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A Strong and Diverse Local Economy
In the past decade, Oakland has ranked among the top cities for business in Forbes and other publications. As part of the ninth largest regional economy in the United States with a Gross Regional Product exceeding $200 billion, Oakland boasts a strong and diverse business environment.
Major firms continue to relocate in Oakland to enjoy the city's affordability, central geographic location, accessibility, climate and cultural amenities. Oakland's corporate community includes Clorox, Kaiser Permanente, Cost Plus, Dreyer's Grand Ice Cream, Pandora, Rainin Instruments and many others. Oakland's leading industry sectors include business services, health care services, transportation, food processing, light manufacturing, government, arts, culture and entertainment.
Based on U.S. Census data, Oakland is ranked third in the nation in the percentage of women-owned businesses.
Downtown Oakland is home to a vast telecommunications network with hundreds of miles of underground fiber-optic cable. Oakland’s infrastructure is a major attraction in the global information industry.
Of the sixty largest office markets in the United States, Oakland is expected to have the strongest market for the next several years, according to the Landauer Realty Group.
An updated number of Oakland businesses and business licenses can be found in the Economic Indicators Report, found here.
Oakland businesses are comprised such as the following:
source: Econovue Jan 2013
Construction Continues in Oakland
|Year||# of Permits Issued||# of housing units added||Value of New Residential Construction||Value of Other Residential Construction||Value of Non-Residential Construction||Total Value of Permits|
Taxable Sales in Oakland by Business Category
|Business Category||Q1 2012||Q1 2013||Change|
|Auto and Transportation||$ 1,620,967||$ 1,716,394||5.9%|
|Fuel and Service Stations||$ 1,757,197||$ 1,745,287||-0.7%|
|Restaurants and Hotels||$ 1,507,927||$ 1,641,150||8.8%|
|Business and Industry||$ 1,460,674||$ 1,477,165||1.1%|
|General Consumer Goods||$ 1,283,161||$ 1,325,533||3.3%|
|Food and Drugs||$ 918,021||$ 945,244||3.0%|
|Building and Construction||$ 805,874||$ 866,643||7.5%|
|Transfers and Unidentified||(300)||(468)||-56%|
|Total||$ 9,353,521||$ 9,716,948||3.9%|
Source: HdL 1Q 2013 report