City of Riverside, California
Small Business Mirco Loan 
Informational Kick-Off
July 31 at 5 p.m.
City Hall
 Seizing Our Destiny 
Weekly Wins
Great projects, initiatives and successes are happening in Riverside everyday; highlights for this week:


Partner Spotlight 



is the official export credit agency of the United States.

Ex-Im Bank enables U.S. companies - large and small - to turn export opportunities into real sales that help to maintain and create U.S. jobs and contribute to a stronger national economy.


Ex-Im Bank does not compete with private sector lenders but provides export financing products that fill gaps in trade financing. By assuming credit and country risks that the private sector is unable or unwilling to accept, Ex-Im is able to help to level the playing field for U.S. exporters by matching the financing that other governments provide to their exporters.


Ex-Im Bank provides working capital guarantees; export credit insurance;

loan guarantees; and direct loans (buyer financing). No transaction is too large or too small. 




Western Regional Export Finance Centers

Orange County, CA 


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Economic Development News
City of Riverside, California
Office of Economic Development
July 24, 2012 

Riverside is being recognized worldwide for its forward looking, cutting-edge approaches to economic development, education, sustainability and technology. Discover the possibilities within this City of Arts & Innovation.


It's a small world after all.


With economic recovery blooming at various rates worldwide, paradigms for business success are shifting, ushering new ideas, including the realization the Global Marketplace is the new frontier - and it's here to stay.  No longer is the concept of a global economy a concern reserved for large corporations and conglomerates; forward-thinking municipalities, regions and states are coming to understand the value of Foreign Direct Investment (FDI) and the City of Riverside is proud to lead the way for the Inland Region.


With eight Sister Cities and ties that that stretch back decades, the City of Riverside has long been a proponent of taking business relations to a global level. Now, according to a recent Moody's Report, Riverside is the #1 city in the County when it comes to attracting Foreign Direct Investment. We are home to 110 internationally-owned businesses and growing.


Foreign Direct Investment has important long-term implications for our local economy, not the least of which is jobs creation. Riverside's foreign-owned businesses currently employ 2,471 people, and have an annual payroll of $ 84 million.  The 2011 US Department of Commerce notes that investment by foreign companies not only provides jobs, but good compensation: up to 30% higher pay than non-FDI supported companies.


The summary goes on to define Foreign Direct Investment as a win-win as businesses share technology, best practices and provide new sources of capital for growth. Additionally, Foreign Direct Investment opens doors to new markets and reduces barriers between countries, creating export and import opportunities for small and medium sized businesses in our region.


Want to learn more about how to become a part of the global economy? Click here for more information on available resources.


$hop Riverside is a City of Riverside awareness campaign designed to educate residents on the benefits of shopping locally. Not only does it support small business owners in Riverside and help to create more jobs for our residents, but for every dollar you spend in the City, 1% goes back to the community to support city services, such as police, fire, museum exhibits, youth programs, libraries and much more!

When you shop locally, you are increasing your investment in your community and ultimately improving your quality of life. So, make your dollars count by supporting city services! 

As an added benefit, you can be rewarded by shopping local through the $hop Riverside Community Card that provides additional discounts while serving as a fundraising source for local school and non-profit organizations. The card has more than 200 participating local businesses and provides a wide range of special offers for the cardholder...from dining to shopping to relaxing at a spa, you can find businesses all over Riverside that will be proud to honor your card.  You can purchase your 2013 Community Card starting in August for $15 from several Riverside schools or online at; the new cards are good through December 2013. 


View the full list of locations to purchase the card and more details on the $hop Riverside program by clicking here.


On July 19, 2012, the City of Riverside in partnership with the County of Riverside and Riverside Public Utilities hosted "Site Selection 101: How a Site Selector Really Evaluates Locations." The first of the County's "Meet the Consultant's Series", was presented to economic development and commercial real estate professionals from around the county. (Read more...)


We invite you to celebrate the achievements and continued progress of this City of Arts & Innovation. Please contact the Office of Economic Development for more information.


Scott C. Barber

City Manager
City of Riverside