Eastvale, CA – The City of Eastvale explored a financial priorities discussion with the City Council and the community to gain a better understanding on what and when the community desired the City to deliver enhanced services, programs, and projects such as a Civic Center (City Hall and Public Library), Enhanced Public Safety (Law Enforcement and Fire Services), and infrastructure (roads, trails, traffic signal synchronization, etc.).
At the City Council Meeting on Wednesday, September 25, 2019, the City Council provided direction to focus on Economic Development to enhance revenues to provide services to the community. The City Council also provided direction to not pursue a sales tax measure on the ballot at this time. As a result, the City Council approved a Business Incentive Loan Policy to help attract and expand businesses within Eastvale.
In Eastvale, there is a $71-million-dollar sales tax leakage in the food and beverage industry, which equates to approximately $713,000 in potential sales tax revenue each year; if each dollar spent is taxable. When residents are eating outside of our city, that money is going to other communities and contributing to services those cities provide for their residents. We want to create opportunities for our residents to stay in Eastvale and eat local. The City also has an opportunity to create unique dining experiences that help attract others from throughout the region.
In order to capture that potential revenue, the City will need to enhance and diversify restaurant choices and options. In our recent Community Satisfaction Study, when residents were asked what would enhance the quality of life for them, elevating dining was one of the top responses. It is the City’s goal to create a food destination and experiences. In addition to attracting and recruiting restaurants to Eastvale, the City of Eastvale is committed to recruiting businesses that will create a broad base of revenue for our city by means of sales tax, property tax, transient occupancy tax, and job creation. These revenues can allow the City to enhance and provide our residents with quality services they need and deserve.
The City of Eastvale is also thrilled to share we have several new restaurants and a hotel opening within our city and we will have many more to announce in the coming months. The City Council Restaurant Ad-Hoc Committee and City staff are working collaboratively with our development and broker community to recruit and attract restaurants that will exceed Eastvale’s expectations.
The City of Eastvale’s strategic plan can be found at: http://bit.ly/eastvale-strategic-plan.
About the City of Eastvale
The City of Eastvale was founded on October 1, 2010 as an independent local government agency, governed by a five-member, elected City Council. The City of Eastvale serves over 73,700 residents and encompasses 13.1 square-miles in western Riverside County. The City is strategically poised between Interstate 15 and California State Routes 91, 60, and 71, making access easy for residents, visitors and businesses alike. Eastvale is a young and dynamic community filled with economic opportunity, tremendous growth, and strong values. For more information on the City of Eastvale, please visit: www.EastvaleCA.gov