By Jennifer Food Processing 0 Comments

Ruiz Foods expansion, Best Buy deal among good news for Dinuba

published on June 23, 2017
Written by David Castellon

The summer is starting well for Dinuba’s economy, as the city has attracted a large printing and direct-mail business, will see Ruiz Foods expand and inked a new sales tax-sharing deal with its Best Buy Co. distribution center.

Under that 45-year deal, the city’s portion of the electronic giant’s online sales fulfilled from its West Coast distribution center in Dinuba will increase from about $5 million annually to $8 million.

“Sales tax makes up 41 percent of the city’s General Fund revenues. Now a new deal stabilizes the amount and grows it as online sales grow. Above a certain amount the city and Best Buy share sales tax 50-50,” City Manager Luis Patlan states in a press release.

The release doesn’t offer a more detailed explanation of the deal.

“An $8 million nugget every year should make a big impact in a town that as recently as 2014 had sales tax revenue of only $3.3 million from all sources,” the press release continues.

Best Buy has reported that its first-quarter e-commerce sales for 2017 were up by a dramatic 22.5 percent compared to the first three months of last year.

E-commerce comprises about 13 percent of Best Buy’s domestic sales.

In other good news for the city, Woodside Homes is developing new homes on 107 parcels at the planned Ridge Creek Ranch subdivision, near Ridge Creek Golf Club.

Model homes are scheduled to open in July.

In addition, the former Kmart department store at in the 2000 block of East El Monte Way is being remodeled for a new tenant, a Fitness Evolution gym, Dinuba officials report.

http://thebusinessjournal.com/ruiz-foods-expansion-best-buy-deal-among-good-news-dinuba/

 

By Jennifer New Location • Renewable Energy 0 Comments

Nemat Inc. Unveiling Solar System for Industrial Application

What: Grand Opening of Nemat Inc.’s, Lean Solar Company and the unveiling of their 150 KW pilot solar system
When: 10 a.m., Friday, July 14th
​Where: Nemat Inc. – 19225 Road 24, Madera, CA 93638

(Madera, California) – Nemat Inc. is unveiling a 150 KW-DC solar system at their headquarters facility in Madera, CA. Owner Mike Nemat will also be celebrating the Grand Opening of his new company, Lean Solar. Lean Solar is a developer, manufacturer, and installer of “turnkey” high quality modular ground-mount solar systems for industrial applications. Nemat says his solar system is 30% less than market price and will save customers up to 70% of their energy costs. The system is an ownership program. Nemat is also considering offering financing programs with a 5-6 year purchase option. The down payment can be covered by a 30% tax credit offered by the federal government.

Lean Solar manages the entire project including; concept design, system design, municipalities permit process, manufacturing, installation, and interconnection with utility companies. The entire project is implemented in 45-60 days. This is achieved through their modular design and manufacturing, as well as pre-assembled installation. The system is designed and made in the USA and has a 20 year warranty.

The new venture will expand their operations in Madera and double their employment of 35.