water supply project presentation...mar 02, 2012 · title: water supply project presentation...
TRANSCRIPT
Seizing our Destiny/Economic
Development Action Plan
Riverside Public Utilities Participation
Seizing our Destiny –
Where we are Going
Intelligent Growth – Economics, People,
Sustainability and Transportation
Catalyst for Innovation – Discovery,
Technology, Education and Connection
Location of Choice – Public Health,
Recreation, Culture and Neighborhood
Unified City – Giving, Diversity, Engagement and Pride
City Manager’s
Economic Development Action Plan
The goal of economic development is to help
businesses create jobs for our community
Office of Economic Development
City Manager’s Economic Development Council
Focused Strategy
RPU key member, especially to:
Expand incentive programs for business recruitment
and retention/expansion
Use rates to help fill vacant commercial space
Visit Southern California brokers
Host tours to brokers, tenant reps and site selectors
Expand business customer visits
Work to encourage student career opportunities
Expand tourism, especially Festival of Lights
Current RPU Benefits/Incentives
Low cost water supply
Low electric rates
Rate freeze through 2012
Business Development Section
Programs
Economic Development Rate
Business Retention Rate
Rebates and efficiency programs
Current Electric Economic Development Rate
First adopted in 2000
Re-introduced October 2010
For large customers
40% off rate in year one
20% in year two
Concept: new business immediately pays all variable
costs – Generation and transmission - and transitions
to full rate to recover all distribution costs
Distribution costs recovered the faster we can spread
those fixed costs to more kWh
Electric Economic Development Rate
Subsequently:
Added targeted “high tech”
and “green” industries of any
size
Business Expansion rate for
new load of Riverside
businesses
Added a Business Retention
Rate in 2010 for Riverside
business customers
experiencing hardship
Seizing our Destiny/Economic Development
Action Plan
Riverside Public Utilities Participation
- Moving forward
Proposals
Extend the Electric Rate Freeze through
December 31, 2013
Provide low-cost water supply certainty
through the proposed Recycled Water
projects
Proposals
Extend the Economic
Development Rate to a four year
phase in:
40% reduction in year one
30% reduction in year two
20% reduction in year three
10% reduction in year four
Five year sunset to end December
31, 2016 then reverts to current
rate structure
Proposals
Expand ED Rate to all Seizing our
Destiny targeted industries:
Professional Services (engineers, etc.)
High Tech (includes “green”)
Advanced Manufacturing
Legal, finance, Insurance &
Management
Health Care & Medical Services
Use Federally defined NAICS codes
Review long-term rate structure for
even greater competitiveness
Proposals
Expand promotion of all programs aimed at
small and medium businesses
New Energy Efficiency programs
New Cool (White) Roof Incentives
New Historic Building Energy Efficiency Grants
Direct Installation programs
Focus on providing Fiber to educational
institutions at marginal cost – rate exists
Provide marketing assistance and placement
to expand awareness of Riverside
Attend Trade Shows along with staff from the City
Manager’s Economic Development Team
Community Involvement
Continue sponsorship efforts
Provide significant sponsorship
and staff participation in the
Festival of Lights
Riverside’s signature event
Focus on LED and low energy use
holiday lighting
Encourages “free” economic
development marketing
Creates jobs
Community Involvement
Developing a program to encourage high
school students to pursue utility related
college majors
Summer Camp in Science, Engineering and
Technology
Aimed at the high achievers
Developing in conjunction with Cal State San
Bernardino and UCR
Evolves into internships for local students in key
target majors
Jobs, Jobs, Jobs
Incorporate the E4 Plan into the
City Manager’s Economic
Development Action Plan