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 City of Riverside, CA
Office of Economic Development News August 6, 2013
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Riverside's Taxable Sales, Housing Activity Prove To Be Bright Spots in Local Economy
The Regional Intelligence Report, Third Edition, was released this week and shows strong economic activity in most areas. Beacon Economics, a leading provider of economic research, forecasting, industry analysis and data services prepares the report that includes a detailed economic snapshot for Riverside, as well as provides summaries of the state and national economic conditions and outlook.
Sponsored by The City of Riverside and the Greater Riverside Chambers of Commerce, Beacon was retained to provide the community with a detailed overview of the local economy so that businesses and the agencies working to help businesses can develop better short and long-term strategies.
In most key aspects, the local economy continues to show positive trends. Residential real estate is now a noted 'bright spot' in Riverside's economy with median home prices increasing by 23.6% and supply shrinking to 2.9 months of inventory over the past year. Consumer and business spending in the city has bounded back over 32% since hitting its lowest point in 2009. While not yet as strong as the residential market, commercial real estate is steadily improving and (Read more...)
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Long Night of Arts & Innovation Returns to Riverside October 10th
 After 2012's incredible debut, Riverside's Long Night of Arts & Innovation returns to Downtown Riverside on October 10, 2013 from 4 p.m. to midnight.
The Long Night of Arts & Innovation was inspired by the Long Night of Science in our German sister city, Erlangen. The 2012 event featured 451 presentations ranging from an Instrument Petting Zoo to a lecture/demonstration by noted University of California, Riverside (UCR) professor and "Avatar" movie consultant Jodie Holt.
This year's event promises to be bigger and better, showcasing the best (Read more...)
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UC Riverside School of Medicine Welcomes Its Inaugural Class
(As written by Mark Muckenfuss and published by the Press-Enterprise.)
 Members of the inaugural class of the UCR School of Medicine took their seats Monday morning for a week of orientation before the real business of learning begins. Many of the 50 students are graduates of UCR. Others come from such schools as Harvard, Yale, Loyola Marymount and UC San Diego. Most have real-world experience ranging from volunteering in emergency rooms to serving in the military to teaching high school. (Read more...) |
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Riverside is being recognized worldwide for its forward looking, cutting-edge approaches to economic development, education, sustainability and technology. Discover the possibilities within this City of Arts & Innovation.
Sincerely,
Scott C. Barber
City Manager
City of Riverside
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