According to information research firm Association for Information and Image Management (AIIM), 50 percent of all American businesses still use antiquated manual processes to manage their accounts receivable; sticky notes, spreadsheets and other outmoded accounting tools are still part of their billing and collections systems. Some business owners may believe …
Read More »Ballot Measure Aims to Increase Public Safety
Hemet’s Measure E is a proposed one percent sales tax that would pay for more police, firefighters and paramedics. Proponents say the extra manpower is needed because the city’s crime rate is going up, but critics say the tax could hurt the city’s economy. Hemet voters will decide tomorrow whether they …
Read More »Job Market Hits a Bump in the Road
The U.S. job market stalled last month, adding only 38,000 jobs, according to data released Friday. Despite that, the national unemployment rate dropped to 4.7 percent, down from five percent in April, the U.S. Department of Labor stated in its monthly jobs report. The new jobs number was reportedly the …
Read More »Large Multifamily Project Sells
One of the largest multifamily communities in the Inland Empire has been sold. Terracina Apartment Homes, a 736-unit project in Ontario, sold for $142.1 million, according to a statement by Marcus & Millichap. The sale, which works out to more than $193,000 per unit, was announced Thursday. The transaction was …
Read More »On The Move
Gene Valdez has left Citizens Business Bank to join the private sector. Valdez, who has worked in banking for approximately 30 years, stepped down May 11 as senior vice president and business center manager with the Ontario-based bank, according to a statement he released. Valdez is now operating The CEO …
Read More »On The Move
Gil Salazar has been named vice president of information technology for Stater Bros. Markets. A 27-year veteran of the IT field, Salazar has worked for Hyundai Capital America, Ford Motor Credit, Partners Consulting and ConAgra Foods Inc. according to a statement. Salazar began his new position Tuesday. “We are pleased …
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