July Newsletter

Accreditation, Regional Brand, and Sponsorships

AEDO Accreditation Last month, we shared about the accreditation site visit as we worked to become an accredited economic development organization (AEDO). We received wonderful feedback, and we were just waiting for the committee review and vote.  If you're a board director, you already heard the good news, but I am delighted to share with everyone that we were approved and are now a fully accredited economic development organization. We are only the second in the state of California to achieve this and one of fewer than 80 in the entire country... There are over 6,000 EDOs in the country, so this is a big deal! This was a team effort and took the work of our directors, members, and community stakeholders who took part in every step of this process, from our strategic planning sessions, the site visit, and the work that we all do together every day.  We have a press release drafted and ready, but we wanted to wait one more big thing before we send that out...read on to find out what that is! Regional Brand Update For those of you who have been a member of the EDC for a while, you are probably familiar with our attempts at branding and rebranding the region and the EDC. From Southwest Riverside County, Valley of Innovation, and more, we have struggled to clearly articulate who we are, where we are, and our value proposition.  It has been a priority of the organization for the past several years to finally land on a brand that can tell anyone in the world where we are and give us a way to market the region effectively.  For the past year, we have been working with the cities in the region, the County, site selectors, and local business leaders to hone this new brand. We are in the final stretch and are hard at work on updating the website, our emails, our social channels, letterhead, and everything else we do to reflect this new brand.   In the coming weeks, please watch for updates that will share our new email addresses, website, social handles, and logos. We'd also love to feature photos and videos of the region and your businesses. If you have high-resolution content that you'd like us to use, please email that to Connie at [email protected] I want to thank everyone who has helped on this process. As anyone who has gone through a branding effort knows, it is so difficult to find logos and colors that resonate with everyone and that everyone feels authentically represents their piece of this beautifully diverse region.   With that said, I feel very excited to finaly have something that we can use to tell the world why this is an incredible place to live and do business. I hope you'll join us in sharing our excitment when it offically launches soon! Once that is launched, we'll be sharing the news about our accreditation along with our new name and logo!  July is usually a quiet month for us, but it's proving to be a big one this year!   2025-2026 Memberships and Sponsorships It's that time of year again. July marks the start of our new fiscal year, and when we send out invoices to all our members. This is also a time when I want to reiterate our appreciation for all of the support we receive from our members. Not only in financial support, but also in advocacy for the EDC throughout the state and collaboration on all the work that we do to support the region. If you did not receive your invoice or would like to add a sponsorship or increase your membership level, please let me know. Every dollar invested in the EDC is a dollar invested in the economic strength of the region.  Annual sponsorships are a key way we are able to extend and expand our business attraction efforts every year. From the FAM tour, trade missions, site visits, the board retreat, and more, sponsorships are a key resource for the EDC to expand our reach globally.  It is also a great way for your to highlight your business through increased visibility on our website, social media, and event materials throughout the year.  If you are interested in enhancing your membership and further supporting our economic development efforts for the region, please reach out today.   We'd like to thank SoCal Gas for being the first 2025-2026 Annual Sponsor!! Join Neighborhood Healthcare for the State of Community Health California Competes Tax Credit The California Competes Tax Credit (CCTC) is an income tax credit available to businesses that plan to locate or expand in California and create quality, full-time jobs that might not otherwise be created by the applicant or any other business. Application Periods: A total of $922,694,691 in California Competes Tax Credit is available for allocation in the 2025-2026 fiscal year. Applications for the California Competes Tax Credit will be accepted online at calcompetes.ca.gov during the following periods: July 21, 2025, through August 11, 2025 ($308 million in tax credits available) January 5, 2026, through January 26, 2026 ($308 million in tax credits available) March 2, 2026, through March 16, 2026 ($306.6 million in tax credits available plus any remaining unallocated amounts from the previous application periods GO-Biz is hosting informational webinars on the California Competes Tax Credit (CCTC). For Businesses: Learn how your business can apply for tax credits to support growth and job creation. The next webinar is scheduled for  July 31st. Registration links and additional details are available here: Link. For those that are not able to join, kindly review the California Competes Application Workshop FY25-26. Neighborhood Healthcare Annual Gala EDC Board Meetings Our next board meeting will be August 7th. We'll be welcoming Sania Kuriakos, Business Specialist with the California Department of Rehabilitation. She'll be sharing programs and opportunities for businesses to collaborate with the Department of Rehabilitation to find qualified, talented employees.  We hope to see you there! Thank ou to our sponsors! Contact Us   Connie Stopher, CEcD Email: [email protected] Office: 951-694-9800 Cell: 951-557-8040 Economic Development Coalition, P.O. Box 1388. Temecula, CA 92593 Site Address: 43200 Business Park Drive, Temecula, CA 92590, United States Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.

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