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Business and Industry

The California Economic Strategy Panel publishes annual reports on business and industry measures for Caliornia's regions. The 5-county Southern California economic region is the largest in the state, with almost half its population and jobs (48% and 47% in 2006 figures). Total employment including farm jobs grew 7% and the average annual wage grew 22.9% in 2001-2007. Total nonfarm jobs grew 19.7% from 1995-2008, but declined by 4.5% from March 2008-2009 with the recent economic downturn. The number of establishments grew 28.9% (2001-2007) while Gross Domestic Product for this region grew by 51.2% (2001-2006).

Small businesses (<50 employees) make up 96% of all businesses in the 5-county Southern California economic region, and are vital to our region's economic sustainability. This region received 84 Small Business Innovation Research grants worth more than $24 million in 2008. In 2006 figures, firms with less than 100 employees represented 98% of all businesses, and provided 56% of all jobs in the region. By comparison, firms with 500 or more employees made up 0.2% of all businesses and provided 17% of all jobs. In terms of business growth by firm size, the smallest firms (0-4 employees) experienced the most rapid growth in 2001-2006, with the number of jobs increasing by 26% and the number of firms by 36% over this period.

Inland Empire Business Atlas, ©University of Redlands, 2009. Funded in part through a cooperative agreement with the U.S. Small Business Administration. All opinions, conclusions, or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA or the University of Redlands. Site created and maintained by the Redlands Institute.