Economic Development Action Plan - City of Moreno Valley
Economic Development Action Plan - City of Moreno Valley
Economic Development Action Plan - City of Moreno Valley
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<strong>Economic</strong> <strong>Development</strong> Update
<strong>Moreno</strong> <strong>Valley</strong><br />
Slower growth, but still among<br />
the fastest growing cities in<br />
California
The Perfect Storm -<br />
“The Great Recession”<br />
(4 th Qt. 2007 – 2 nd Qt. 2010)<br />
• Housing Downturn<br />
• Foreclosure Problems<br />
• Financial Crisis<br />
• High Unemployment<br />
Recovery Happening,<br />
But will be slow…
Quality Housing, Restaurants,<br />
Jobs and Shopping
Quality Housing
NEW to TownGate<br />
NOW OPEN:<br />
COMING:
Stoneridge Towne Centre<br />
New Owner – Weingarten Realty
<strong>Moreno</strong> Beach Plaza<br />
• 40-acre center anchored by Walmart<br />
• LA Fitness coming early 2013
<strong>Moreno</strong> <strong>Valley</strong> Auto Mall<br />
Moss Bros. Autogroup adds Volkswagen
Employment Opportunities<br />
• Created more than 2,900 jobs past two years<br />
• Ross Stores<br />
• Philips Electronics<br />
• Serta Mattress<br />
• O’Reilly Distribution<br />
• iHerb<br />
• Harbor Freight Tools<br />
• RCRMC<br />
• KAISER PERMANENTE<br />
• On average new businesses employ 70%<br />
from <strong>Moreno</strong> <strong>Valley</strong> residents
Highland Fairview Corporate Park<br />
Skechers USA<br />
• 1.8 million S.F. Building – will be Largest LEED facility in U.S.
Harbor Freight Tools<br />
• Distribution Center opened November 2011 with workforce<br />
<strong>of</strong> 350.<br />
• Current workforce is 430.<br />
• 690,000 s.f. 2 nd Distribution Center HFT’S will open fall 2012<br />
with additional 100 workers.<br />
• Will add another 507,000 s.f. to original building to move<br />
entire west coast distribution operation to <strong>Moreno</strong> <strong>Valley</strong>.
World Logistics Center<br />
• Proposed 41 million s.f. master planned<br />
logistics business campus<br />
• Specific <strong>Plan</strong> and EIR underway<br />
• Targeted to be one <strong>of</strong> the largest concentration <strong>of</strong><br />
• E-Commerce and Fulfillment Centers in U.S.
<strong>City</strong> Center<br />
Healthcare and Education<br />
• Advance the development <strong>of</strong> the <strong>City</strong>’s medical overlay zone<br />
• Marketing Highland Fairview’s development <strong>of</strong> a new major medical,<br />
health and wellness campus on 200 acres <strong>of</strong> the Aqua Bella property<br />
• New CIP projects will help assist development <strong>of</strong> medical overlay<br />
area<br />
• Kaiser Permanente’s 75,000 s.f. expansion to open<br />
early 2013 with 167 new jobs<br />
• RCRMC underway with expansion plans<br />
• Enhance educational opportunities<br />
• <strong>Moreno</strong> <strong>Valley</strong> College underway with expansion projects<br />
• RCRMC will be teaching hospital <strong>of</strong> new UCR Medical School, which<br />
will start Fall 2013
Get ConnectED<br />
<strong>Moreno</strong> <strong>Valley</strong> Business Support Services<br />
Goal is business retention and business expansion<br />
• Business Visitation Program<br />
• Business Roundtable<br />
• Business & <strong>City</strong> Connecting<br />
• Small Business <strong>Development</strong><br />
Center<br />
• Chamber <strong>of</strong> Commerce<br />
Outreach<br />
• Employment Resource<br />
Center (ERC)
<strong>Economic</strong><br />
<strong>Development</strong> Efforts<br />
• ED 2-year <strong>Action</strong> <strong>Plan</strong><br />
•New ED 3-Year <strong>Action</strong> <strong>Plan</strong> coming April 2013<br />
• Re-sequencing <strong>of</strong> CIP Projects<br />
• <strong>Action</strong> Steps to make <strong>Moreno</strong> <strong>Valley</strong> a “Best<br />
Place to do Business”<br />
• Combined <strong>Plan</strong>ning, Building & Safety and<br />
Land <strong>Development</strong> with <strong>Economic</strong><br />
<strong>Development</strong> to create Community &<br />
<strong>Economic</strong> <strong>Development</strong> Department<br />
• Quarterly Developer Workshops<br />
• Updated DIF program
<strong>Economic</strong> <strong>Development</strong><br />
<strong>Action</strong> <strong>Plan</strong><br />
South <strong>Moreno</strong> <strong>Valley</strong> Industrial Area<br />
Centerpointe<br />
TownGate<br />
<strong>City</strong> Center<br />
Eastern <strong>Moreno</strong> <strong>Valley</strong> – Rancho Belago
Invest In Your Community<br />
What’s spent in MoVal, stays in MoVal!
Program Expansion<br />
MoVal Deals: FREE Online-driven discount program to increase<br />
business and build consumer base- www.movaldeals.org<br />
MoVal Rewards: Event and cash prize driven program for<br />
residents to learn more about <strong>Moreno</strong> <strong>Valley</strong> and business<br />
community<br />
Chomp MoVal: Creative focus on dining with an episode format<br />
video series fashioned after Man V Food<br />
MoVal Games: Conceptual plans to connect business and<br />
families with a new signature event<br />
MoVal Friends: Grassroots community<br />
outreach to connect with <strong>Moreno</strong> <strong>Valley</strong><br />
sports leagues and other community groups
For More Information<br />
Community & <strong>Economic</strong> <strong>Development</strong> Department<br />
www.moval.org<br />
edteam@moval.org
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