Listen: Micah Runner, Deputy City Manager of Rancho Cordova
The Rancho Cordova City Council voted to launch an investment fund to catalyze more than 25 fast-growing companies to the city. The fund is one of an increasing number of public and private capital sources available to businesses in the region.
The new City of Rancho Cordova fund will grant $2.5 million to companies operating in the city over the next 24 months and is expected to generate $60 million in total payroll and more than $400,000 in new tax revenue annually. Rancho Cordova offers many advantages to businesses that want to be located within the Northern California Megaregion such as low office lease rates, which average $22.77 per square foot per year versus $68.03 in San Francisco.
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