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Economic Indicators Reveal Resilience of Riverside's Economy

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If the last two years have proved anything, it’s that Riverside, California is a coveted location for businesses with vision and a proven track record. During the worst of economic times for the nation and the region, the City has welcomed an impressive list of new businesses bringing over 3,000 jobs to the community.

Moreover, the City is currently working with companies that have identified properties in Riverside with the potential to add as many as 880 additional jobs. These numbers tell an important story about the resilience of Riverside’s economy.

Riverside continues to have a positive underlying economic current with the power to erode the effects of the recession despite the hardships faced throughout the Inland Empire over the last few years. Industries from manufacturing to research and development have either landed in Riverside since the downturn or initiated growth.

Long time local company CCI has been bucking economic trends with an expansion that will bring their employee count to more than 300 before the year is out. Add to that welcome new arrivals such as the parent company of Fresh & Easy, Tesco (March JPA), along with supply partners Wild Rocket Foods and 2 Sisters Foods (March JPA), that have brought over 1500 jobs to the area and seeds of Riverside’s recovery become evident.

Many well known retailers and restaurant chains have been drawn to Riverside over the last two years as well, including Yard House, Elephant Bar, BMW Motorcycles, Sprouts Farmers Market, Coach and the areas largest H&M and Forever XXI clothing stores. Fresh & Easy opened two locations in Riverside since 2008.

Jenson USA Cycle shops and new Kohl’s Department store are preparing to open soon. In fact, with the recent Mor Furniture announcement regarding their move to the former Wickes’ space, Riverside has been able to fill nearly all of the big-box vacancies resulting from national chain bankruptcies.

But Riverside has not only attracted large industry employers and retail giants. The City is also home to a growing number of new entrepreneurial and high tech companies such as Omni Platform, Citrus Research Board and professional services firms such as Paychex payroll services and Schools First Credit Union. The City’s economic diversity is a strong indicator of the momentum that powers its recovery and provides a true picture of Riverside’s innovative future.

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