Who is Eastvale’s Economic Development team?
Eastvale’s Economic Development team is a subsection of Eastvale’s city government that focuses on supporting, growing, and developing Eastvale’s business community.
We partner with existing and new businesses to provide the resources they need to succeed. That might mean helping an existing business with tax incentives, helping a new business acquire the permits needed to develop within the city, or helping them apply for a small business loan to get their business started.
A strong economic community creates jobs for our residents, boosts sales tax revenue for our city government, and funds community-based programs.
Why is economic development important to the city’s economy?
Economic development is valuable because it brings revenue to our community by building a healthy economy. Economic development helps communities by:
• Increased tax base – The additional revenue provided by economic development supports, maintains and improves local infrastructure, such as roads, parks, libraries, and emergency medical services.
• Job development – Economic development provides better wages, benefits, and opportunities for advancement.
• Business retention – Businesses feel appreciated by the community and, in turn, are more likely to stay in town, contributing to the economy.
• Economic diversification – A diversified economic base helps expand the local economy and reduces a community’s vulnerability to a single business sector.
• Self-sufficiency – A stronger economic base means public services are less dependent on intergovernmental influences and alliances, which can change with each election.
• Productive use of property – Property used for its “highest and best use” maximizes the value of that property.
• Quality of life – More local tax dollars and jobs raise the economic tide for the entire community, including the overall standard of living of the residents.
• Recognition of local products – Successful economic development often occurs when locally produced goods are consumed in the local market to a greater degree.
Why is Eastvale a good place to start a new business?
Eastvale is populated with high-income earners that have discretionary spending for products and services that enhance their quality of life. The median household income for residents is $127,881 per year, giving them more buying power than other neighboring cities. With an average resident age of 32, Eastvale is a town of young business professionals and families looking for local businesses to provide unique experiences that enhance their lifestyles.
In Eastvale, we do government differently than most and we won’t bog down the process with bureaucratic red tape. Our Economic Development team is here to support your business and watch you prosper without the complexities of typical government.
Does Eastvale provide loans to small businesses? Are there any tax incentives for new businesses?
It depends on the type of business being established. Currently, Eastvale offers one incentive loan. The ‘City of Eastvale Business Incentive Loan’ grants up to $100,000. Restaurants that provide premium, casual, and fine dining experiences are encouraged to apply. If you fit those categories, we invite you to apply.
Who can I contact for help?
You can send us a message or call, 951.703.4425.
Where can I go for permits?
You can visit our Business Registration FAQs page for common business registration Questions.
What are your most successful industries in Eastvale?
The most successful industries in our region include:
• Service providers
• Professional & business services
• Education & health services
Broken down by business group, Eastvale has the following major business groups:
• Autos & transportation
• Building & construction
• Business & industry
• Food & drug
• General consumer goods
• Restaurants & bars
Additionally, there is high consumer demand in the following types of businesses:
• Automotive dealers
• Beer/wine/liquor stores
• Clothing & apparel stores
• Fine dining
• Furniture stores
• Grocery stores
• Specialty stores
(Source: City of Eastvale Community Profile)
What type of work do most people do in Eastvale?
The City of Eastvale has identified that most residents work in the following occupational roles:
• 24% of our population works in a professional specialty
• 17% are managers of some sort
• 14% work in an office administration role
• 11% are in a sales role
• 10% are in transportation production
• The remaining 23% of our population works in a variety of other industries and occupations