WHY FRESNO COUNTY?
Talent Supply
- Growing labor force of over 460,000 as of 2023.
- Strong manufacturing industry growth outpacing the statewide and national growth rates.
- Unprecedented workforce investments awarded by the U.S. Department of Commerce.
- EDC’s Good Jobs Central Valley aims to support the upskilling and subsequent placement of 2,500 job seekers across multiple sectors, including manufacturing.
- Programming focused on employer needs to expand training the continuum for advanced technical skills.
- University alignment with STEM education; over over 500 engineering and computer science graduates annually between California State University, Fresno and regional community colleges.
- Over 32 course offerings in semiconductors and advanced materials.
Business and Family Friendly Environment
- Cost of living is 33.7% lower in Fresno County compared to the Silicon Valley, according to the latest estimates by MIT.
- Cost of labor for semiconductor-related occupations is 25.5% lower in Fresno County compared to the Silicon Valley, according to the latest BLS estimates.
- Incentives available at the regional and local levels can provide tax credits, subsidies, and direct funding for new manufacturing projects, helping to further offset the costs of energy and labor.
- Excellent K-12 school systems, community colleges, and universities.
Logistical Advantage
- Situated in the heart of California, Fresno County is conveniently located between two major seaports, with two of the state’s largest transportation corridors, Highway 99 and Interstate 5, also running through our region.
- This provides easy access to the major consumer markets of Northern and Southern California.
- Proximity to Silicon Valley (130 miles) is ideal for the semiconductor industry and related materials.
Growing with Ag-Tech Industry
- Fresno County is one of the leading agricultural producers in the nation, driving $8.1 billion in agricultural output in 2022 alone.
- Thriving ag-tech industry has created a market opportunity for a regional semiconductor supply chain to rapidly scale the integration of the underlying technologies powering autonomous systems, including sensors, imaging, AI, and machine learning.
Availability of Land
- Over 10,000 acres of planned developable land, with zoned parcels ready for industrial use.
INCENTIVES HIGHLIGHT
Fresno CHIPS Incentives Program
- Performance-based incentive offered to companies wishing to establish facilities for front-end semiconductor commercial fabrication, back-end production, and/or wafer and materials manufacturing in the City of Fresno.
- Fulfills the covered incentive requirement for applicants to receive direct funding through the federal CHIPS Act.
- Development incentive agreements negotiated with the City Manager may subsidize applicants $1 for every $15 of labor income resulting from the project, in the form of a property/sales tax abatement.
New Employment Opportunities (NEO)
- Up to 100% wage reimbursements offered to Fresno County employers willing to hire eligible CalWORKs participants.
- No hiring limit; offers a mutual benefit for both employers and job seekers.
- Over $15 million in wages reimbursed since the program’s inception.
Pacific Gas & Electric (PG&E) Economic Development Rate (EDR)
- Manufacturing companies may qualify for up to a 20% rate reduction in their monthly electricity bill through PG&E.
California Competes (CalCompetes)
- Up to $240 million allocated per funding round in the form of an income tax credit or state grant, available to businesses wanting to locate or expand in California.
Selma Crossing
This ±286-acre site in Selma offers prime visibility with frontage along both Highway 99 and South...
Scannell Industrial
Premier industrial park featuring three office/warehouse buildings under development totaling...
Herndon Pinnacle Complex
Premier 45,000 SF Class A office development offers a modern, professional environment designed to...
3820 S. Minnewawa
Fully-entitled, two-building, logistics development located in Fresno, CA. The project consists of...
3488 W Ashlan
Versatile ±40,000 SF industrial building designed for heavy-duty operations and excellent...
3441 S. Willow
Fully-entitled, 248,640± SF, Class “A” project on 13.65± acres available for sale or lease...
About the Fresno County Economic Development Corporation
The Fresno County Economic Development Corporation is a private non-profit organization established to market Fresno County as the premier location for business prosperity. We facilitate site selection for new businesses and assist in the retention and expansion of local businesses within Fresno County.
Contact
William Oliver | President & CEO
(559) 476-2500
woliver@fresnoedc.com