FEBRUARY 2013
Vol. 7, Number 2
MCEDC logo
Madera County E-BIZ

Welcome to Madera County Economic Development’s E-BIZ! On a monthly basis, our online Newsletter covers important local, regional and national news that impacts our local economy.  E-BIZ reports on new projects and events in our cities and towns and keeps readers up to date on the state of the region’s economy.  News about your business is always welcome.

Please send items, questions, comments, or suggestions to the Madera County EDC at info@maderacountyedc.com or visit our Web site at maderacountyedc.com

SAVE THE DATE

Attention Manufacturers - GMCIA Meeting
Wednesday, Feb. 13th, 2013 at 7AM

Location: Hampton Inn

GMCIA LogoMadera Manufacturers, please attend the upcoming Greater Madera County Industrial Association (GMCIA) meeting on February 13, 2013 at 7AM, located at the Hampton Inn.

For more information, contact Lois Grow at 559-675-7768

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MCEDC State of the County Event
Sponsored by Comcast
Wednesday March 20, 2013 from 11:30-1:30
Madera Municipal Golf Course

Speakers will be Max Rodriguez, Chairman, Madera County Board of Supervisors; Robert Poythress, Mayor, City of Madera; Dennis Hayworth, Mayor, City of Chowchilla.

Contact Madera County EDC 675-7768 to reserve your seat for $30 or email lgrow@maderacountyedc.com

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Chowchilla- Madera County Fair
"Rides, Slides and Cow Hides"
May 16-19, 2013
Chowchilla Fair

Exhibitor Handbooks will be available Friday March 1st
For more information please visit www.chowchillafair.org

 

 

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Featured Properties

Former Prices Building in Madera
120 Dwyer Ave.

321 Prosperity Blvd. Chowchilla, CA

  • Zoning: Commercial
  • Size: 9,285 sq. ft. + basement
  • Basement size: 9,285 sq. ft.
  • Description: This site has great visibility and is located on a highly traveled business corridor.
  • Status: Lease
  • Price: $7,500/month ($0.82 a sq. ft.)

For more information please call Kristen Price at (559)474-1600
Click here for a floor plan

For a listing of available Madera County industrial and commercial properties please click here.

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"NEW" Madera County Industry Statistics– 4th Quarter

Total Base
(Sq. Ft.)
Total Vacancy
(Sq. Ft.)
Vacancy Rate Avg. Asking
Rental Rate
7,042,114 276,668 SF 3.86% $0.38

Click here for the full report

2012 Absorption Leads to Tight Market Conditions For 2013
TK Consulting

The Madera Industrial rate ticked down once again to end the year at 3.86 percent compared to 8.93 percent a year ago. Asking rents increased two cents, from the end of the third quarter, to $0.38 per square foot. Read more.

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December 2012 Unemployment Rate

October 2012 Madera COunty Unemploment Rate

December 2012 Unemployment Rate

  • Madera County 13.9%
  • Central Valley (Avg.) 14.9%
  • California 9.7%

For Madera County cities and Census Designated Places click here.
*Central Valley counties include: San Joaquin, Stanislaus, Merced, Madera, Fresno, Tulare, Kings & Kern
Source: www.labormarketinfo.edd.ca.gov

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LOCAL NEWS

Nemat Inc. is launching "Made in USA" consumer products Mighty Mount, television mounting solution is their first launch
MCEDC Press Release

Dollar GeneralNemat Inc. established in 1994, is owned by Engineering and Management Consultant, Mike Nemat. Nemat is currently in the process of developing and manufacturing a collection of products that are entirely made and crafted in the USA. Nemat's focus is to offer the consumer market, quality products that are made in the USA. The motivation behind this USA dedicated product launch is to keep and increase manufacturing jobs in the San Joaquin Valley. For more information please visit the Nemat Inc. website.

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Oakhurst Denny's will open with 50 employees in May
Madera County LogoSierra Star

After 28 years, Bob and Ruth Hillyard will be locking the front door of the Ol' Kettle Restaurant for the last time. The restaurant has been sold to Dave and Sunita Sagar who will transform the restaurant into a Denny's. Dave is the president of Sagar Diner Inc. In the past five years the company has acquired 18 restaurants including a number of Denny's, Baja Fresh and Jack in the Box outlets. Read more.

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Oakhurst couple opening microbrewery and restaurantmadera businesses
Business Journal

Casey Hawkins made it a point to bring a quality microbrewery and restaurant to the Oakhurst community he'd grown to love and he and his wife will open the Southgate Brewing Company in late March. The brewery will be at a 2,900 square-foot location at 40233 Enterprise Dr. in Oakhurst and have its food locally sourced. Read more and visit their website

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High Speed Rail Authority settles case with Chowchilla
Merced Sun Star

The California High-Speed Rail Authority announced a settlement with the City of Chowchilla, ending one of several environmental lawsuits challenging the proposed location of the fast train. Under the settlement, the authority has agreed not to build along Highway 99 through the middle of Chowchilla, said City Administrator Mark Lewis. Read more.

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STATE NEWS

Rust Belt is still the heart of U.S. manufacturing
Central Valley Business Times

  • Commerce Department report details where manufacturing is concentrated
  • California is both the giant and a no-show

There is plenty of manufacturing life in the so-called "Rust Belt' of the Midwest, according to a new report from the U.S. Department of Commerce. California is the state with the largest manufacturing economy in an absolute sense, as it alone accounted for 13.4 percent of all compensation earned by manufacturing workers and 11 percent of all U.S. manufacturing jobs in 2010. But California pales when compared to the Rust Belt when it comes to percentages of its counties' economies that derive much of their economic life from manufacturing. Read more.

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RESOURCES

Recycle Marketing Development Zone

The Madera County Economic Development Commission administers a Revolving Loan Program that provides direct loans to eligible businesses and nonprofit organizations that manufacture recycled raw material, produce new recycled products, or reduce waste resulting from the manufacture of a product. These loans promote market development for post-consumer and secondary waste materials. Funding from the program can be used to acquire equipment, make leasehold improvements, purchase recycled raw materials, purchase inventory, or acquire owner-occupied commercial property (limited to $500,000).

For more information please email Diannah Thomas at dthomas@maderacountyedc.com

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Central Valley New Markets Tax Credit Fund (CVNMTC)

CVNMTC is a certified community development entity (CDE) that uses the federal New Markets Tax Credit program to foster economic development in economically distressed neighborhoods throughout the Central Valley of California, and are specifically designated for Madera County.

Focusing on economic, social and environmental returns, CVNMTC looks to finance those projects which demonstrate the highest community development outcomes. This means job creation, community services, cleaner air and water, increased housing opportunities and more access to health care and education. Their targeted borrowers include, but are not limited to, non-profit organizations, public/private partnerships, established development companies and minority-owned enterprises.

For more information call 559-264-5000 or visit their website.

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LOST YOUR JOB? You may be eligible for the Dislocated Worker Program.

The Madera County Workforce Development Office provides employment and training services to assist individuals in getting back to work. For more information please call Rose Deleon or Kathleen Hallert at 559-662-4500.

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Resource links for financial aid and business advice

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In This Issue


 
Buy Local

Sierra Nevada GeoTourism

YouTube

Pomegranate festival

pomegranate festival


Tools For Business

Bobby Kahn, Executive Director
Madera County EDC