The first example was initiated in August of 1998 and consisted of a direct public sector investment to the Inland Valley Development Agency (“IVDA") in the amount of $650,000.00.  The IVDA is the agency charged with the redevelopment of the former Norton AFB, now named the San Bernardino International Airport (“SBIA”).  This capital was utilized by the IVDA to fund projects in the area of infrastructure improvement.  The IVDA used the funds to widen and improve a main roadway through and around the former military base.  The IVDA stated that this infusement capital, referred to as the “Mill Street Project” lead the way to the development of several base land parcels both commercial and industrial.  The initial estimates for this development indicated a creation of over 500 jobs, but today the reality appears that well over one thousand new jobs were created by the Mill Street Project.

The money invested with the IVDA allowed the agency to fund its portion of a match grant.  Simply stated, the $650,000 capital invested was the “seed” money for millions of dollars of grant funds used to widen a road such that the land parcels could be used by the new businesses relocating to the former base.  CMB successfully used its investment to “multiply” the funds available to the IVDA for development.  The eventual outcome of this relatively small amount of investment capital was the generation of over a thousand new jobs.  The IVDA made every payment on time and even returned the entire invested capital before the six year termination point.  A Economic Modeling Report by a noted Inland Valley economist predicted the project would result in approximately 1200 jobs in 6-7 years.  Today (6-7 years later) there are over 1200 direct jobs alone.  The induced and indirect job total would be significantly more (see the map and enclosed letter).  CMB investments have continued to evolve providing an operating history of the CMB regional center. RIMS II  The IVDA has documented job creation that resulted from this investment which they have entitled the "Mill Street Project".  It is estimated that this project has generated over 1600 jobs to date and continues to be a factor in the ongoing economic development of the region. (see map) The second example consisted of a CMB private sector investment of $2 million in a company called Poly-Pacific International, Inc. (“Poly-Pacific”).  Poly-Pacific, a Canadian company, is involved in the manufacturing of plastic blasting media.  CMB negotiated with this company to move its manufacturing facility from Canada to California. As a result of CMB’s efforts, Poly-Pacific moved into the state of California creating new American manufacturing jobs.