RIVERSIDE – (INT) – Beacon Economics is out with an optimistic forecast for the Inland Empire.

Among the highlights:
· Population growth of 1.4 percent annually through 2019 is forecast.
· The region is expected to add more than 200,000 jobs during the next five years.
· Average home prices are expected to increase between 6 percent and 7 percent annually during the next five years.

Virtually every economic indicator in California’s enormous economy has also continued on a growth path and events at the international level have not significantly affected the Inland Empire’s economy, according to the analysis issued Thursday.

California continues to have a relatively educated population base, that advantage has slowly been reduced as other states have raised their levels of educational attainment faster.

This is the fifth year the UC Riverside School of Business Administration has partnered with Beacon Economics with an economic forecast.

Story Date: October 29, 2014