Riverside's assets make the city an ideal market for International Investment. The city is well positioned for exporting of goods and interest in foreign direct investment.
Centrally Located in Southern California
Proximity to Ports
Low Cost and Reliable Utilities
Available and Trainable Workforce
High Speed Internet Access
Business Friendly City Hall
A Variety of Housing Options and Price Ranges
Over 110 foreign-owned establishments in the City of Riverside
Incubators provide soft landings for Foreign Companies
Foreign Trade Zone
A Foreign-Trade Zone (FTZ) is a designated area within U.S. borders which promotes domestic employment and helps U.S. firms compete in the global marketplace. An FTZ is located in or near a U.S. Customs port of entry, where foreign and domestic merchandise is generally considered to be inter-national commerce. Foreign or domestic merchandise may enter this enclave without a formal customs entry or the payment of custom duties or government excise taxes.
Foreign-Trade Zone procedures allow domestic activity involving foreign items to take place as if it were outside U.S. Customs territory. Duty-free treatment is accorded items that are re-exported and duty payment is deferred on items sold in the U.S. market, thus offsetting Customs advantages available to overseas producers who compete with producers located in the United States.
A site that has been granted zone status may not be used for zone activity until the site or a section thereof has been separately approved for FTZ activation by local U.S. Customs officials, and the zone activity remains under the supervision of Customs. A subzone is a special-purpose zone, usually at a manufacturing plant.
There are three foreign trade zones in Riverside County:
Under federal law, 10,000 immigrant visas per year are available to qualified individuals seeking permanent resident status on the basis of their engagement in a new commercial enterprise. This visa program is popularly called the EB-5 visa program.
Permanent resident status based on EB-5 eligibility might be available to investors who have invested – or are actively in the process of investing – at least $1,000,000 into a new commercial enterprise that they have established. A new commercial enterprise includes: the creation of an original business, the purchase of an existing business and restructuring or reorganizing the business to the extent that a new commercial enterprise results, or expanding upon an existing business.
An applicant seeking status as an immigrant investor must demonstrate that his/her investment will benefit the United States economy and create full-time employment for no fewer than ten qualified individuals, or maintain the number of existing employees in a “troubled business.”
The iHub promotes economic development and innovation based opportunities in the Inland SoCal link corridor. There are two iHub designations in Riverside County from the State of California.
Inland SoCal Link iHub The Inland SoCal Link iHub is anchored by an innovative partnership between the Port of Los Angeles and Inland Southern California.
Promote collaboration and industry development in the advanced manufacturing and logistics sectors.
Expand the volume of exports through Port of Los Angeles that are manufactured or produced from Inland Southern California.
Encourage foreign direct investment as a mechanism for regional job creation.
Form a sustainable platform to support federal, state and local legislative matters that are mutually aligned between Port of Los Angeles and Inland Southern California.
San Diego iHub The San Diego iHub, which encompasses the combined area of San Diego, Imperial County, and Inland Southern California along the I-15 corridor will build upon the region’s existing innovation infrastructure and strong culture of collaboration to create three convergence clusters: mobile health, biofuels, and solar energy, energy storage and biomimicry. These clusters will utilize the region’s wealth of resources to promote new collaborations, create employment opportunities, shorten the commercialization process, and attract funding for technology.