- Economic Incentives
- Community Impact
- Control of Corporate Destiny
- Environmental Footprint
There are several economic reasons for your company to locate at RITEC.
The River Islands project is unique in that all the homeowners in the development will pay a $5000 per unit Economic Development Fee. Over $55 million will be generated by this Fee. This money can only be used at the request of the River Islands developer to offset the costs of employers in RITEC and the future River Islands Town Center. As one of the first companies in RITEC, you can request a contribution from this fund to help offset your costs of capital construction or start-up operations.
RITEC is located outside the current urban core. As a result certain costs of construction and operations are lower. With respect to construction, hook-up fees are minimal and are subject to negotiation with the River Islands master developer. The City fees associated with building your new offices may also be reduced as incentives for locating to the area. With respect to operations, studies have shown that employees are willing to accept reduced salaries in order to work in this area, as their cost of living is lower and their commute costs are reduced. Additionally, Lathrop Irrigation District is able to supply electricity at rates 20% to 40% lower rates than PG&E.
Lower costs! Why not act now?
Companies and schools today need more Internet, fiber and other communications capacity than ever before. To insure that our partner companies, our schools and institutions of higher learning have the capacity that their employees, students and instructors need, we have made available very high bandwidth options to the project. In providing options we provide a competitive environment with competitive choice resulting in fair pricing and higher quality of service for our partner companies, schools and institutions of higher learning. Three fiber optic based providers are building capacity into RITEC, with connections available to another seven providers through a fiber optic super pipe that is being installed to the project. What other location will allow you to choose between 10 or more telecom providers for price, service and redundancy/disaster recovery?
Why not take advantage of this capability now?
We offer an environment that integrates companies like yours, that are the thought and innovation leaders in their industries with the education system so that there is engagement on the part of the students with you and you with the students. The result is our student population is exposed to and embraces the products, processes, innovations and culture of your company and your employee base becomes engaged in mentorship of our youth. When this kind of investment is made by your employees, they become more productive as they give to the students, positively impacting the community.
When is the right time to start this involvement? Why not now?
We are located in the center of a region that is expected to grow by 4,000,000 people in the next 20 years. With limited capacity to expand in the current urban core employment centers of San Francisco, San Jose and Oakland this growth will take place in those areas that are within close proximity to these centers and offer companies a pro-business environment and their employees a quality of life that is equal to or better than what these urban core areas provide. When is the right time to position your company to be where the employees of the future, the employees who will be the drivers of the new products and innovations of the future will live?
Why not now?
Control of Corporate Destiny
We offer you as a company that is a thought and innovation leader in your industry sector a unique opportunity to truly control your own destiny with respect to the work and living environment you provide your employees.
We are fully entitled for Phase 1 of the project and offer you a streamlined approval process through the City of Lathrop.
We are fully self-contained and control the source of power, water, broadband, sewer and renewable energy for the project.
We are located in a region that offers reduced employment and operating costs.
An opportunity like this does not come along often. Why not take advantage of the opportunity we offer your company?
Commutes take their toll on your employees, their productivity, their emotional wellness and the environment.
When employees live within minutes of their offices, schools for their children, commercial areas where they can shop and meet others and recreation facilities where they can relax and unwind they are more productive, emotionally well and the environment benefits from their reduced environmental footprint.
We offer you and your employees both.
We provide you and your employees with the ability to purchase a home that meets individual income parameters in the River Islands at Lathrop master-planned community. Not only will commutes be eliminated, you will take pride in living in a community that is environmentally sensitive to the eco system and the river habitat because we have worked together in the spirit of cooperation with the environmental groups with a stake in protecting the environment and multiple species habitat.
Why not move forward on this now?
This is a time like no other. A time that presents us all with an opportunity to do something special that will positively impact not only our present community, but communities that may not be as fortunate as the ones we live and work in.
We offer you a place like no other. It is a place that offers companies like yours who are the thought and innovation leaders in technology and industry a place to do something unique and special that positively impacts a community as an economic engine to provide jobs, integrate with the school system to train the workers of tomorrow and provide employees with a place to live, play, work and thrive while positively impacting the environment!
Sounds bold? It is! But our hope is that you as an innovative company will see this vision, act on it and gain a competitive advantage because you will take advantage of this opportunity.
Why not NOW?