With a well-established business park, three large industrial areas and other manufacturing and industrial sites throughout the city, Covina is particularly well-positioned to meet the needs of growing businesses.
Reasonable operating costs and a highly skilled workforce make Covina an ideal location for startup companies and high-tech firms. One of the city’s major developments is the Covina Technology Center, with facilities for a wide array of corporate needs. With room for administrative offices, research and development, plus assembly and distribution facilities, the center offers ample room for continued growth.
Pall Medical is the city’s largest employer. Other major firms include national chains like IKEA, Wal-Mart and Toys R Us. The business community also includes some 200 manufacturers.
The skills of Covina’s workforce can’t be overstated. More than 57 percent of city workers are in white-collar jobs. Covina has more than 900 businesses in health, law, engineering and architecture. Communication, transportation and utilities account for another 44 businesses.
Covina’s workforce is well-educated, too. More than 21 percent have undergraduate degrees, and five percent have advanced degrees.
Highly skilled workers account for about one-third of the San Gabriel Valley’s entire labor force — a figure even higher than that of Los Angeles County. And since Covina’s economy is so stable, the unemployment rate is consistently lower than that of surrounding communities.
Retailers perform exceptionally well in Covina. The city regularly exceeds state average for per-capita taxable sales by 30 percent to 40 percent.