Inland SoCal Link iHubWhat is the InLand SoCal Link iHUB ?

In the Spring of 2010, the State of California launched its new, forward – thinking Innovation Hub

(iHub) program in an effort to harness and enhance California’s Innovative spirit. The iHubs leverage

assets such as research parks, technology incubators, universities and federal laboratories to

provide an innovation platform for startup companies, economic development organizations,

business groups and venture capitalists. The iHub will promote economic development and

innovation based opportunities in the Inland SoCal Link Corridor.

The Port of Los Angeles has joined with the County of Riverside and the County of San Bernardino

to cooperatively promote economic development and attract foreign direct investment for job

creation and retention. The purpose of the Inland Socal Link Ihub is to maximize the opportunities

within the transportation and distribution corridor linking the Los Angeles port gateway with the

Inland Southern California region.

The IHub will promote economic development and innovation based opportunities in the Inland

SoCal Link corridor

It will also boost the area’s effort to create additional programs and institutions that will foster new

research and knowledge centers with a focus on advanced logistics.

These goals include:

• Promotingcollaborationandindustrydevelopmentintheadvancedmanufacturingand

logistics sectors.

• ExpandingthevolumeandvalueofexportsthroughthePortofLosAngelesthatare

manufactured or produced from Inland Southern California.

• Encouragingforeigndirectinvestmentasamechanismforregionaljobcreation.

• Formingasustainableplatformtosupportfederal,stateandlocallegislativemattersthatare

mutually aligned between Inland Southern California and the Port of Los Angeles.

REGIONALLOCATIONOFTHEINLANDSOCALLINKiHUB

INNOVATION HUB PROGRAM

LOS ANGELES

www.portoflosangeles.org/business/trade.asp

RIVERSIDE

www.rivcoeda.org/

SAN BERNARDINO

www.sbcountyadvantage.com

6. LA Business Friendly Incentives and Assistance

• DepartmentofWaterandPowerelectricalratediscountfor

newbusinesses

• SitePlanReviewFeeWaiver

• ReducedParkingRequirements

• BusinessSiteSelectionAssistance

• WorkforceTrainingAssistance

• Mayor’sOfficeofInternationalTradeassistsforeign

companiesinterestedinlocatinglocally

Size and Reach

• LACountyhasapopulationof10millionwhichislargerthan

manyStateswitharichdiversitywhichissecondtonone.

• LAhasa$670billionGDP(19thlargestworldwide)whichis

largerthanBelgium,SaudiArabia,NorwayorTaiwan.

• Thereisalargeconsumerbaseintheregionwhichconsumes

morethanhalfofallgoodsimportedthroughtheLACustoms

District.

• LACountyhasthelargestmanufacturingbaseintheU.S.

• LAhasadiversedemographic(46%areforeignborn):96

languagesspoken,49foreignlanguagepublicationsand

hundredsofforeignlanguageradioandTVstations.

• Outsideoftheircountriesoforigin,LAishometotheworld’s

largestcommunitiesofKoreans,Armenians,Persians,Filipinos,

Japanese,MexicansandSalvadorians.

• LAisaworldleaderinaerospace,cleantechnology,

entertainment,fashion,healthcareandtourism.

Where East Meets West and North Meets South

Trade and Transportation Advantages:

• USCustomsDistrictisthelargestinthenationwitharecord

$414billionoftradein2013

• 1.7billionsq.ft.ofwarehousinganddistributionfacilitieswithin

theregion

• Talentedandskilledprofessionalswithmulti–languageand

multi–culturalexperience

Port

• ForeignTradeZone202servesourregion,includingLosAngeles,

Riverside,SanBernardinoandOrangeCounties.

• 100trainsperdaytoandfromtheportcomplexviatheAlameda

Corridor,thebusiestfreightcorridorinthenation

• 80+weeklysailingstoandfromthePacificRim

• Widestvarietyofdestinationports

• 53’deepdraftwaterwaystoaccommodatetheworld’slargest

ships

• Ondockandneardockrailfacilitiesfortrainstoandfrom14

keyU.S.markets

• TradeConnectprogrameducatesbusinessesonhowtoexport

• PortTechLAisamaritimetechnologyandbusinessincubator

Airport

• LAWAhasmorethan1000flightsperdaywithcargocapacity

• Theworld’s6thlargestAirportlinkingLosAngelestoevery

corneroftheworld

• LAXishometoa12,700sq.ft.refrigerationfacility,thelargest

ofanyWestCoastairport

Economic Development Advantages – Los Angeles

ThesizeofLosAngeles’markets,transportationaccesstothe

world,thebreadthofresources,qualityoftheregion’slaborpool

andthegreatclimate–thesearejustsomeofthereasonswhy

businessesofallkindscomehere,stayhereandthrive.

LA’seconomicstrengthsstemfromnumerousfactors,including

theexplosivegrowthofinternationaltradebetweentheUSand

Asia,makingthisAmerica’s#1GatewaytothePacificRimandthe

globaleconomy.

The Case for LA

1. Access to Markets

• Verylargelocalconsumermarket

• QuickaccesstonorthernCaliforniaandthesouthwesternUS

• BestaccesstoUSandinternationalmarkets

2. R & D Expertise

• Worldclassuniversities,thinktanksandresearchlabs

• Internationalcreativeanddesigncenters

3. Access to Workforce

• Largeanddiverselaborpool

• Talented,well-educatedandmulti–lingualprofessionals

• Governmentfundedtrainingprograms

4. Extensive Transportation Network

• LargestPortintheWesternHemisphere

• World’s6thlargestAirport

• Extensiverailsystemandhighwaysystem

5. Diverse Industry Clusters

• Aerospace

• ArchitectureandEngineering

• AutomotiveDesignandWholesaling

• Education

• Entertainment

• EnvironmentalSciencesandManagement

• FashionandAccessories

• FinancialServices

• FoodandBeverageProductsandServices

• FurnitureandHomeFurnishings

• Health,MedicalandDentalServices

• Jewelry

• TourismandHospitality

• Toys

Export-Import Bank (Ex-Im Bank) of the United States

RiversideCountyisanExclusiveAgentandhasapartnershipwiththeEx-ImBankoftheUnitedStates.Together,weprovideexportunderwriting,linesofcredit,insuranceservicesandloanguaranteesforRiversideCountybusinessesthatexporttoover180countriesaroundtheworld.In2013,RiversideCountyandtheEx-ImBankprovided$110millioninloansandotherassistancetodozensofsmallbusinessesinRiversideCountyandits28cities.

EB-5 Program

RiversideCountyisthenation’sleaderinEB-5RegionalCentersandinternationalinvestment.DollarsfrominternationalinvestorsthroughtheEB-5programhaveanattachedrequirementtocreatetenU.S.Jobsforeveryhalfmillioninvestedinregionswithhighunemployment,likepartsofRiversideCounty.FortheinternationalinvestortheEB-5programprovidesWorkVisasfortheinvestorandhis/herimmediatefamily.EachapplicantisfullyvettedbyHomelandSecuritybeforeaVisaisissued.

TheEB-5regionalcentersinRiversideCountyhadlittletroublefindingwillinginvestorstolendmoneyforbuildingprojectslikearesortprojectinPalmDesert,amedicalclinicinMurrieta,a300bedandboardcarefacilityinMorenoValleyandanofficebuildinginTemecula.Internationalinvestorshavepumpedanestimated$1.8billionintoourRegionalCentersinRiversideCountysince2009,andwehavethedistinctionofhostingmoreEB-5RegionalCentersthan49states.

Riverside County EDA/Workforce Development Division Business Resource Programs

EDA/WDDprogramscanassistwithhiringandtrainingnewemployees,aswellascustomizedprogramstomeetyourworkforceneeds.

Access to rail connections, major trucking routes, modern spaces and lower costs for regional distribution and warehouse centers

TheCounty’slocal,regional,andnationalaccessishighlightedbyitsstrategicpositioningasagatewayofkeyinterstatehighways(I-10,I-15,I-215)andanetworkofstatehighways(SR-91,SR-60).

ThebusiestrailcorridorsintheU.S.runthroughtheCounty,featuringrailservicefromUnionPacificandBNSF.TheseraillinesconnecttheportsofLosAngeles/LongBeachwithdestinationseastoftheRockiesprovidingevenmorereasonthattheCountyisagreatlocationforU.S.regionaldistributioncenters.

TheCountyanditsbusinessesalsobenefitfromthreelargeairportswithsparecapacityandavailablespacenearbyLA/OntarioInternationalAirport(ONT);PalmSpringsInternationalAirport(PSP);andMarchAirReserveBase/GlobalPort. ONTandPSParefull-serviceairportswithcommercialpassengerservicetomajorU.S.citiesandinternationaldestinations.ONTisalsoamajorcargoairportandservesastheUPSWestCoastairhub.

Current available industrial, retail and office space (as of Dec 2013):

Sector ExistingSF TotalAvailableSF 1YearDeliveries VacancyRate RentperSF

Industrial 176,750,415 18,947,762 1,158,550 5.9% $0.47

Office 33,111,075 5,118,057 41,623 11.6% $1.66

Retail 98,750,492 10,952,716 261,988 8.7% $1.35

Demographics and Other Data

Geographicareacoversover7,300squaremiles

Askilledandabundantworkforceof939,300

Morethan20universitiesandcolleges

2011GDPof52billionwithaccessto23millionwithina3-hourdrive

2013Populationof2,265,252

Medianageof33.9

Medianhomevalueof$275,000(Nov.2013)

2013Medianhouseholdincomeof$57,777

2018Projectedmedianhouseholdincomeof$68,161

Economic Development Assets – Riverside County

Office of Foreign Trade

RiversideCountyEDAmanagesCalifornia’sonlyfulltimeOfficeof

ForeignTrade(OFT).TheOFThashelpedthousandsofbusiness

clientsfromaroundtheglobewithexclusiveservicesforthe

internationalinvestor,importers,exporters,academics,and

researchers.Since2009,theOFThasassistedinthecreationof

billionsofdollarsininvestmentandthousandsinnewjobcreation.

BilateralTradeAgreementshavebeenexecutedwiththenationsof

Canada,JapanandCroatia.RiversideCountyistheUnitedStates’

firstcountytoapprovebilateraltradeagreementsthatleadtotwo

waytradeandinvestmentresultinginmutualbenefittoallparties.

There are four Foreign Trade Zone (FTZ) designations in

Riverside County and more on the way:

RiversideCountyOfficeofForeignTradewassuccessfulthisyearin

expandingthefollowingForeignTradeZones:

• FTZ#153,toincludethecitiesofMurrietaandTemecula,

• FTZ#202,whereRiversideCountyhostssite20,including

companiessuchasKwikset,Black&Decker,Komarand

Quicksilver,

• FTZ#244,toincludethecitiesofCorona,Eastvale,Jurupa,

MorenoValley,Norco,Perris,Riversideandsurrounding

unincorporatedareas,andtheongoingefforttoexpandthe

• FTZ#236,whichnowcoversthePalmSpringsAirport,tointhe

future,includetheCitiesoftheCoachellaValley,Hemet,San

JacintoandCityofBanning.

Recycling Market Development Zone (RMDZ)

TheRiversideCountyRecyclingMarketDevelopmentZonestrivesto

attractbusinessesusingrecycledmaterialsintheirmanufacturing

process.Thestatehasestablishedalow-interestraterevolving

loanfundwhichmaybeusedforlandacquisition,leasehold

improvements,equipmentpurchases,andworkingcapitalforupto

75percentoftheprojectcosttoamaximumof$2million.

Fast Track Permit Processing

UnderthedirectionoftheBoardofSupervisorsandExecutiveOffice

andwiththesupportandpartnershipoftheCounty’sdevelopment

reviewdepartments,EDAisabletoreducethetime-to-marketfor

customersintheprogram.Thisisanimportantbenefittoreducing

thetime-to-marketandcostsassociatedwithdevelopmentand

permitting.

Industrial Development Bonds

EDAprovidestax-exemptIndustrialDevelopmentBond(IDB)

financingtomanufacturingbusinesses.IDBsaretax-exempt

securitiesissuedbyagovernmententitythatprovidesmoney

fortheacquisition,construction,rehabilitationandequippingof

manufacturingandprocessingfacilitiesforprivatecompanies.

• EmployerIncentivesassisttheemployerstofindoutifthebusinessqualifiesforlocal,state,orfederalincentives,suchasWorkOpportunityTaxCredits.

• EducationalServicesprovideinformationonsuitabletrainingoreducationalprogramstoassistemployer’sworkforceneeds,andinformationonlocaltrainingprovidersandschools.

• AdditionalServicesincludeprovidinginformationonHR-relatedtopics,EqualEmploymentOpportunitytopics,andresourcestoaccesslaborrelationslaws,practicesandissues.

Access to rail connections, major trucking routes, modern spaces and lower costs for regional distribution and warehouse centers

BillionsofdollarsarebeinginvestedintothelocaltransportationcorridorsofSanBernardinoCounty.TheCounty’slocal,regional,andnationalaccessishighlightedbyitsstrategicpositioningasagatewayofkeyinterstatehighways(I-10,I-15,andI-40).ThisinfrastructureassetmakesthisCountyaperfectlocationforawesternU.S.regionaldistributioncenterfornationalbrands.

ThebusiestrailcorridorsintheU.S.runthroughtheCounty,featuringrailservicefromUnionPacificandBNSF.TheseraillinesconnecttheportsofLosAngeles/LongBeachwithdestinationseastoftheRockiesprovidingevenmorereasonthattheCountyisagreatlocationforU.S.regionaldistributioncenters.

Theregionisthenation’sleadinglogistics,warehouse,anddistributionmarketforamultitudeofFortune500firmsthankstoalocationofapproximately40milesfromtheseaportsofLosAngeles/LongBeach,whichareknownasthenation’sbusiestandamongthemostbustlingintheworld.

TheCountyanditsbusinessesalsobenefitfromthreelargeairportswithsparecapacityandavailablespacenearbyLA/OntarioInternationalAirport(ONT);SanBernardinoInternationalAirport(SBIA);andSouthernCaliforniaLogisticsAirport(SCLA).ONTisamedium-hub,full-serviceairportwithcommercialpassengerservicetomajorU.S.cities.ONTisalsoamajorcargoairportandservesastheUPSWestCoastairhub.There are three Foreign Trade Zone (FTZ) designations in San Bernardino County:

• FTZ#50coverstheSanBernardinoInternationalAirportandportionsofSanBernardino,LosAngelesandOrangeCounties.

• FTZ#202coversaportionofSanBernardino,Riverside,LosAngeles,andOrangeCounties.

• FTZ#243coverstheSouthernCaliforniaLogisticsAirportandvarioussitesinthecitiesofOntario,Chino,andRialto.

There are four Recycling Market Development Zones (RMDZ) in San Bernardino County:

• SanBernardinoCountyZone.IncludesthecitiesofColton,Montclair,Ontario,RanchoCucamonga,Rialto,SanBernardino,Yucaipa,andadjacentunincorporatedcommunities.

• ChinoValleyZone.Includestheindustrial-zonedareasofthecitiesofChinoandChinoHills.

• HighDesertZone.IncludesthefivemunicipalitiesofAppleValley,Barstow,TwentyninePalms,Victorville,andYuccaValley.

• HesperiaZone.IncludesthecityofHesperia.

EB-5 Visa Program availability at regionalized local EB-5 centers

AsanincentivetoinvestingwithintheCountyandtheAmericaneconomyingeneral,foreignnationalsmayreceivepermanentresidentstatusthroughqualifiedinvestmentsinnewcommercialenterprises.AforeignnationalmayobtainanEB-5VisathroughtheU.S.CitizenshipandImmigrationServicesafteraqualified

investmentofatleast$1,000,000;or,$500,000,andcreationofaminimumof10jobs,ifinvestedinadesignatedRegionalCenter.

Site Selection Assistance, Custom Site Tours & Community Introductions

AnimportantconciergelevelserviceSanBernardinoCountyEconomicDevelopmentAgencyprovidesiscustomizedsiteselectiontailoredtoabusinessprospect’sneeds.Ifdesired,atourofthecountyandbuildings/propertiesisprovidedinordertofacilitateselectionoftheappropriatesite.Introductionsareprovidedtolandowners,developers,brokers,andcityrepresentativesasneeded.Businesstobusinessmeetingsarearrangedasneededifdesired.

Business Assistance Programs

TheWorkforceDevelopmentDepartmentprogramscanassistwithhiringandtrainingnewemployees,aswellasdevelopcustomizedprogramstomeetyourcurrentworkforceneeds.Servicesincludeworkerrecruitmentandadvertising,taxcreditverificationforhiredapplicants,andspacetoconductinterviews.Servicesinclude:

• Recruitmentservicestopostjobopenings,findqualifiedcandidates,andaccessavarietyofinformationdesignedtohelpabusinesssucceed.

• LaborMarketInformationservicesprovideaccesstoinformationaboutlabormarkettrends,statistics,andeconomicanddemographicdata.

Millions of square feet of new office, industrial and commercial development real estate

DeveloperswithinvestmentsandassetsincludeMajesticRealty;Hillwood;DCTIndustrial;Alere;Panattoni,andmanyothers.Currentavailableindustrial,retailandofficespace(asofDec2013):

Industry ExistingSF TotalSFAvailable 12Month Deliveries

VacancyRate RentperSF

Industrial 329,552,986 26,047,850 5,755,140 4.9% $0.40

Retail 89,168,709 10,425,582 362,722 8.8% $1.26

Office 37,544,582 5,732,290 98,898 12.5% $1.50 Demographics and Other Data:

Geographicareacoversover20,000squaremilesAverages340daysofsunshineayearAskilledandabundantworkforceofover900,00024citiesand60unincorporatedareasMorethan20universitiesandcollegesA$1trillionlocalGDPwithaccessto23millionwithina3-hourdriveCloseproximitytoseaportsofLosAngelesandLongBeach(approx.80milestoCountyseat)HometoanationallyrecognizedentrepreneurshipprogramatCaliforniaStateUniversitySanBernardinoPopulationover2millionMedianageof31.6Medianhomevalueof$224,500Medianhouseholdincomeof$53,4962015projectedmedianhouseholdincomeof$60,971

Notes

CALIFORNIAINNOVATION

WORK@

FormoreinformationoniHubs,visitourwebsite:http://bit.ly/CAiHubsoremailGoBiz.Innovation@gov.ca.gov

Riverside County http://www.rivcoeda.org/

San Bernardino County http://www.sbcountyadvantage.com/

Port of Los Angeles http://www.portoflosangeles.org/business/trade.asp

City of Los Angeles, Mayor’s Office of International Trade http://www.losangelesworks.org/internationalBusiness/