FEBRUARY 2010
Vol. 4, Number 2
MCEDC logo
Madera County E-BIZ

Welcome to Madera County Economic Development’s E-BIZ! On a monthly basis, our online Newsletter covers important local, regional and national news that impacts our local economy.  E-BIZ reports on new projects and events in our cities and towns and keeps readers up to date on the state of the region’s economy.  News about your business is always welcome.

Please send items, questions, comments, or suggestions to the Madera County EDC at info@maderacountyedc.com or visit our Web site at maderacountyedc.com

SAVE THE DATE

Attention Manufacturer’s- GMCIA Meeting
Wednesday, February 10th, 2010 at 7:00 AM
Madera Municipal Golf Course

GMCIA Logo

Madera Manufacturer’s, please attend the upcoming Greater Madera County Industrial Association (GMCIA) meeting on February 10th, 2010 at 7:00 AM, located at the Madera Municipal Golf Course.

For more information, contact Shirley Driggs at 559-673-8496.

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West Pack Tradeshow
February 9-11, 2010
Anaheim Convention Center
FREE ADMISSION

Please join us at the WestPack show, February 9-11, 2010 at the Anaheim Convention Center, Anaheim, CA. Simply click the electronic invitation below to visit the show web site where you will find detailed information and easy online registration for complimentary expo hall admission ─ a $55 savings!

We look forward to seeing you in Anaheim, CA, February 9-11, 2010.

WestPack

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Free SBA Business Plan Workshop for Small Businesses
Wednesday February 17, 2010 from 8:45-10:30
2719 N. Air Fresno Drive, Suite 200
Fresno, California 93727

Reservations are required as seating is limited.  To make a reservation, contact William Hori at (559) 487-5791 or at William.hori@sba.gov.

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MCEDC State of the County Event

Sponsored by Tesoro Viejo Inc.
Wednesday March 17, 2010 from 11:30-1:30
Madera Municipal Golf Course

Speakers will be Tom Wheeler representing the Madera County Board of Supervisors, Mayor Jim Kopshever, representing the City of Chowchilla and Mayor Pro Tem Robert Poythress, representing the City of Madera.

Contact Madera County EDC 675-7768 to reserve your seat at $30 or email lgrow@maderacountyedc.com

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Featured Properties

Office Space

900 Commerce Drive, Industrial Building- Chowchilla

  • Size: +/- 21,000 SF
  • Office Area: +/- 1,300 SF including a reception area, private offices and a break room (additional offices in warehouse area)
  • Acres: 6.55
  • Zoning: I-2 (Heavy Industrial, City of Chowchilla)
  • Status: Sale or Lease
  • Price: $1,300,000
  • Lease: $0.45 / SF, monthly rate, NNN
  • Clear Height: 14-18’
  • Electrical: 600 amps, 3 phase
  • Truck Docks: 9 grade level

For more detailed information including pictures and a property flyer please click here or contact Julie at 559-675-7768.


4th Quarter 2009 Madera County Industry Statistics

Total Base
(Sq. Ft.)
Total Vacancy
(Sq. Ft.)
Vacancy Rate Avg. Asking
Rental Rate
7,042,114 934,269 13.27% $0.36

Source: TK Consulting - Tammy Katuin, Independent Real Estate Marketing Consultant, click here to see full report.

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December 2009 Unemployment Rate

Unemployment Data

  • Madera County 15.4%
  • Central Valley (Avg.) 17.1%
  • California 12.1%

For Madera County cities and Census Designated Places click here
*Central Valley counties include: San Joaquin, Stanislaus, Merced, Madera, Fresno, Tulare, Kings & Kern

Source: www.labormarketinfo.edd.ca.gov

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LOCAL NEWS

SPECIAL ANNOUNCEMENT

Tesoro Viejo Inc. will be the Corporate Sponsor for MCEDC’s State of the County Luncheon

The Corporate Sponsor for the Madera County EDC’s State of the County luncheon will be Tesoro Viejo, Inc., developer of a master planned community that will be located in the heart of the Rio Mesa growth area, east of Highway 41 and south of Avenue 15.

This new community, which is being developed by an entity formed by McCaffrey Homes, Gary McDonald and Lyles United, LLC, will include new homes, schools, offices, stores and other businesses that will create 7,000 new jobs.

Additionally, a full 25 percent of the project area will be dedicated to neighborhood parks, recreational areas, public trails and open space.

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Ribbon CuttingsRibbon Cuttings

  • Oakhurst Office Equipment - Oakhurst
  • Upstairs Downtown Salon- Oakhurst
  • Subway- Oakhurst

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Madera farm offers pomegranate honey
PomegranatesFresno Bee

The pomegranate honey—an unusual, if not unique product, is the latest offering from Madera farm Home Grown Cellars, Owners Alex and Jackie Lehman have a knack for creating new pomegranate products, as well as maximizing returns from their land with agriculture tourism and diversified crops. Read more

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YosemiteEconomy drives up Yosemite tourism
The Fresno Bee

The economic crash that devastated both Wall Street and Main Street last year might have been a boon to America’s national parks and Yosemite National Park as a case in point. The park had its highest turnout since the mid-1990’s with nearly 4 million visitors, reversing years of tourism losses. It supports the theory that people are driving to nature rather than flying to Europe or Hawaii, says one National Park Service expert. Read more

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Applications continue to surge at UC Merced
UCMercedThe Merced Sun Star

More than 12,000 students applied to UC Merced last year for fall 2010, a record for the five-year-old university. A majority of the applicants, 10,594, were incoming freshmen, and 1,722 were transfer students. This year’s pool was 21 percent larger than last year’s numbers. Read more

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STATE

5,000 Applications Submitted for the Citizens Redistricting Commission
Various Communities Across California Still Underrepresented and are encouraged to apply by February 12
Press Release

The California State Auditor announced that 5,000 applications have been submitted for a seat on the Citizens Redistricting Commission to draw the new state Senate, Assembly, and Board of Equalization district lines; however, many communities across California are still underrepresented and are encouraged to apply by the application close on February 12. Read more. To find out the qualifications and apply please visit www.wedrawthelines.ca.gov

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California awarded $2.25b for high-speed rail
The Fresno Bee

Federal officials announced that California will get a big share of the $8 billion fund for projects nationwide. California will get $2.25 billion to help build a high-speed rail systemHigh Speed Rail connecting Southern California to the Bay Area through the San Joaquin Valley, as well as additional funds for other rail projects. Other states getting high-speed rail funding include Washington, North Carolina and Florida. Read more

To visit CA High Speed Rail website click here

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Valley’s new-home builders expect recovery soon
The Fresno Bee

The new-home market is skidding along the bottom but is poised for recovery after a tough 2009 that featured a stubborn recession, increasing unemployment and competition from low-priced foreclosures, home builders say. But builders, noting that this down real estate cycle has lasted longer than the typical slump are preparing for an uptick. Some are buying land and subdivided lots to replace a dwindling inventory. Read more

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INDUSTRY

America’s Best and Worst Banks
Citizens Business Bank Named 6th Best Bank in America

Forbes.com

Citizens Business BankCVB Financial Corp. is the holding company for Citizens Business Bank, a $7 billion financial services company based in Ontario, CA. Citizens Business Bank serves 40 cities with 46 business financial centers and 5 commercial banking centers in the Inland Empire, Los Angeles County, Orange County and the Central Valley areas of California. Click here to see the list of bank rankings.

Citizens Business Bank has a branch in Madera located at 1925 Howard Rd.

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RESOURCES

US Department of Labor announces $150 million in “Pathways Out of Poverty” training grants for green jobs
ETA News Release

Secretary of Labor Hilda L. Solis announced $150 million in green jobs training grants, as authorized by the American Recovery and Reinvestment Act of 2009 The “Pathways Out of Poverty” grants will support programs that help disadvantaged populations find ways out of poverty and into economic self-sufficiency through employment in energy efficiency and renewable energy industries. Read more or for more information and a listing of grants and project descriptions click here

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Resource links for financial aid and business advice

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In This Issue
Save The Date

· Free SBA Business Plan Workshop for Small Businesses
Wednesday February 17, 2010 from 8:45-10:30

· MCEDC State of the County Event - Wednesday March 17, 2010 from 11:30-1:30

Contact

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Madera County EDC
2425 W. Cleveland Ave., Suite 101
Madera, CA  93637
559-675-7768


Newsletter Ideas
If you have a story that you think might be of interest, please contact:


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Bobby Kahn, Executive Director
Madera County EDC