Category Archives: Economy

Riverside Metro Area Ranked #1 For Small Business

(This article contains excerpts from the article written by Elaine Pofeldt and published in CNBC.com on May 5, 2015.)

Photo Credit: David Liu, Getty Images

The annual Best Small Business Cities in America Study ranking of 25 cities is based on a weighted average of data on Biz2Credit’s customers across the country. It looks at the health of small businesses in each metro area, the rate of small-business creation and the economic ecosystem for entrepreneurs, including the cost of doing business, tax climate and local talent pool.

Biz2Credit analyzed 12,000 businesses with fewer than 250 employees from across the country. These firms were in operation for more than a year and had less than $10 million in annual revenues.

The Riverside-San Bernardino area shot to the top spot after scoring in the top five in average credit score, average annual revenue, number of employees and the BizAnalyzer score, which takes into account local economic factors, such as the cost of doing business and tax rate. It also finished in the top 10 for its thriving start-up culture. The average age of businesses in the area is 34 months.

Top 10 cities for small business

  1. Riverside-San Bernardino, California
  2. Chicago
  3. New York Metro
  4. Charlotte, North Carolina
  5. Las Vegas
  6. San Francisco-Oakland, California
  7. Miami-Fort Lauderdale, Florida
  8. Los Angeles
  9. Houston
  10. Dallas-Fort Worth, Texas
    (Source: Biz2Credit)

The Riverside-San Bernardino area is a hub for IT, advanced manufacturing, food processing, health and medicine and professional services. The ecosystem for growth companies is strong, since it has such resources as incubators, accelerators and co-working spaces, as well as a Shop Riverside campaign to promote local businesses.

According to the survey, small businesses in Riverside-San Bernardino had average annual revenues of $1,400,960, ahead of the No. 2 city, New York, where average annual revenues were $1,269,859. San Francisco-Oakland placed third, with average annual revenues of $671,000.

“Technology is bringing in younger people and more immigrants to this metro area,” explained Rohit Arora, CEO of Biz2Credit. “Riverside, California, has a pretty big immigrant population.” It includes immigrants from Southeast Asia, Central America and the Middle East.

Nathan Sklar, a health-care entrepreneur, recently expanded his business operations from New York City to Riverside, California. In Manhattan he runs three entities: Comprehensive Kids Developmental School, a not-for-profit school for children with autism; Grand Street Medicine and Rehab, an outpatient facility for occupational physical therapy; and Comprehensive Evaluations, which provides evaluation services for children. Together they employ about 250 people.

He opened Comprehensive Certified Home Health Services in Riverside, California, five to six years ago. It is a home-care agency that provides nursing services, home health aides and related services, employing about 50 people. Sklar branched out into California during a moratorium on home-care licenses in New York. California had no moratorium.

“We’ve been growing at a steady pace,” he said, adding that between his New York and California operations, his ventures bring in combined revenue that range from $15 million to $25 million annually.

Riverside embraces economic growth and directs it so it maintains and improves our already outstanding quality of life. This ranking is yet another example of Riverside continuing to fuel the intelligent growth of the city and region.

For the full article, click here.

CBU Honors Record 1,420 Graduates During Spring Commencement

(This article contains excerpts from the article published in CBU News & Events on May 2, 2015)

commencement photo.jpg
Photo Credit: CBU News & Events

Dr. Ronald L. Ellis, president of California Baptist University, congratulated 1,420 graduating students during afternoon and evening commencement ceremonies at Citizens Business Bank Arena in Ontario. Afternoon exercises included 717 traditional undergraduate degree candidates, while the evening ceremony honored 703 students, including all master’s degree candidates, as well as undergraduates from Online and Professional Studies programs.

Ellis noted that the class was part of a record enrollment for the 2014-2015 academic year, with 7,957 enrolled at CBU.

“They have contributed to the continuing growth of CBU’s campus culture as ‘a University Committed to the Great Commission’ during an exciting time of continuing growth and improvement,” Ellis said. “Each of these graduating students has arrived at this point because of a shared commitment to the challenging yet rewarding endeavor of higher education.”

California Baptist University is always expanding and improving in a remarkable fashion.  Representing Seizing Our Destiny’s intelligent growth pillar, CBU’s record number of graduates helps improve the local and global economy and improves our already outstanding quality of life.

Combined with students who graduated last December, the Class of 2015 totals 1,946 applications for graduation, the largest number for a single year in CBU history.

To read the full article, click here.

Engineering College To Launch Online Degrees

(This article contains excerpts from the article written by Sean Nealon and published in UCR Today on April 9, 2015.)

Photo Credit: UCR Today
Photo Credit: UCR Today

The University of California, Riverside’s Bourns College of Engineering recently announced its partnership with Pearson to create a new online degree program in engineering, with specializations in bioengineering, electrical engineering (power systems), environmental engineering systems (water), materials at the nanoscale and mechanical engineering. The master’s degree program is scheduled to be launched in the fall of 2015 and hopes to enroll over 600 new engineering students by 2020.

Pearson’s online learning services will provide marketing, enrollment management, student support and retention services and help desk services. The collaboration allows the Bourns College of Engineering to extend its programs to working adults and other non-traditional students that may not have been able to attend an on-the-ground program. The new programs will help the college get one step closer to achieving its mission of producing engineers with the educational foundation and adaptive skills to rapidly serve evolving technology industries.

“We are pleased to collaborate with Pearson to offer this online program enabling employed engineers and scientists to advance their technical training as well as sharpen their engineering management skills,” said Reza Abbaschian, dean of the Bourns College of Engineering. “We believe the degree program will benefit them, their employers and our industrial community.”

Offering online engineering degrees is a great example of Seizing Our Destiny’s intelligent growth pillar. The Bourns College of Engineering is dedicated to educating the next generation of engineering leaders to discover and apply groundbreaking solutions and innovations that improve the quality of life. The college’s graduate and undergraduate engineering programs rank among the top schools in the nation in U.S. News & World Report.

Todd Hitchcock, Pearson’s senior vice president of online learning service said, “We are thrilled to have been selected as the University of California, Riverside, Bourns College of Engineering’s online degree program partner. The partnership is a perfect fit since the school’s ideals are in line with that of Pearson’s – a devotion to student success and a commitment to personal, one-on-one student attention.”

For the complete article, click here.

UCR Launches Initiative To Deal With Inland Poverty

(This article contains excerpts from the article written by Fielding Buck and published in The Press Enterprise on February 10, 2015.)

Photo Credit: Carrie Rosema
Photo Credit: Carrie Rosema

A strategy to study, teach about and deal with Inland poverty was announced Tuesday at UC Riverside.

The UCR School of Public Policy will launch the Blum Initiative on Global and Regional Poverty this fall.

The announcement was made during an appearance by former U.S. Labor Secretary Robert Reich, who was on campus to talk to public policy students and attend the screening of a documentary about him.

Reich praised Riverside as a “roll-up-your-sleeves” kind of community and UCR as a school that provides opportunities for students with financial needs. Exemplifying Seizing Our Destiny’s unified city pillar, Riverside and UCR both demonstrate that we’re a caring community that has compassion for all of its inhabitants, and engages with one another for a better life for all.

“There’s probably no place that I know of that better exemplifies what higher education ought to be doing,” Reich said.

Reich is a senior fellow of the Blum Center for Developing Economies at UC Berkeley, which is working with UCR on the intiative.

Richard Blum, Photo Credit: UCR Today
Richard Blum, Photo Credit: UCR Today

It was launched by a gift of $250,000 from the center’s founder, UC regent Richard C. Blum, who is married to Sen. Dianne Feinstein.

UCR chancellor Kim A. Wilcox and UC President Janet Napolitano both matched the gift out of their budgets, according to a UCR press release.

The initiative will be interdisciplinary and results oriented, according to Anil Deolalikar, founding dean of the school. It will include partnerships with local non-governmental organizations.

“Poverty is not unique, right?” he said in an interview before the announcement. “Every place in the work has poverty and there are many places in the world that have tackled the problem of poverty with good results. We will be trying to glean lessons from around the world so that we can use some of those lessons to solve poverty problems here in the Inland Empire.”

Plans include to establish an undergraduate minor in poverty and a focus area in public policy master degree program.

For the complete article, click here.

Riverside Ranks 103 For Economic Performance In The World

(This article contains excerpts from the article published in FoxBusiness on January 21, 2015.)

mall at night
Photo Credit: City of Riverside

The Brookings Institution and JPMorgan Chase ranked 300 major cities worldwide for economic performance last year. The City of Riverside placed 103 overall, 17 in the US, and 3rd in California.

Riverside embraces economic growth and directs it so it maintains and improves our already outstanding quality of life. This ranking is yet another example of Riverside continuing to fuel the intelligent growth of the city and region.

Rank Economic Performance 2013-2014 Country Metro/City Real GDP per Capita Growth 2013-2014 Employment Growth 2013-2014 Rank Economic Performance 2009-2014
103 USA Riverside 0.20% 2.80% 182

For the full list of rankings, click here.

First Doctoral Program At CBU Scheduled For Fall 2015 Launch

(This article contains excerpts from the article written by Dr. Mark A Wyatt and published in CBU News & Events on January 15, 2015.)

Photo Credit: CBU
Photo Credit: CBU

California Baptist University will have its first doctoral degree beginning in the fall of 2015. The School of Nursing will offer the doctorate of nursing practice (DNP) after it was approved by the Western Association of Schools and Colleges.

“It is very exciting to be launching CBU’s first doctoral program later this year,” said Dr. Jonathan Parker, CBU provost and vice president for academic affairs. “We have been working very diligently to develop a high quality DNP degree program and I’m especially pleased that our accrediting agency has recognized that effort and commented very favorably on the result.”

The school expects 20 students in its first class, said Dr. Lisa Bursch, acting director of the DNP program. Bursch said there is a national movement to have more nurses educated at a doctoral level because of the complexity of health care. For that reason, the school is looking to train nurse leaders to have an impact on health outcomes.

“For as much money as (the nation) spends on health care, our national outcomes are not that great,” Bursch said. “Something’s not translating between what we know to do and what’s being done.”

The nursing doctoral program will be the only one in Riverside County, Bursch said. Students in the clinical doctorate will take original research and put it into practice. Classes will include organization and systems leadership class, nursing theory and translational research, policy and finance. All students will do a project, which involves looking at health outcomes and how to improve them.

Parker said it is fitting that CBU’s first doctoral program is in nursing. “Programs such as the DNP not only help to meet an important need in society by producing highly-trained healthcare professionals,” he explained, “but they also represent the service-related values that California Baptist University seeks to instill in its graduates.”

Being the first and only nursing doctoral program in Riverside County, CBU’s effort to develop programs the meet the needs of employers is a great example of Seizing Our Destiny intelligent growth pillar.

For the complete article, click here.

CBU Online Makes Gains In U.S. News & World Report Ranking Of Best Online Programs

(This article contains excerpts from the article written by Dr. Mark A. Wyatt and published in CBU News & Events on January 7, 2015.)

Photo Credit: CBU
Photo Credit: CBU

California Baptist University (CBU) earned the no. 23 spot among online bachelor’s programs in the 2015 Top Online Education Program rankings released today by U.S.News & World Report. This is a jump up from no. 37 in 2014 and puts CBU second among California colleges ranked in the best online bachelor’s programs list.

CBU entered the online education market in the spring of 2010 with programs offered by the university’s Division of Online and Professional Studies. Since 2013, the first year online programs were ranked by U.S. News & World Report, CBU has placed in the top 40 for three consecutive years. CBU now serves more than 3,400 students online throughout the United States, offering 30 online undergraduate majors and concentrations and 16 graduate majors and specializations.

“We are happy to be consistently top ranked since inception, especially considering CBU’s four short years offering online programs,” said Dr. David Poole, vice president for Online and Professional Studies at CBU.  “We are even more delighted given the significant jump in our ranking to be recognized by U.S. News & World Report in 2015.” In addition to the no. 23 spot for best online bachelor’s programs, CBU also was ranked among the best online graduate MBA and best online graduate education programs as evaluated nationwide for factors including faculty credentials and training.

CBU ranked no. 7 for faculty credentials and training in the online bachelor’s degree category, no. 3 for online MBA faculty and no. 1 for online Graduate Education faculty credentials and training.

“The ranking methodology reviews student engagement best practices, graduation and retention rates, student indebtedness, faculty credentials and training, as well as technological infrastructure. These are all key elements, central to our focus as we build and deliver programs that serve the adult student who seeks a quality, reputable degree in an online format, at a reasonable cost.  This acknowledgement and ranking continues to support our mission and drive that quality and experience of faculty, innovative, cutting edge technology, and student support and service are at the heart of what we do at CBU,” said Poole.

For more information about the rankings methodology, and full listings, please go to http://www.usnews.com/onlinemeth.

Founded in 1950, CBU is a private comprehensive institution located in Riverside, Calif. and affiliated with the California Southern Baptist Convention. Fall 2014 enrollment at CBU totaled 7,957 students enrolled in 72 bachelor degree programs with 150 major concentrations, and 25 master degree programs with 45 concentrations. CBU is a member of the Council for Christian Colleges and Universities, the Association of Independent California Colleges and Universities, the International Association of Baptist Colleges and Universities, and the Consortium for Global Education

With the popularity of online education, it’s great to see a local school excelling in providing top notch education via the internet. California Baptist University is always expanding and improving in a remarkable fashion. Representing Seizing Our Destiny’s location of choice pillar, CBU attracts students and professionals from across the country due to the great reputation and their outstanding scholastic achievements.

To read the full article, click here.

Riverside Ranks 5th For Cities To Live In For Empty Nesters

(The article contains excerpts from the article written by Ann Brenoff and published in The Huffington Post on January 8, 2015.)

mall at night

When the kids are gone and you no longer care about the quality of neighborhood schools, a new realm of possible places to live opens up. Rent.com compiled a list of the 10 top cities for empty nesters — their first — based on low crime, lower-than-average living costs, climate and convenient access to travel.

Rent.com’s Senior Brand Manager Niccole Schreck noted that there has been a cultural shift toward urban living among empty nesters. “For that reason,” she told The Huffington Post, “it is not surprising to see the cities that made our list are typically outside major urban markets with a plethora of activities, excitement and culture available to renters over 50.”

With the growing number of senior citizens in the U.S. it is important that cities

With the growing number of senior citizens in the U.S. it’s important that cities have great weather, apple recreational activities, and access to major highways. Being located in the heart of Southern California, Riverside provides all of those things at a reasonable price making it location of choice for not only senior citizens but for people of all ages.

5. Riverside, California
College towns make great retirement places because they come with a host of built-in cultural activities, not to mention pet sitters when you want to travel. UC Riverside is a great campus, and is also home to the Riverside Sports Complex. Riverside is also home to the parent Washington navel orange tree -– mother to millions of navel orange trees the world over and one of the two original navel orange trees in California.

To read the full article, click here.

 

What’s For Lunch? More Often, It’s Fresh And California-Grown

(This article contains excerpts from the article written by Dayna Straehley and published in The Press Enterprise on January 2, 2015.)

Photo Credit: Stan Lim, The Press Enterprise
Photo Credit: Stan Lim, The Press Enterprise

On California Thursdays at Hillcrest High School, lunches made with fresh vegetables sell out first.

California Thursdays started Oct. 23, and is already a hit at schools such as Hillcrest. The center worked with school food service directors, farmers and produce distributors to develop recipes that students enjoy and can be made from scratch with fresh ingredients grown in-state.

They’re an alternative to frozen, processed, prepackaged meals shipped from out of state and reheated for schools, according to the center, a nonprofit dedicated to education for sustainable living and based in Berkley. Sometimes produce from California is shipped to Chicago and other distant locations for processing before it comes back to schools, the center said.

Photo Credit: Stan Lim, The Press Enterprise
Photo Credit: Stan Lim, The Press Enterprise

The California Thursdays entree features broccoli buds andcelery slices from Salinas, sliced red peppers from the Coachella Valley, sliced onions and matchstick carrots, rice grown in California and chicken. Food service workers put the vegetables on baking pans with a little water and into the oven. The cooked vegetables are then placed on top of the chicken and rice.

Although the full entree of only California-grown food is a weekly feature, Alvord Child Nutrition Services Director Eric Holliday said his department works with Sunrise Produce to include as many fresh fruits and vegetables as possible to serve students every day.

The fruit also has fewer preservatives and the apples aren’t waxed like the ones in supermarkets, said Lisa Marquez, vice president of sales for Sunrise, which works with farmers and 75 to 80 school districts in Southern California.

Holliday said schools try to educate students about food and teach them where it comes from. Those education efforts encourage students to eat more fresh foods that may be unfamiliar initially.

Located in beautiful Southern California, Riverside has weather that is conducive to the production of year-round produce and excellent recreational opportunities.  Riverside is a location of choice for those that desire a healthy lifestyle.

To read the full article, click here.

Co-Working Space Invigorate Downtowns

(This article contains excerpts from the article written by Rachel Duran and published in Business Expansion Journal on January 04, 2015.)

Photo Credit: Business Expansion Journal
Photo Credit: Business Expansion Journal

The re-emergence of America’s downtowns is luring talent to once again work in, live in and play in these sections of town. In the middle of it all are co-working spaces and hubs, where entrepreneurs and startups gather to support each other, leverage resources such as entrepreneurs in residence, and most importantly, prove their ideas in the hopes they will move into incubation facilities in the community to further grow their ventures.

“The purpose [of co-working spaces] is to keep talented young people graduating from the universities and college in Riverside connected and rooted in our city,” says Riverside, California’s Mayor Rusty Bailey. When he took office he invited entrepreneurs to get involved in forming a co-working space in the city’s downtown.
It so happens a group of entrepreneurs had been regularly meeting at a local coffee shop, each putting $100 in a jar each month to support their fledgling efforts. “The mayor and the city helped facilitate finding a space in downtown so this group could continue to meet,” says Kevin Carrington, founder and CEO, Carrington Industries, who had joined the original group meeting at the coffee shop. “The monthly dues allowed us to move into that space.” Bailey says the city awarded the group $10,000 to start a co-working space on Main Street.

Co-working spaces are often run by the community within the space. These spaces provide affordable work spaces for entrepreneurs, typically providing desks, chairs, open floor plans, Wi-Fi services, shared services, access to conference rooms, and other amenities. The majority of hubs are connected to mentors, serial entrepreneurs and/or funding resources, which is vital to companies that are somewhere between the idea and the proof of concept stages.

At Riverside.io, the “ecosystem is friendly for any tech company that is trying to get off the ground, or if you want to be part of a tech community working on a project or if you want to be among developers and hackers,” Carrington says.

This is an outstanding representation of Riverside as a location of choice. For small businesses across the country, choosing what location to set up shop can be difficult and exhausting. Riverside attracts creative, entrepreneurial, dynamic, and diverse people as residents, workers, business owners, and students. Riverside has increasingly become the ‘location of choice’ for people and organizations from all over the world.

To read the full article, click here.