thE city of

          C A L I F O R N I A




Economic DEvElopmEnt profilE
        volumE iX EDition i
thE city of

          C A L I F O R N I A




Economic DEvElopmEnt profilE
        volumE iX EDition i
Corona, California is at the hub of growth within the Southern         An abundance of housing from affordable to executiv...
Welcome                     to      corona
    Welcome to Corona, a progressive and business-friendly       Construction i...
“The West Coast bustles with
                      development and deals ... The Inland
              Empire is ideally si...
city of corona
    Department HeaDs
    Brad roBBins
    City Manager
    Bradly Robbins started working for the City of C...
GreG irvine
assistant City Manager
Greg Irvine joined the City of Corona in 1996. During his tenure, he has served as Assi...
When it comes to economic development, Corona is among the very
                                                          ...
plan revieW process
                                                 BUILDING DEPARTMENT
                                 ...
Coming from Orange County, Corona is literally the gateway to the Inland Empire. 

       regional                        ...
retail opportunities




•  Average Household Income within five miles    •  The 2-3 mile band has a Per Capita Income 
  ...
51,419

     eDucation
                                                                                       ENROLLMENT I...
College and University Enrollment, 2008
                                                               Corona Area, 2008
 ...
City of Corona
                               REDEVELOPMENT AGENCY
                                Economic Development
  ...
City of Corona
               Development Activity
    1. Castle & Cooke                                  14. Meridian Dos...
1  
            population

               City
               Fontana 
                                        Statistics...
Housing


“HOAP Now, offering working families the opportunity to buy a home in Corona.”
In order to help moderate-income ...
valuation

     Year     Units

     1998 1,483
                            Value       Units

                         $2...
employment
                                                                                               Bus. Services
  ...
sales tax
                                                                        Statistics                              ...
2009 City of Corona Economic Development Brochure
2009 City of Corona Economic Development Brochure
2009 City of Corona Economic Development Brochure
2009 City of Corona Economic Development Brochure
2009 City of Corona Economic Development Brochure
2009 City of Corona Economic Development Brochure
2009 City of Corona Economic Development Brochure
2009 City of Corona Economic Development Brochure
2009 City of Corona Economic Development Brochure
2009 City of Corona Economic Development Brochure
2009 City of Corona Economic Development Brochure
2009 City of Corona Economic Development Brochure
2009 City of Corona Economic Development Brochure
2009 City of Corona Economic Development Brochure
2009 City of Corona Economic Development Brochure
2009 City of Corona Economic Development Brochure
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2009 City of Corona Economic Development Brochure

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2009 City of Corona Economic Development Brochure

  1. 1. thE city of C A L I F O R N I A Economic DEvElopmEnt profilE volumE iX EDition i
  2. 2. thE city of C A L I F O R N I A Economic DEvElopmEnt profilE volumE iX EDition i
  3. 3. Corona, California is at the hub of growth within the Southern An abundance of housing from affordable to executive has California region. It is a city of the future today. Incorporated in created a diverse and fast-growing population for the city. 1896, the farm community once known for its produce, is now the As the city expands its regional leadership role during the gateway to economic growth for Riverside and San Bernardino 21st century, it is perfecting its vision and mission of Counties. Its location at State Route 91 and Interstate 15 makes providing an innovative environment for business to flourish it the prime recipient of outward migration of companies from and a high quality of life for its citizens. Orange and Los Angeles Counties. The city is headquarters to a wide array of corporations and entrepreneurial operations. 1
  4. 4. Welcome to corona Welcome to Corona, a progressive and business-friendly Construction is underway to upgrade the SR-91 and city that is committed to providing the highest quality of Green River Road interchange and to improve the I-15 life and an environment where businesses can thrive. and Magnolia Avenue interchange. Plans are being developed for Mid-County Parkway, a proposed 32-mile Just look at the numbers! Last year business expansions limited access road that will run east to west through increased 20 percent while at the same time the City western Riverside County. continues to add new retail, office, and industrial space to meet growing demand from businesses interested in Along with a low crime rate, Corona has 39 parks relocating to the area. covering 364 acres, equivalent to one acre of parkland for each 445 residents and was designated "Tree City Corona’s convenient location and high household income USA" by the National Arbor Day Foundation. A family make it an ideal spot for retailers looking to expand or oriented community, Corona has extensive youth and enter new markets. The average household income in adult sports programs. the city is $84,641 and 32.8 percent of households earn $100,000 or more. Over the years, the city has been So, if you need help starting a new business or fertile ground for new and existing businesses. In fact, expanding an existing one, the City has numerous Corona ranks among the top 30 sales tax producers assistance programs including Team Corona, the in California with annual taxable sales of more than Business Assistance Program, and the Corona Women’s $3.50 billion. Because it is about 45 miles southeast of Business Partnership. Together we can help you become Los Angeles and adjacent to Orange County, Corona is successful in Corona. central to existing and emerging markets in Southern California. The City is located near three major highways and two toll roads, providing easy access for goods movement to three commercial airports, two Sincerely, deep-water ports and two railways. To improve traffic, the city continues to come up with innovative solutions. Recently, Corona received funding from the Riverside County Transportation Commission Brad Robbins to upgrade the SR-91 and SR-71 interchange. Two City Manager overhead transfer connectors will be added to the interchange, allowing traffic to smoothly move on and off both freeways. 2
  5. 5. “The West Coast bustles with development and deals ... The Inland Empire is ideally situated at the center of the globalization trend and the related supply chain reconfiguration trend." – Western Real Estate Business, October 2007 3
  6. 6. city of corona Department HeaDs Brad roBBins City Manager Bradly Robbins started working for the City of Corona in 1988 and became Planning Director in February 2000. He was appointed Assistant City Manager in November 2002. In April 2003, he was appointed to a dual role of Assistant City Manager and Department of Water and Power General Manager. In September 2006, he became the Assistant City Manager - Community Development Director. In August 2008, Robbins was appointed City Manager. In addition to the Community Development Department, he oversees the Department of Water and Power, Public Works, Building Department, and Redevelopment Agency. Mr. Robbins has a bachelor of science in Geography from the University of California, Riverside, and a masters in Liberal Studies/Urban Planning from the University of Oklahoma. He is a Certified Planner by the American Institute of Certified Planners (AICP). People to Contact: City Manager BRAD ROBBINS . . . . . . . . . .(951) 279-3710 Executive Assistant tomer Servic JAN BATES . . . . . . . . . . . . . . . . . .736-2372 C us e a Ho on tline Cor H ow g ? are w e d oin 951-736-2300 4
  7. 7. GreG irvine assistant City Manager Greg Irvine joined the City of Corona in 1996. During his tenure, he has served as Assistant City Treasurer, Interim City Treasurer, Assistant General Manager for the Department of Water and Power, and as Assistant to the City Manager. In August 2004, he was appointed to Assistant City Manager and oversees public policy, and public service initiatives including legislative advocacy and city communications and marketing efforts. As Assistant City Manager, he also has executive responsibility for the Finance Department, Parks and Community Services Department, Information Technology Department, the City Clerk’s Office, Property and Contract Management and the Corona Public Library. He received a master's degree from Pepperdine University in Business Administration and a bachelor's degree from Montclair State University in Finance with a minor in Economics. People to Contact: Assistant City Manager GREG IRvINE . . . . . . . . . . .(951) 279-3519 Senior Management Analyst RAy NAvERA . . . . . . . . . . . . . . . .736-2374 City Clerk vICTORIA WASkO . . . . . . . . . . . . 736-2426 5
  8. 8. When it comes to economic development, Corona is among the very team corona best in the nation. Innovative ideas and strategies instituted in the •  Integral in the growth of Total Sales Tax Receipts to more than  city are recognized for excellence industry-wide. $3.5 billion Team Corona, the city’s award-winning business attraction and Corona Business Assistance: retention program, was established in 1991 to better address the needs and requirements of business. The internationally recognized •  One-on-one counseling services to businesses in the community program played a key role in the record-setting job growth that •  Family Business Partnership provides specialized advisory services,  has occurred in Corona since its inception. During that period, educational programs, networking groups, and extensive family employment in the city more than doubled to 85,300 jobs – a net business assessments to help family businesses grow and prosper increase of more than 55,000 jobs. •  Student Interns and Consulting Teams assist companies with  While many of those jobs were the result of new companies arriving various business issues such as market research and business plan in the city, the spectacular growth also can be attributed to Corona’s development, providing invaluable support to business proactive approach of taking care of its resident employers. In fact, •  Corona Women’s Business Partnership provides specialized  over the past decade Corona was the top city in the inland region of services targeted to women-owned businesses. Confidential one- Southern California for retaining business. Nurturing, supporting on-one counseling, focused training seminars, networking and and listening to the business community are an integral part of mentoring services are designed to give women business owners Team Corona. the tools to grow and expand their business Fast-track approvals, access to key city officials and a team Business Retention: approach to problem solving set Corona apart from other cities. Informational kiosks strategically located in City Hall and the •  As part of the business retention program, city staff conducts  library make it easy to find out information about key city two types of Business Visitations with Corona companies, “sector departments. Whether it’s a city calendar, standards and fees or a visits” and “in-depth visits” direct link to the City’s website, the kiosks are a user friendly and •  Sector visits are several visits within a pre-determined area in a  convenient resource. condensed time-period Team Corona: •  In-depth visits are appointment-based visits with key business  •  Fast-track approval process for development and tenant  personnel, where a minimum of a half-hour is spent learning improvements about the company and touring the facility •  Brings together city officials, primarily department directors and  •  The Mayor’s Business Breakfasts are informal roundtable  decision makers, along with other organizations that serve the discussions with the Mayor and Corona companies that allow business community company representatives to share experiences as well as challenges while conducting business in the City of Corona •  Includes representatives from Southern California Edison, The  Gas Company, Riverside County Economic Development Agency,  Ultimately, Team Corona is an invaluable benefit to the local Air Quality Management District, the City Council, County economy and a tool for business with its stellar record of business Board of Supervisors and the office of the local Congressman retention and attraction. JUDI STAATS DANIEL RITTATORE MICHELL SkIPWORTH Senior Economic Development Economic Development Economic Development visit Team Corona’s Coordinator Coordinator Coordinator web site at: (951) 739-4946 (951) 736-2297 (951) 279-3690 www.TeamCorona.com (951) 312-1569 cell (951) 642-4405 cell (951) 818-6732 cell 6 email: Judi.Staats@ci.corona.ca.us email: Daniel.Rittatore@ci.corona.ca.us email: Michell.Skipworth@ci.corona.ca.us
  9. 9. plan revieW process BUILDING DEPARTMENT (951) 736-2247 COMMUNITY DEVELOPMENT DEPARTMENT (951) 736-2262 START CORRECTIONS APPLICANT NOTIFIED REQUIRED TO PICK UP PLANS DEVELOPMENT PLANS PLAN CHECK DEPARTMENT OF PLAN REVIEW PREPARED SUBMITTAL WATER AND POWER TO BUILDING MEETING OR REVISED (951) 736-2263 DIVISION ALL DEPARTMENTS APPLICANT NOTIFIED FINAL APPROVAL TO PULL PERMITS FIRE DEPARTMENT (951) 736-2464 PERMITS ISSUED PUBLIC WORKS DEPT. (951) 736-2442 7
  10. 10. Coming from Orange County, Corona is literally the gateway to the Inland Empire.  regional map Corona is one of the hottest growth and development areas in Southern California, benefiting from the 91 and 15 freeways, as well as being in the Los Angeles/Orange County business corridor. Less than an hour from the Los Angeles shipping ports and thirty minutes from two international airports, Corona is well suited for business success. Corona has two Metrolink stations; North Main Street Station and West Corona Station. 118 210 Barstow Burbank Los Angeles Co. 15 101 Pasadena Lake Arrowhead 5 2 210 San Big Bear Lake ventura 101 PASADENA 215 Bernardino Co. 10 10 San Bernardino Co. Hollywood 15 Los 605 Ontario Intl. HOLLYWOOD 110 Angeles Airport 405 60 Pomona 10 57 Santa 71 Riverside 15 60 Monica To Palm Springs 91 91 91 LAX 605 Anaheim 405 241 Lake Perris 5 55 Corona 215 710 Eastern Toll ona Road 22 Cor 241 Lake Elsinore 261 Santa m Long Beach BEACH LONG 405 ro Ana sf 241 iu d Newport Orange ra te Beach nu RIvERSIDE CO. Port of Irvine 133 mi Toll Road Co. Los Angeles John Wayne Foothill 30 Airport Temecula San Joaquin 15 Toll Road N Laguna Pacific Ocean Beach San Diego Co. To San Diego 8
  11. 11. retail opportunities •  Average Household Income within five miles  •  The 2-3 mile band has a Per Capita Income  is $84,641 compared to the county average of $26,982 of $67,800 •  The 10-minute drive time area has a  •  Per Capita Income within five miles is  population of more than 270,000 with an $24,448 compared to the county average of Average Household Income of $78,000 $22,134 •  Total Sales Tax Receipts surpassing $3.5  •  32.8% of households earn more than  billion $100,000 9
  12. 12. 51,419 eDucation ENROLLMENT IN 12 LARGEST DISTRICTS Riverside County, 2007-08 43,587 37,125 29,441 28,776 The Corona-Norco Unified School 24,406 23,576 District is the fastest growing district 22,112 21,208 20,659 19,987 19,547 in Southern California and the largest in the Inland Empire.  Over the past five years, it has added 12,000 students and more than 550 teachers. By 2010, the district Corona Riverside Moreno Temecula Desert Palm Hemet L. Elsinore Murrieta Jurupa Alvord Val Verde Norco Valley Sands Springs projects it will need another 300 teachers to serve more than 6,000 Source: CA Department of Education new students. 2007 Base API to To accommodate the growth, five new schools are at 2008 Growth API Comparions: State, Riverside County and CNUSD 773 various stages of planning, design, acquisition, and construction. The list includes one high school, one 758 intermediate school and three new elementary schools. 742 50000 736 The new additions will cost approximately $400 million 727 and will provide classrooms for an estimated 8,000 new students. 40000 704 Despite challenges managing the growth, the district’s 30000 students performed well on the 2006-2007 Academic Performance Index (API). Its purpose is to measure the 20000 academic performance and growth of schools. It is a numeric index (or scale) that ranges from a low of 200 to a high of 1000. A school’s10000 the API is an score on indicator of a school’s performance level. The statewide STATE COUNTY CNUSD 0 API performance target for all schools is 800 with 2007 Base API 727 736 758 Corona attaining 773 in 2008. 2008 Growth API 742 704 773 Source: CA Department of Education On the Academic Performance Index, Corona’s schools have improved in every year; 1999-2008. 10
  13. 13. College and University Enrollment, 2008 Corona Area, 2008 HigHer eDucation Engineering & Science Colleges Medical & Dental & Law College and University 22,738 6,261 Enrollment. . . 13% 4% ■ Corona is near 28 public and private colleges with more than Community Colleges 200,000 students. There are 20,344 Liberal Arts Colleges 22,465 88,000 students (12.5%) at three top  13% 51% schools of engineering and science: Cal State Polytechnic University, Pomona, Harvey Mudd College, and the Keck Graduate Institute of Applied Life Sciences. 17,187 UC Riverside (9%) undergraduates and graduate  17,187 9% students attended the University of California, Riverside, one of the premiere biomedical, agricultural, and environmental research institutions. Cal State University Cal State San Bernardino, with its San Bernardino fine graduate school of management 16,479 has 16,479 (9%).  9% Enrollment by Campus Corona Area, 2008 Campus Website Address City year Specialty Degrees Students California Baptist College www.calbaptist.edu 8432 Magnolia Riverside 1950 Liberal Arts Masters 3,775 Cal State Polytechnic University, Pomona  www.csupomona.edu  3801 W. Temple  Pomona  1838  Engineering  Masters  19,527 Cal State University, San Bernardino www.csusb.edu 5500 University Pkwy San Bdno 1960 Comprehensive Masters 16,479 Chaffey Community College www.chaffey.edu 5585 Haven Ave. R. Cucamonga 1883 Community College Associate 19,534 Claremont Graduate School  www.cgu.edu  170 E. Tenth  Claremont  1925  Science, Liberal Arts  Ph.D.  2,394 Claremont McKenna College  www.claremontmckenna.edu  500 E. Ninth St.  Claremont  1946  Liberal Arts  Bachelors  1,335 Crafton Hills College www.craftonhills.edu 11711 San Canyon Yucaipa 1972 Community College A.A 5,124 Harvey Mudd College  www.hmc.edu  301 E. 12th Street  Claremont  1955  Science  Bachelors  735 Keck Grad. Inst. Of Applied Life Sciences www.kgi.edu 535 Watson Drive Claremont 2000 Life Science Ph.D. 82 La Sierra University www.lasierra.edu 4700 Pierce Riverside 1922 Liberal Arts Ph.D. 1,749 Loma Linda University www.llu.edu 11234 Anderson St. Loma Linda 1905 Medical, Dental Ph.D., M.D, DDS 3,972 Mt. San Jacinto Community College www.msjc.edu 1499 N. State St. San Jacinto 1965 Community College Associate 20,842 Pitzer College www.pitzer.edu 1050 N. Mills Ave. Claremont 1963 Liberal Arts Bachelors 999 Pomona College www.pomona.edu 333 N. College Way Claremont 1887 Liberal Arts Bachelors 1,511 Riverside Community College www.rcc.edu 4800 Magnolia Riverside 1916 Community College Associate 30,000 San Bernardino Community College www.sbccd.cc.ca.us 701 S. Mt. Vernon Ave. San Bdno 1926 Community College Associate 12,500 Scripps College www.scrippscollege.edu 1030 Columbia Ave. Claremont 1926 Liberal Arts Bachelors 908 University of California Riverside www.ucr.edu 900 University Ave. Riverside 1954 Comprehensive Ph.D. 17,187 University of La Verne www.ulv.edu 1950 Third St. La Verne 1891 Liberal Arts Ph.D. 8,000 University of Redlands  www.redlands.edu  1200 E. Colton  Redlands  1907  Liberal Arts  Ph.D.  4,188 Western University of Health Sciences  www.westernu.edu  309 E. Second Street  Pomona  1977  Medical  D.O., M.S.  2,289 Total Enrollment 173,130 11
  14. 14. City of Corona REDEVELOPMENT AGENCY Economic Development JUDI STAATS, Sr. Project Coordinator.........................739-4946 DANIEL L. RITTATORE, Project Coordinator ........ 736-2297 MICHELL SKIPWORTH, Project Coordinator....... 279-3690 “Cultivating Development Opportunities and Sustainable Growth” Website: www.TeamCorona.com 400 S. Vicentia Avenue 951-736-2260 Corona, California 92882-2187 Fax 951-736-2488
  15. 15. City of Corona Development Activity 1. Castle & Cooke 14. Meridian Dos Lagos Hotel Professional Office 121 Rooms 35,931 sf 2. Marriott Springhill Suites 15. Lakeshore Plaza Hotel Class A Office 120 Rooms 472,000 sf 3. Princeland Plaza 16. Corona Cerritos Plaza Professional Office Retail 107,242 sf 45,400 sf 4. Corona Summit Corporate Center 17. North Main Street Professional Office Mixed-Use 278,130 sf 21.40 acres Hotel 114 Rooms 18. Downtown (Corona Mall) Mixed-Use 5. Citrus Woods Business Park 15.21 acres Professional Office Light Industrial 19. Downtown (NW Area) 156,674 sf Mixed - Use 6.6 acres 6. Corporate Terrace Professional and Medical Office 20. West Corona Commerce Center 116,617 sf Industrial 336,000 sf 7. Mammoth Equities Class A Offices 21. Panattoni Development 58,00 sf Industrial 136,000 sf 8. Corona Pointe Professional Office 22. Valencia Terrace 52,000 sf Senior Housing 203 Units 9. Corona South Main Medical Plaza Medical Office 23. Corona Orchard Center 31,559 sf Retail 47,000 sf 10. Corona Corporate Centre Professional Office 24. Corona South Main Medical 122,003 sf Plaza Phase II Medical Office 11. Cornerstone Plaza 41,000 sf Professional Office 45,000 sf 25. Sunrise Senior Living 160 Units 12. The Crossings (Phase II) Retail / Flex 26. Euro Inn 29 acres Hotel 133 rooms 13. The Promenade Shops at Dos Lagos (Phase II) Retail / Flex 21 acres Developments City Boundary Sphere of Influence Map Scale 1" to 4500’ This map is intended for general information City of Corona and planning purposes. The City of Corona is Geographic Information Services not responsible for any errors or omissions. Date: 11/12/2008 Project:08/1035/OfficeV.aml
  16. 16. 1   population City Fontana  Statistics Fastest Growing Cities, Inland Empire, 2000-2008 2008 188,498   2000 (128,928)  Change 59,570  % Change 32% Ethnic Distribution Corona & Riverside County, 2006 CORONA Black 8,139 Asian & Pacific 13.326 2   Murrieta  100,173  (44,282)  55,891  56% 5.02% 8.2% Native American & 3   Rancho Cucamonga  174,308   (127,743)   46,565  27% Alaska Native 899 4   Victorville  107,408    (64,029)   43,379  40% 0.55% 5   Temecula  101,057    (57,716)   43,341  43% 6   Riverside  296,842   (255,166)   41,676  14% Other 34,878 7   Moreno Valley  183,860   (142,379)   41,481  23% 21.53% 8   Corona  161,998   (124,966)   37,032  23% 9   Indio   81,512    (49,116)   32,396   40% 10  Hesperia   87,820    (62,590)   25,230  29% 11  Lake Elsinore   49,807  (28,930)   20,877  42% 12  San Bernardino  205,493   (185,382)   20,111  10% 13  Beaumont  31,477  (11,384)  20,093  64% White 14  La Quinta  42,958  (23,694)  19,264  45% 104,756 64.66% 15  Coachella  40,517  (22,724)  17,793  44% Black Source: Census, American Community Survey 121,790 Asian & Pacific RIvERSIDE 110,043 COUNTy Native American & 5.8% 5.2% Alaska Native 16,606 0.7% Other income 599,205 28.5% Household Income Distribution, 2006 CORONA Source: Census, American Community White Survey Less than 1,252,046 $10,000 $10,000 to 59.6% 3.1% $14,999 3.5% $15,000 to $100,000 $24,999 Household Income Distribution, 2006 and up 7.0% Corona and Riverside County 32.8% Total Corona Riverside County $25,000 to $34,999 Less than $10,000   1,515   3.1%   32,808   5.2% 5.4%   $10,000 to $14,999   1,658   3.5%   31,519   4.9%   $15,000 to $24,999   3,315   7.0%   71,400   11.1%   $25,000 to $34,999   2,557   5.4%   68,183   10.6% $35,000 to   $35,000 to $49,999   7,151   15.1%   96,486   15.0% $49,999   $50,000 to $74,999   7,909   16.7%   128,005   19.9% 15.1%   $75,000 to $99,999   7,767   16.4%   81,048   12.6%   $100,000 and up   15,534   32.8%  133,151   20.7% Note: Estimates allow for changes in CPI and population.   Source: U. S. Census Bureau, Economics and Politics, Inc. $75,000 to $99,999 $50,000 to 16.6% $74,999 16.5% Source: U.S. Census Bureau, 14 Economics & Politics, Inc.
  17. 17. Housing “HOAP Now, offering working families the opportunity to buy a home in Corona.” In order to help moderate-income families qualify for conditions: (Additional criteria apply.) mortgage loans and become first-time homeowners, the City ■ Meet the minimum and maximum gross income of Corona is offering regional residents and area employees requirements assistance with down payments for affordable homes within the city limits. ■ Have not owned a residential property within the last three years (first-time homebuyer), The Board of the Redevelopment Agency of the City of Corona approved and allocated $1.5 million for a new first- ■ Single family residences, town houses, condominiums, time homebuyer’s assistance program designated the Home and manufactured homes on a permanent foundation are Owner Assistance Program, or HOAP Now. eligible for purchase, This program provides up to 20% of the purchase price,  ■ Select a foreclosed home located within the City limits, not to exceed $75,000, as down payment and closing cost priced between $220,000 and $350,000 (subject to assistance to qualified moderate-income households and helps change based on income limits and interest rates), them navigate through the home buying process by requiring attendance at a First Time Home Buyer educational class. ■ Be credit worthy in order to qualify for a first mortgage HOAP Now offers this assistance via a 30-year second trust loan from a participating lender, deed loan with a zero percent interest rate and no monthly ■ Have a working history during the last 12 months, and payments, commonly referred to as a “Silent Second.” Through this program, qualified buyers will be able to ■ An equity share provision that expires after seven years. increase their purchasing power to buy a home in Corona. HOAP Now will provide Corona home buying opportunities to To qualify, a resident must contribute 3% of the purchase  families desiring to move into the community. price of a selected home and meet the following minimum 15
  18. 18. valuation Year Units 1998 1,483 Value Units $254,758,972 200 Statistics Single-Family Residential Multi-Family Residential Residential Value $9,827,556 Addns $1.564,440 0 1998/2008 Corona Building Permit valuations Duplex Units Value Bldgs $0 28 Area 230,935 Commercial Value $13,907,498 Addns $8,528,895 Bldgs 26 Area Industrial Value Addns Misc 1,031,045 $45,803,389 $10,233,831 $29,636,968 TOTAL $374,261,549 1999 1,657 $371,678,088 0 $0 $2,076,024 0 $0 24 354,666 $23,053,271 $6,965,442 18 796,554 $22,684,977 $9,570,241 $33,301,593 $469,329,636 2000 1,323 $300,887,717 1 $47,600 $1,801,414 0 $0 20 343,981 $26,793,623 $7,542,870 25 1,703,694 $44,685,941 $6,168,327 $34,679,198 $422,606,690 2001 1,090 $270,310,011 2 $213,015 $2,380,963 0 $0 33 774,058 $50,313,788 $11,687,971 34 1,267,075 $40,546,412 $2,619,098 $47,660,167 $425,731,424 2002 699 $177,192,671 0 $0 $4,109,572 0 $0 42 812,330 $52,801,444 $15,986,149 16 573,714 $18,358,850 $4,932,888 $55,277,858 $328,659,432 2003 366 $96,615,803 13 $31,817,448 $4,261,859 0 $0 66 991,074 $64,419,813 $21,989,335 30 891,371 $28,523,862 $5,018,710 $50,439,123 $303,085,953 2004 629 $161,087,731 2 $100,100 $5,266,142 0 $0 77 1,522,228 $98,944,811 $21,408,921 33 1,290,872 $41,307,894 $11,865,689 $58,147,468 $398,128,755 2005 588 $162,785,378 0 $0 $5,505,499 0 $0 37 566,419 $36,817,255 $24,598,269 31 276,031 $8,832,763 $9,206,472 $52,744,118 $300,489,752 2006 244 $63,867,808 207 $42,571,428 $5,616,282 0 $0 51 774,370 $50,334,073 $24,495,048 20 198,712 $6,358,770 $7,038,191 $54,131,272 $254,412,872 2007 76 $24,622,642 40 $5,673,754 $5,276,703 0 $0 15 746,795 $48,541,704 $23,374,026 3 88,446 $2,830,276 $7,397,188 $41,170,391 $158,886,684 2008 7 $1,874,005 70 $31,586,961 $3,012,277 0 $0 18 921,236 $59,880,339 $10,634,671 7 1,112,952 $35,614,473 $10,619,912 $36,884,539 $190,107,177 TOTAL 8,162 $1,885,680,826 535 $121,837,862 $39,306,735 0 $0 411 8,038,092 $525,807,619 $177,211,597 243 9,230,466 $295,547,607 $84,670,547 $494,072,695 $3,625,699,924 Total Office Square Footage Inland Empire Markets, Existing and Planned 5,564,025 Riverside 668,290 4,291,460 San Bernardino 569,309 3,569,763 Rancho Cucamonga 425,807 3,041,428 Ontario 510,755 1,783,431 Corona 343,069 Redlands 1,066,566 157,373 Chino/Chino Hills 637,320 179,890 Moreno Valley 628,848 30,456 SQ FT NRA SQ FT Vacant Inland Empire Office Under Construction Chino/Chino Hills 3% Riverside 33% Ontario 26% San Bernardino 0% Rancho Cucamonga 6% Redlands 8% 16 Corona 24%
  19. 19. employment Bus. Services Help Agcy 2,579 Employment Distribution By Other Services 2,852 3.3% Sector 3,211 3.6% Corona, 2007 Construction 4.1% Health 17,194 3,701 21.8% 4.7% Education 3,704 4.7% Distribute/Transp. 7,908 10.0% ■ In the last 15 years, Manufacturing 15,366 55,784 jobs have 19.4% been created Smaller Sectors 9,204 11.6% Retrail Trade Source: CA Employment Development Dept. 13,311 16.8% Employment Corona, 1994-2007 83,300 83,500 81,000 77,400 73,300 61,806 56,854 53,371 49,724 42,715 38,447 38,875 34,732 30,482 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Source: CA Employment Development Dept. 17
  20. 20. sales tax Statistics $5 , 57 7, 80 5 $4, 7 97 ,8 45 $ 3, 5 07 ,9 47 $2 , 89 5, 02 0 $2 ,57 3, 28 2 $ 2, 3 40 ,6 75 $2 ,33 5, 22 3 $1 ,48 5, 88 2 $1 ,26 9, 65 6 $5 06, 31 3 Total Taxable Sales (000) Inland Empire Cities Over 100,000 - 2007 Ontario Riverside Corona San Temecula Rancho Fontana Chino Moreno Norco Total Taxable Sales (000) Bernardino Cucamonga Valley Corona, 1990-2007 Source: CA Board of Equalization 6 0 8 9 7 0 1 0 1 6 4 7 0 7 4 2 0 3 96 68 28 06 75 77 16 00 47 07 78 94 82 85 89 76 25 35 3, 0, 3, 3, 1, 5, 2, 0, 1, 6, 9, 7, 92, 52, 66, 09, 03, 90, ,07 ,18 ,28 ,50 , 73 ,05 ,20 , 71 ,91 , 35 , 61 ,50 $7 $7 $7 $8 $9 $9 $1 $1 $1 $1 $1 $2 $2 $2 $2 $3 $3 $3 ■ 34.5% of Corona's sales tax is  generated by non-retail business companies. Source: CA Board of Equalization 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 6000000 5000000 4000000 0000 0000 3000000 0000 2000000 0000 0000 1000000 0000 0 0000 0000 0 18

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