San Marcos house businesses mean additional sales tax and utility tax revenue

Economic development is the revenue engine that needs to keep churning for the Citys long-term fiscal health. New businesses mean additional sales tax and utility tax revenue. New development means increased property taxes and related tax revenues. The attraction of large businesses, institutions or entities often acts as a catalyst for additional new retailers, restaurants and support services. The forthcoming arrival of Fuller Theological Seminary and its nearly 3,000 students, and the Maya Cinemas multiplex in Downtown Pomona are examples of significant investments that are likely to draw other businesses to the immediate area.

Has Pomona drawn new investment since the Great Recession breathed its last gasp? Absolutely. The Lewis Group of Companies Rio Rancho Towne Center in District 2 is the best example of a well designed, successful commercial project in Pomona in years. Avendale, The Crossings and The Palms at Phillips Ranch are the first new residential projects in District 5 in over 25 years. Other residential, commercial and industrial projects have been completed in various other parts of the City.

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