One question hangs over the U.S. economy as 2023 gets underway: will there be a recession during the next 12 months, or will the economy grow and continue to add jobs? The answer to that inquiry rests almost entirely with the Federal Reserve, and to what extent it raises interest …
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Zak Schwank, a four-year member of the Temecula city council, has been named the city’s mayor for 2023, according to a statement on the city’s website. Schwank, who spent the last year as Mayor pro tem, was elected to his second four-year term in November. He was appointed unanimously to …
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Keith Alexander has been named chief of the San Manuel Band of Mission Indians’ fire department. A tribal employee for the last 21 years, Alexander will oversee the department’s day-to-day operations as well as its emergency medical services teams, according to a statement on the San Manuel website. “Keith has …
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A six-story Class A office building in Ontario has been sold for $39 million. Ontario Airport Tower was purchased by MGR Real Estate in Ontario, according to a statement released today by Newmark, a global commercial real estate firm that arranged financing for the transaction. Information about the seller …
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Norco has broken ground on “The Barn,” a 21,000-square-foot multipurpose building being developed inside the George Ingalls Event Center. The $3.5 million project will be owned and operated by Norco and be available for public and private gatherings, including weddings, expositions and business meetings, according to a statement on the …
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Inland Empire manufacturing is officially in decline. The region’s purchasing managers index in December was 47, the third consecutive month that number has been below 50, according to the Institute of Applied Research and Policy Analysis at Cal State San Bernardino. Three consecutive months above or below 50 establishes a …
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IE Business Daily Business news for the Inland Empire.
