January 23, 2014 - 5 p.m.
 Weekly Wins
Great projects, initiatives and successes are happening in Riverside every day; highlights for this week:

 

 Harada House Fundraising Close to Goal

 

   Community Meetings Planned for RUSD  

 

Prayer Breakfast, Speeches and Walk Honor King's Legacy

 

 

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App of the Week:
Zite delivers the best of your favorite magazines, newspapers, authors, blogs, and videos.
 
Mega Mixer &
Trade Show
January 30
(click here)
   
 for more community events, seminars & meetings, go to the 
Community Calendar

  




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877-RivSide
City of Riverside, CA
Office of Economic Development News
January 21, 2014
 

On Wednesday, January 8th, the Riverside County Transportation Commission (RCTC) awarded more than $152 million to local jurisdictions for a wide variety of street improvements, expanded freeway interchanges, and active transportation improvements for bicyclists and pedestrians.

 

Funding for the projects comes from the voter-approved Measure A sales tax program, state gas tax revenue, and two federal funding sources. 

 

"This truly shows the value of the Measure A program," said RCTC Chair Marion Ashley, a County Supervisor. Every part of the county is receiving funding that will improve mobility and create needed jobs." (Read more...) 

IE-ASPA Hosts Economic Forum 

 

The Inland Empire Chapter of the American Society for Public Administration (IE-ASPA) held an Economic Forum on January 16th in Ontario. Economist Dr. John Husing presented the current state of Inland Southern California's economy and pointed to key economic indicators that offer optimism in 2014.

 

The housing market is recovering. The percentage of underwater homes is decreasing while existing home prices are trending upward and new home construction is expected to rise in 2014. The area's competitive housing price advantage still exists, an important first step toward reviving in-migration from expensive coastal communities.

Husing also noted that Office absorption is slowly starting to recover as high-end jobs follow workers into the area. (Read more...)
Business Spotlight:

OctoClean is a family-owned, family-run business with a goal of redefining the janitorial industry. Chuck and Yvonne Stowe began a janitorial company called Service Pros in 1991, which proved successful and led the Stowes to decide to expand their business into a larger-scale franchising model. In November 2000, OctoClean was established with 12 existing franchises. Today, OctoClean has expanded to more than 50 franchises in Southern California and continues to grow.

 

Having doubled its gross sales between 2003 and 2008, OctoClean has positioned itself as an emerging leader in the janitorial services industry. OctoClean's business plan calls for continued aggressive growth in both the number of active Franchise Owners and the markets in which OctoClean's services are offered.

 

OctoClean provides services to medical campuses, educational campuses, office buildings, and construction sites. They also provide general janitorial services including carpet care, window washing and floor care. (Read more...)

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. 

We invite you to celebrate the achievements and our continued progress. Please contact the Office of Economic Development for more information.


Sincerely,

Scott C. Barber

City Manager 
City of Riverside 

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