The City of Moreno Valley is proud to announce the receipt of three Merit Awards for excellence in Economic Development programming from the California Association for Local Economic Development (CALED). Every year, the organization receives applications from cities across the State of California offering innovative programs in the fields of Economic Development.
This year, the City received the Merit Award for the following projects:
Karma (Fisker) Automotive: This Merit Award was given in the Economic Development Partnership category for the City’s efforts to successfully reintroduce auto manufacturing into Southern California. With this effort, the City partnered with the Governor’s Office of Business and Economic Development (GO-Biz), the Moreno Valley Utility, and the Riverside County Workforce Development Center, among others, to design an incentive package to attract Karma to Moreno Valley after a highly competitive, nationwide site selection search. The company ultimately chose Moreno Valley and will roll its first hybrid, luxury sports vehicle off the assembly line in 2016.
Hire MoVal: The Merit Award for Hire MoVal was awarded in the Economic Development Programs category for the City’s commitment to encourage Moreno Valley businesses to hire locally. This program is offered in partnership with the Riverside County Workforce Development Center and the Economic Development Incentive Rate program – an electricity discount offered through the Moreno Valley Utility (MVU). The Hire MoVal program previously won a Turning Red Tape into Red Carpet Award from the Inland Empire Economic Partnership in January of 2016.
Business Spotlight: The Merit Award for the Business Spotlight program was awarded in the Economic Development Promotions category. The Business Spotlight is a business retention program that highlights twenty existing businesses per year with a 30-second professionally produced video commercial. The award winning MVTV-3 production team produces the video and helps distribute it on YouTube and the City’s public access channel. City staff also promotes the featured business online, through social media, and strategically placed ads.
CALED is the State’s leading professional economic development organization dedicated to advancing its members’ ability to achieve excellence in delivering economic development services to their communities and business clients. CALED’s membership consists of public and private organizations and individuals involved in economic development. Awardees will be recognized at the 36th Annual CALED Conference to be held April 26-28.
For more information about the awards or to learn more about establishing a new business in the City, please contact the Economic Development Department at EDTeam@moval.org or at 951.413.3460.