business news online @ iebusinessreview . com corona chamber business news see section c TAKE ME HOME! PRSRT STD U.S. POSTAGE T HE M ORENO V ALLEY volume 2, number 9 MORENO VALLEY, CA PAID PERMIT #60 B USINESS J OURNAL ™ Local Postal Customer september serving the moreno valley business community 2015 B y M ike L ee , M oreno V aLLey e conoMic D eVeLopMent D irector The Moreno Valley City Council announces the approval of the largest single industrial develop-ment project in California’s his-tory -the World Logistics Center (WLC) is a world class busi-ness park specifically designed to support the requirements of large global companies and their logistics operations. Featuring advanced technologies and in-novative architecture, the World Logistics Center is destined to become one of the premier busi-ness centers in Southern Califor-nia. With this approval, More-no Valley is now a full-fledged player in the global economy. “The World Logistics Center is a game-changer of propor-tional magnitude, not only for the City but the entire region,” said Moreno Valley Mayor Jesse Molina. The 2,610-acre campus will be one of the most sustainable de-velopments of its kind incorpo-rating the highest environmental standards. The WLC’s innova-tive environmental design, water conservation strategies as well as its use of the cleanest diesel technology available will ensure the utmost in environmental compatibility, ensuring minimal impact on both people and the environment. “The project’s groundbreak-ing design and state-of-the-art sustainable features sets a new industry standard and pro-vides the leadership necessary to move the entire industry to its next level. Partnering with Highland Fairview, one of the most innovative and leading development firms will give Moreno Valley the competitive edge it needs to succeed. The phenomenal success of High-land Fairview’s Skechers which set a new standard for logistics facilities is known internation-ally, and I am sure, the World Logistics Center project will do the same”, said CBRE Vice Chairman Darla Longo. The World Logistics Cen-ter Specific Plan encompasses 2,610 acre and carries out the City vision set out in the City’s Economic Development Action Plan. The specific Plan estab -lishes a clear vision for the land located in the easterly portion of Moreno Valley -east of Red-lands Boulevard, south of the Moreno Valley Freeway (State Route 60), and west of Gilman Springs Road. The World Logistics Center supports the City’s vision to cre-ate a logistics campus designed for development of up to 40.6 million square feet of premier industrial high-cube logistics facilities. The project will also include high quality office and other support facilities. Master planned by Highland Fairview, the World Logistics Center will create one of the largest logis-tics clusters in the world. “We are happy to partner with the City of Moreno Valley in support of the City’s vision in bringing about this tremendous opportunity. The World Logis-tics Center is not just important for Moreno Valley; it is signifi -cant for California and is poised to become one of the preemi-nent business centers nationally and globally. We know it will be a great success,” said Highland Fairview President and CEO Iddo Benzeevi. The WLC capitalizes on Moreno Valley’s strategic loca-tion placing it within an hour’s drive of every major market in Southern California, one of the world’s largest economies in and of itself and the world’s number one logistics market. This unique location at the junc-tion of two major transportation corridors (SR-60 and I-215) also places the WLC within overnight delivery range to the 11 western states and within ex-pedient reach to over 200 mil-lion customers. Moreno Valley is already the home to Fortune 500 and glob-al companies such as Proctor & Gamble, Amazon, Skechers USA, Deckers Outdoor, Philips Electronics, Harman Kardon, Walgreens, Serta Mattress, Aldi Foods and recently announced, Fisker Automotive. The WLC will promote vigorous econom-ic growth by attracting global companies to the region. The WLC will yield unprec-edented benefit to Moreno Val -ley’s local economy, providing an estimated 13,000 construc-tion jobs and 20,000 permanent jobs at a variety of skill levels -from entry level to manage-ment. The project is estimated to contribute approximately Moreno Valley City Council Approves World Logistics Center The World Logistics Center is a development of Highland Fairview WORLD LOGISTICS CENTER Logistics facilities in an integrated corporate environment designed for demanding global customers. A NEW PARADIGM INVESTING IN 20,000 OUR FUTURE JOBS* $2.5 Billion in annual Economic Benefit to the Inland Empire* AN ECONOMIC BOOM The World Logistics Center is a world class business park specifically designed to support the needs of large global companies and their logistics operations. Driven by logistics, international trade is now the engine of the global economy which is expected to reach over $35 trillion by 2020. As one of the leading sectors in the U.S. and global economies, the logistics industry represents an historic opportunity for Moreno Valley to take its rightful place amongst Southern California’s business centers. Featuring advanced technologies and innovative architecture, the World Logistics Center is destined to become one of the premier business centers in Southern California. Designed with high environmental standards, the World Logistics Center incorporates innovative sustainable design that ensures minimal impact on both people and the environment. $3 BILLION IN CONSTRUCTION SPENDING* *The project EIR fiscal impact analysis, along with Beacon Economics, estimate over 20,000 jobs and 2.5 billion in economic output from the project. Anticipate final project EIR and fiscal analysis available for review in first quarter 2015. $2.5 billion annually in eco-nomic activity to the city and the region. The WLC will also benefit from a ready local workforce with a broad base of skills. The developer, Highland Fairview has committed to provide near-ly $7 million to promote edu-cation, a library, training and workforce development to fur-ther prepare Moreno Valley res-idents for an estimated 20,000 jobs that will be created by the operation of the World Logis-tics Center. The WLC will put Moreno Valley on the map with a world-class business park that will attract American and international companies who demand high-tech logistics fa-cilities. The City Council’s approval shifts Moreno Valley’s econom-ic development activities into high gear; business attraction will feature the synergies now available in partnership with the World Logistics Center. For more information about estab-lishing a new business in More-no Valley, please contact the Economic Development Depart-ment at EDTeam@moval.org or 951.413.3460.