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Inward Investment Guides

Six Predictions Regarding the Industrial RE Market Recovery and How They Have Played Out

John Morris, SIOR, Industrial Services Lead for the Americas, Cushman & Wakefield, Inc. (Q4 2014)
When the industrial real estate recovery began, the trends that likely would drive its transformation and progress became a favorite discussion topic among industry practitioners. Just a few years later, our sector continues on a solid, positive trajectory. Now feels like a good time to look at whether those early prognostications have played out. More

Revolutionary Advances in Life Sciences amid Industry Disruption and Uncertainty

Mark Crawford (Q4 2014)
Major economic, social, and regulatory factors are having big impacts on the life sciences and medical device industries, representing an opportunity for innovative companies to become new leaders and gain market share. More

Special Investment Report: California’s Central Valley

Steve Stackhouse-Kaelble (Q3 2014)
It’s a region of great contrasts. More than four million people call it home, and so do hundreds of thousands of cows. It’s a region big on oil production that also happens to have some of the world’s biggest wind and solar power installations. More than 200 crops grow here, and so do dozens of companies developing new aerospace technologies and countless other innovations. More

In Focus: New Development of Small Industrial Facilities Expected as Inventory Dwindles

James Martell, President, Ridge Development Company, LLC (Q3 2014)
Lack of inventory for smaller scale industrial facilities in certain markets has created more competition among tenants and is expected to prompt activity from regional and national industrial developers, bringing new, state-of-the-art buildings to market. More

Electronics, Photonics, and Digital Media Sectors: Key to Future U.S. Competitiveness

Mark Crawford (Q3 2014)
These interconnected industries will be drivers in stimulating economic growth, creating jobs, and improving global competitiveness. Collaboration among private-sector companies, universities, and government on research and commercialization will be vital. More

Location Notebook: Union Pacific Intermodal Opens in Santa Teresa, New Mexico

Tim Feemster, Managing Principal, Foremost Quality Logistics (Q3 2014)
The $400 million investment for the 2,200-acre site will connect businesses to strategic markets in the southwestern U.S. and beyond. It will provide logistics gains for shippers along its Sunset Line, which runs 760 miles from El Paso, Texas, to Los Angeles and serves key locations in Mexico and Arizona. More

Leading Locations for 2014: Economic Strength and Year-Over-Year Growth MSAs

Dale D. Buss, Staff Editor,  (Q2 2014)
Nine of the top-10 cities in the Area Development 2014 “Economic Strength” ranking benefited greatly from boom times for oil and gas development and refining, or from their area’s historic and growing position at the forefront of a burgeoning area of the global economy. More

The Regional Impact of Quality of Life on Entrepreneurial Decisions

Dan White, Moody's Analytics (Q2 2014)
One of the most often cited reasons for the location of a new business is quality of life, yet it is one of the areas policymakers most often overlook. More

california at a glance

POPULATION: 37,254,000 (U.S. Census)

LABOR FORCE: 18,268,700 (July 2010)

RIGHT TO WORK: No

TRADITIONAL INDUSTRIES: Services, finance/insurance/real estate, manufacturing, retail trade, wholesale trade, construction, agriculture/food processing

EXPANDING INDUSTRIES: Green technology, high-technology, Internet/webbased industries, biotechnology, telecommunications, healthcare technology, multimedia, entertainment, environmental technology, information technology, diversified manufacturing, transportation/ logistics, value-added agriculture

COLLEGE GRADUATES: (Age 25 and over) 29.4%

BASIC BUSINESS TAXES:
Corporate Income Tax: 8.84 percent of net income

Sales and Use Tax: 7.25 to 9.25 percent

Property Tax: Assessed and collected locally by county governments; some cities and special districts collect their own taxes for purposes such as street improvements; average tax rate is 1.1 percent of fair market value

BUSINESS INCENTIVES
R&D tax credits (15 to 24 percent)

Industrial Development Revenue Bonds

California Employment Training Panel

California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA)

Designated incentives:
• Enterprise zones (42 statewide)
• Recycling Market Development Zones
• Foreign-trade zones
• Manufacturing Enhancement Areas
• Local Area Military Base Recovery Areas (LAMBRAs)

Small business:
• Small Business and Disabled Veteran Business Enterprise (DVBE) program
• 5% bid preference on applicable state solicitations for small businesses
• 25% small business participation goal on state contracts

Principal Manufacturing industries

  • Computer & Electronic Products
    21.1%
  • Food
    12.6%
  • Fabricated Metal Products
    9.4%
  • Transportation Equipment
    8.7%
  • Chemical Manufacturing
    5.9%
  • Machinery
    5.4%
  • Apparel
    4.9%
  • Printing & Related Support Activities
    3.6%
  • Furniture & Related Products
    2.7%
  • Nonmetallic Mineral Products
    2.4%
  • Other Manufacturing Industries
    23.3%