According to city officials, 2017 was a productive year for Moreno Valley, particularly regarding its economy.
Mayor Yxstian Gutierrez and the city council established priorities focused on creating jobs, attracting new businesses, encouraging development, supporting existing business expansion, and developing workforce readiness for new employment opportunities.
City officials’ focus on these priorities began to pay dividends in 2017. Moreno Valley’s new business licenses increased by 10.2 percent in 2017, with more than 14,000 new jobs created over the last four years.
With the city’s strong growth in the commercial, hospitality, and industrial sectors in 2017, private development invested more than $400 million in new businesses and construction projects in Moreno Valley. Included among the many businesses that put down roots last year were the Café Rio Restaurant, Cajun Wild Restaurant, Paris House of Crepes, Pieology, Authentic Cutz Barbershp, Karma Automotive, Miniso, and Organic Nail Bar.
Gutierrez shared his commitment to sustaining the City’s strong economic development efforts. “As Mayor and as a former business owner, I am proud of the successes experienced by Moreno Valley businesses and developers.” He added, “I continue to prioritize opportunities for bringing more jobs and private investment to our community. Working with our corporate citizens and small businesses, we are demonstrating Moreno Valley’s commitment to our businesses success and our job growth.”
Moreno Valley is expecting 2018 to be another strong year for business and the local economy. Businesses expected to open new facilities in the city this year include Hyundai of Moreno Valley, Residence Inn by Marriott, Holiday Inn Express, Fairfield Inn & Suites, Coffee Bean & Tea Leaf, Fat Burger, Waba Grill and Sit ‘n Sleep among others.