In response to member’s request, the Chamber partnered with the City to contract Beacon Economics to produce an economic study of the City of Riverside.  This study was the top priority to come out of this year’s Board Conference.  Board members decided that Riverside needs to have an economic study conducted to use as a guideline for future growth and development.    Board members receive a presentation from Beacon Economics on the importance of a baseline study to establish economic guidelines and provide for smart future growth.

Beacon Economics’ Regional Intelligence Reports provide comprehensive snapshots of a region’s key economic indicators including employment, taxable sales, building permits, and median home prices. These reports provide local governments, public agencies, economic/workforce developers, banks, investors, developers, or anyone facing important economic or financial decisions with up-to-the-moment, accurate, timesaving statistics. The reports include unique regional trends and conditions, and provide context through national and statewide economic analysis.  Beacon Economics also seasonally adjusts local employment data to help researchers truly understand the underlying economic employment conditions that exist in a region. Available in one-year subscriptions, each quarterly report updates and builds upon the last edition to provide a running, longer-term analysis.

Bob Stockton, Economic Development Chair stated, “It is important to understand where you are before you can decide where you want to go.”