Business Facilities - September 2008 - (Page 50)

CALIFORNIA BOUNDLESS BUSINESS ON THE WEST COAST pated in the bipartisan act of signing a letter to the Secretary of the Air Force recommending the permanent location of the new Cyber Command wing be located at Beale Air Force Base. A proclamation to promote Beale Air Force Base for Cyber Command authored by California Senator Sam Aanestad was unanimously passed by State Senate and Assembly members in June. “I am hopeful that passage of this measure will convince planners that Beale Air Force Base is the best choice for this new command and the best choice for our nation’s security,” Aanestad says. Gov. Arnold Schwarzenegger’s office received a “data call request” from the Air Force in May to respond to a variety of infrastructure, transportation, available office space, and related issues for locating Cyber Command’s headquarters. “This is a tremendous opportunity for Beale Air Force and for Yuba County,” says Yuba County Supervisor John Nicoletti. It is anticipated that a team from the Air Force will visit Beale Air Force Base during summer 2008 to evaluate the base for consideration in setting up the new wing. Recently, Yuba County staff successfully replaced the Yuba-Sutter Enterprise Zone program that ended in 2006. At over 100 square miles, the new six-jurisdiction Enterprise Zone is larger than its predecessor and includes two additional towns. “We’ve benefited tremendously from having an Enterprise Zone in place since 1986,” comments Yuba County Supervisor Don Schrader. “Based on its recent success in attracting new business, I’m glad the application for a new zone was approved.” Businesses within the new YubaSutter Enterprise Zone are eligible for substantial benefits, such as $37,440 in tax credits per eligible employee; tax credits for up to $20 million for qualified equipment purchases; ability to expense qualified depreciable property; net interest deduction to Zone business lenders; unused tax credits applied to future tax years; preference points when bidding on state contracts; and net operating loss carry-forward for up to 15 years. More than 11,000 enterprise zone employee vouchers were issued to businesses within the Yuba-Sutter Enterprise Zone over the last 20 years, according to Zone Director Mary Hansen. Industrial-based businesses that have relocated or expanded recently within Yuba County’s portion of the Yuba-Sutter Enterprise Zone include Placer Waterworks, Inc., Hastie’s Sand & Gravel and a Caltrans soils-testing laboratory. New commercial businesses include a full-service, national drugstore retail chain in Olivehurst, and proposed shopping centers will be constructed at the new Plumas Lake interchange and on Erle Road across from Edgewater. Settler’s Village retail center in Wheatland is filling 45,000 square feet of new commercial space. MORENO VALLEY: GROWING FAST IN THE INLAND EMPIRE Ideally situated at the junction of State Route 60 and I-215, Moreno Valley is one of the Inland Empire’s 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 #4602 at www.BusinessFacilities.com 50 SEPTEMBER 2008 http://www.cityofhesperia.us http://www.cityofhesperia.us http://www.BusinessFacilities.com

Table of Contents Feed for the Digital Edition of Business Facilities - September 2008

Business Facilities- September 2008 Contents First Word Snapshots Corporate Moves:�Mississippi Editor's Location Picks 2008 The Palmetto State Reaches Across the Sea Corporate Moves:�Tennessee Metro Spotlight:�Spokane, WA Biotech: Building Block for Development Wind Power Lifts Iowa Germany:�Europe's Economic Juggernaut California Here We Come Up, Up and Away in North Carolina Corporate Moves:�West Virginia Metro Spotlight:�Decatur/Greensburg, IN Advertiser Index Ask the Expert

Business Facilities - September 2008

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