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Kern County is California's most productive oil-producing county and ranks among the top agricultural counties in the country by value, with Bakersfield as its commercial and administrative center. Major crops include grapes, almonds, pistachios, and citrus, with Kern leading the state in almond, pistachio, and citrus production. Aera Energy, one of California's largest oil and gas producers, is among the city's major private employers, alongside Kern Medical and the Bakersfield City School District, the state's largest elementary district. Between 2022 and 2023, Kern County's economy grew 5.2 percent, well above the statewide average, driven largely by energy and agriculture.

Downtown Bakersfield has focused redevelopment around Mill Creek Linear Park, a 1.5-mile waterfront corridor connecting new housing, restaurants, and museums to the Bakersfield Convention Center, alongside the Weill Institute, a satellite campus of Bakersfield College. Healthcare has a strong downtown presence through Dignity Health's Mercy Downtown and Memorial Hospital locations. Companies have also relocated to Bakersfield for its comparatively inexpensive land and proximity to the ports of Los Angeles and Oakland, adding regional offices to the city's traditional oil and agriculture base.

With oil field operations, farm processing facilities, and freight companies spread across Kern County alongside a downtown healthcare and government core along Mill Creek, Bakersfield's local-service businesses, plumbers, HVAC contractors, dentists, and law firms, are competing for attention from a workforce split between industrial sites outside the city and a compact revitalized downtown.