Long Beach Named Among Top 25 Cities with Fastest-Growing Household Incomes

growing incomes 2 map

Image from SmartAsset.

Between 2015 and 2016 Long Beach’s median household income grew by 9.3 percent, making it the 11th largest increase among the nation’s 100 largest cities, as included in a recent report from SmartAsset, using data from the United States Census Bureau, American Community Survey

“The local economy in Long Beach is booming which is why household incomes are increasing faster than in most cities,” Mayor Robert Garcia said in a statement this week. “We have focused on smart economic policies that have created new businesses, thousands of good jobs, and economic opportunity for all people.”

In September, the Los Angeles County Economic Development Corporation named the city a finalist for Most Business Friendly City in Los Angeles County, the second time in 2017 that Long Beach has been acknowledged as a business friendly city. Last year, the business community recognized Long Beach as one of the five most business friendly cities in the county, according to BizFed, an alliance of 150 business groups representing over 270,000 companies throughout the county.

Plans to build on these recent economic successes are in the works, including a Draft Blueprint for Economic Development which provides a snapshot of Long Beach’s economic trends and makes recommendations to the mayor and city council on opportunities for growth in key industries, business assistance and economic inclusion among other focus areas, according to the release. The Blueprint is a collaboration between the Economic Development Commission and the Economic Development Department in response to a request by Garcia and city council.


 

.“The Blueprint has been a terrific resource for us,” John Keisler, director of the Department of Economic Development, said in a statement. “We now have a plan to increase economic opportunities for workers, investors, and entrepreneurs.”

For more information about workforce training programs and incentives for businesses to hire new workers, the city offers programs at the Pacific Gateway Workforce Investment Network, which you can check out here

Support our journalism.

Hyperlocal news is an essential force in our democracy, but it costs money to keep an organization like this one alive, and we can’t rely on advertiser support alone. That’s why we’re asking readers like you to support our independent, fact-based journalism. We know you like it—that’s why you’re here. Help us keep hyperlocal news alive in Long Beach.

Asia Morris has been with the Long Beach Post for five years, specializing in coverage of the arts. Her parents gave her the name because they wanted her to be a world traveler and they got their wish. She has obliged by pursuing art, journalism and a second career as a competitive cyclist.
- ADVERTISEMENT -

More