Forty eight percent of Inland Empire households could afford the median price of a single-family home in the region – $297,850 – during the first quarter of this year, according to data released Tuesday. That was a three percent improvement compared with the fourth quarter of 2015 but was essentially …
Read More »Desert Trip Show Means $$$ for Coachella Valley
October’s Desert Trip rock concert in Indio – which some are calling the most significant event of its kind since Woodstock in 1969 – has been expanded to two weekends. Not only does that mean more music from The Rolling Stones, Paul McCartney, Bob Dylan, Neil Young, Roger Waters and …
Read More »AQMD to Test Zero-Emissions Trucks
The South Coast Air Quality Management District has been awarded $23.6 million from the state of California to conduct a demonstration of zero-emissions trucks that operate out of the ports of Los Angeles and Long Beach. The district, whose territory includes the Inland Empire, is teaming up with air quality …
Read More »Menifee to Get Drive-In Restaurant
Sonic, the drive-in restaurant chain, is coming to Menifee. The company will open its first restaurant in the city at the southwest corner of Newport and Haun roads, probably within two months, said Scott Forest, senior vice president with WestMar Commercial Real Estate in Temecula. The restaurant, which is under …
Read More »Recession was a Boom Time for Hispanic-Owned Businesses in the Inland Empire
A study by UC Riverside shows that Hispanic-owned businesses grew dramatically in the two-county region during the worst of the economic slowdown. Many of them have only a handful of employees, but the trend was still positive for the region. Everyone agrees that the Inland Empire took a major hit …
Read More »Job Market Slows
The U.S. economy added 160,000 non-agricultural jobs in April, a decent showing but a slowdown compared with the previous six months. Nationwide, the unemployment rate remained at five percent last month, according to the U.S. Department of Labor’s monthly jobs report, which was released Friday. The department also revised down …
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