HomeMy WebLinkAbout2/1/2012 - STAFF REPORTS - 0 COACHELLA VALLEY
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CVEP RETURN ON INVESTMENT (ROI) STATEMENT
Mission
Help companies grow the jobs and tax base of the region; develop a trained and educated workforce.
Period
July 1, 2011-December 31, 2011
• Company Client Cases Opened 92
• Companies Adding Jobs 32
• Total Direct Jobs 951
• Total Indirect Jobs 664
• Total Jobs; Direct& Indirect 1,615
• Economic Impact $110M+
• Total College Scholarship Recipients 430
• Total Career Academy High School Students 1,400
• Total College Scholarship Dollars $1.5m
Other Hichliahts
• Opened Rabobank Regional Business Center with 2,400 business visitors to date
• Retained 330 CareFusion jobs in Palm Springs
• Opened Coachella Valley Innovation Hub (CViHub) for clean technology companies
• Opened Coachella Valley Small Business Development Center(CVSBDC)
Why CVEP
• Post-RDA, CVEP is even more important to economic growth in the CV
• Post-RDA, there will be many projects and companies looking for other options—CVEP can
land some of them in CV
• Post-RDA, competitor states are intensifying business recruitment in California
Bottom Line
"In eliminating California's best economic growth tool for the past 40+years, Sacramento is telling us that
if we want to grow our economy, we will have to do it at the local level....CVEP is our vehicle in the
Coachella Valley." Tom Flavin, CVEP President&CEO
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