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|November 14, 2019|
Inland economy: Cities mark gains in retail sales
INLAND EMPIRE – (INT) – Another measure of the region’s economic vitality is in taxable retail sales and they continue to expand.
Taxable sales are a major revenue source for cities. “Its growth is under pressure due to the public’s increasing use of e-commerce,” economist John Husing said in his Quarterly Report issued Monday.
Growth rates for the Second Quarter of this year were 2.7% in San Bernardino County and 5.4% in Riverside County.
Retail sales in 2018 were again led by Ontario at $7.93 billion followed by Riverside, Corona, Fontana and Temecula. San Bernardino ranked sixth followed by Rancho Cucamonga, Chino, Victorville and Moreno Valley. Of the 52 cities that comprise the Inland Empire, the five largest 2017-2018 percentage gains were in Canyon Lake, Loma Linda, Perris, Jurupa Valley, and Rialto.
Story Date: November 5, 2019