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Murrieta focuses on creating eco-system for entrepreneurship

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The Murrieta City Council has identified economic development as the city’s key priority and is the key focus of the city’s new General Plan, which designated land along Interstate 15 and Interstate 215 for the development of technology parks.

As the country slowly emerges from the recession, Murrieta is focusing on planning for its future, rather than just waiting for the future to happen. The city understands that it offers a number of assets, including its strategic location at the intersection of I-15 and 215 — central to all of Southern California. The city is midway between Greater Los Angeles/Orange County and San Diego, offers a highly educated work force, available land for Class A office parks, excellent schools and an outstanding quality of life.

A key component of Murrieta’s economic development strategy is focused on promoting the growth of a regional “eco-system” for entrepreneurship. The city supported the creation of a Murrieta/Temecula Angel Capital Investment Group, which is composed of members with experience in finance, technology, legal, sales/marketing, and business planning. The group invests in local companies and works to stimulate business growth in Murrieta/Temecula.

Murrieta has created a working relationship with the School of Engineering at University of California, Riverside to promote the commercialization of technology in the Murrieta area and has worked with UCR to facilitate the expansion of Murrieta’s water technology industry.

The city of Murrieta Economic Development Department has assisted TriTech Small Business Development Center to locate their regional office in Murrieta at Rabobank. TriTech SBDC promotes the development of high growth, high technology companies in Southern California. It assists entrepreneurs to commercialize new technologies, and identify capital and knowledge resources at no cost to the businesses, since TriTech is funded through a grant from the Small Business Association. Murrieta City Manager Rick Dudley noted that “the City Council is focused on promoting economic development and the expansion of startup technology companies in the community, and TriTech SBDC perfectly fits the bill since it has a focus on high tech companies.”

The Murrieta CoWorking Connection was opened last year by Murrieta entrepreneur, Dione Moser, at 25185 Madison Avenue, Suite A, in Murrieta. The CoWorking Connection offers 5,000 square feet of productive, flexible workspace, conference rooms and high-speed Verizon FIOS internet for a variety of price packages.

Co-working is a style of work that involves a shared working environment. The concept is popular with work-at-home professionals, independent contractors and those who want to work with other talented people.

Murrieta has also encouraged the establishment of the Murrieta/Temecula Valley Innovators. Murrieta hosts the monthly meetings of the new group, which consists of inventors, entrepreneurs, artisans and investors. Their objective is to create a local community of startup specialists and who value a “startup culture.” Valley Innovators is exploring opportunities to create a prototyping shop.

“Murrieta is a highly entrepreneurial community, with a well educated population. The city of Murrieta recognizes the importance of encouraging the growth of startup technology companies and is focused on supporting such business growth,” said Kim Davidson, business development manager at the city of Murrieta.

The city’s Economic Development Department also hosts monthly Business Roundtables in conjunction with the nonprofit SCORE, where businesses can talk with their peers about issues that they are facing as business owners. Monthly “meetups” are also conducted by the Murrieta/Temecula Valley Software Developers, which is an informal gathering of Twin Cities technology entrepreneurs who share knowledge and experiences, while they brainstorm and mentor. The meetings are held weekly in Murrieta.

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