Riverside Public Utilities’ (RPU) Environmental and Economic Effectiveness Effort (E4) Plan has been honored by the California Association for Local Economic Development (CALED) in their 2011 Awards of Excellence Program.
Consisting of both private and public organizations, CALED is the premier statewide professional economic development organization dedicated to advancing its members’ ability to achieve excellence in delivering economic development services to their communities and business clients.
The utility’s E4 program received an Award of Merit from the group in the Economic Development Programs category, which recognizes outstanding and innovative programs that help manage resources while helping to carry out economic development policy in a progressive, timely, and cost effective manner.
Introduced last year, RPU’s E4 program fosters Riverside’s economic development by stabilizing utility rates, offering discounted economic development and business retention electric rates to large customers, encouraging expanded use of renewable energy technologies, and offering aggressive business incentives and energy efficiency programs.
To date, E4 has attracted or retained ten companies resulting in the creation of nearly 900 jobs while retaining 700 more.
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