Study by non-profit agency says the two-county region still has to recover most of the jobs it lost during the recession, and that could take a few more years That economic recovery you keep hearing about in the Inland Empire isn’t here yet, and it might not happen for a …
Read More »Drought-relief plan approved
The state legislature today overwhelmingly passed a $687 million drought-relief plan. The plan, which will now go to Gov. Jerry Brown’s desk, redirects money in the state budget and also draws funds from two previously approved bonds, according to a report originally published by Associated Press. Nearly $475 million in …
Read More »Report: Inland recovery still has a long way to go
The Inland Empire has regained about 40,000 of the estimated 147,000 jobs it lost during the economic downturn that started in 2007, including 14,000 jobs added last year, according to a report released Tuesday. But that study -the Los County Economic Development Corporation’s 2014-’15 Economic Forecast & Industry Outlook – …
Read More »Three years later, the absence of redevelopment is only starting to be felt.
Some California cities are still trying to determine what projects they can finish, while a harsh reality sinks in: nothing can replace redevelopment if a city’s goal is to replace blight. Sometime during the second half of this year, workers will begin widening the on-ramps and off-ramps at the Baseline-Interstate …
Read More »Local manufacturing stays on slow-growth path
Manufacturing in the Inland Empire held steady during January, as the two-county region continued to experience slow growth in that economic sector. The purchasing manager’s index for Riverside and San Bernardino counties last month was 51.9, a “slight decrease” from the 53.5 index recorded in December, according to Barbara Sirotnik, …
Read More »Inland Empire retail should hold its ground in 2014
Don’t look for much construction, but deals are out there, and absorption and lease rates should do at least as well as they did last year, according to analysts Despite an uncertain job market and a recession that won’t go away, 2014 should be a good year for retail in …
Read More »