Inland Empire Makes the Most of its 30 Miles of Industrial Space
The Inland Empire is one of the largest big-box industrial markets in the country. The majority of its industrial base is class-A distribution space in a highly concentrated 30-mile radius. Numerous firms call the Inland Empire home due to its infrastructure, transportation network and location incentives.
“The Inland Empire has excellent infrastructure with major freeways, three large airports and multi-modal/intermodal railways,” says Dan de la Paz, CBRE executive vice president. “The region adds between 10 million and 25 million square feet of new space annually that is absorbed by Fortune 500 companies.”
To attract these companies, there have been 59 economic incentives deals totaling more than $37 million at an average of $7,883 per new job in the Inland Empire during the past five years, according to Wavteq.
According to CBRE’s Location Incentives Group, the top incentive program offered is the California Competes Tax Credit, which is a discretionary income tax credit awarded to businesses that locate or expand in California. This program was extended through 2023 with $180 million in tax credits available for allocation to businesses that make capital investments, create new jobs and offer strategic importance to the region. The credits are non-refundable and companies can only apply during designated application periods held three times each year.
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.
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