The Riverside Angel Summit 2021
Let’s start with an important deadline that you might not want to miss, that is the Riverside Angel Summit 2021. The registration for the summit closes in four days from now i.e. Sep. 10th, 2021. We wrote an article about the important dates in the upcoming two months long Riverside Angel Summit. To register directly, you can go to the event page here.
Industrial and Commercial Logistics Sector Heats Up in the Inland Empire
Back to the week’s happenings about the startups and startup funding that we covered in Startempire Wire’s news section. We reported how Duke Realty (DRE), a $10B industrial real estate company bought an important logistics and distribution property in the Inland Empire.
In another development related to heating up of e-Commerce logistics market in the region, Amazon announced it will open a fulfillment center in Victorville come 2022. The company said it will also open another fulfillment center in Ontario in the same year.
The Inland Empire has one of the most sought after industrial and commercial leasing marketplace. This shows up in the investment strategy of realtors, and the industrial leasing data of Inland Empire. DRE, one of the most active realtor in the region has its Southern California portfolio surpass 17 million square feet.
The housing market heats up
On the housing front, Realm Group announced it will open Magnolia Flats, a project with 450 new rental units in Riverside near Tyler Galleria.
“Magnolia Flats will be one of the largest new multifamily projects in the Inland Empire this housing cycle,” said Andrew Sinderhoff of Land Advisors, one of the deal’s brokers.
We also covered that Ontario Ranch recently passed Irvine Ranch as SoCal’s new home-hub. Why Ontario Ranch? Well, a quote by the senior marketing director for Brookfield Residential gives an insight.
One More Grant for the Chaffey College
Chaffey College is bagging one grant after another. The latest one is a $3.2 million state funding to build a welding training facility at Fontana. Last week we reported that Chaffey got a grant of $1.3 million from the James Irvine Foundation. The grant was meant to upskill Inland Empire’s youth and provide technical training and paid internships through the Industrial Technical Learning Center (InTech) in Fontana.
Startempire Wire’s editorial team plans to dig into the grants and funding proceeds philanthropists and organizations are funneling to the Chaffey College. Along with grants it regularly receives, Chaffey college obtained a historic $25M gift last month from author and philanthropist MacKenzie Scott.
Lastly, we couldn’t ignore that Assemblymember James Ramos secured a $1 million state funding for a job training program. The grant is meant to train people for jobs related to property management and maintenance services. Once again, Chaffey College will serve as the delivery partner for this program.
You can read the grant’s details and how it will be used here.
- The Inland Empire WordPress Meetup: Run by Startempire Wire’s founder, Verious Smith, this event will take place on Tuesday, September 7, 2021 from 7:00 PM to 9:00 PM PDT. It is a recurring event which takes place every 1st Tuesday of the month.
- The IDEA Exchange | September Meet-up!: This event takes place on Wednesday, September 8, 2021 from 5:30 PM to 7:30 PM PDT at the 4th Sector Ontario
Our goal at Startempire Wire is to act as a megaphone to connect the dots between the best startups, events, and people in the Inland Empire. Don’t forget to subscribe to our YouTube channel, and like/follow us on Facebook, Twitter, and Instagram.
Links to News Published this Week
- Duke Realty buys property in the Inland Empire as demand for modern distribution space soars
- Magnolia Flats: 450 New Rental Apartments Coming Soon in Riverside
- Chaffey College gets $2.9M state funding to build a welding training facility at Fontana
- Amazon fulfillment center comes to Victorville bringing 1k+ jobs to the city
- Ontario becomes California’s homebuilding hot spot
- Assemblymember James Ramos secures $1M in state funding for Inland Empire residents