Capital Investment Incentive Program
Summary
Riverside wants a new tool to attract large manufacturers by rebating part of the city's property tax share for up to 15 years. Supporters say it brings jobs and investment; every deal would still need separate council approval.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Discussed at 1 meeting in the last 60 days; most recently Sep 17, 2026.
Impact analysis
No cost to adopt the program itself, but future deals could forgo some property tax revenue in exchange for jobs and investment.
Qualifying manufacturers and workers who land the new, higher-wage manufacturing jobs.
Critics of tax abatements might point to foregone property tax revenue, though no specific deal is on the table yet.
Mentions & discussions (1)
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