Industry, Business and Economic Development
Fresno is a great place to do business — but don’t just take the city’s word for it.
According to a 2006 issue of Inc. Magazine, the City of Fresno is fourth in a list of the best medium metro areas to do business in America. This mark of distinction was bestowed upon Fresno based on findings that the city’s economy “is driven by real estate affordability and population growth, particularly spurred on by Latino and Asian immigration.” City officials applaud this accomplishment and call it fuel for a determination to achieve greater success.
There are many factors responsible for the city’s success; among them are an ideal climate, convenient access via land and air, prime locations within the city that are available for purchase or lease, a large pool from which to select well-qualified employees, and professional city staff members ready and willing to assist where needed.
The city’s Economic Development Department can be called a full-service department, and it works diligently to attract and retain companies. The Department offers access to numerous programs designed to assist with financing (whether it is to build, relocate or expand). The City of Fresno Revolving Loan Fund and the Hometown Entrepreneur Loan Program are among the programs offered.
Companies may also be eligible for other tax incentives if they are located within the city’s designated Enterprise Zone, which includes areas near the airport, in downtown and the large industrial/manufacturing area along the southern Highway 99 corridor.
Fresno was one of only seven communities nationwide to receive the coveted designation as an Empowerment Zone, an incentive that stimulates economic development. Businesses can realize substantial tax savings by locating and/or expanding in this zone and by employing area residents.
Companies that choose to set up business in Fresno will find the area to be ideal for their headquarters, administrative offices, manufacturing plants and warehouse distribution centers, thanks in part to the abundance of site locations.
Office parks (such as Palm Bluffs Corporate Center, Shaw Gates Business Park, River Park Corporate Center, Maple Park Professional Center and the Woodward Centre) provide modern facilities with numerous amenities. There also are many manufacturing, distribution and warehouse facilities – including Sunland Business Park, Shaw Commerce Center, Freeway Industrial Park, the Del Monte Building, Fresno Industrial Park, Annadale Industrial Center, Nantucket Park Complex, Escalon Business Center and Las Palmas Industrial Park.