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"NEWS FLASH" - FEBRUARY 2011

2011 Real Estate Forecast Event

April 7, 2011
5:30PM-7:00PM
Reception to follow
Radisson Hotel & Conference Center
Downtown Fresno

This year’s speakers include:
Dr. Andrew Hansz, California State Univ. Fresno - Education
Robin Kane
, RCK Organization - Multi Family
Alan Rurik
, Mohr Rurik Capital Group Inc. - Finance
Dale Samuelian
, Pearson Realty - Agriculture
Michael Schuh
, Colliers International -Office
Ethan Smith
, Grubb & Ellis/Pearson Commercial - Industrial
Jim Whitlach
, President, Fresno Association of REALTORS ® - Residential

Tickets available at www.fresnoedc.com and the Fresno Association of REALTORS ® Fresno Office
Member Price: $25    Non Member Price: $40

Want to place an ad in the 2011 Real Estate Forecast publication?
Click here for the sponsorship package.
Check out last year’s publication here.

For more information, contact Kristen Fragoza
kfragoza@fresnoedc.com
559.476.2505

Thank you to our TITLE sponsor:

Leadership California Class of 2011

The Economic Development Corporation serving Fresno County is pleased to announce that Leadership California has selected Esther Cuevas, Director of Corporate Locations, as a member of the Class of 2011 for its California Issues & Trends Program (CIT). This is a prestigious, yearlong program for 60 women leaders from across the state of California.

Leadership California began in 1992 with a dream to inspire, inform, and advance women leaders who would influence California’s future. It provides a critical pathway for successful women who care about advancement, achievement, and significance.  These women are not only talking about change, but plan to be part of making it happen.  Alumnae serve on nonprofit boards and are knowledgeable appointees for state boards and commissions. 

Congratulations Esther!

Step 2 Workshops & Empowerment Zone Update

The Empowerment Zone has been extended through 2011!

Businesses within the City of Fresno Empowerment Zone can take advantage of an annual federal tax credit of up to $3,000 for each employee who also lives in an Empowerment Zone. Employers may verify their business location and employees address as being inside the Empowerment Zone using the City of Fresno’s Incentive Address Locator.

 If you would like to learn more about the Empowerment Zone or any other tax incentive/hiring credit programs and what necessary forms to complete to capture such credits, attend one of the BEAR Action Network Step 2 Workshops. Click here to view the Step 2 Workshop Calendar.

California's Enterprise Zones Axed?

California's Enterprise Zone program was established in 1984 to stimulate business investment in depressed areas of the State and create job opportunities for Californians. Today, businesses and workers both continue to benefit from the program.

Current legislation allows for 42 enterprise zones. Additional legislation was passed over the years to also establish one Targeted Tax Area, two Manufacturing Enhancement Areas, in addition to 7 Local Agency Military Base Recovery Area (LAMBRAs).

California communities received these designations from the State of California through a competitive process. While Zones have similar goals for improving the economic vitality of their communities, each is unique in the local incentives and special assistance they provide to the businesses located within the zone boundaries.  To see if your business is located within a designated enterprise zone visit www.fresnocountyez.com if your business is not within the City of Fresno, or the City of Fresno Incentive Zone Address Locator if your business is within the City of Fresno.

A USC study showed enterprise zones increase employment by 2%, household income by 7%, and also helped reduce poverty in the targeted zones. However, The California Budget Project, a non-profit group which advocates for low and middle class families, shows that enterprise zones place an increasing strain on the state budget and that large corporations are the biggest beneficiaries. Consequently, but not directly because of these incompatible studies there has been new legislation introduced; the two bills are:  AB 231 and AB 232.

AB 231 in its simplest form encourages businesses in an enterprise zone to hire eligible residents of certain geographic areas within a city, county, or city and county. Furthermore, AB 232 changes a number of provisions in the Government Code, including a modification of the stated purpose of the program. We suggest everyone to refer to the aforementioned links on each individual bill for explicit details of the proposed legislation.

The enterprise zone has been instrumental in aiding the local business community operating within Fresno County. If we were to examine just the hiring credit portion of the enterprise zone, of the 856 participating employers within Fresno County, representing both large and small businesses, at least 2,087 new jobs were created because of the enterprise zone.

Whether or not you were aware of the enterprise zone’s existence; or if your business never had the opportunity to reap the benefits that are still available, it is not too late. If you are a municipality you can pledge your support in favor of the enterprise zone by following the link provided and executing the resolution attachment. Moreover, if you are a local business or a part of the executive management of a local corporation please follow the link for the letter of support. Any letters should be addressed to Governor Brown’s office but delivered to us here at the EDC as we will be hand delivering them to the state. You can either email a copy to us at djones@fresnoedc.com or mail it to:

906 N Street, suite 120
Fresno, CA 93721

Also, the group Californians for Jobs and Safe Communities has created a website at which you can electronically send letters to your legislators by clicking ‘Take Action Now’.

We urge you to show your support of this incentive program for California businesses in whatever form you are comfortable with and to follow the EDC on Facebook or Twitter to receive updates on the issue.

"Fair Today, Job Tomorrow"

The Fresno County Department of Social Services, Economic Development Corporation serving Fresno County, KMPH FOX 26, and the Central California Hispanic Chamber of Commerce invite you to reserve a table at our Annual “Fair Today, Job Tomorrow” job fair taking place on:

Wednesday, March 30, 2011
10:00AM - 2:00PM
Fresno Fair Grounds, Commerce Building
1121 South Chance Avenue
Fresno, CA 93702
Free parking available
NO participation fees associated with this Job Fair

County EDCKMPH CCHCC

Kerman on the Move

Kerman, the fastest growing community in Central California since 2000 is beginning to experience the effects of its residential growth as commercial interest begins to take off. Here are some of the newest activities in Kerman, CA:

  • Wal Mart – Planning Commission recommends approval to City Council
  • Garcia Market – To locate at the former Save Mart
  • Yukon Jack’s – Estimated to open in March or April 2011
  • Kearney Palms III – Phase three of the complex is anticipated to begin in April 2011
  • RM Covington – Pulled 19 single family dwelling permits for homes
  • Enterprise Zone (EZ) Report – 33 Kerman businesses using Enterprise Zone
  • Panoche Creek Expansion – Kerman Almond Process Plant pulled permits for 102,000 sq. ft. expansion
  • Valley Health Team – Expanding and establishing a separate Dental Office in Kerman
  • West Side Infrastructure Grant – Sebastian Communications constructing a $5.5M fiber optic cable network on the Westside

New Faces at the EDC

The Economic Development Corporation would like to welcome our newest employees:

Blanca Aguirre, Economic Development Analyst

Blanca is a Reedley resident with five years of experience working for educational/vocational training programs serving Fresno County residents.

Suze Abejon, AmeriCorps VISTA Leader

Suze is in her third year with AmeriCorps VISTA. She is originally from Burbank, CA and has served as a VISTA in Colorado and Montana.

 

Interested in Becoming a Member of the EDC?

Contact us at 559-476-2500 for more information on levels of membership at the EDC.

REMINDER! Due to budget cuts, the EDC Office will be CLOSED on Fridays.

Become a fan of the EDC on Facebook
Follow fresnocountyedc on Twitter Follow the EDC on Twitter

For more information on the EDC, visit www.fresnoedc.com

 

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