University of La Verne to Open a Business School in Ontario, CA

By: Sharjeel Sohaib

β€’ 

Oct 21, 2021

 β€’ 


Grants β€’ News β€’ Riverside County

University of La Verne, CA struck a land-swapping deal with The City Council of Ontario to make a business school in Ontario, CA. The council woman Debra Dorst had an interesting comment about the news.

β€œIf we can get more bodies downtown, we can attract more retail business in the downtown, especially when it comes to restaurants, eateries, coffee shops and bakeries,” said Councilwoman Debra Dorst-Porada. Often, marketers say new businesses want to see a greater number of people within a 5-mile radius of downtown before they’ll open a new store or shop, she said.

Councilwoman Debra Dorst-Porada

$1 a year, 13,000-square-foot parcel at 214 E. Holt Boulevard

It is basically an exchange or swap of properties between the City Council of Ontario and the university, hence the near-zero lease amount of $1.

Randall Lewis Center for Entrepreneurship, Innovation, and Social Impact. The university is set to open the Randall Lewis Center for Entrepreneurship as it obtained a gist of $2 Million from real estate executive and philanthropist Randall Lewis, we reported.

β€œWe are calling it a potential expansion into downtown Ontario. β€œIt is a first step. We will see where it goes from here but we are optimistic about it.”

Rod Leveque, a University of La Verne spokesman

Randall Lewis Center for Entrepreneurship

Startempire Wire reported earlier this week that La Verne University is one among the four top universities of the Inland Empire region innovating and spending millions to set-up their entrepreneurship programs. Other universities that are pouring in millions of dollars to kick start their entrepreneurship programs include:

  • UC Riverside
  • California State University, San Bernardino (CSUSB)
  • California State Polytechnic University, Pomona, or Cal Poly Pomona 

$5 Million Economic Development Grant

The university is seeking investors to help build the new campuses in Ontario. As a start, it might seek a $5M economic development grant from the state along with tapping other investors.

It has yet to be announced as to what the new buildings would cost.

Trading the parking lot land for the Holt Boulevard land

Daily Bulletin

The exchange can be termed as a parking lot for prime Holt Blvd. land and which will help the university to offer classes at the Ontario annex campus.

Author

  • Avatar Of Sharjeel

    Sharjeel joined Startempire Wire as emerging technologies editor. Earlier, he worked at Silicon Canals, a leading English language technology media source for the Benelux and wider Europe. He covered the European technology and startup ecosystem digging into latest funding rounds of startups.

0 Comments

Submit a Comment

Connecting you with the best startups, people & events in the Inland Empire.

Related Articles

The Forbes Magazine Features University of California, Riverside  . . .

The Forbes Magazine Features University of California, Riverside . . .

According to Forbes magazine's list of top universities, UC Riverside is the No. 33rd public institution. Due to the great culture and top-notch graduate and undergraduate programs, many UC campuses and 17 other universities, including UCR, made it to the top 50. Key...

Stay Up On Startempire News

Access Premium Content

Startempire Wire premium content access is free during the beta period of ourΒ  website.Β  Join during beta and get a grandfathered discount when we launch.

$5 for first month then $15 per month

Get Every Update

Would you like to receive Startempire Wire updates in your inbox? Subscribe below!

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Follow Us

Follow Startempire Wire on other social media channels.

"*" indicates required fields

 
This field is for validation purposes and should be left unchanged.

My cart
Your cart is empty.

Looks like you haven't made a choice yet.