In the next year or two, the two-county region is more likely to experience high inflation than a return to low unemployment, says Jay Prag, a clinical professor at Claremont Graduate University. Nationally, he’s not encouraged by what he’s seen so far of the Biden Administration. Recovery from the pandemic-related …
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COVID-19 continued to take a bite out of the Inland Empire office market during the fourth quarter. The two-county region recorded negative absorption of 64,148 square feet and a vacancy rate of 10.1 percent, according to CBRE. Inland Empire East accounted for most of the occupancy loss throughout the year …
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The Town of Apple Valley has started two loan programs meant to help businesses hurt by COVID-19. The Microenterprise Assistance Program is designed for businesses with one to five employees, according to a statement on the town’s website. It offers grants up to $30,000 for backpay of rent and utilities, …
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John Shoemaker has been named manager of the Rancho Cucamonga Quakes, the Los Angeles Dodgers’ California League affiliate. Drafted by the Dodgers in the 35th round of the 1977 amateur draft, Shoemaker began his coaching career in 1981 as a hitting instructor with the then-Vero Beach Dodgers in the Florida …
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Jeffrey A. Van Wagenen Jr. has been named Riverside County chief executive officer. A 14-year county employee, Van Wagenen spent the last three years as assistant chief executive officer for seven public safety departments, according to a statement on the city’s website. Van Wagenen owned and operated a criminal law …
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In November 2020, 5.9 percent of all U.S. mortgages were at least 30 days past due, a year-over-year increase of two percent, according to data released earlier this week. That was the lowest delinquency rate recorded since March, Irvine-based CoreLogic reported in its monthly assessment of U.S. mortgage loans. Early-stage …
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IE Business Daily Business news for the Inland Empire.
