Broker Breakfast 02-25-15

Broker BreakfastCity of MurrietaBruce ColemanEconomic Development DirectorFebruary 25, 2015

Right time and right place for business investmentWhy is Murrieta the

Population = 107,479

Average Age = 32

34%-37% of our residents have a BA or advanced degree; 63% have attended college

Average Family Income = $105,0004.87% Unemployment compared to OC and SD

Demographics

Economic DevelopmentMurrietaGreat Location forBusiness Investment

Center of Southern CaliforniaMidway between San Diego and Los AngelesIn Path of Southern Californias GrowthAvailable/affordable land/sites/buildings for business

2nd Safest City for 100,000+

Public Safety

Outstanding Schools

Murrieta School District

Quality of Life

Housing

HousingThe Vineyard = 1,000 units, school and parkHunters Ridge = 115 unitsSunCal selling approved parcels near Loma Linda (500 units)500 other SFR units plannedApartments west of Vista Murrieta HS (325 units)Apartments on Murrieta Hot Springs (112 units) and across the street (196 units)

Economic DevelopmentMurrieta grew more than 233% between 2000-2010Currently a bedroom community to San Diego/Orange County/Los Angeles CountyChallenge is long distance commutingCitys vision Murrieta as next business/tech hub for Southern CaliforniaEconomic Development as one of Citys highest priorities

Economic Development FocusSmall/Medium Sized Businesses Entrepreneurship (tech and non tech)Life Science/Medical DeviceHealth CareInfoTechAdvanced ManufacturingNational Security/DefenseHigher EducationQuality Retail/RestaurantsHotels

Preparing for Economic DevelopmentUpdate of General Plan 2013City-funded EIRFocus on Two Freeway CorridorsCouncil adopted Office Research Park and Business Park ZoningNorth Murrieta Technology CorridorSouth Murrieta Business CorridorJackson Avenue CorridorCentral MurrietaInfrastructure Development

NorthMurrietaTechnologyCorridor Kaiser site Health South site

SouthMurrietaBusinessPark Jackson corridor Business Park Opportunities New Marriott Hotels

TheTriangleThe Terraces The Terraces The Triangle Crossroad Rady Hampton Inn

Business Friendly StrategyBusiness Ombudsman ServicesOne-on-One Marketing assistance to businessesSite/Building location assistance with the brokerage communityTranslating between government and business ownersPartnering with Chamber of CommerceCoffee with City of Murrieta

Business Friendly Strategy (cont.)Monthly Business RoundtableMurrieta Lunch with FriendsHelping locate business financingMurrieta MagazineSBA PartnershipSCOREWorkforce AssistanceFast Track Permitting

Economic Development

Economic DevelopmentMarketing/Network EventsICSC Connecting to retailersMicrolending EventUS Navy/UCR Tech Transfer EventBIOCOMHealth Care SummitReshoring to America SD Daily Transcript Event

Helping Businesses to Grow

Economic DevelopmentComing:Skilled Nursing/Assisted Living Jackson Avenue Corridor, south of Sams Club

[Kalmia / Washington ]Economic Development

[Washington / Juniper]Economic Development

Growing EntrepreneurshipMurrieta Innovation CenterInSoCal CONNECTMentoring / SpringboardThought Leadership SeriesSoCal EEDTemecula - Murrieta Software DevelopersValley InnovatorsMurrieta Coworking ConnectionTech Coast AngelsThe HIVEThe Co Hive for Software Developers/Entreprenuers Innovators

Tech/Entrepreunership Skills Development ProgramPartnership with the Murrieta Valley Unified School DistrictTech ExpoCareer Pathways GrantPartnership with UCRSoftware Internship CommitteeEntrepreneurship School at the Murrieta Innovation Center (www.trygrow.com)

International Business FocusUS Department of Commerce

Export University

Manufacturing & Export Assoc.

Foreign Investment in Murrieta

Korea, Japan, Singapore, India, Vietnam, Indonesia, Hungary, Kenya, China

Visited by Head of Select USA

International Business Focus

Bruce ColemanEconomic Development [email protected] DavidsonBusiness Development [email protected]

Documents

Broker Breakfast 02-25-15