YEAR END 2013
A number of economic indicators at the end of 2013 point to continued economic recovery from the Great Recession period for Southern California and the City of Grand Terrace. In 2013, Grand Terrace positive growth in several economic indicators including—Sales Tax Growth, Increased Home Values and Improvement in Employment.
SALES TAX GROWTH
Grand Terrace’s sales tax revenue increased by 32.2% in 2013, as compared to the previous year of 2012. The increase was highlighted by sales growth in several business categories including:
HOUSING MARKET CONTINUES TO RALLY
Grand Terrace continues to be a solid residential market.
Grand Terrace’s unemployment rate continues to improve—going from 11.4% the beginning of 2013 to 8.6% in 2014.
IDEAL POTENTIAL CUSTOMERS
Grand Terrace presents new business opportunities for those looking for high household income levels (5th highest in San Bernardino County) and an educated customer (25% of residents have a college degree or higher and 88% of residents possess a High School Degree or more). According to sales leakage reports, Grand Terrace offers sales growth opportunities in the following business categories:
Market Area and Business Profile