Economic Development Action Plan - City of Moreno Valley

moval.org

Economic Development Action Plan - City of Moreno Valley

Economic Development Update


Moreno Valley

Slower growth, but still among

the fastest growing cities in

California


The Perfect Storm -

“The Great Recession”

(4 th Qt. 2007 – 2 nd Qt. 2010)

• Housing Downturn

• Foreclosure Problems

• Financial Crisis

• High Unemployment

Recovery Happening,

But will be slow…


Quality Housing, Restaurants,

Jobs and Shopping


Quality Housing


NEW to TownGate

NOW OPEN:

COMING:


Stoneridge Towne Centre

New Owner – Weingarten Realty


Moreno Beach Plaza

• 40-acre center anchored by Walmart

• LA Fitness coming early 2013


Moreno Valley Auto Mall

Moss Bros. Autogroup adds Volkswagen


Employment Opportunities

• Created more than 2,900 jobs past two years

• Ross Stores

• Philips Electronics

• Serta Mattress

• O’Reilly Distribution

• iHerb

• Harbor Freight Tools

• RCRMC

• KAISER PERMANENTE

• On average new businesses employ 70%

from Moreno Valley residents


Highland Fairview Corporate Park

Skechers USA

• 1.8 million S.F. Building – will be Largest LEED facility in U.S.


Harbor Freight Tools

• Distribution Center opened November 2011 with workforce

of 350.

• Current workforce is 430.

• 690,000 s.f. 2 nd Distribution Center HFT’S will open fall 2012

with additional 100 workers.

• Will add another 507,000 s.f. to original building to move

entire west coast distribution operation to Moreno Valley.


World Logistics Center

• Proposed 41 million s.f. master planned

logistics business campus

• Specific Plan and EIR underway

• Targeted to be one of the largest concentration of

• E-Commerce and Fulfillment Centers in U.S.


City Center

Healthcare and Education

• Advance the development of the City’s medical overlay zone

• Marketing Highland Fairview’s development of a new major medical,

health and wellness campus on 200 acres of the Aqua Bella property

• New CIP projects will help assist development of medical overlay

area

• Kaiser Permanente’s 75,000 s.f. expansion to open

early 2013 with 167 new jobs

• RCRMC underway with expansion plans

• Enhance educational opportunities

Moreno Valley College underway with expansion projects

• RCRMC will be teaching hospital of new UCR Medical School, which

will start Fall 2013


Get ConnectED

Moreno Valley Business Support Services

Goal is business retention and business expansion

• Business Visitation Program

• Business Roundtable

• Business & City Connecting

• Small Business Development

Center

• Chamber of Commerce

Outreach

• Employment Resource

Center (ERC)


Economic

Development Efforts

• ED 2-year Action Plan

•New ED 3-Year Action Plan coming April 2013

• Re-sequencing of CIP Projects

Action Steps to make Moreno Valley a “Best

Place to do Business”

• Combined Planning, Building & Safety and

Land Development with Economic

Development to create Community &

Economic Development Department

• Quarterly Developer Workshops

• Updated DIF program


Economic Development

Action Plan

South Moreno Valley Industrial Area

Centerpointe

TownGate

City Center

Eastern Moreno Valley – Rancho Belago


Invest In Your Community

What’s spent in MoVal, stays in MoVal!


Program Expansion

MoVal Deals: FREE Online-driven discount program to increase

business and build consumer base- www.movaldeals.org

MoVal Rewards: Event and cash prize driven program for

residents to learn more about Moreno Valley and business

community

Chomp MoVal: Creative focus on dining with an episode format

video series fashioned after Man V Food

MoVal Games: Conceptual plans to connect business and

families with a new signature event

MoVal Friends: Grassroots community

outreach to connect with Moreno Valley

sports leagues and other community groups


For More Information

Community & Economic Development Department

www.moval.org

edteam@moval.org

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