Category Archives: Economy

Riverside In Top Ten In New Job Openings

(This article contains excerpts from an article written by Anne Fisher and published in Fortune.com on February 9, 2016.)

The 10 American Cities With the Most New Job Openings

According to Fortune.com, despite January’s hiccup in hiring, the economy has been steadily generating jobs at an annual rate of about 2%. But some cities outpaced the rest of the nation over the past 12 months, while others lagged behind. Dallas, for instance, came out on top in a new study of the 150 biggest metropolitan areas by CareerBuilder and its data analytics arm EMSI. The Big D’s 112,829 new jobs beat out even San Jose, Calif., which came in second place at 39,519 new jobs.

Coming in at #9, Riverside, California continues to shine as a leader in economic recovery in Inland Southern California.

Meanwhile, job growth in the oil and gas industry stalled out in some places more sharply than others. Tulsa, Oklahoma, for instance, added 2,295 jobs since last January. That was about 9,000 fewer than it would have gained if local hiring had matched the national rate. But it still outpaced last place-ranked Lafayette, La., another oil hub, which lost 2,100 jobs.

In all, new hiring in 27 of the largest U.S. cities outperformed the national average. The top 10, and the number of positions they created:
  1. Dallas 112,829
  2. San Jose 60,716
  3. Los Angeles 159,477
  4. Seattle 78,082
  5. Miami 81,842
  6. Atlanta 81,161
  7. Orlando 50,384
  8. San Francisco 69,967
  9. Riverside, Ca. 50,511
  10. Charlotte, N.C. 41,390

Job seekers in the bottom 10 cities in CareerBuilder’s study, by contrast, faced relatively slim pickings. “Even though major metros like New York, Chicago, and Philadelphia each added more than 30,000 jobs, they trailed behind national growth trends,” notes Matt Ferguson, CareerBuilder’s CEO. So did St. Louis, Richmond, and Cleveland, while the number of job openings in New Orleans actually shrank by 2,491, due mostly to the oil and gas slowdown.

Just another example of how Riverside, California is leading the way as a location of choice.

Apart from what it says about the most and least promising places to look for work, Ferguson sees the research as a snapshot of different regions’ overall economic health. “At its core, the study measures employer confidence,” he says. “If companies are adding jobs at a faster rate in certain markets, that bodes well for housing and consumer spending in those local economies.” He expects the top 10 job markets to show above-average growth through the rest of 2016.

For the full article, click here.  

Inland Southern California Adds Most Jobs In A Single California Region In November

(This article contains excerpts from the article written by Sarah Nightingale and published in UCR Today on December 18, 2015.)

Photo Credit: UCR Today
Photo Credit: UCR Today

Continuing a strong year, Inland Southern California added another 4,600 jobs in November on a seasonally adjusted basis.* This increase builds on the 7,400 non-farm positions added in October. The most recent jump puts Inland Southern California at the top of the list for the most jobs added in a single region in California in November.

The numbers were released today in a monthly report compiled and seasonally adjusted by the University of California, Riverside’s School of Business Administration Center for Economic Forecasting and Development.

In addition, Inland Southern California’s unemployment rate fell to 6.1 percent in the latest numbers, compared to a 6.2 percent unemployment rate in October and a 7.6 percent unemployment rate in November 2014.

The Center for Economic Forecasting and Development cautions against reading too much into any single month’s numbers, especially near year’s end. Nonetheless, this month’s employment estimates are another indication the local inland economy is continuing to expand. Jobs number like this are great examples of Seizing Our Destiny’s intelligent growth pillar.

 * The California Employment Development Department releases its latest estimates of job counts on the third Friday of every month. Each month, the Center for Economic Forecasting and Development will provide seasonally adjusted estimates of employment along with additional analysis of the most recent employment trends occurring throughout Inland Southern California. Today marks the Center’s inaugural employment release.

The full November report is here.

To read the full article, click here.

Riverside Ranked Number 1 For Total Housing Sold In November

(This blog contains data from the IVAR Housing Data Report – November 2015 and excerpts from the article written by Fielding Buck and published in the Press Enterprise on December 16, 2015.)

Downtown Night Shot

The city of Riverside ranked #1 for total units sold in Inland Southern California for the month of November. With a total of 242 units sold at a value of $85.5 Million.

In Riverside County, 2,797 homes sold, a 5.5 percent increase year over year, and the median home price rose from $305,000 to $318,500, a 4.4 percent increase year over year.

In San Bernardino County, 2,005 homes sold in November, 2.3 percent rise in sales year over year. But the median sale price was up 9.3 percent year over year, from $254,000 to $277,500.

Inland Southern California continues to see a spillover as potential homebuyers from coastal areas seek more affordable housing here than they can get there. Affordability and amenities continue to make Riverside a location of choice for people seeking the California lifestyle at an affordable price. An unmatched landscape, year-round outdoor activities, ample recreational options and attention to healthy living make Riverside one of the most inspiring, livable, healthy and adventurous cities to live in or visit.

To view the IVAOR report, click here.

To read the full article, click here.

Riverside Ranked 3rd In The Nation For Job Growth

(This article contains excerpts from the article written by Kathryn Dill and published in Forbes on November 11, 2015.)

Downtown Night Shot

A few cities and states have offered job seekers far friendlier climates than the nation at large this year.

The cities and states that make this list have experienced the strongest non-agricultural job growth over the first three quarters of 2015, according to analysis of data from the U.S. Bureau of Labor Statistics by Professor Lee McPheters at the W.P. Carey School of Business at Arizona State University. Projections show the U.S. on track to add 3 million jobs this year, indicating a 2.2% monthly average in national job growth, an increase of about 1.8% since last year.

Topping the list of cities and metro areas (including one million or more workers) for job growth thus far this year is San Jose, California with 5.5% growth so far in 2015–more than twice the nationwide average. Orlando, Riverside, Dallas, and Seattle round out the top five, all with job growth of 3.5% or above.

This ranking is yet another example of Riverside continuing to fuel the intelligent growth of the region.

The Top 10 Cities For Job Growth* in 2015

1. San Jose, California – up 5.5%
2. Orlando, Florida – up 4.1%
3. Riverside, California – up 3.9%
4. Dallas, Texas  – up 3.6%
5. Seattle, Washington – up 3.5%
6. Atlanta, Georgia – up 3.4%
7. San Francisco, California – up 3.3%
8. Denver, Colorado – up 3.1% (tie)
8. San Diego, California – up 3.1% (tie)
8. Portland, Oregon – up 3.1%(tie)

For the full article, click here.

3-D Printed Devices Help Scientists Trap and Study Tree-Damaging Bugs

(This article contains excerpts from the article written by Elizabeth Lee and published in Voice of America on October 22, 2015.)

Beetles not native to Southern California are causing much damage to trees, including those that bear avocados, a lucrative California crop. Scientists at the University of California-Riverside are fighting this problem with the help of 3-D printers.

The invasive beetles are from Southeast Asia, and scientists aren’t sure how they got to California. One guess is that they were in packing materials used in shipping products to California from Asia.

The beetle, technically known as the polyphagous shot hole borer, drills holes into a critical part of the tree, disrupting the flow of water from the roots to the leaves. It also carries a fungus in its mouth that harms the trees. The fungus grows and further clogs the vessels that carry nutrients and water to the tree, eventually starving it to death.

Entomologists have been trying different treatments to kill the beetles and the fungus. But it was time-consuming and difficult to learn whether the treatments worked until a 3-D-printed bug trap was developed to place over the holes in the trees.

If the beetle is still active, that means the pesticide is not working. Scientists say a 3-D-printed trap speeds up the data-collection process and makes the results reliable. The 3-D printer allows researchers to easily tailor their traps to the insects they are studying.

It’s a relatively inexpensive tool that can create new possibilities for researchers to help them get results.

The creation of this 3-D printed trap is a great example of Seizing Our Destiny’s catalyst for innovation pillar. Creativity and innovation permeate all that we do, which makes our community a trendsetter for the region, California, and the world to follow.

To read the full article, click here.

Landfill Solar Site Helps Power City

(This article contains excerpts from the article written by Alicia Robinson and published in The Press Enterprise on September 11, 2015.)

Photo Credit: Jennifer Iyer, The Press Enterprise
Photo Credit: Jennifer Iyer, The Press Enterprise

A solar power project on Riverside’s closed Tequesquite landfill is now providing power to the city’s grid. With a 7.5-megawatt installation that’s up and running, solar energy provides more than 4 percent of Riverside’s power supply.

A 20-acre array of about 25,000 solar panels that now stretches across the closed Tequesquite landfill south of the Santa Ana River is one of the largest municipal solar projects in California, said Bill Kelly, vice president of SunPower, the San Jose-based company that built the project.

SunPower built the array as part of a 25-year deal under which Riverside Public Utilities will buy power the project generates. As of Wednesday, Sept. 9, the panels were plugged in and feeding power to the city’s electric grid, Riverside Public Utilities project manager Ron Barry said.

With the growing concern of climate change and pollution from fossil fuels, Riverside is taking steps to reduce their foot print on the environment and promote the quality of life for all through intelligent growth of their city.

To read the complete article, click here.

CBU Receives Grant To Create Hands-On Experience In Sustainable And Health Technologies

(This article contains excerpts from the article published in CBU News & Events on September 1, 2015.)

Stephen Dueck, chemical engineering student, works on calibrating a gas absorption unit used to remove CO2 from a gas stream. Photo Credit: CBU News & Events
Stephen Dueck, chemical engineering student, works on calibrating a gas absorption unit used to remove CO2 from a gas stream. Photo Credit: CBU News & Events

A $250,000 grant from the W. M. Keck Foundation will help fund hands-on experiences in the field of sustainability and health technologies for the chemical engineering department at California Baptist University’s Gordon and Jill Bourns College of Engineering.

Dr. Mark Anklam, chemical engineering chair and professor, said a large portion of the funds have already been invested in purchasing new equipment to create additional chemical engineering labs.

These labs will allow students to work on sustainable technology projects such as CO2removal, reverse osmosis, fuel cells technology and purifying water, he said.

Grants like this help equip CBU’s engineering students with the knowledge and skills they need to succeed. CBU’s effort to develop programs that meet the needs of employers is a great example of Seizing Our Destiny intelligent growth pillar.

To read the full article, click here.

Not-So-Big Cities: Where Americans Are Moving

(This article contains excerpts from the article written by Yuqing Pan and published in realtor.com on August 26, 2015.)

Photo Credit: realtor.com
Photo Credit: realtor.com

Among today’s urban migrants, Austin, TX, and Riverside, CA, hold more appeal than New York City and Los Angeles. According to the U.S. Census Bureau, about 18% of people who moved last year—that’s 8.5 million people—traded one metropolitan area for another, and a big chunk of them traded down for a smaller city not far away.

Los Angeles is still the top destination, with almost 245,000 people relocating from other metro areas, followed by New York City and Washington, DC. However, these big cities are also losing residents—more then they’re gaining. Almost 400,000 people quit The Big Apple last year, and 340,000 fled Los Angeles. (Note that this Census report looked only at people moving between metropolitan areas, and so didn’t count people moving between cities and small towns.)

Smaller cities such as Austin and Riverside—and not-so-small Houston—are gaining prosperity, with more people moving in than out.

A separate Census Bureau study showed that 10% of U.S. residents are dissatisfied with their current housing, neighborhood, local safety, or public services to the point that they want to move.

Riverside has increasingly become the ‘location of choice‘ for people and organizations escaping the hectic lifestyle of big cities.

By the numbers: Top 10 urban migration paths

1. Los Angeles, CA → Riverside, CA: 90,494
2. Riverside, CA → Los Angeles, CA: 54,711
3. New York, NYPhiladelphia, PA: 26,957
4. San Jose, CA → San Francisco, CA: 24,536
5. Washington, DC → Baltimore, MD: 22,944
6. New York, NY → Miami, FL: 22,226
7. Baltimore, MD → Washington, DC: 21,457
8. San Diego, CA → Riverside, CA: 19,667
9. Philadelphia, PA → New York, NY: 19,336
10. San Francisco, CA → San Jose, CA: 18,680

For the complete article, click here.

UC Riverside To Help Establish An Urban Water Sustainability Research Network

(This article contains excerpts from the article written by Iqbal Pittalwala and published in UCR Today on July 31, 2015.)

Recent droughts have had crippling effects in Folsom Lake and other water supply systems in California (Jan. 16, 2014) Photo Credit: California Department of Water Resources
Recent droughts have had crippling effects in Folsom Lake and other water supply systems in California (Jan. 16, 2014) Photo Credit: California Department of Water Resources

The University of California, Riverside is one of 14 academic institutions and key partners across the United States that are addressing the challenges threatening urban water systems in the United States and around the world. These institutions, led by Colorado State University, have just received $12 million from the National Science Foundation to establish the Urban Water Innovation Network (UWIN).  UWIN will create technological, institutional, and management solutions to help communities increase the resilience of their water systems and enhance preparedness for responding to water crises.

Darrel Jenerette is an assocaite professor of botany and plant sciences at UC Riverside. Photo Credit: UC Riverside
Darrel Jenerette is an assocaite professor of botany and plant sciences at UC Riverside. Photo Credit: UC Riverside

This project builds on Jenerette’s expertise with urban biodiversity, vegetation based regional cooling, and water requirements for urban vegetation. His lab focuses on the coupling between biodiversity, energy fluxes, and biogeochemical cycling embedded within ecological landscapes.“UWIN builds on long-standing programs at UC Riverside for research and training, and trusted leadership in all facets of water resources,” said Darrel Jenerette, an associate professor of botany and plant sciences at UCR, who serves as a senior personnel with UWIN. “These programs include urban water conservation, sustainable urban drainage systems and flood control, drought management, pollution control, water resources planning and management, ecological engineering, climate sciences, and urban biodiversity.”

The vision of UWIN is to create an enduring research network for integrated water systems and to cultivate champions of innovation for water-sensitive urban design and resilient cities. The integrated research, outreach, education and participatory approach of UWIN will produce a toolbox of sustainable solutions by simultaneously minimizing pressures, enhancing resilience to extreme events, and maximizing co-benefits. These benefits will reverberate across other systems, such as urban ecosystems, economies and arrangements for environmental justice and social equity.

UCR will receive about $350,000 of the $12 million award.

UCR is an outstanding example of Seizing Our Destiny’s catalyst of innovation pillar. The people and educational institutions of Riverside cultivate and support useful and beneficial ideas, research, and scholars.

To read the complete article, click here.

Riverside Gets 3-STAR Rating For Sustainability

(This article contains excerpts from the article written by Suzanne Hurt and published in the Press Enterprise on August 10, 2015.)

Photo Credit: STAR Communities
Photo Credit: STAR Communities

A nonprofit that measures U.S. city sustainability has recognized Riverside as a 3-STAR community, city officials have announced.

STAR (Sustainability Tools for Assessing and Rating Communities) Communities assesses environmental, economic and social sustainability as part of an effort to make cities more liveable. Riverside entered the rating system in November 2012, according to the nonprofit’s website.

The group rates a community’s built environment, climate and energy, natural systems, health and safety, equity and empowerment and other factors. The rating system uses data provided by cities and provides local officials with a way to set targets and appraise their own progress toward increased sustainability.

The STAR Community Rating System was created by ICLEI USA, the U.S. Green Building Council, National League of Cities and the Center for American Progress.

This rating is yet just another reason why Riverside is a location of choice for people seeking the most out of their city. Riverside provides welcoming neighborhoods, well-paying jobs, and a great education.