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Business and Industry

The University of California, Santa Barbara, (UCSB) Economic Forecast Project estimates in its 2009 Oxnard Economic Outlook that Oxnard’s 2009 gross city product will be $9.5 billion.

This is a healthy 6.5 percent real gain from 2006 and is 2.3 percentage points higher than the county. In fact, the Oxnard economy grew more rapidly than Ventura County’s economy.

It is further forecast, however, that Oxnard’s total employment will decrease 1 percent in 2009.

Oxnard Harbor District

The Port of Hueneme has emerged in recent years as one of California’s fastest-growing seaports. Since the port’s designation as a U.S. Port of Entry and the establishment of Foreign Trade Zone #205, cargo throughout has risen to record levels. The Port moves $7.5 billion in cargo value annually, ranking in the top 100 nationally among all U.S. ports. International businesses use the Port of Hueneme as their trade gateway between North and South America, Asia, and Europe.

The Port’s annual economic impact of more than half a billion dollars in direct economic activity and more than 4,500 direct and indirect jobs spotlights its position as one of Ventura County’s premier economic development engines.

The Port of Hueneme has more than 256,000 square feet of on-dock refrigerated transit space serving fresh agricultural shippers and refrigerated ocean carriers. These facilities position the port as a major player in the United States for fresh fruit and produce cargoes.

Additionally, the Port of Hueneme continues to be active in the movement of automobiles and heavy equipment. BMW, GM, Land Rover, Kia, Hyundai, Jaguar, Mitsubishi, Maserati, Mini Cooper, Rolls Royce, Saab, Suzuki and Volvo all move automobiles destined for the western U.S. through the Port of Hueneme.

The port’s success is due, in part, to its geographical position less than 60 miles from the greater southern California market. Its unique position near the Santa Barbara Channel also makes Hueneme the primary support facility for the Central Coast’s offshore oil industry, as well as for an active commercial fishing industry.

Flexibility of facilities and innovative services add to the Port of Hueneme’s attraction. Near-dock rail service is provided by the Ventura County Railroad to the Union Pacific mainline in nearby Oxnard.

Naval Base Ventura County

October 11, 2000, marked the establishment of Naval Base Ventura County (NBVC) during a ceremony held at Point Mugu. The two commands of Naval Air Station (NAS) Point Mugu and Construction Battalion Center (CBC) Port Hueneme were consolidated into a completely new organization.

NBVC is a major aviation shore command and Naval Construction Force mobilization base providing airfield, seaport and base support services to fleet operating forces and shore activities. NBVC and its tenants directly employ more than 17,000 people including 6,000 civilians, 5,600 military personnel, 1,300 contractor personnel, and thousands of additional subcontractors.

The UCSB Economic Forecast Project estimates Oxnard’s 2008 real output growth to be -0.9 percent, a decrease of 4 percent from 2007. They forecast the City's real output growth in 2009 to be -1.1 percent. This compares equally to the County's expected real growth rate of -1.1 percent.

Oxnard's employment is expected to decrease 1 percent in 2009. This represents a substantial loss from 2007 when employment grew 3.5 percent. The UCSB Economic Forecast Project expects employment growth to remain below 1 percent in 2009 and 2010.