Business Facilities - December 2007 - (Page 28)

resulting in an additional 1,000 people available to work. The county’s economic designation, affordable wage rates, and a pro-business county council make the cost of operation attractive there. The county can reduce the assessment ratio by over 40% for a period of 20 years with a Fee-In-Lieu of Tax for companies investing at least $2.5 million. The county also has the ability to offer a Special Source Revenue Credit that further reduces taxes (typically for 10 years). Why locate in Laurens County? It offers an excellent location with easy accessibility, a well-trained, available workforce, low operating costs, and a great rural community in which to raise a family. For more information, go to www.laurenscounty.org. Riverside County: The Intelligent Choice for Logistics When British retailing giant Tesco PLC decided to enter the American market, it came as no surprise to savvy site selectors that it chose Riverside County, CA as the hub for its distribution network and the site for several of its Fresh & Easy Neighborhood Markets. A year ago, Tesco Stores West, Inc., a wholly owned subsidiary of Tesco PLC, began building a 820,400-square-foot distribution facility on 88.4 acres at Meridian Business Park in Riverside County. “Meridian met all of our requirements as a first-class business park with long-term value, which is important to us as an owner of our facility,” says Tony Eggs, chief real estate officer in the U.S. for Tesco. “It is also in an excellent location for us to commence our business platform in Southern California and the U.S.” With low vacancy rates for industrial property in coastal communities and international trade activity in Southern California expected to grow nearly 14% this year, Riverside County is expected to remain at the center of robust commercial real estate activity for the next couple of years. “With a global identity inexorably linked to the distribution of goods, the Inland Southern California industrial market still enjoys a rampant building cycle, whether it’s Fortune 500 companies establishing customtailored warehouses in the area, or developers—vying for market share— building massive business parks on a speculative basis,” according to a second quarter 2007 report by Grubb & Ellis. “As a result, Inland Southern California topped all national markets by a long shot with 24.2 million square feet in the pipeline; about SOUTHERN CALIFORNIA Riverside County Right Now we want a COUNTY responsive to my business needs. I need a county willing to open doors for expansion. Riverside County meets these needs right now. visit www.rivcoeda.org/rightnow #4609 at www.BusinessFacilities.com or call 951.955.8916 L-4 A S P E C I A L A D V E RT I S I N G S E C T I O N O F B U S I N E S S FA C I L I T I E S A N D L O G I S T I C S M A N A G E M E N T http://www.laurenscounty.org http://www.rivcoeda.org/rightnow http://www.rivcoeda.org/rightnow http://www.BusinessFacilities.com

Table of Contents Feed for the Digital Edition of Business Facilities - December 2007

Business Facilities - December 2007 Contents First Word Snapshots Metro Spotlight: Albuquerque, New Mexico Corporate Moves: North Carolina 2007 Ecomonic Development Deal of the Year Awards State of the Year Seeking Supply Chain Solutions Mississippi Means Business Corporate Moves: South Carolina Biomedical Momentum in Florida's High Tech Corridor Trends in Offshoring Metro Spotlight: Stillwater, OK Metro Spotlight: Atlanta, GA Advertiser Information 2007 Salary Survey

Business Facilities - December 2007

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