Fifth District Update_Jan 2020

ECONOMIC DEVELOPMENT DIVISION

General Updates

 EDA is hosting two Opportunity Zone events on January 21, 2020 with speakers from Kosmont and Associates and Blake Christian, a Certified Public Accountant. Both firms have expertise in Opportunity Zone matters. The event is designed to provide updates on the final regulations which were issued at the end of December 2019, describe potential investment deal structures, and how communities can take advantage of this tool to further economic development. o Western County Event – Corona City Hall, 8:00am o Eastern County Event – Fantasy Spring Resort – 2:00pm  The San Gorgonio Pass area economic development group is reforming and will be approaching EDA for support. EDA has been involved with communities in the Pass area for many years and will review the request when received. ED Manager currently serves on the City of Beaumont’s Economic Development Committee.  Helped Nico Coppola of Colliers International find more information about two parcels that are in the unincorporated area of the county right outside of Perris that a client is interested in developing. Also included the Planning department in discussions.  The City of Beaumont ED Manager referred Shawn Bolour of The Bolour movement to us for assistance on developing some land in the pass area. Mr. Bolour was looking for information on funding for affordable homes and was referred to the Housing Authority.  Assisted Vic Onorio of Lee & Associates in Riverside with site selection services. With the parameters he sent, we created a lead template package for him which included properties from around the County that fit their needs. They are looking at a parcel in the City of Perris.