Findings and declarations.

Riverside Municipal Code § 2.51.020

in effect

2.51.020 - Findings and declarations. The City Council of the City finds and declares that: A. There exists within the City critical and persistent unemployment; this condition has adversely affected the economy of the City and the prosperity, health, welfare and safety of its inhabitants and their standard of living and has reached emergency proportions; the continuing decline in industrial employment within the City has contributed to this state of emergency and has been caused by the increased inefficiency, obsolescence and abandonment of many existing industrial and manufacturing facilities in the City; existing industrial and manufacturing enterprises would be induced to remain and expand in the City and new and varied enterprises would be induced to locate in the City if financial assistance were available to them; no reasonable mechanism exists for the provision of such financial assistance and thus no measure exists for the immediate alleviation of the critical problem of unemployment faced by the City. B. It is declared to be a public purpose and a municipal affair for the City to provide financial assistance to industrial and manufacturing enterprises to locate or remain in the City in order to mitigate unemployment and to develop and expand commerce and industry which is essential to the economic growth and stability of the City and to the full employment, prosperity, health, welfare and safety of its inhabitants. (Ord. 4976 § 1(b), 1981)

Source: City of Riverside, California, Municipal Code and City Charter (Municode Library, library.municode.com)URL: https://library.municode.com/ca/riverside/codes/code_of_ordinances?nodeId=PTIICOOR_TIT2ADPE_CH2.51ECDEAU_2.51.020FIDEFetched: 11/1/2026