January 13, 2016 Comments Off on Inland Empire’s Factors For Economic Upswing Views: 744 California News, Inland Empire

Inland Empire’s Factors For Economic Upswing

The Inland Empire economy is experiencing unprecedented job growth. For the last three years, more than 50,000 jobs have been added annually, with projections calling for an additional 57,000 to 58,000 new jobs this year. The quality of jobs in the Inland Empire surpasses the rest of the state, too, with 56 percent of  Inland Empire jobs paying more than $30,000, as opposed to 49 percent statewide.

Along with continued migration and a robust logistics sector, Inland Empire economist John Husing notes that the construction of new warehouses, particularly by online retailers, is having a major impact on regional employment.

Additional factors boosting the economy include gaining local control of L.A./Ontario International Airport, increased residential construction on the horizon, and educational programs such as the Promise Scholars program.

Read More at San Bernardino Sun

Connect With Economist Husing

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