Weekly Wire RoundUp $120M in Tax Credits, Jurupa Valley Workshop, Hydrogen Hubs, and more

By: Sharjeel Sohaib

• 

Jan 22, 2023

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Startempire Wire Weekly Round up

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This is Startempire Wire’s latest weekly wire roundup.

$120 Million in Business Tax Credits and Grants Available with CalCompetes Governor Newsom extended the California Competes Grant Program (CCGP) and California Compete Tax Credit (CCTC) for the Fiscal Year 2022/2023. $120 million in business tax credits and grants are available through the CalCompetes program. It is possible for any company to apply for the California Competes Tax Benefit, an income tax credit for companies wishing to relocate to, expand within, or remain in California.

Diane Strand, Elected President of Southwest Riverside Economic Development Coalition Diane Strand was elected president of the Southwest Riverside Economic Development Coalition for a 30-month term starting January 6, 2023. Strand said she is committed to expanding economic opportunities in the region and is involved in local businesses and community organizations. Diane Strand is the founder and executive director of the non-profit JDS Creative Academy and the majority owner and executive producer of the multi-award-winning JDS Video & Media Productions.

Workshop for Jurupa Valley Residents and Non-profits on the Community Development Block Grant Program The City of Jurupa Valley receives annual funding of between $1.2 and $1.3 million from the CDBG program to carry out housing initiatives, social services, and infrastructure projects. Everyone is invited to this year’s Community Development Block Grant (CDBG) 101 Workshop. It will be held in the Council Chambers at City Hall on January 12 at 6:00 p.m. The city is currently seeking applications for Public Service Grants for the 2023-2024 fiscal year from eligible, tax-exempt non-profit organizations that provide or plan to provide qualified CDBG services within the city.

Rexford Industrial’s Inland Empire Acquisitions Spree Rexford Industrial Realty, located throughout infill Southern California, announced the acquisition of ten industrial properties for $336.2 million. Rexford Industrial invests in operating and redeveloping industrial properties throughout infill Southern California, the world’s fourth-largest industrial market. The industrial property group also acquired several properties in the Inland Empire, including 755 Trademark Circle in Corona.

Hydrogen Hub Grants in California California Gov. Gavin Newsom has established a broad statewide alliance to apply for a stake of $7 billion in federal grants earmarked for national hydrogen hubs. Alliance for Renewable Clean Hydrogen Energy Systems (ARCHES) is a nonprofit public-private partnership by GO-Biz, the Governor’s Office of Business and Economic Development. ARCHES will serve as a one-window operation to work on a hydrogen hub application to be submitted to the U.S. Department of Energy.

Swickard Auto Group Purchases John Elway’s Crown Toyota for $40M with TFS Loan Swickard Auto Group has acquired John Elway’s Crown Toyota dealership in Southern California for $40 million from EP Properties. The acquisition was financed by a $42.4 million loan from Toyota Financial Services (TFS). The dealership occupies 22.8 acres and has three buildings totaling 171,903 square feet. It is located in the City of Ontario, California, and was constructed in 1989.

Podcasts

(Tuesday) Guiding Transformative Change for Executives & Business Leaders with Bryan Barrera of LC Innovation

  • Bryan Barrera

Events

  1. 2023 CVCC Job Fair Wednesday – Jan 25, 2023, 1:00 PM – 3:00 PM PST – Chino Hills Community Center
  2. State of the City Riverside by Design – Thu, Jan 26, 2023 – 5:30 PM Riverside Convention Center –
  3. Murrieta MEGA Mixer 2023 – January 26, 2023 – January 27, 2023. | 500 Diamond Dr, Lake Elsinore, California Event Held by Murrieta/Wildomar Chamber of Commerce
  4. The Southwest Hispanic Chamber Of Commerce Event- February 1, 2023 – [AmPac Business Capital, Inland Empire Blvd, Ontario, CA]
  5. Fontana State of the City – February 16, 2023 Time: 5 pm – 8 pm | Location: Water of Life Community Church | 7625 East Avenue, Fontana
  6. Community Conversations: Black History Month – Thu, February 16, 2023, 6:00 PM – 9:00 PM PST [Council Chambers at Corona City Hall]

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