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Great Economic News!
Inland Empire Manufacturing Sector Back in Growth Mode!
Riverside County EDA is a sponsor of the Inland Empire Report on Business, prepared by the Institute of Applied Research at California State University, San Bernardino's College of Business and Public Administration. According to the recently released June report, not only have unemployment rates dropped to 2008 levels for both Riverside County and San Bernardino County, but the latest survey of local Purchasing Managers shows that Production and New orders are both up in the Inland Empire. Consumer spending is up nationwide and job growth locally is being seen in construction, health care, logistics, and professional and business services sectors.
A copy of the report can be found here.
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Events (EDA Sponsorship or Participation) August 13th, 11:30 am March Field Air Museum 22550 Van Buren Blvd., March Air Reserve Base August 14th, 5:30 pm to 7:30 pm County of Riverside County Administrative Atrium 4080 Lemon St., Riverside Eastvale Chamber Mega-Mixer Business Expo August 21, 5 pm 3567 Main St.,Riverside Franchise Workshop August 21st, 11:30 am to 1:30pm Lake Elsinore Storm Diamond Club 500 Diamond Dr., Lake Elsinore Valley Wide Employment Expo September 10th, 9 am to 1 pm Riverside County Fairgrounds Fullenwider Auditorium 82-503 Hwy 111, Indio State of the County September 24th, 4 pm to 7 pm Pechanga Resort & Casino 45000 Pechanga Parkway, Temecula
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 Workforce Innovation and Opportunity Act
On July 22, 2014, President Obama signed into law the Workforce Innovation and Opportunity Act (WIOA). WIOA will help job seekers and workers access employment, education, training, and support services to succeed in the labor market and match employers with skilled workers they need to compete in the global economy. Congress passed WIOA, the first legislative reform of the public workforce system in more than 15 years, by a wide bipartisan majority. In doing so, Congress reaffirmed the role of the American Job Center (AJC) system, a cornerstone of the public workforce investment system, and brought together and enhanced several key employment, education, and training programs. In recent years over 20 million people annually turn to these programs to obtain good jobs and a pathway to the middle class. WIOA continues to advance services to these job seekers and employers. More information about the WIOA is located here.
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Historic Partnership Approved
As a next step to the partnership created between Riverside County EDA, the City of Los Angeles, San Bernardino County, and UC Riverside through the Inland SoCal Link iHub, the County of Riverside has entered into a formal partnership with the Office of the Mayor of the City of Los Angeles to foster international economic development opportunities in Inland Southern California. More information on the agreement is available here.
The Press-Enterprise wrote an editorial endorsing the partnership. The editorial can be found here. More information on the Inland SoCal Link iHub can be found here. |
 Kay Ceniceros Senior Center
Riverside County EDA has been running the Kay Ceniceros Senior Center for a number of years. On July 11th, the Riverside County Board of Supervisors handed over ownership and control of the center to the City of Menifee. The City plans on making close to $390,000 in improvements.
Full details on the official key ceremony and the programming are available here. |
 Central Wire Co Utilizing Employment Training Panel
With help from Riverside County EDA and the Workforce Development Center's Business Solutions team, Central Wire, a 50-year-old company in Perris, CA, specializing in stainless steel and nickel alloy, accessed state Employment Training Panel (ETP) dollars to train and certify their entire staff in Lean Manufacturing. ETP offers customized training with no out-of pocket cost to the employer.
For more information on Central Wire and the ETP program click here.
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Perris Valley Chamber of Commerce
On July 1st, Greg Folsom, Deputy Director at Riverside County EDA, spoke to the Perris Valley Chamber of Commerce regarding the role and responsibilities of Riverside County EDA. Attendees learned about the projects, programs, and services of EDA that are pertinent to the residents and businesses in the Perris area. Topics covered included business incentives, tax credits, Library improvements, the Perris Valley Aquatic Center, and upcoming workshops.
More information about the Perris Valley Chamber is available here.
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 Lake Elsinore Franchising Workshop
Riverside County EDA is sponsoring a workshop being put on by the Lake Elsinore, Menifee, and Murrieta Chambers of Commerce. The event will feature numerous franchise representatives who are looking for qualified franchisees in the Southwest Riverside County area. The event is on Thursday, August 21st from 11:30 am to 1:30 pm.
More information about this event can be found here.
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 Esri User Conference
Staff from Riverside County EDA attended the Esri User Conference in San Diego in July. This is the largest Geographic Information System (GIS) conference in the world with an estimated attendance of over 15,000. Look for exciting new products and services coming soon from EDA as a result of the information learned at this conference.
More information about how the County of Riverside has been using GIS is available here.
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 Riverside.io Grand Opening
Riverside County EDA sponsored the Grand Opening of the Riverside.io shared workspace in Downtown Riverside on July 17th. Riverside.io is a non-profit, co-working space geared toward helping technology entrepreneurs to get their business started and stay in the Riverside area. For more information on Riverside.io, click here.
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