On Thursday, June 22, 2023, the California Association for Local Economic Development (CALED) bestowed the City of Moreno Valley with its Award of Excellence Grand Prize in the Gamechanger Category, the highest recognition in the field of economic development in the state of California.
CALED is honoring Moreno Valley for the City’s multiple cross-departmental projects that have demonstrated continued dedication to investing in infrastructure, layering financing tools, and leveraging partnerships. The City’s “game-changing” approach has attracted transformational development, including bringing in new companies, the creation of 30,000 local jobs, increasing the annual average household income from $63,000/year to $95,000/year, and the generation of millions in property tax, sales tax, and utility users’ tax revenues to support public safety, parks & community services.
“The steadfast and focused efforts of the Moreno Valley Economic Development Department have made this award possible, and I am proud to see their efforts recognized by such a prominent organization,” said Mayor Ulises Cabrera. “On behalf of the City of Moreno Valley, our residents, and our business partners, I would like to extend our gratitude to CALED for this prestigious award, and congratulate our City Staff for their outstanding work.”
CALED, the 800-member premier statewide professional development organization, represents cities, counties, state and federal agencies, economic development corporations, and the private sector. Since 1980, CALED has been dedicated to advancing its members’ ability to achieve excellence in developing economic services for their communities and business clientele.
The Moreno Valley Economic Development Department (EDD) works closely with new industrial and commercial ventures to create new jobs and develop quality retail and dining opportunities for the community.
To learn more about Moreno Valley’s thriving business economy, visit morenovalleybusiness.com.