Coachella Valley Region Economic Development Strategy

Opportunities

Threats

• Remote Work: Increase in remote workers since the pandemic. • Film and Sound Production: Opportunity to attract film/sound production facilities. • Logistics and Warehousing: Continuing development opportunities in logistics and warehousing. Youth Sports Venues: Opportunity to attract youth sports venues and organized tournaments. • Higher Education: Expansion of higher education infrastructure and trade schools. • Technology Jobs: Targeting remote technology jobs and technology-oriented industries. • Aerospace and Drone Companies: Attracting aerospace, space, and drone companies. • Artificial Intelligence: Cultivating industry in AI utilizing the growing base of residents with significant experience in tech. • Healthcare Support Services: Training ground for medical transcription and file management jobs. • Mining Opportunities: Potential lithium mining related opportunities. • Recreation and Tourism: Salton Sea restoration and Chuckwalla National Monument for recreation-oriented industries. • Foreign Trade Zone (FTZ): Activation and expansion of the existing FTZ to attract investment and create jobs.

• Development Entitlements: Long timeframes for development entitlements. • Utility Service Providers: Inability of utility service providers to support growth. • Climate Change: Potential negative impacts of climate change on tourism and economic development. • Destination Competition: Losing market share to other visitor destinations. • Immigration Restrictions: Potential negative impact on agriculture and other industries dependent on immigrant labor. • Zoning Policies: Outdated zoning policies and lack of flexibility. • Healthcare Professional Shortage: Increasing waiting times for healthcare services. • Insurance Costs: Loss of insurance companies leading to higher home insurance costs.

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