2026-2030 Economic Development Strategic Plan

Goal 6: Regional Connectivity and Trade Expansion Strategic Action

Priority Year

Cost

6.1 Strengthen partnerships with neighboring regions and cross-border economies

Partnerships: Continue an active leadership role in Inland Economic Growth & Opportunity (IEGO) and advocate for fair distribution of state funding. Partnerships: Collaborate with neighboring counties to support projects and opportunities that generate value to Riverside County.

a

Med 1

$

b

Med 1

$

6.2 Position Riverside County as a manufacturing onshoring gateway for domestic and international trade.

Marketing: Create/host SelectUSA investment summit (or spinoff event) or create "Invest RivCo" summit with emphasis on FDI. Marketing: Consider expanding the County FDI website in multiple languages to attract investment from key global areas. Marketing: Consider rebranding of existing resources into "Global Business Gateway: Riverside County" as a means to attract, support and scale FDI and international partnerships in the County. Marketing: International Consulate Engagement Program which will position Riverside County as a premier destination for FDI, trade partnerships and cultural exchange, by hosting targeted visits from international consulates.

a

High 1

$$

b

Low 3

$$

c

Low 3

$$

d

Med 2

$

6.3 Encourage collaboration between municipalities, businesses, developers, and residents.

Partnerships: Expand and enhance Economic Development Alliance as an opportunity to encourage continued intracounty collaboration. Partnerships: Host an annual roundtable of municipalities, developers, building associations and others involved in commercial and industrial development to highlight areas of success and areas needing improvement and increased collaboration.

a

High 1

$

b

Med 2

$

6.4 Coordinate development efforts across municipalities to ensure cohesive economic strategies .

Resources: Develop and maintain a comprehensive, Countywide land-use inventory that identifies and monitors the availability of developable land to support strategic planning, investment, and sustainable growth. Resources: Develop model (best practices) for development streamlining, permitting and incentives for use by local jurisdictions.

a

Low 3

$$

b

Med 2

$$

$ = less than $50,000 (or no cost)| $$ = $50,000 to $100,000 | $$$ = more than $100,000

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