How has Riverside County sustained interest as an attractive option for companies seeking new locations?
Business-Friendly Environment: Riverside County cultivates a business-friendly environment. The Business Assistance Now Program offers customized support from site selection and financing to permitting assistance, at no cost. Riverside County provides hiring and job training assistance and collaborates with local educational institutions to ensure a well-trained and skilled workforce. Businesses are poised for greater success when they have convenient access to the guidance and support essential for their growth and development.
Strategic Location & Available Land: Riverside County, at 7,303 sq mi, offers a diverse economy with opportunities in various sectors, including advanced manufacturing, healthcare, tech and agriculture. The county’s proximity to major markets, such as LA and San Diego, as well as the ports provides companies with access to a large customer base and a strategic location.
Dynamic Growth: Riverside County stands out as California’s most rapidly expanding county, boasting a population exceeding 2.4 million. Moreover, its foreign trade has surged by an impressive 30.8% from 2020 to 2021, accompanied by a remarkable Gross Regional Product (GRP) growth rate of 11.5% during the same period. Furthermore, it ranks as the 12th largest workforce in the United States, with a labor force exceeding 1.2 million individuals.
Thriving Innovation: Riverside County’s innovation is rooted in its forward-thinking approach and the power of collaboration. The county has strategically established itself as a focal point for clean energy initiatives and advancements in health tech and life sciences. With a network of five business incubators and the region’s only world-class research and development university, the county and UC Riverside (UCR) recognize the significance of fostering both emerging startups and well established businesses. For more information, visit www.RivCoInnovation.org.
Which industries are demonstrating the most interest in Riverside County?
Riverside County’s top five fastest growing industries, 2018-2022, have been: Tourism, Logistics, Real Estate Development & Construction and Health Care.
Riverside County offers vast potential for growth in the clean tech and energy sectors, led by the presence of the California Air Resource Board SoCal headquarters and UCR. A strong partnership with UCR exists to advance technology transfer in many areas including clean energy, climate tech and ag tech. Working in synergy, this partnership harnesses collective knowledge and resources to seize tech opportunities in business attraction while rolling out the red carpet.
What makes Riverside County an exciting destination for tourists and resident quality of life, alike?
Temecula Valley Wine Country is home to 50+ wineries. Situated in the heart of Southern California, this picturesque region offers a unique blend of scenic beauty and award-winning wines.
The Greater Palm Springs region is renowned for its hotels, world-class resorts, spas and golf courses and is a desert oasis that offers a luxurious and vibrant lifestyle, making it a popular destination for leisure and business travelers.
Riverside County is host to a variety of entertainment options and events throughout the year. The Coachella Valley Music & Arts Festival, the Palm Springs International Film Festival and the Temecula Valley Balloon & Wine Festival are just a few examples of the vibrant cultural scene in the county.
Riverside County offers a wealth of natural beauty and outdoor recreational opportunities. From the stunning Joshua Tree National Park to the scenic Lake Skinner Recreation Area, the county provides a diverse range of landscapes for residents and visitors to explore.
Riverside County offers relatively affordable housing options compared to neighboring areas like LA and Orange County with a median home price of $618,000.
The many attractions, accommodations, entertainment options and affordability not only contribute to the quality of life in the county but also offer potential benefits for companies seeking to attract employees who value an elevated, active and outdoor-oriented lifestyle.
