Economic Development echoes the Mayor’s message from the State of the City: Back to Basics with Customer Service. The City of Corona is taking lemons and making Lemonade– Customer Service, Business Services, Transportation, Workforce Housing, Education, and Connectivity are all priorities. A recent article in The Wall Street Journal spoke about manufacturers reducing inventory. As products are sold, the need to acquire more inventory is spurring the economy. Good sign we are moving through this storm. Next Slide
Team Corona evolved to be the umbrella for Economic Development Business portal WTV Loopnet Interactive Map Catalyst for Social Media— Next Slide
Corona is at forefront Social media to stay connected Be part of our Evolution; sign up for updates-- Next Slide
Magnolia Project Started January 2008-- Next Slide .
Total Completion February 2010 Cloverleaf for Northbound 15 open-- Next Slide
Studies in progress Stretches from El Cerrito to Lincoln NEW expansion—Lincoln to Green River Project Approval/EIR: July 2007 – March 2008 Right-of-Way Acquisition: April 2008 - February 2009 Final Design: April 2008 – February 2009 Construction: April 2009 – April 2011-- Next Slide
280,000 cars daily– 425,000 cars daily by 2025 Measure A-- $430 million—Riverside County Measure M-- $1.3 billion– Orange County-- Next Slide
Coronita Eastvale El Cerrito Home Gardens Lake Hills Sycamore Creek The Retreat Trilogy Wildrose For new agents, important you know these developments are not in Corona. Service levels are distinctly different.
Workforce Housing key for Corona Success HOAP NOW—First Time Home Buyer Program Updated guidelines- Effective June 1 DataQuick shows home sales up in April 2009 for Riverside County—4500 Corona housing moving if adequately priced LA Times reported 287 homes sold (Corona) in February—Almost a 50% increase from 2008 Lack of confidence was at the heart of this recession. Boost in confidence will take us out of it. NY Times/CBS News poll showed the gap between the Woes and the Hopeful closing. 34% getting worse vs 20 % getting better – 2009 60% getting worse vs 10% getter better – 2008-- Next Slide
Construction Schedule Begin: January 2008 Completion: February 2010 Construction Cost: $15 Million Magnolia Project
<ul><li>Community Education Program </li></ul><ul><li>Shop for a Cause </li></ul><ul><li>Partnering with business community </li></ul><ul><li>The Chef Knows </li></ul><ul><li>http:// www.youtube.com/watch?v =WiV_pW63qhw </li></ul>
Corona-Norco Unified School District <ul><li>9 th largest district in State/Largest in County </li></ul><ul><li>48 Schools </li></ul><ul><li>52,690 Students </li></ul><ul><li>6253 Employees </li></ul><ul><li>92% Graduation Rate </li></ul><ul><li>95% Attendance Rate </li></ul><ul><li>38 Languages Spoken </li></ul><ul><li>$399 million budget for 2008-2009 school year </li></ul>