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April 2011 | EDC serving Fresno County | www.fresnoedc.com

A Message from CEO Steve Geil: 

The Future of Real Estate



We learn much about the future from the past. In the past, there have always been adjustments in real estate markets. From depressions to recessions, booms to busts, real estate has been the most stable investment for our cities. But timing is everything.

Right now, all investors are looking at what a city has to offer from incentives before making a move to expand or locate anywhere. And with prices at rock bottom, there are many incredible investment opportunities in rural and metropolitan areas. Now is the time to make sure your community has made the adjustments to attract retail, commercial or industrial investment in order to compete on a level playing field. 

Sanger recently raised the stakes by removing certain fees to encourage business to consider Sanger as a place to invest and grow. Clovis is offering new businesses the opportunity to take advantage of a new city incentive that will pay back half their sales tax revenues over the next three years. What has your city done? Let the EDC know so we can represent your community to the businesses we are bringing to Fresno County. They are interested in the opportunities our cities have to offer.

Also, don't miss the EDC's Annual Real Estate Forecast Event on Thursday April 7, 2011.The Event will be held from 5:30 PM to 7:00 PM at the Radisson Hotel & Conference Center in Downtown Fresno, Reception to Follow. It is the largest event of its kind, and it will be worth your while to attend. Come see where your community measures up to the predictions of the local experts. 

Fresno County cities are the premier locations to expand and grow your business. 


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EDC Update

The EDC has been participating in many exciting activities. Click Here to see our most recent quarterly board report and take a look at what we have been up to lately! 


CCVEDC Board Legislative Mission

Lee Ann Eager, Chief Operating Officer of the EDC, along with other Board Members of the California Central Valley Economic Development Corporation, recently attended an Annual Legislative Mission at the State Capitol in Sacramento. Some of the most discussed topics at the mission included the status of Enterprise Zones and Redevelopment Areas in California. (Read More)












Featured News

LOCAL VOICES PASSIONATE ON TRANSPORTATION FIXES

Hundreds gathered at the UC Merced Center in Fresno, both in favor and against California's proposed high-speed rail. (Read More)

CENTRAL VALLEY NMTC FUND, LLC, AWARDED $35 MILLION IN NMTC ALLOCATION

Congressman Jim Costa (CA-20) announced that the Central Valley NMTC Fund, LLC, headquartered in the 20th Congressional District was selected by the U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) to receive $35,000,000 in allocation authority under the calendar year 2010 round of the New Market Tax Credits Program (NMTC Program). (Read More)

PROJECT TO REVIVE EXHAUSTED COALINGA FIELD

A once-productive oil and gas field near Coalinga will get new life as two companies finalized an agreement on a field extension drilling project. (Read More)

FYI...

SOCIAL MEDIA: BEST PRACTICES FOR BUSINESS EXPANSION AND ECONOMIC DEVELOPMENT

Before you log on, click through these articles to learn how to make social media work for your business. (Read More)

FRESNO HOSTS SMALL BUSINESS TRAINING PROGRAM

Fresno is one of eight new cities to adopt an executive-level training program designed to give small businesses an edge during tough economic times. (Read More)

RAIL AUTHORITY SEEKS CONTRACTORS TO BEGIN WORK

Following a commitment to work with small businesses on the state's high-speed rail project, the California High-Speed Rail Authority is now accepting proposals for contracts for the first $5.5 billion of the 800-mile project linking Sacramento and the Bay Area to Southern California. (Read More)

VALLEY AFFORDABLE HOUSING PROJECT GETS $2.7 MILLION

The Federal Home Loan Bank of San Francisco has awarded more than $2.7 million in grants for affordable housing projects in Tulare, Madera and Fresno Counties. (Read More)

FIREBAUGH LOW-INCOME PROJECT TO GET SOLAR

Firebaugh's San Joaquin Villas development received an installation of a 13.77-kilowatt solar-power system that should reduce the bill for six resident families by 75%. (Read More)

HOME DEPOT TO HIRE 150 FOR LOCAL TEMP JOBS

Home Depot to hire more than 150 people in the Fresno Area for the spring and summer - the Atlanta-based retailer's busiest time of year. (Read More)

FORD TO HIRE 7,000 WORKERS

Ford Motor announced that it will add 7,000 new hourly and salaried jobs in the United States by the end of 2012. (Read More)

PARAMOUNT CITRUS CREATING 500 JOBS IN DELANO, CALIFORNIA

Paramount Citrus is opening a 600,000-square-foot mandarin orange packing house in Delano, California, next year that will create 500 local jobs. (Read More)

BANK OF THE SIERRA GIVES OUT REVITALIZATION GRANT

Bank of the Sierra awarded a grant of $1,750 to Fresno Urban Neighborhood Development, Inc., a community benefit organization that partners with people, volunteer groups and businesses to revitalize and restore depressed areas of inner-city Fresno. (Read More)


Upcoming Events and Trade Shows

Windpower 2011 Conference & Exhibition - Anaheim, CA

Windpower 2011 is the focal point for wind professionals to learn about wind issues, technology and policy while networking with industry decision makers, and generating high-quality business leads. 

May 22-25, 2011 (Read More)



Intersolar North America - San Francisco, CA

Intersolar Promotes the development of business opportunities throughout the North American Solar Industry.

July 12-14, 2011 (Read More)


Fresno Business Matchmaking and Networking Event - Fresno, CA

The EDC serving Fresno County, the City of Fresno, and other community partners will be hosting the fourth annual Business Matchmaking and Networking Event on Thursday August 25, 2011. Click Here to access the event website, where you will be able to find registration information and further details about this unique opportunity for businesses.



Thank You For Reading!

Thank you for taking the time to read the EDC's bi-monthly newsletter. Please feel free to contact the Corporate Locations team with any questions or comments.

Esther Cuevas

Director of Corporate Locations

559-476-2507

ecuevas@fresnoedc.com

Fernando Santillan

Corporate Locations Coordinator

559-476-2504

fsantillan@fresnoedc.com

Julie Trigleth

Economic Development Analyst

559-476-2502

jtrigleth@fresnoedc.com


 
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