Oxnard Crowned #41 in Surge Cities
Starting a business can be an exciting endeavor, but getting through the first few years is challenging. The cost of rent, consumer demand, beating the competition, and keeping your cash flowing are often tricky things for small businesses to juggle. A major factor to your start-up’s success is the location you choose. We’re happy to announce that Oxnard has been recognized as one of the best places to start a business. Ranking #41 out of 50, Oxnard’s potential is shining.
Here’s what was said about Oxnard:
“Drawing from a wealth of scientific talent at UCLA, Caltech, and Cal Poly Pomona, Oxnard, California and its environs are a growing haven for biotech companies.
Last year, Westlake Village BioPartners, an area VC firm, announced a new $320 million fund to invest in local early-stage human therapeutics companies. “There’s all this pent-up grassroots demand for biotech startups,” says Sean Harper, Westlake’s managing director, and co-founder. According to Harper, Oxnard is on its way to replicating more established hubs like Boston, San Francisco, or San Diego. “It’s the same sort of energy level, the same sort of ecosystem.”
There are some differences, of course. The war for talent outside L.A. is far more subdued. And the region has different inducements for would-be founders: Oxnard hosts the Port of Hueneme, a leading point of entry for auto and fresh produce imports – making the area well-positioned for agriculture tech and logistics startups. Oxnard is also getting spillover from L.A., whose northern suburbs are just an hour’s drive away.” – Brit Morse.
Here are just a few more facts about Oxnard that make it a desirable place to set up your business:
- Oxnard and Ventura County’s economy has grown every year since the national recession ended in 2009.
- There are over 13,000 businesses in Oxnard.
- In 2015, the county produced $48.22 billion in goods and services, for annual growth rate of 1.4 percent.
- According to the United States Census Bureau, the City of Oxnard’s 2020 total retail sales totaled more than $2.3 billion dollars.
Are you thinking about launching a business? Here are just a few reasons why you should consider Ventura County as your homebase.
To kickstart your business’s marketing to reach new heights, contact the professionals at Economic Development Collaborative. Our qualified business advisors can work with you to support business growth and more.