Friday, July 30, 2010

Inland Empire Trying to Attract Foreigners

From Bloomberg

“Riverside County is the most aggressive in seeking overseas investors” among many California regions that are looking to create jobs, said Paul McIntosh, executive director of the group that represents the state’s 58 counties. A skilled labor force, abundant land, and proximity to ports in Los Angeles and Long Beach make it easier to forge trade deals, he said.


Now if they could only find a way to escape California's oppressive legislation. You don't notice it until you see what other STATES are doing:

In Texas, China’s Tianjin Pipe Group Corp. is spending $1 billion to build a production mill in the Corpus Christi area. Tianjin, which chose the site because it’s close to companies like Shell Oil Co. and Chevron Corp., will get property-tax abatements over 10 years from San Patricio County based on the number of jobs created and the land’s future value, said Leah Olivarri, a spokeswoman for its U.S. unit.

Canadian snack maker Saratoga Potato Chips LLC is investing $4.9 million on a U.S. headquarters in Fort Wayne, Indiana, that will employ as many as 175 people. In return, Indiana is offering as much as $1 million in performance-based tax credits.


Thanks for playing Riverside.

No comments: