Long Beach is shaping up to be a haven for tech and clean energy, with Mayor Rex Richardson announcing a slew of economic developments aimed at boosting the city's economy. At the recent 2024 Grow Long Beach presentation, attended by local and national figures, the mayor detailed the progress in attracting tech giants and advancements in aerospace. Major headlines include Ford opening a new R&D facility and Ampaire setting up headquarters in the city. According to the City of Long Beach, Long Beach is investing in a cleaner, more innovative future, evident in the commitment from these companies to the area.

The city's aerospace sector, dubbed "Space Beach," is particularly buoyant, with SpaceX expanding its operations and both Relativity Space and Rocket Lab riding the momentum of industry achievements. "The arrival of Ford Motor Company, along with the announcement of thousands of new clean tech and high-quality jobs on hand, is evidence that our Grow Long Beach focus is working," Mayor Richardson said, as per the City of Long Beach. This sector not only promises to inject quality employment opportunities but also establishes Long Beach as a formidable player in the space and clean tech industry.

New initiatives are also underway to prepare local youth for STEM careers, with the inauguration of the Space Beach Youth Camp. But it's not just about aerospace — the city's economic plan embraces various industries, from music to tourism. An outdoor amphitheater set for completion by summer 2025 aims to boost the cultural scene, drawing artists and spectators to the downtown waterfront, as detailed by the City of Long Beach. Moreover, the hosting of major conventions like the United States Conference of Mayors and others secures Long Beach's place as a key destination for business and leisure for years to come.