Launching an Opportunity Zone for Riverside County
A metropolitan region of more than 27,000 square miles and 4 million people, California’s Inland Empire, which includes Riverside, is the fastest growing region in the state. To create high-quality jobs in key economic sectors, such as manufacturing, tourism, and technology, the Economic Development Agency (EDA) in Riverside County is working to promote its Opportunity Zones. These economically distressed communities, which were designated by the federal government, can potentially benefit from tax incentives aimed at encouraging investment and economic development.
Riverside County is partnering with FUSE executive fellow Stacy Cumberbatch to collaborate with the EDA and local stakeholders to oversee Opportunity Zone development. Stacy is helping create an Investment Prospectus that outlines a vision for sustainable, equitable, and inclusive investments, highlighting such information as assets, partnerships, and shovel-ready projects in the counties. Additionally, she is helping promote and secure initial deals.