RiversideCa.gov RiversideCa.g ov City Council Item #7 May 20, 2014 Economic Development Update: Resources for Business City Manager’s Office
Office of Economic Development Update: Resources for Business - May 20, 2014
Jun 20, 2015
The City of Riverside Office of Economic Development provides monthly updates to the City Council. The May 20th update focuses on resources for business.
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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.
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