Placer County ranks among top five in California for incoming investments
Published on Feb. 17, 2022
Placer County ranked fourth among all counties in California with the most incoming investments in 2021, according to a recent study by SmartAsset, a financial technology company.
The study considered growth in gross domestic product, business establishment growth and new building permits to determine the counties receiving the most investment locally.
Over a three-year period from 2016 to 2019, Placer ranked fourth in the state for incoming investments. Los Angeles, Orange and San Diego counties ranked first through third, respectively.
Placer had a rate of 8.5% in business growth, the second-highest in the state, behind Riverside County’s rate of 8.7%.
Placer also ranked second in the state for new building permits, boasting a rate of 19.3 new building permits per 1,000 homes, well above the state’s average of 3.0.
SmartAsset Gross Domestic Product study:
Business Growth: 8.5%
GDP Growth in Millions: $557
New Building Permits: 19.3
For more information about the study, visit https://smartasset.com/investing/investment-calculator#california
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