Business View Magazine | October 2019

304 BUSINESS VIEW MAGAZINE OCTOBER 2019 commuting into our city, right now. In the past, we’ve relied on logistics as an economic driver, however, we’re starting to step away from that and pivot towards technology-based industries and clean-based energy. We also have a very large healthcare industry in our city; multiple hospitals employing thousands of people. And, as County Seat for Riverside County, we have a large swath of government workers here. Our economy is pretty robust.” Historically, Riverside used TIF (Tax Increment Financing) to fund infrastructure projects. Unfortunately, that tool was taken away when redevelopment programs were eliminated across the California. So, now the city is totally reliant on the general fund for infrastructure improvements. Freeman reports, “Money being tight, we’re in the process of bringing back the ‘diet soda’ version of our redevelopment program – Community Revitalization and Investment Authorities (CREA) – and those will help us to fund infrastructure such as parks, roads, community centers, libraries, pictured Riverside Alive Concept pictured Main Nine Lofts