Moreno Valley, CA – On January 23, the City of Moreno Valley hosted The Intersection of Industrial and Retail in the Inland Empire Conference. The event convened a standing room only audience of over 300 top industry leaders to explore current and future trends in the rapidly growing industrial market in the Inland Empire and the unique challenges and opportunities facing the retail and shopping center development community.
“Moreno Valley is the perfect location to explore the intersection of retail and industrial development,” said Mayor Yxstian Gutierrez. “Innovative companies choose Moreno Valley for our land, access to key markets and award winning incentives.”
During his welcome address, the Mayor cited city innovations in government and job creation incentives for the City’s economic growth, such as the Hire MoVal program which encourages Moreno Valley companies to hire local residents. Through Hire MoVal, companies are eligible to receive incentives such as utility rate discounts, business license fee waivers and hiring assistance. The City also created the Hire A Grad program offering up to $5,000 per company to encourage businesses to hire recent grads.
The Mayor also cited the City’s unprecedented job growth of 14,000 jobs created in the past 4 years
The conference featured a panel-style format with moderated topics such as economic development, current retail trends and the future of industrial development. Panelists included executives and members from top development and real estate firms in the industry such as Lewis Management Corp., Prologis, Marcus & Millichap, The Bradco Companies, The Mills (A Simon Company), CBRE, Highland Fairview, Majestic Realty Co., Progressive Real Estate Companies and Stirling Development.
During the conference, event planners asked industry leaders to use the Inland Empire as a lens to provide insights on national trends such as how to balance the growth of e-commerce in the industrial sector with an increased consumer demand for unique shopping and entertainment experiences in the retail space.
The panels also included a robust conversation about how new advances in technology such as automation, driverless trucks and the internet of things impact communities and the local workforce.
The event was held in the grand ballroom at the Moreno Valley Conference and Recreation Center, an 8,200 square foot facility located at 14075 Frederick Street. The event was produced by Shopping Center Business, Western Real Estate Business, California Centers and the InterFace Conference Group, a division of France Media, Inc. the largest commercial real estate publisher in the United States.
For more information about the City’s industrial and retail growth or to learn more about developing a commercial or retail location in Moreno Valley, please visit www.morenovalleybusiness.com and contact the Economic Development Department at EDTeam@moval.org or at 951.413.3460.