Federal Reserve Bank of San Francisco Visits ENC, Highlighting
Economic Growth and American Manufacturing in the Inland Empire
RIVERSIDE, CALIFORNIA, USA – May 1, 2026 – ENC® (“ENC” or the “Company”), a U.S.-based transit bus manufacturer and subsidiary of Rivaz Inc., today welcomed the Federal Reserve Bank of San Francisco (“SF Fed”), for a tour of the Company’s 227,000-square-foot manufacturing facility in Jurupa Valley.
The visit is part of the SF Fed’s ongoing engagement with major employers and industries across Southern California, and the western U.S. more broadly, to better understand regional economic conditions and business outlook.
Hosted by Company executives, the tour provided a firsthand look at how federal transit investments translate into skilled jobs, domestic manufacturing capacity, and economic activity in the Inland Empire. Visitors from the SF Fed toured ENC’s production floor, observing the end-to-end bus manufacturing process, from welding and painting to final assembly and testing.
According to the American Public Transportation Association (“APTA”), 77% of federal public transportation investment flows directly to American businesses, supporting manufacturers, small suppliers, and job creation in communities across the country.¹ Federal transit funding reaches more than 3,000 suppliers in 50 states and Washington, D.C.
ENC, with suppliers in more than 30 U.S. states, is a direct example of how those investments strengthen domestic supply chains and create family-wage jobs.
Since assuming ownership of ENC in 2024, Rivaz has invested more than $50 million in facility upgrades, workforce development and upskilling, and planned expansions. The Company currently employs approximately 230 people at its Jurupa Valley facility, with a pathway to approximately 500 jobs at full production capacity.
“We were honored to welcome the Federal Reserve Bank of San Francisco to our facility,” said Jason Lee, Chief Executive Officer of ENC. “ENC represents more than 50 years of American transit manufacturing, and every bus we build here creates ripple effects: skilled jobs in Riverside, demand for domestic suppliers in more than 30 states, and reliable transit for communities nationwide. We are proud to show that story firsthand.”
“Our investments in expanded capacity and workforce training are about more than building buses – they are about building long-term economic strength in this region,” said John Obert, Vice President of Transit Sales at ENC. “The SF Fed’s visit reflects the growing recognition that American transit manufacturing is essential infrastructure, and ENC is proud to be leading that effort from right here in the Inland Empire.”
ENC’s Jurupa Valley campus spans 17 acres and operates as an ISO 9001-certified manufacturing facility. Every vehicle produced is designed to meet federal Buy America requirements, ensuring that transit agency investments support California workers and California manufacturing. All models are Altoona-tested and FTA-approved.
ENC’s Buy America-compliant transit buses are available in 30-, 32-, 33-, 35-, and 40-foot configurations, offering fleet operators comprehensive sizing flexibility. Propulsion options include clean diesel, compressed natural gas, diesel-electric hybrid, and battery-electric configurations. Each model meets full ADA compliance and offers configurable floorplans with comprehensive mobility features designed to serve diverse community needs.
For agencies seeking a mid-size solution, ENC’s E-Z Rider II® delivers operational versatility in 30-, 32-, and 35-foot configurations. It features a distinctive swept windshield design for enhanced driver visibility and ADA-compliant wheelchair accessibility at multiple door locations. ENC’s buses are proudly manufactured end-to-end in Riverside, California. Learn more about ENC’s full product offering at eldorado-ca.com.
ABOUT ENC®
Founded in 1975, ENC is a leading U.S. heavy-duty transit bus manufacturer with over 50 years of experience delivering safe and reliable Altoona-tested vehicles. Headquartered in Riverside, California, ENC manufactures every vehicle end-to-end in the United States and offers one of the industry’s most comprehensive propulsion portfolios, including battery-electric, clean diesel, hybrid, and compressed natural gas buses in multiple configurations.
ENC is an approved Transit Vehicle Manufacturer (“TVM”) under the Federal Transit Administration, with all buses designed to meet federal Buy America requirements.
A subsidiary of Rivaz, Inc., ENC is committed to revitalizing American transit manufacturing and supporting public agencies and transit operators with a commitment to customer service, innovative products, and stable supply. To learn more, visit eldorado-ca.com.
FORWARD LOOKING STATEMENTS AND DISCLAIMERS
This press release contains forward-looking statements about ENC’s production plans and market positioning, which reflect its current expectations, estimates, and projections about its business based on currently available information and assumptions made by management. These statements are not guarantees of future performance, and involve risks, uncertainties, and assumptions that are difficult to predict. Actual outcomes and results may differ materially from what is expressed or forecasted herein.
References to “clean diesel,” “zero-emission,” or other environmental benefits are based on ENC’s internal assessments and industry standards. These claims are intended to describe the potential environmental benefits of ENC’s products and are not guarantees of specific environmental outcomes. Actual results may vary based on a variety of factors, including but not limited to, usage patterns, maintenance practices, and regulatory changes.
Claims that vehicles are manufactured “end-to-end” at ENC’s Riverside, California manufacturing facility means final assembly and significant processing occur at our facility in Riverside, California, and products may use both domestic and imported components. Specific domestic content percentages vary by model and are available upon request.
Statements regarding compliance with “Buy America,” “FTA,” and “Altoona-tested” standards are based on ENC’s current understanding and interpretation of applicable regulations. These statements are subject to change based on future regulatory developments and interpretations. ENC advises customers to verify compliance status at the time of purchase.
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