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2005 AGN MAR 01 I10
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2005 March 01 Agenda Packet
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2005 AGN MAR 01 I10
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Over 55 yrs.: 12% <br />2003 Est. Median Age: 27.5 <br />Household Incomes (2003): <br />Over $75,000 16% <br />$50,000-$75,000 19% <br />$35,000-$50,000 19% <br />$15,000-$35,000 46% <br />2003 Est. Median Household Income: $38,449 <br />2003 Est. Average Household Size: 3.33 <br />2003 Est. Tenure of Occupied Housing Units: 15,127 <br />Owner Occupied 52% <br />Renter Occupied 48% <br />2003 Est. Average Travel Time to Work in Minutes: 29 <br />5. Economy: <br />Colton, strategically located at the juncture of the I-10 and I-215 freeways, is <br />located in the heart of the Inland Empire and is suited to serve the larger Southern <br />California marketplace. Colton offers tremendous freeway access, rail service <br />from both the Burlington Northern/Santa Fe and Union Pacific railroads, as well <br />as service from 9 major nearby truck terminals and over 80 independent trucking <br />firms. <br />Today, approximately 47,000 residents and over 2,000 businesses call Colton <br />"home." Colton offers a variety of housing choices from affordable entry-level <br />housing to executive homes and many "historic" <br />homes at very affordable prices. Median prices for existing single-family homes <br />are under $90,000 and new home median prices are well under $150,000. <br />Colton has a well balanced and diversified economy and is home to a variety of <br />manufacturing, service, retail and distribution companies including Con-Agra <br />Milling, Cal Portland Cement, McNeilus Truck, Williams Furnace, Telco Food <br />Products, Al's Garden Art, U.S. Xpress and Ashley Furniture. Colton is also the <br />corporate headquarters of Stater Brothers Markets, the largest private employer in <br />the Inland Empire, and is home to the new Arrowhead Regional Medical Center, a <br />state of the art medical facility. <br />With seven (7) redevelopment project areas, a State Enterprise Zone and a <br />Recycling Market Development Zone, Colton offers tremendous opportunities for <br />any new or expanding business. <br />� <br />
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