Inland Empire manufacturing stayed solid in May, growing for the ninth consecutive month. The region’s purchasing managers index last month was 62.4, down slightly from April but still well above the 50 benchmark that determines growth or no growth, according to data released Tuesday by the Institute of Applied Research …
Read More »Palm Springs street fair returns
Palm Springs VillageFest, the city’s Thursday night street fair that was suspended because of the pandemic, will resume July 1. With COVID-19 cases down, the city council voted May 27 to allow a smaller version of the popular street fair with safety protocols still in effect, according to a statement …
Read More »Riverside plastic recycling facility sold
An Ohio company has announced its plans to buy CarbonLITE’s PET recycling facility in Riverside. Evergreen, the plastic recycling division of Greenbridge in Mentor, Ohio, plans to buy the 220,000-square-foot facility at 875 Michigan Ave. for an undisclosed sum, according to a statement released Tuesday. Further details of the transaction …
Read More »County Executive Office releases 2022 budget
Riverside County’s executive office is recommending a $7 billion budget for fiscal year 2021-2022. Programs to be funded include social services, public works, community services, healthcare, and public safety, according to a statement on the county’s website. Approximately $950 million will cover general fund expenses, with $3 million designated for …
Read More »Home prices hit highest point in 16 years
U.S. home prices rose 13 percent in April year-over-year, the largest increase of that kind since February 2006. Not enough new houses are being built, combined with an ever-growing number of people who want to enter the housing market or purchase a “move-up” home, which continues to push home prices …
Read More »Riverside resumes in-person council meetings
The city of Riverside is resuming in-person city council meetings. Seating will still account for social distancing, and masks are still required. City officials are trying to make meetings more accessible to the public while continuing to observe required and recommended guidelines for slowing the spread of COVID-19. “The work …
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