Central Valley Economy Receives Boost with New Funding

Friday, December 20, 2019

Central Valley Economy Receives Boost with New Funding

FRESNO – Today, Assemblymember Rudy Salas (D-Bakersfield) was recognized by the California Central Valley Economic Development Corporation (CCVEDC) for securing $40,000 in the 2019-2020 state budget to support regional economic development efforts by the CCVEDC.

 

“I’m pleased to play a key role in securing the resources that will allow the Valley collaborative to attract more businesses and good jobs to our area,” said Assemblymember Salas. “With this year’s budget supporting increased workforce training, families across the Valley will gain more skills that will help them obtain good-paying local jobs. I look forward to seeing the positive impact of CCVEDC’s economic programs on the Valley’s economy.”

 

The CCVEDC has been organized for more than thirty years and is a collaborative between the eight county-wide economic development entities in the San Joaquin Valley. The organization serves businesses and communities through economic development corporations in San Joaquin, Stanislaus, Merced, Madera, Fresno, Kings, Tulare, and Kern Counties. With increased funding, CCVEDC will greatly enhance their capabilities to serve the needs of local and regional businesses by increasing access to important workforce training.

 

“I am pleased that the California Central Valley Economic Development Corporation had the chance to recognize Assemblymember Salas during his presentation of the $40,000 investment in economic development for the Central Valley,” said Lance Lippincott, President/CEO of Kings Economic Development Corporation. “Assemblymember Salas really championed this investment, and his support was critical to the funding being awarded.  This funding will be utilized to attract new companies on a national and international level to the growing Central Valley economy.”

 

The CCVEDC continues to encourage economic development in the Central Valley which has incredible potential to be the next frontier for business development. While the region suffers from some of the highest unemployment rates in the state, there has been significant growth recently in several promising industries including manufacturing, healthcare, transportation, logistics, and energy. With increased funding secured by Assemblymember Salas, CCVEDC will be able to strengthen local jobs and improve the competitiveness of the Valley’s economy.

 

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Assemblymember Salas represents part of the City of Bakersfield, the cities of Arvin, Hanford, Corcoran, Delano, Lemoore, McFarland, Shafter, Wasco, and the communities of Armona, Avenal, Buttonwillow, Home Garden, Kettleman City, Lamont, Lost Hills, Stratford and Weedpatch.