Thursday, January 2, 2014
“The China Connection” The Antelope Valley and Other US Cities recent Growth has been from Chinese Nationals and Chinese Business Investment
Mayors across the US have been wooing the Chinese for Investment in their cities. Just recently the NY Times reported that the Mayor of Toledo Ohio has made a trip a year to China the past four years, and Chinese Companies have paid $10 million in investment to hotels, restaurants and purchased land their. At the same time Mayor Rex Parris has taken numerous trips to China, and has talked about opening an office in Beijing. BYD has taken to Lancaster with their Electric Bus plant located at Sierra Hwy and Ave H. The city is hoping for 1,000 of jobs and millions in future tax revenue on the deal. BYD has had some labor relations issues recently, but the mayor thinks those issues can be fixed easily. Despite the issues, The LA Times reported that Mayor Parris remains upbeat about BYD, and hints at negotiations with another Chinese company that he said is "much bigger in scope" compared with BYD. A deal could be announced within the next year, he said. California is ranked fifth in investment from Chinese firms in the US(LA Times reports), and it looks like Southern California is getting their share of that investment. The small individual Chinese Investor has been investing in Lancaster and Palmdale, Ca. A lot of the property that has changed hands the last year or so has a foreign address according to information we get from LA County tax records. Individual Chinese investors are buying land directly through Brokerages in Antelope Valley and from LA County land owners. Without this foreign investment the land market could be as dry as the land. We at vacantlanddeals.com also have connections to land owners and the individual Chinese Investors, so if you are looking to sell you land then come to us and we can connect you with a cash investor.