W
hen luxury electric hybrid auto manufacturer
Karma Automotive decided to locate a new
site for its state of the art manufacturing plant,
executives knew there was only one choice: the
City of Moreno Valley, California. Supported by
Moreno Valley's pro-business environment, skilled
workforce, strategic location and affordable
lease rates, the US automaker shipped the first
units of its $130,000 luxury vehicle, Karma Revero,
this year.
Best incentives
Karma and other Fortune 500 Companies such as
Macy's and Olive Garden are thriving in Moreno
Valley. With a population of 209,000 that's growing
by 5.68% annually, business is booming. Centrally
located at the junction of two major transportation
corridors, Interstate 215 and State Route 60, the
City provides swift access to Los Angeles, Orange
and San Diego counties. In fact, there are 53.7
million trips per year along SR-60!
Moreno Valley consistently proves to be the best
market in the region, offering millions of square
feet in new construction and vacant land. With
two regional shopping destinations and over
40 shopping plazas, major tenants like Costco,
SuperTarget, Home Depot, Lowe's Burlington Coat
Factory, TJ Maxx/Home Goods, Ulta, and Bevmo
are taking advantage of Moreno Valley's ideal
business environment. A majority of restaurant
chains find that their Moreno Valley location
significantly outperforms national chain averages
by as much as 25.6%.
With its city-owned electric utility company, More-
no Valley offers attractive electric rate discounts
that range from 7% to 26.5%, with an additional 4%
for local hire. Moreno Valley businesses can take
advantage of the city-operated Employment Re-
source Center to tap into workforce recruitments
and training subsidy programs. With an educated
workforce of 84,000 and an average household
income of $69,610, Moreno Valley is the perfect
location for your business.
Best choice
Moreno Valley's ideal location, business friendly
atmosphere and motivated workforce are
why so many Fortune 500 and leading
manufacturers have made it their home. For
more information or to expand in Moreno Valley,
visit www.MorenoValleyBusiness.com or email
EDTeam@morenovalleybusiness.com.
Hottest Market in Southern California