innovation healthcare logistics education transportation County of San Bernardino Economic development agency Economic Profile

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1 innovation healthcare logistics education transportation County of San Bernardino Economic development agency 2014 Economic Profile

2 County of San Bernardino TABLE OF CONTENTS COUNTY AT A GLANCE BUSINESS ASSISTANCE - DEPARTMENT OF ECONOMIC DEVELOPMENT TRAINING PROGRAMS - WORKFORCE INVESTMENT BOARD BUSINESS INCENTIVES HOUSING OPPORTUNITIES IN SAN BERNARDINO COUNTY QUALITY OF LIFE

3 COUNTY AT A GLANCE QUICK FACTS Largest county in the Continental U.S. - 20,160 sq. miles Local market of 23 million people and GDP of US $1 trillion (within 3 hours of driving) One of the fastest-growing metro areas in the nation Most affordable housing options in Southern California Unparalleled infrastructure assets GEOGRAPHY The County begins about 30 miles east of Downtown Los Angeles and stretches to the Arizona and Nevada borders On average, there are 312 to 340 days of sunshine during the year, depending on whether the community is in the desert, mountains or valleys Population growth between 2000 and 2009 was 350,323 DEMOGRAPHICS (2012 ESTIMATES - American Community Survey) The County s 2.1 million residents make it the 12th largest county in the U.S. in terms of population. Its population is larger than 14 states in the nation. Median age No. of households - 600,688 No. of families - 457,932 Average household size Median household income - $50,770 (2015 projection - $60,971) Average household income - $64,746 (2015 projection - $73,901) Total taxable retail sales (with food/drink) in 2012 were $19.2 billion (Source: ESRI, 2012) WORKFORCE Workforce - 855,700 Labor force population (Inland Empire) million 77.9 percent have high school diplomas 18.5 percent have college degrees (among 25 and older population) Population over 25 years of age with Bachelor s Degrees or higher in the Inland Empire - 232,053 Mean commute minutes. Forty-seven percent of local residents would accept at least five percent lower pay to avoid commuting to Orange County, while one percent would accept 15 percent less to work locally. TRANSPORTATION About 40 miles from the seaports of Los Angeles/ Long Beach Three large airports with spare capacity and available space nearby (ONT, SBD and VCV) LA/Ontario International Airport (ONT) is a medium-hub, full-service airport with commercial passenger service to major U.S. cities and Mexico. It is also a major cargo airport and serves as UPS west coast air hub Home to the busiest rail corridors in the U.S. Rail service by Union Pacific and BNSF connects the seaports of Los Angeles/ Long Beach with destinations east of the Rockies. These rail connections make the County a great location for U.S. regional distribution centers Gateway to key interstate highways (I-10, I-15 and I-40) that connect Southern California with the rest of the U.S. east of the Rockies. These infrastructure assets make San Bernardino County a perfect location for a western U.S. regional distribution center for national chains Recreation 9Large Regional Parks 2 Lakes Arrowhead & Big Bear 1River Colorado 6Ski Resorts 1 Speedway Auto Club 4 National Parks/Preserve/Forest COMPARISONS Industrial spaces in San Bernardino County often are more modern, have better amenities and easier access to major highways and arteries. Available industrial spaces in the coastal counties are between 40% (for warehouses/distribution) to more than 100% (for R&D/flexible spaces) more expensive than in the San Bernardino - Riverside metro area. The lower vacancy rates in the coastal counties also mean fewer choices in general. Labor costs in San Bernardino County tend to be lower than those in the coastal counties. Many of the residents who commute to coastal counties for work are willing to accept lower pay for jobs closer to home. INDUSTRIAL SPACE COST COMPARISONS, 2013 Q3 Industrial Asking Lease Rates Per Square Foot per Month Inland Empire vs. Coastal Counties 3rd Quarter 2013 (Source: CBRE) $0.39 $1.91 $0.60 $2.09 $0.66 $2.60 $1.05 Inland Empire LA County Orange County San Diego County CLASS A: SPACE COST COMPARISONS, 2013 Q3 Class A Office Asking Lease Rates Per Square Foot per Month Inland Empire vs. Coastal Counties. 3rd Quarter 2013 (Source: CBRE) Inland Empire Orange County San Diego County $2.74 LA County CLASS B: OFFICE SPACE COST COMPARISONS, 2013 Q3 Class B Office Asking Lease Rates Per Square Foot per Month Inland Empire vs. Coastal Counties. 3rd Quarter 2013 (Source: CBRE) Inland Empire Orange County San Diego County LA County TAX STRUCTURE Taxes in San Bernardino County will vary depending on the type of business being proposed along with the exact location being considered. Most business activity within the County takes place in the more urbanized areas which tend to be within the boundary of one of the County s 24 incorporated cities or towns. With regard to taxes, permits and licenses, there is a general consistency between the cities/ towns and the unincorporated areas as to which items will be required to start business operations but fees and taxes will tend to vary. GENERAL TAXES Property Tax - 1% of assessed valuation Sales Tax - 8% (with the exception of the Cities of San Bernardino, Montclair and Norton AFB in San Bernardino, which are all at 8.25%) ECONOMIC PROFILE $1.69 $1.84 $2.15 $

4 BUSINESS ASSISTANCE DEPARTMENT OF ECONOMIC DEVELOPMENT The Department of Economic Development provides a variety of programs and services designed to attract new industry to the County as well as retain existing businesses, with the ultimate objective of maximizing employment opportunities and increasing capital investment in the area. The Department offers a variety of incentives, financing programs, demographic and statistical information. It provides technical assistance, referral services and financing resources. The Economic Development Department as well as Fire, Planning and Building and Safety all worked together to help make the project a success. - Matt Englhard, Vice President Alere Property Group SITE SELECTION ASSISTANCE The Department of Economic Development offers free site selection assistance to new and existing businesses within the County. This assistance consists of a confidential site search for available properties based on specific client-provided site criteria, as well as coordinating site tours with real estate brokers and developers. MARKET ANALYSIS ASSISTANCE The Department offers free market analysis and demographic information in the form of the following customized reports and maps: Market profile and analysis Demographic and income profile Housing profile Retail goods and services expenditures Retail marketplace profile Business summary Standard site map Aerial map PERMITTING ASSISTANCE The Department can offer assistance with obtaining County land use permits to businesses. This service includes coordinating permits with various development-review departments and providing expedited permit processing and plan check. SEAMLESS DEVELOPMENT OPPORTUNITIES The County provides seamless development opportunities by having one main contact in the County s jurisdiction to facilitate development. TRAINING PROGRAMS WORKFORCE INVESTMENT BOARD The San Bernardino County Workforce Investment Board (WIB) is committed to meeting the on-going hiring needs of businesses. The WIB offers assistance to businesses through on-the-job training reimbursement programs and tax credits. They specialize in customized employment services including job recruitment and pre-screening processes to help meet the unique hiring needs of any business. Workforce Recruitment Services: Customized recruitment services for businesses Work Opportunity Tax Credit (WOTC): Federal tax credit provided to employers based on the number of hours of employment Welfare-to-Work Tax Credit: Program designed to assist welfare recipients to obtain or prepare for employment On-the-Job Training (OJT) Incentives: Provides a reimbursement of up to 50 percent of the wages paid over a set training period for eligible new hires Customized Training Programs: Training for currently employed workers In the past year, the Department of Economic Development and WIB partnered with the business community, educators and laborers to identify and meet the needs of the business community by providing a skilled and growing workforce. As a result of those efforts, the Department of Economic Development and the WIB were able to offer instruction in the following industries: Advanced manufacturing Transportation and logistics Solar energy Electrical maintenance technicians Business customers can also benefit from customized recruitment services, easy access to a large pool of pre-screened job applicants and other resources provided through the County s three America s Job Centers of California located in San Bernardino, Rancho Cucamonga and Victorville. Human Resources Hotline: For free Human Resources consulting, call Layoff Aversion Services and Rapid Response: Provides free business consultation to businesses considering reducing their workforce, and offers affected employees training and assistance in finding new employment San Bernardino County America s Job Center of California The America s Job Center of California provides business owners with access to government agencies and other community-based business organizations. Through various partners, the center can assist you with general information on how to start a business, how to write a business plan and how to secure business financing. Businesses prepared to hire employees may meet with a center Business Resource Specialist to learn more about hiring practices, gain access to recruitment services and benefit from money saving hiring and training programs. America s Job centers of california (AJCC) are located at : Rancho Cucamonga 9650 Ninth Street, Suite A Rancho Cucamonga, CA Victorville Bear Valley Road, Suite 109 Victorville, CA San Bernardino 658 E. Brier Drive., Suite 100 San Bernardino, CA Employment Training Panel (ETP) Training Incentives: Provides funds to off-set costs of job skills training necessary to maintain a high performance workplace 3 4

5 BUSINESS INCENTIVES BUSINESS INCENTIVES CONT. The San Bernardino County Economic Development Agency (EDA) is your partner in business success. EDA offers a variety of resources and assistance to businesses, including: Site Selection Assistance Labor Market and Market Analysis Assistance Regulatory and Tax Assistance Project Facilitation and Permitting Assistance EDA connects businesses to a variety of federal, state and local incentives or assistance. In addition, the County may negotiate additional incentives on a case-by-case basis depending on sales and purchasing volume by the business. Key incentives include: California Competes Tax Credit State Hiring Credit Sales and Use Tax Exemption State Research and Development Tax Credit Employment Training Panel Sales and Use Tax Exclusion (STE) Manufacturing Technology Consulting Hybrid and Zero-Emission Truck and Bus Voucher California FIRST/Property Assessed Clean Energy (PACE) GO-BIZ Permit Assistance Federal Investment Credit - Property Workforce Development Incentives Work Opportunity Tax Credit (WOTC) Foreign Trade Zones (FTZs) EB-5 Immigrant Investor Program Recycling Market Development Zones (RMDZs) Project-Specific Incentives Southern California Edison Industrial Development Bonds (IDBs) For more information about business programs and incentives, please visit or contact: Economic Development Website Economic Development Department Foreign trade Zone (ftz) Designations A Foreign Trade Zone is a secure, access-restricted Customs & Border Protection privileged area in or near a U.S. Port of Entry where merchandise, both domestic and foreign, may be admitted for storage, manipulation, manufacturing, exhibition, and/or destruction duty-free. Most developable land within the County falls within three designated Foreign Trade Zones. Contact us or the zone administrators below to activate your manufacturing facility: FTZ #50 covers the San Bernardino International Airport and portions of San Bernardino, Los Angeles and Orange Counties. To operate in or receive designation as a site within FTZ #50, please contact the grantee: Board of Harbor Commissioners of the Port of Long Beach, Diana Lam-Brandt, Administrative Analyst, (562) , diana.lam-brandt@polb.com. FTZ #202 covers a portion of San Bernardino, Riverside, Los Angeles, and Orange Counties. To operate in or receive designation as a site, please contact the grantee: Board of Harbor Commissioners of the City of Los Angeles, Masashi Morimoto, FTZ 202 Manager, (310) , mmorimoto@portla.org. FTZ #243 covers the Southern California Logistics Airport and various sites in the cities of Ontario, Chino, and Rialto. To operate in or receive designation as a site, please contact the grantee: City of Victorville, Tracy Foster, FTZ Manager, (760) , tfoster@ci.victorville.ca.us. Benefits of the FTZ include: Assistance in facilitating and expediting international trade Assistance in attracting international activity and encouraging retention of domestic activity No duty is paid if the merchandise is exported directly from the zone There are no duties or quota charges on re-exports Customs duties and federal excise tax are deferred on imports until the cargo is removed from the zone Foreign goods and domestic goods held for export are exempt from state/local inventory taxes A strategic link and ease of access to local, regional, national and international markets Permissible activities in the Foreign Trade Zone include: Foreign and domestic merchandise may be stored within the zone for an unlimited period of time, thereby avoiding duties and taxes for product handling Merchandise may be opened, sampled, examined, assembled, mixed, cleaned, labeled or repackaged within the zone Waste materials and damaged or valueless merchandise may be destroyed and disposed of within the zone to avoid duties EB-5 Visa: Attracting Foreign Investments The EB-5 Program aims to promote investment opportunities in the County and bring much needed capital to grow area businesses. The Regional Center program allows a designated entity to offer an EB-5 U.S. Visa as part of an incentive package to attract foreign investors into project areas within the County of San Bernardino. This program brings capital and jobs into the local economy. Under current U.S. law, foreign investors seeking legal permanent residency through investment may commit to a minimum of $500,000 to a targeted project within a Regional Center to apply for an EB-5 U.S. Visa. If approved by the U.S. Customs and Immigration Service (USCIS), foreign investors are granted a conditional two year green card. After two years, the investor must provide proof that ten jobs within the region have been created as a result of the investment. The following is a list of business resource centers that serve San Bernardino County. U.S. Citizenship and Immigration Services EB-5 Immigrant Investor Program Regional Centers serving San Bernardino County American Redevelopment Solutions Ronald Darling, CEO Von Karman, Suite 750 Irvine, CA Phone: red@arregionalcenter.com Industries: Commercial, office and retail California Energy Investment Center Andrew Young 228 Hamilton Avenue Palo Alto, CA Phone: Andrew.young.usa@gmail.com Industries: Solar power, oil extraction, biomass, conversion, wind power generation, water recovery, geothermal power generation, and environmental technologies California Investment Immigration Fund, LLC 25 W. Valley Blvd., Suite #H118 San Gabriel, CA Phone: invest@ciifusa.com Industries: Hotel/hospitality, retail, mixed-use residential, commercial, industrial, warehousing, restaurant and entertainment, and senior living facilities CMB Regional Centers Jack A. Porter, Senior Project Developer Street West Rock Island, IL Phone: jporter@cmbeb5visa.com Industries: Concept driven, mostly infrastructure, industrial, public works, demolition, environmental, remediation, solar energy, general construction, etc. 5 6

6 BUSINESS INCENTIVES CONT. HOUSING OPPORTUNITIES IN SAN BERNARDINO COUNTY U.S. Citizenship and Immigration Services EB-5 Immigrant Investor Program Regional Centers serving San Bernardino County (Continued) Empyrean Liberty West Jay Carter, COO N. Pacesetter Way Scottsdale, AZ Phone: Industries: Commercial, healthcare, hospitality, renewable energy, motion pictures and manufacturing Green Energy Regional Center LLC John Chang 150 Mathilda Place, Suite 206 Sunnyvale, CA Phone: Industries: Solar panel manufacturing and installation M&D Regional Center Min Chae, Manager 3100 East Imperial Highway Lynwood, CA Phone: Industries: Mixed use commercial and residential The Recycling Market Development Zone The Recycling Market Development Zone (RMDZ) program is a geographically based program that provides incentives in the form of loans, technical assistance and free product marketing to businesses that use materials from the waste stream to manufacture their products. This program combines recycling with economic development to divert waste from landfills while growing business and creating jobs. San Bernardino County has four RMDZ s: San Bernardino County Zone Administrator Chino Valley Zone Administrator High Desert Zone Administrator Hesperia Zone Administrator The Community Development and Housing Department s Housing Division works to improve the quality of life for residents throughout the County by administering a wide range of programs funded through the U.S. Department of Housing and Urban Development (HUD). Funding sources include the Home Investment Partnership Program (HOME), Community Development Block Grant (CDBG) and the Emergency Shelter Grant (ESG) program. HOME assists in the provision of affordable housing through gap financing for multi-family housing construction through the Affordable Housing Development Loan Program (AHDLP). ESG provides temporary housing assistance in the form of short term rental and utility payments as well as transitional housing. The CDBG Provides Funding to Revitalize Neighborhoods by: Building fire stations, parks and community centers Building public infrastructure such as roads, water and sewer lines Providing new or increased public services to local residents MEDIAN HOME SALE PRICE COMPARISON, JUNE 2013 $232,000 san bernardino county $280,000 riverside county $420,000 San diego county $430,000 Mamey Investment Corporation Regional Center Properties, Inc. Nelson Mamey, President 5160 Birch Street, #200 Newport Beach, CA Phone: info@mamey.net Industries: Retail plazas, office, education, medical, parks, restaurants, and entertainment For more information about the RMDZ program, please visit: and/ or to contact your zone administrator Constructing new affordable housing Los Angeles county $570,000 orange county YK America Regional Center LLC Lower Azusa, Suite 202 El Monte, Ca Phone: info@ykarc.com Industries: Regional shopping centers, downtown revitalization, mixed-use projects, entertainment, hotel, and industrial warehouses 7 8

7 QUALITY OF LIFE QUALITY OF LIFE CONT. Situated in the beautiful Inland Empire directly east of Los Angeles, San Bernardino County offers visitors and residents an exhilarating mixture of recreation, entertainment, academia, culture, history and hospitality. Spend the morning fishing or boating at one of several clear lakes in the wooded San Bernardino Mountains, then enjoy an afternoon of golfing or shopping before taking in a good meal and a show. The County of San Bernardino is home to lakes where you can ski and fish. Big Bear Lake, Green Valley Lake, Lake Silverwood, Lake Gregory and Lake Arrowhead are just a few of the spectacular lakes within a short drive of urban San Bernardino. San Bernardino County boasts a vibrant arts community that includes the San Bernardino Symphony Orchestra and no fewer than six performing arts centers and theaters. You ll also enjoy a rich menu of other ongoing cultural activities at one of dozens of music venues, multiplex theaters, art galleries and exhibition halls. For a fun outdoor experience, the Joshua Tree Music Festival offers music-lovers a picturesque outdoor setting and passionate performances by talented artists. Music-lovers can experience the Joshua Tree Music Festival on a bi-annual basis, held in Fall and Spring. One of the County of San Bernardino s greatest features is its proximity to the mountains, deserts and valleys. For the experienced hiker, the best adventures await along the miles of trails that wind through the area s varied terrain. You ll also find an abundance of camping opportunities. When winter arrives in San Bernardino County, so does the fun. Strap on your skis or snowboard for action at one of the region s six ski areas. Snowboarding and skiing are not the only activities in San Bernardino County that involve speed. The Auto Club Speedway is the state s largest sporting venue, offering NASCAR, grand prix and motocross racing. Every September, the Cruisin 66 Reunion transforms downtown Ontario into one of California s largest cruisin classic car shows, celebrating the famous highway that cuts through the County. For those who want a more sedate outdoor experience, pack up your clubs for a day of golf at one of the numerous awardwinning public and private courses located throughout the County. When its time to slow down, San Bernardino County has the remedy. The Lake Arrowhead Resort and Spa is set right on the clear waters of strikingly beautiful Lake Arrowhead. About 90 minutes away and a mile above the stress of the Los Angeles basin is an elegant resort nestled in the lush forest of the San Bernardino Mountains. RECREATION AND ENTERTAINMENT San Bernardino County recreation is sure to have something for everyone. Whether it is hiking, snow skiing, mountain biking or just spending a day at the raceway or watching baseball, there is always something to do in San Bernardino County. Some of our premier destinations include: Auto Club Speedway Big Bear Lake Calico Ghost Town Regional Park Citizens Business Bank Arena Colorado River Death Valley National Monument East Mojave Scenic Area Glen Helen Regional Park Joshua Tree National Park Lake Arrowhead Lake Arrowhead Resort and Spa Lake Gregory Lake Havasu Ontario Convention Center Providence Mountains State Recreation Area San Bernardino National Forest San Manuel Indian Bingo and Casino Silverwood Lake Yucaipa Regional Park SHOPPING Victoria Gardens Ontario Mills Tri Center Shopping Center Barstow Outlets Montclair Plaza Victorville Mall SKI RESORTS Big Bear Mountain Rim Nordic Ski Area Big Air Green Valley Snow Summit Mountain High Snow Valley MUSEUMS Colton History Museum Rialto Historical Society Museum Hi-Desert Nature Museum Lincoln Memorial Shrine Mojave River Museum San Bernardino County Museum OTHER DESTINATION LOCATIONS: Anaheim - 33 miles Los Angeles - 40 miles Hollywood - 46 miles Newport Beach - 50 miles Las Vegas miles Laughlin miles Palm Springs - 69 miles San Diego miles (From LA/Ontario International Airport) HOSPITALS Arrowhead Regional Medical Center Kaiser Permanente (Ontario, Fontana) Loma Linda Community Hospital Loma Linda University Children s Hospital Loma Linda University Medical Center Redlands Community Hospital St. Bernardine Medical Center Veteran s Affairs Medical Center San Antonio Community Hospital EDUCATION There are more than 20 colleges and universities within the Inland Empire that provide quality educational opportunities to our residents, ranging from doctorial and research degrees to night study programs. With the abundance of technical schools located within the area, there is a class for just about everyone. Listed below are just a few of the more notable learning facilities. California State University, San Bernardino University of Redlands Loma Linda University California State University, Pomona University of California, Riverside University of La Verne La Sierra University California Baptist University Chaffey Community College San Bernardino Valley Community College Victor Valley Community College Barstow Community College Crafton Hills Community College Riverside Community College Copper Mountain College 9 10

8 San Bernardino County Board of Supervisors Robert A. Lovingood Janice Rutherford, Chair James Ramos Gary Ovitt, Vice Chair Josie Gonzales First District Supervisor Second District Supervisor Third District Supervisor Fourth District Supervisor Fifth District Supervisor 385 N. Arrowhead Ave., Third Floor, San Bernardino, CA