SBA Faith-Based Small Business Summit Connects Leaders in Faith & Business

Panel Discussion at the Faith-Based Small Business Summit

On October 11th, the U.S. Small Business Administration, AmPac Tri State CDC, the City of Riverside, the Inland Empire Women’s Business Center, the Inland Empire Small Business Development Center Riverside and several other partners hosted the 5th Annual Small Business Summit at the newly renovated Municipal Auditorium with the purpose of “Making the connection between faith & business”.

The Summit kicked-off with an update from Washington DC by keynote speaker Jerry Flavin from the SBA’s White House Office on Faith-Based Programs and Neighborhood Partnerships and a panel discussion. The event provided a unique opportunity for business owners and non-profit organizations at all stages to come together to network and learn from experts, speakers, and panelists committed to business growth. Attendees were also able to take advantage of workshops and one-on-one opportunities with lenders, SBA leaders and resource partners.

The SBA Faith Based Small Business Summit promotes collaborations and connections among businesses, nonprofit organizations, and faith congregations to provide resources and skill-building opportunities that engage the entrepreneurial spirit of business leaders and creates an even stronger foundation for small businesses in the local economy.

Click here to view the flyer from the event.

Click here to learn more about business resources from the City of Riverside Office of Economic Development.

Riverside Partners with TriState CDC to Help Grow Local Businesses

New and small businesses are the backbone of most local economies; a vibrant business community and a skilled workforce are essential elements of strong local economies. A central piece of the City’s Economic Development Plan is ensuring that local businesses want to stay and grow in the community and region.

On July 31, 2012, the City of Riverside and AmPac TriState CDC will launch their newest resource for small business owners operating in the City of Riverside.  The Riverside Micro Loan program will be available to assist local small business owners with developing, maintaining, and growing lucrative businesses. Developed through a collaborative partnership between the City of Riverside and AmPac TriState CDC, this program is a reflection of the City’s Business First philosophy and exemplifies Riverside’s efforts to help businesses thrive and create local jobs.

The Riverside Micro Loan is available to small business owners in the City of Riverside who are seeking micro-growth capital for expansion, relocation costs, major purchases and other business needs. The Micro Loans range from $5,000 to $10,000 with interest rates fixed for up to 36 months. To qualify, the business must have existed for at least 6 months in the City of Riverside, project profitability, and have a worthy credit history.

To learn more about the Riverside Micro Loan, small business owners are encouraged to attend the informational “Kick Off” on July 31, 2012 at 5:00 pm at City Hall. This is an invaluable opportunity to hear firsthand from AmPac TriState CDC officials about the program and have questions answered by the experts about specific qualifications and terms.  Download a copy of the Micro Loan event flyer here.

Riverside’s Business First policy makes the City of Arts and Innovation a location of choice for a wide range of businesses. The new Riverside Micro Loan Program will build on the City’s commitment to giving small businesses, large companies and budding entrepreneurs alike the tools, information and guidance they need to thrive and create jobs in Riverside. The Program will serve as a catalyst for innovation among the City’s cutting-edge businesses and leaders by providing valuable resources that enable them to have a profoundly positive impact on the region.

To learn more about the Riverside Micro Loan Program visit the Office of Economic Development website.

Sub Station Celebrates 40 Years Serving UCR and the Surrounding Community

Reproduced courtesy of the Press Enterprise:

Sub Station is celebrating 40 years of serving UC Riverside and the surrounding community.

In honor of the anniversary for people who buy a sandwich at 2012 prices, owner Richard Munio will roll back prices to 1972 – “the days when you could just hand us four quarters” — for a second one.

For a large Big Dude, the Sub Station’s signature sandwich, the difference would be $9.45 now compared with $1.60 then.

“A drink was 15 cents, a chip was 15 cents,” Munio said during an interview in the Sub Station’s party room. “We have to remember that gas was 32 cents and you could buy a new Volkswagen for 2,000 bucks. Our employees were getting about a buck five, a dollar 10 an hour. If they were doing a really good job they made a buck and a quarter.”

Munio is a New Jersey native who went to college in Colorado and Chico State and served Vietnam before winding up in Riverside.

He first opened the Sub Station with a partner on campus in February, 1972, and moved to the Bannockburn commercial complex on Canyon Crest Drive the following year.

Except for prices, not much has changed, according to Munio.

“We’ve added five sandwiches in 40 years. Whatever I knew then, I’m surprised that I can’t change it, modify it, improve it. I’m often astounded that whatever I did at age 25 still works today.”

Sandwiches still come wrapped with carrot sticks and peppers in waxed butcher paper. They are made with “semi-crunchy, chewy rolls” from a Garden Grove bakery that uses a 1950s recipe and the “secret sauce,” an oil and vinegar dressing.

“I have an attention to detail,” Munio said. “Everything in here was hand-made by me in 1972. The tables we’re sitting at – but they certainly don’t look like they’re 40 years old. Everything is 40 years old. Those patio tables, we just refinished them two weeks ago. We teach the employees to paint them and refurbish everything.”

The walls of Sub Station are filled with photo montages of his employees, “Subbers.” Images over the years show smiling college kids at work in the store, at parties or on beach trips. Munio credits much of his success to them.

“The Sub Station is as much about people as food,” he said. “I’ve got great staff. We do a lot of team functions and bonding events with our crew.”

A combination of challenging responsibilities and rewards gives him a high retention rate, he said.

“We try to get them as freshmen and sophomores and keep them for three years so we don’t have to retrain. They get to have a personal relationship with our customers. When they walk in, they can tell the guy (wants) a turkey and cheese plain, no mustard, and that’s it.”

He expects many of them to return for a mini-reunion this weekend, some coming in groups from places such as San Diego.

Customers and former employees who contacted The Press-Enterprise via e-mail affirm what Munio says.

“It is almost miraculous that a small sandwich shop can weather the tough business climate for 40 years,” said Andy Leeka, who Munio said was his first male employee in 1972 and is now president and CEO of Good Samaritan Hospital in Los Angeles. “During the four decades, Richard has supported numerous community events, including donating meals to UCR events, and been successful due to a loyal following.”

To read the full article, click here.

Small businesses like Sub Station are what contribute to Riverside’s small town feel and local business owners are especially important because they play a vital role in collaborating to build community.

Shop local at the Galleria and Receive a ‘Merrier Fridays’ Gift Card!

This holiday season, the Galleria at Tyler is giving Riverside residents even more reason to shop local. Every Friday in December is a “Merrier Friday” offering a $10 gift card to shoppers who spend $100 or more. Gift cards can be redeemed by presenting same day receipts to the Merrier Shopping Redemption Zone in Center Court at the Galleria.

Merrier Fridays is an important example of Shop Riverside, an exciting campaign to show the benefits of shopping locally. By spending your dollars where you live you are directly impacting your community and quality of life. Every time you purchase an item at a business, dine at your favorite eatery or take in a movie in Riverside, sales tax dollars come back to the City to continue fire, police, museum, park, transportation, youth programs and much more!