U.S. consumers are expected to spend a record amount on back-to-school and back-to-college this year, according to a forecast. Back-to-school spending is expected to reach $41.5 billion in 2023, up from $36.9 billion last year and the most ever spent if the prediction holds true, according to the National Retail …
Read More »Costco to locate in Highland
Highland will soon have its first Costco Wholesale. The single-story facility will be built on 20 acres on the north side of Greenspot Road between the Foothill Freeway and Boulder Avenue, according to a statement on the city’s website. The site is now open space. A construction schedule has not …
Read More »Spirit of Entrepreneurship awards accepting nominations
Nominations are being accepted for the 2023 Spirit of the Entrepreneur Awards. The awards, presented by the Inland Empire Center for Entrepreneurship at Cal State San Bernardino, recognize the top businesses and business leaders in Riverside and San Bernardino counties during the past year. Nominees are judged based on innovation, …
Read More »Fontana apartment complex sold
A 25-unit apartment complex in Fontana has been sold for $6.3 million. Built-in 1973, the complex at 8919 Mango Ave. has one, two, and three-bedroom units with an average unit size of nearly 800 square feet, according to a statement. CBRE represented the buyer and the seller, both private entities …
Read More »Riverside County donates to MSJC
Riverside County has donated $2.5 million to the Mt. San Jacinto College Foundation, money the school will use to bolster its career and technical education programs. The donation from the county’s American Rescue Plan Act funds was arranged by Supervisor Chuck Washington, whose third district includes the community college’s Temecula Valley …
Read More »Yellow Corp. closes down
Yellow Corp., one of the largest freight-hauling operations in the United States, has shut down and will file for bankruptcy. The 99-year-old Nashville-based company shut down all operations Sunday and laid off 30,000 employees, according to multiple reports. Teamsters Union officials said they were told of Yellow Corp.’s plans on …
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IE Business Daily Business news for the Inland Empire.