Ontario-based Citizens Business Bank has completed its merger with County Commerce Bank in Ventura County. The transaction, which was announced in October, was officially completed Monday, according to a statement by CVB Financial Corp., Citizens Business Bank’s holding company. Citizens Business Bank now has six locations in Ventura County: the …
Read More »Moreno Valley Lands Auto Dealership
Moreno Valley will soon have another automobile dealership. Hyundai of Moreno Valley will be developed on a five-acre site at 27500 Eucalyptus Ave. near the Stoneridge Towne Center, said Mike Lee, the city’s economic development director. The 25,000-square-foot project, which is expected to be open for business by the end …
Read More »WHITHER CHINA? Part 1
By John Tulac China is a $10 trillion economy. China directly and indirectly impacts us. What happens in China affects all of us, wherever we may be and whatever we may be doing. Even Mom-and-Pop main street businesses are connected to China by the products they sell. Thus, it is …
Read More »Inland Empire Non-Profit Receives Award
KVCR, the radio and television stations owned by the San Bernardino Community College District, has been named the 2015 Non-Profit of the Year by the Inland Empire Economic Partnership. That award, which was presented last month, is given to the non-profit that best helps to promote economic development and a …
Read More »Home Prices Increase
Inland Empire home prices, including distressed sales, were up 6.1 percent in January compared with one year earlier. That number followed the national trend: single-family home sales, including distressed sales were up 6.9 percent in January compared with January 2015, Irvine-based CoreLogic reported in its Home Price Index and Forecast, …
Read More »Another Good Month for Inland Empire Manufacturing
Manufacturing in the Inland Empire continued to expand during February. The region’s purchasing managers index was 56.5 last month, the second consecutive month that sector has grown, according to the Institute of Applied Research and Policy Analysis at Cal State San Bernardino. Fifty or above means the sector is expanding, …
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IE Business Daily Business news for the Inland Empire.