Riverside Metro Area Gains Five Spots in Annual “Best Performing Cities” Ranking

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(This article contains excerpts from the report published by the Milken Insitute in January 2019)

Riverside Metro Area jumped up five spots this year to No. 15. The metro’s employment growth is especially strong as it comes in third and seventh in one-year (2016-2017) and five-year (2012-2017) job growth. The metro is buoyed by its logistics and defense sectors, with some of its major employers being the U.S. Marine Corps Air Ground Combat Center and the Fort Irwin National Training Center.

The economy of this metro, known as the Inland Empire, is propelled by massive job gains in warehousing and storage, to the tune of 34,800 jobs from 2012 to 2017 (a 140 percent increase). Also significant, specialty trade contractors added 28,200 jobs for a 68 percent increase over the same period. The Riverside Metro Area is known as a logistics hub and drew Amazon to invest $4.7 billion in the area from 2012 to 2016, firmly planting the e-commerce sector here. The company has 10 facilities in the Inland Empire with over 20,000 full-time fulfillment employees. As the Riverside MSA’s employment moves full steam ahead, more people have enough disposable income to spend at restaurants and bars, leading the food services and drinking places industry to add 28,700 jobs in the five years ending in 2017 as well. Overall demand for services has increased in the metro.

Read the full report here.