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:Rank: 4 County: PlacerState: CaliforniaBusiness Growth: 8.5%GDP Growth in Millions: $557New Building Permits: 19.3
For more information about the study, visit https://smartasset.com/investing/investment-calculator#california
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