity generated a total economic impact of

FASTEST GROWING PRIVATE INDUSTRIES

5-YEAR HISTORY

LOCATION QUOTIENT

JOB CHANGE

CURRENT AVERAGE ANNUAL WAGES

JOBS

INDUSTRY

ANNUAL %

$38,229 $44,409 $73,415 $55,751

1.98 1.23 0.82 1.27

5,660 1,099 1,377 8,743

5%

HEALTH CARE & SOCIAL ASSISTANCE ACCOMMODATION & FOOD SERVICES

35,424 24,313 13,707 40,433

3.5% 0.9% 2.1%

RETAIL TRADE

EDUCATION SERVICES

ADMINISTRATIVE & SUPPORT & WASTE MANAGEMENT & REMEDIATION SERVICES

13,190

$49,382

1.3%

1.07

843

ARTS, ENTERTAINMENT, & RECREATION

3,778

12,820 12,686

2.92 1.03

7.2% 1.5%

$47,508 $69,017

904

CONSTRUCTION

AGRICULTURE, FORESTRY, FISHING, & HUNTING OTHER SERVICES (EXCEPT PUBLIC ADMINISTRATION

10,197

$43,748

1.16

1,886

4.2%

-2.7% 0.8%

7,436 7,973

$43,242 $96,305

3.24 0.76

-1,159 294

PUBLIC ADMINISTRATION

13