Weekly Wire Roundup $2.75M in Clean Energy Grants, $122M Industrial Property, Freshworks Class action lawsuit and more

By: Sharjeel Sohaib


Dec 4, 2022


Startempire Wire Weekly Round up

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Weekly Wire Roundup Video

This is Startempire Wire’s latest weekly wire roundup.

CaIOSBA Announces 6 New Members of the 2022 Entrepreneurship & Economic Mobility Task Force CalOSBA is the voice of small companies throughout the state, pushing for equal access to financing, grants, markets, and business resources. CaIOSBA recently welcomed six rising entrepreneurs to its network, The 2022 Entrepreneurship & Economic Mobility Task Force (EEMTF). Check out on our website the names of entrepreneurs who have been made part of the task force.

Cities and Counties in the Inland Empire Receive $2.75M in Clean Energy Grants On 22nd November 2022, Representative Norma J. Torres (CA-35) announced that communities and counties in the Inland Empire would receive more than $2.75 million in renewable energy awards. The funding comes from the Department of Energy’s Energy Efficiency and Conservation Block Grant (EECBG) Program. EEBG supports the development of clean energy projects across the country to reduce pollution, lower energy costs for families, and keep the United States on track.

REDA Pays $122M for 130 Acres of Industrial Land in Southern California Real Estate Development Associates (REDA) plans to build another significant new industrial development in Southern California, this time in a distribution center utilized by the nation’s leading eCommerce and logistics firms. REDA paid $122 million for 130.2 acres in the Inland Empire and will build one phase of the South Ontario Logistics Center near the Chino Airport. The project will create 2.9 million square feet of Class A logistics space in Ontario, California, near Euclid Avenue and Merrill Avenue.

Modern Pro Solutions Founder, Bobby Tetsch, Wins 2 Awards at the 2022 Spirit of the Entrepreneur Awards

Modern Pro Solutions announced that CEO Bobby Tetsch received two awards at Riverside’s Spirit of the Entrepreneur Awards. Bobby Tetsch is a self-taught entrepreneur. In 2018, he established Modern Pro Solutions (previously Pacific Energy Network) Bobby Tetsch started Modern Pro Solutions to build a vertically integrated organization capable of offering advanced solutions and in-home services based on his years of expertise in the solar sector.

Business Activity in the Inland Empire Is on the Rise Despite a National Decline According to the new Inland Empire Business Activity Index by the UCR School of Business Center for Economic Forecasting and Development, business activity in the Inland Empire has continued to rise, in contrast to the fall in the national GDP. This sounded surprising, given the recent news of layoffs by tech companies. We dug out the latest data, and the most current statistics represent a considerable growth reduction from previous quarters.

Cloud-based Software Company Freshworks Faces Class-Action Lawsuit A national law firm specializing in Securities Litigation, Class Actions, and Commercial Litigation – informed investors that a class action lawsuit had been filed on behalf of purchasers of Freshworks, Inc. (NASDAQ: FRSH). The complaint alleges that Freshworks made false and/or misleading statements in its registration Statements and Prospectus.


(Tuesday) Consulting & Building Efficient Tech Solutions with Manal Iskander of PCTronics Managed IT Services

– Manal Iskander

(Thursday) Accelerating Market Traction for SoCal Energy Startups with Zac Dobbin of Cleantech San Diego


1) #IEWP Monthly Meetup (General Meetup) – Tue Dec 6 – 7 PM [Riverside ExCITE]

2) 2022 State of Riverside County – Thur Dec 8 – 8 AM [Morongo Casino Resort & Spa]

3) Blue Social VIP Investor Launch Party – Thur Dec 8 – 6 PM [Grier Pavilion – City Hall Rooftop]

4) Entrepreneurship Consulting Info Session – Wed Dec 14 – 9 AM [Moreno Valley Business & Employment Resource Center]

5) What You Need to Know When Filing Your Taxes – Wed Dec 14 – 6 PM [12625 Frederick St. Suite K-3]

6) UC Riverside Apprenticeship Info Session – Mon Dec 19 – 11 AM [Moreno Valley Business & Employment Resource Center]

7) Founders Night YEAR END 2022 – THU DEC 15 – 5 PM [Riverside ExCITE]


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