office of economic development update: resources for business - may 20, 2014
DESCRIPTION
The City of Riverside Office of Economic Development provides monthly updates to the City Council. The May 20th update focuses on resources for business.TRANSCRIPT
RiversideCa.govRiversideCa.gov
City CouncilItem #7May 20, 2014
Economic Development Update: Resources for Business
City Manager’s Office
RiversideCa.gov
WEBSITE BUILT FOR BUSINESS
RiversideCa.gov
ExploreRiverside.com
RiversideCa.gov
ExploreRiverside.com
RiversideCa.gov
ExploreRiverside.com
RiversideCa.gov
CAL GOLD PERMIT ASSISTANCE
RiversideCa.gov
SITE LOCATION ASSISTANCE
RiversideCa.gov
SIZE-UP BUSINESS ANALYST
RiversideCa.gov
BUSINESS WALKS
Total Businesses: 148Total Employees: 979
RiversideCa.gov
EVENTS
Commercial Real Estate Broker Luncheon
Riverside Retail Summit
RiversideCa.gov
RANKED #1 FOR SMALL BUSINESS
Inc.comTop 5 Cities by Annual Revenue
#1 Riverside, CA$1.2 million#2 Portland, OR$1 million#3 Jacksonville, FL$800,000#4 Los Angeles, CA$752,000#5 Detroit, MI$730,000
RiversideCa.gov
CITY LABOR MARKET – EMPLOYMENT
Series1125,000
130,000
135,000
140,000
145,000
150,000
155,000
149,600
136,600
152,100December-07September-09April-14
RiversideCa.gov
RIVERSIDE RESTAURANT WEEK
www.DineRiverside.com
RiversidePublicUtilities.com
Arts & Innovation
RiversidePublicUtilities.com
RPU Economic Development Update
City Council May 20, 2014
RiversidePublicUtilities.com
Economic and Business Development Efforts
• Historically RPU offered:
• Energy & Water Efficiency Rebates
• New Construction Incentives
• Energy Technology Grants
• High voltage Service Contracts
• Ramped up in 2010 to assist city efforts
• Froze electric rates through January, 2014
Program / Incentive 2008 2009 2010 2011 2012 2013 2014Energy Efficiency Rebates X X X X X X X
New Construction Incentives X X X X X X X
High Voltage Service Contracts X X X X X X X
Online Load Profiler Program X X X X X X X
Customer Energy Technology Grants X X X X X X X
Thermal Energy Storage Incentives X X X X X X X
Solar Rebates X X X X X X
ED / Expansion Electric Rate X X X X X
Business Retention Electric Rate X X X X X
Electric Rate Freeze X X X X X
LEED Construction Incentives X X X X
Small Business Direct Installation Program X X X X
Commercial Weatherization Program X X X X
Web-Based Energy Audit Tools X X X X
Enhanced Key Customer Account Management X X X X
ED Trade Show Participation X X X X
Expanded Broker Outreach w/ Office of ED X X X
Temporary ED (TED) Electric Rate X X X
SoCal Gas Master Inter-Utility Agreement X X
Food Service Direct Installation Program X
Multi-Family Direct Installation Program X
Key Account Energy Efficiency Plan Program X
Upstream HVAC Program X
RiversidePublicUtilities.com
Economic Recovery and Energy Efficiency
• Assisted economic recovery by providing green jobs
• Directly placed over $30,000,000 in local economy since 2010
• 500-800 green jobs created through efforts• Contractors & Subcontractors• Vendors & Suppliers• Appliance/Home Improvement Retailers• Job creation based upon federal estimates
RiversidePublicUtilities.com
Annual Program Participants
FY 02/03 FY 03/04 FY 04/05 FY 05/06 FY 06/07 FY 07/08 FY 08/09 FY 09/10 FY 10/11 FY 11/12 FY 12/130
5,000
10,000
15,000
20,000
25,000
30,000
35,000
Average over 27,000 program participants every year
RiversidePublicUtilities.com
0
10
20
30
40
50
60
70 Economic Value
$ in
Mill
ions
Economic Value to Community
$168 Million Annually 19
RiversidePublicUtilities.com
Small Business Programs
• Small Business Direct Installation Program (SBDI)
• Keep Your Cool Program
• Smart Irrigation Program (SIP)
• Reached over 2,500 small businesses
• Saved RPU small businesses $6 million in utility costs over measure lifetimes
RiversidePublicUtilities.com
Solar• Over 900 systems
• Over 9 megawatts
• Extremely Popular!
• FY 2013-14 $2.5 million reserved in 6 hours
RiversidePublicUtilities.com2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
0
50
100
150
200
250
300
350
2 5 5 4 514
3549
95
178 181
292
54
SystemskW
• SB1 Funding Goal: $25,000,000
• Spent/Reserved to date: $15,409,997
9.1 MW
RiversidePublicUtilities.com2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
0
2
4
6
8
10
12
Systems
kW
Future PV Generation
9.1 MW
23
RiversidePublicUtilities.com2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
0
2
4
6
8
10
12
Systems
kW
+50%
9.1 MW
24
Future PV Generation
RiversidePublicUtilities.com2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
0
2
4
6
8
10
12
Systems
kW
38 MW
9.1 MW
25
Future PV Generation
RiversidePublicUtilities.com2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
0
2
4
6
8
10
12
Systems
kW
9.1 MW
8 MW of Utility produced
30 MW of Non-Utility produced
26
Future PV Generation
RiversidePublicUtilities.com
Whole House Program
• Provided Whole House Rebates to over 700 homes
• Provided over $5 million in rebates to customers
• Leveraged over $4 million in customer expenditures
• Over 42 million kWh will be saved over lifetime
• Creates permanent green housing stock
• Recognized by DOE
RiversidePublicUtilities.com
Electric Rate Freeze
• 2010 Rate freeze provides customers rate certainty and predictability through January, 2014
• Helps customers budget expenses and control costs
• Benefits small businesses not reached through other ED tools
• Rate freeze delivers pro-business message
• Economic Development (ED) Rate
• Business Retention (BR) Rate
• Temporary Economic Development (TED) Rate
RPU Electric Rate Incentive Tools
Economic Development / Business Retention Rate
• 19 customers on contract to-date
• Projected load of 17 MW
• Occupying over 2.6 million sq. ft. of comm/ind. space
• New private investment of over $175 million
• 2,000 jobs created or retained
RiversidePublicUtilities.com
Temporary Economic Development (TED) Rate
• 7 customers on contract to-date
• Projected load of 775 kW
• Occupying over 1 million sq. ft. of comm/ind. space
• New private investment of over $5.3 million
• Approx. 475 Jobs created
RiversidePublicUtilities.com
ED, BR & TED Rate Effort
• 26 customers relocated, expanded or retained• Total Projected load of 17 MW• Occupying over 3.6 million sq. ft. of comm/ind. space• New private investment of over $180 million• Over 2,500 jobs created or retained• Saved participants $6 million in utility costs• Est. $15 million in annual total revenue when
contracts sunset
RiversidePublicUtilities.com
ED Awards
• 2011 CALED Award of Merit – E4 Plan• 2012 IEDC Excellence in ED Gold Award – Business
Incentive Programs Brochure• 2012 IEDC Excellence in ED Silver Award – ED & BR Rate
Program• 2012 CALED Award of Merit – ED & BR Rate Program• 2013 CALED Award of Merit – SBDI Program• 2014 CALED Award of Merit – TED Rate Program
RiversidePublicUtilities.com
Customer Outreach
• 25,000 customer contacts since 2011
• High bill complaints
• Technical assistance
• Energy & water audits
• Key Account meetings
RiversidePublicUtilities.com
Economic Development Accomplishments
• Created or retained over 2,500 jobs since 2010
• Indirectly created or retained over 7,500 jobs since 2010
• Directly placed over $30,000,000 in local economy since 2010
• Over 80,000,000 net annual kWh savings since 2010
Enough power for 10,000 Riverside homes for a year!
RiversideCa.gov
RECOMMENDATIONSThat the City Council receive a report from the City Manager’s Office of Economic Development and Riverside Public Utilities on the City’s various resources available for businesses.