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Study Predicts Inland Empire to Have Highest Economic Growth in the State

According to the Victorville Daily Press, June 24, 2014, the United States Conference of Mayors projects the Inland Empire to be one of the fastest growing, large metropolitan-area economies in the U.S. over the next six years. An IHS Global Insight economic study revealed estimates that growth in the Riverside/San Bernardino/Ontario economy will be the highest in the state, according to a recent Los Angeles Times article. Growth numbers will average 4.2 percent annually through 2020 with growth in the Inland Empire projected to be ahead of other fast-growing metropolitan areas including Phoenix and Houston, the survey revealed. Jim Diffley, a senior director with IHS Economics who prepared the report, said that the Inland Empire has the benefit of being close to L.A.’s enormous economy, with more space. According to the president of a local real estate company, of all the total population growth in San Bernardino County last year, 80 percent of it occurred in the High Desert. He said Victorville and its surrounding cities experienced considerable growth in the past decade, exceeding 47 percent compared to the prior decade, which led to recognition nationally as one of the fastest-growing regions in the nation.

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