The Inland Empire recorded a 5.4 percent unemployment rate in February, essentially unchanged from the previous month, according to the state Employment Development Department. Between January and February, total non-agricultural employment in Riverside and San Bernardino counties declined by 12,300 jobs, to 1,710,700 jobs, the department reported. Trade, transportation, and …
Read More »Pending homes sales decline
Pending home sales dropped 4.1 percent nationwide during the four weeks that ended April 12, the largest decline in four years, a recent study found. During that time, 43 of the 50 largest housing markets recorded a decline in pending home sales, a trend attributed in part to the economic …
Read More »Business pitch competition finalists named
Seven finalists will compete in the Greater Valley Innovation Showcase, a business-pitch competition scheduled to be held April 21 at the Palm Desert Entrepreneurial Resource Center. The Randall W. Lewis Center for Entrepreneurship at Cal State San Bernardino is sponsoring the event, during which each team will present an idea …
Read More »Futrell to leave Riverside
Riverside City Manager Mike Futrell is leaving the city to take the same position in Pasadena. Futrell, who has been Riverside’s top executive since January 2023, helped lead the city out of the post-pandemic era, while strengthening its finances, and reaffirming its AA+ credit rating, according to a statement on …
Read More »Palm Springs hopes assessment district will lure more visitors, fix its convention center
A city known around the world for its tourism wants to attract more conventions and more tourists. The Palm Springs City Council has approved a resolution of intention to create a Tourism Improvement District that will raise money to help pay for a $135 million renovation of the Palm Springs Convention …
Read More »Rialto Walmart is back in business
A Walmart in Rialto reopened April 10 following a remodel. The 40,000-square-foot store at 300 W. Base Line underwent several enhancements, including wider aisles, upgrades to its pharmacy and online delivery and pick-up service, and installation of signs, LED lighting and fixtures, according to a statement. “Our team worked hard, …
Read More »
IE Business Daily Business news for the Inland Empire.