Fontana leads the Inland Empire in Retail Growth!
Fontana California – The City of Fontana is #1 in the Inland Empire in annual retail sales growth during the last five years.
In the 2013 Edition of the California Retail Survey, the City of Fontana was ranked 4th in the State of California based on average annual Growth of sales in the State’s 50 largest retail markets for the past five years. To be included in this analysis, the local market had to have annual retail sales in excess of $1 billion per year. Of the 50 markets rated, Fontana finished 4th in the State of California, just behind the cities of Milpitas, Buena Park and Long Beach. Notable market areas that Fontana ranked higher than included San Francisco, Beverly Hills, Pasadena, Los Angeles, San Jose and San Diego.
Locally, in the Inland Empire, Fontana’s state-wide ranking of 4th compares favorably to the cities of Ontario (45) and Rancho Cucamonga (49). The Mayor and City Council’s “Open for Business” philosophy is paying large dividends within the City of Fontana. The Mayor points out, “Retail growth means both jobs and sales tax revenues that are critical to providing services within a growing community. I am very proud of Fontana’s five-year track record, leading the State in retail growth during a very difficult economic period. The positive survey is an independent report card on the policies and leadership provided within our community. Fontana is committed to support and assist our business community in every way possible.”
The Mayor and City Council returned from a trip last week to the International Conference of Shopping Centers (ICSC). Efforts made at events such as ICSC continue to promote the City of Fontana in the retail industry. Retail is particularly important to the City of Fontana as it generates sales tax which is the largest revenue stream flowing to the City of Fontana.