Riverside is home to some top companies in the United States, like Target, Costco, Abbott Laboratories, and Tesla, driving growth, innovation, and community impact. The region’s economy is built on retail, healthcare, construction, manufacturing, and hospitality, contributing to local job creation, technology, and infrastructure development. Technology is key in these sectors to streamline operations, secure data, and scale to meet market demand. Managed Service Providers in Riverside also known as MSPs are a part of this ecosystem, providing customized IT solutions to help these Riverside industries succeed in an evolving market.
Here are the top 5 industries in Riverside that shape its economy and technological growth:
- Retail
- Health & Social Services
- Construction
- Manufacturing
- Hospitality
1. Retail
Riverside has seen 70,000 new jobs in the retail sector since 2020 and is a key part of the region’s growth. Leading the way are companies like Target, Costco Wholesale, Nordstrom, Vans, and American Eagle Outfitters, which bring economic vitality through local hiring, supplier support, and customer-focused operations.
Target, a Fortune 500 retail giant with 45+ unique brands and 1,963 outlets in the United States, had $107.41 billion in revenue in 2023. The company is focused on local store formats, e-commerce, and same-day delivery, which will drive growth for the next 10 years. Target’s facilities in Riverside are key to its supply chain, and the region is part of its strategy. The company has over 400,000 employees earning $14 per hour, a big part of the local job market. Costco Wholesale Corporation, the third-largest retainer with 896 warehouses worldwide and 616 alone in the US, generated $237 billion in revenue in 2023 and is focused on growing its membership and private label. Future projections for this Fortune 500 company show consistent revenue growth as it invests in e-commerce and Riverside’s logistics. With an average annual salary of $83,482, Costco’s expansion will create new jobs and stability in Riverside, improving the supply chain and logistics for the entire Southern California.
MSPs are the key to the retail technology evolution, providing IT solutions like cloud-based inventory management, POS systems and customer analytics. These solutions help with supply chain logistics, data security, and customer experience. By working with MSPs, retail companies in Riverside can focus on growth and innovation and stay competitive in a fast-paced market.
2. Health & Social Services
As of November 2024, healthcare and social assistance in Riverside had 293,800 jobs, up 1,900 from the previous month. Major players in this sector are Kaiser Permanente, Abbott, Optum, Dignity Health, and Providence, all of which contribute to economic stability and community health. Kaiser Permanente is the leader in full-service healthcare and community partnerships, and Abbott offers innovative diagnostics, medical devices, and nutritional products. Optum, Dignity Health, and Providence add to the region’s healthcare landscape with accessibility and specialty care.
Kaiser Permanente had an operating revenue of $100.8 billion in 2023, up from $95.4 billion in 2022. They have over 219,930 employees nationwide with an average annual salary of $102,000. In Riverside, they are investing in telemedicine and integrated care models to meet the growing demand for high-quality healthcare. Over the next 10 years, Kaiser Permanente will drive revenue growth by expanding its digital health platforms and scaling local healthcare, administration, and IT employment. Abbott Laboratories, a global leader in diagnostics and medical devices, had $40.1 billion in revenue in 2023 and an average salary of $98,000 for their 114,000 employees. Abbott’s growth in Riverside will be in biomedical engineering, healthcare sales, and quality assurance, creating opportunities in an innovative industry.
3. Construction
The construction sector has 115,800 people employed in Riverside as of November 2024. CEMEX USA, D.R. Horton, and United Rentals are the top construction companies in Riverside, CA. CEMEX USA supplies cement and concrete, the building blocks of sustainable infrastructure and urban growth. D.R. Horton addresses the need for affordable and energy-efficient housing, and United Rentals has the construction equipment and tools for any project.
CEMEX USA, a multi-billion dollar building materials company, manufactures and distributes cement, ready-mix concrete, and aggregates in over 50 countries. They reported $17.4 billion in revenue in 2023, an 8% increase from 2022. They have 8,500 employees across 25+ states and an average annual salary of $78,233, with an hourly wage of $38. In Riverside, CEMEX is focused on producing green construction materials in line with the city’s growth. They are involved in local projects that improve infrastructure and modernize the area while reducing environmental impact. D.R. Horton, the largest homebuilder in America with operations in 29 states, is a major player in Riverside’s residential construction scene. With $36.8 billion in annual revenue as of September 2024 and 14,800 employees earning an average of $87,963, they are focused on energy-efficient homes. D.R. Horton’s projects are for Riverside’s growing population, addressing housing shortages and creating jobs in construction management, architectural design, and skilled trades. Both will be growing in Riverside over the next 10 years.
Customized IT solutions offered by managed IT services to the construction industry in Riverside, including cloud-based project management tools so teams can collaborate in real-time and projects stay on time and within budget. MSPs provide secure data storage to protect project and client information and implement robust cybersecurity to prevent digital threats. By bringing in MSP services, construction companies can simplify, be more efficient, and focus on building great solutions for Riverside’s infrastructure and housing.
4. Manufacturing
With 94,500 employees as of November 2024 and 60,000 new jobs since 2020, manufacturing is the backbone of Riverside’s economy. Major players in the sector are Nike, Tesla, Procter & Gamble, Philips, and Sherwin-Williams. Nike is focused on advanced production and a sustainable supply chain, Tesla is leading in electric vehicles and renewable energy, Procter & Gamble and Philips bring consumer goods and healthcare innovations to Riverside, and Sherwin-Williams supports the construction industry with high-quality paint and coatings.
With a 2023 annual revenue of $51.362 billion, Nike is focused on sustainable production and distribution practices. Although their workforce has declined to 79,400 employees, they are still investing in manufacturing technologies to drive growth for the next 10 years. In Riverside, Nike’s operations create jobs in advanced manufacturing, supply chain logistics, and product development, which aligns with the city’s economic goals. Tesla, the pioneer in electric vehicles, reported 2023 revenue of $96.8 billion, a 19% increase from the previous year. With 140,500 employees globally and an average salary of $79,096, Tesla’s Riverside facilities focus on producing and distributing EV components and renewable energy solutions. Their farsighted strategy includes expanding manufacturing in Riverside and creating jobs in engineering, sustainable energy, and advanced manufacturing technologies.
Managed Service Providers (MSPs) help Riverside’s manufacturing industry by providing industry-specific IT solutions, including IoT integration for real-time production monitoring, network security to combat the rising threat of data breaches, and ERP software to streamline operations across the supply chain. MSPs allow manufacturers like Nike and Tesla to focus on innovation and production while keeping their IT systems secure and efficient. By delivering these advanced solutions, MSPs support Riverside’s manufacturing industry’s scalability, security, and technological advancement.
5. Hospitality
The leisure and hospitality industry employs 183,900 individuals as of November 2024, has created 4,680,000 more since the end of 2020, and has become an integral part of Riverside’s economy. Companies like Marriott International, Hilton, Hyatt, and Omni Hotels make up the industry with excellent accommodations, lodging events, business event spaces, luxury amenities, and personalized guest experiences to grow Riverside’s tourism and make it a hospitality hub.
Marriott International, a global hospitality giant, reported $23.71 billion in revenue in 2023, up 14% from the previous year. With 411,000 employees worldwide, a 9.02% growth of the prior year, and an average salary of $88,907, Marriott is a big part of the hospitality industry in Riverside by creating jobs in hotel operations, management, and culinary services. The company’s investment in modernizing its facilities and expanding its services will drive long-term growth as Riverside becomes a popular leisure and business destination. With $10.24 billion in revenue in 2023, Hilton has 178,000 employees globally with an average salary of $123,026. Hilton’s focus on luxury accommodations and event spaces matches Riverside’s growing tourism and corporate business. Both Marriott and Hilton will expand over the next 10 years, creating jobs in guest services, event planning, food and beverage management, and pumping up the economy in Riverside.
Riverside’s hospitality industry can access customized IT solutions through managed IT services (MSPs). MSPs offer CRM systems to improve customer relationship management, 24/7 IT monitoring for smooth hotel operations, and cybersecurity to protect guest data and business information. They also offer property management software and tools for personalized guest experiences, enabling this sector to be efficient and competitive in the fast-evolving leisure and hospitality industry.
Managed IT Services Supporting the Growth of Riverside’s Leading Industries
With MSPs taking care of the tech side, businesses can focus on growing, improving, and serving their customers better, helping Riverside thrive. Managed IT Services are critical for Riverside’s top industries, providing the tools and expertise to run smoothly, securely, and scale. They provide different types of IT services for businesses of different industries in riverside and handle everything from protecting data and preventing cyber threats to providing tools that make daily operations easier and more efficient. If you need reliable support, Captain IT is the most trusted Managed Service Provider in Riverside, delivering customized IT solutions that drive success and long-term growth. We are committed to excellence and innovation so the industries we work with can achieve their operational and strategic goals.
