Weekly Wire RoundUp: BrightDrop, CapRock Partners, LaTerra Development, Uber & More

By: Editorial Staff


Jan 9, 2022


Startempire Wire Weekly Round up

GM Motors’ Commercial EV Maker BrightDrop to Have its First Dealership in Fontana

BrightDrop is a business brand introduced by the American manufacturer General Motors in 2021. The all-electric commercial vehicle brand of GM Motors has announced it will open its first dealership in Fontana, California.

“BrightDrop plans to continue establishing a small, focused dealer network capable of serving fleet customers throughout the United States.”Travis Katz, CEO and President | BrightDrop

The San Bernardino Valley College (SBVC) Foundation Obtains $200K Worth of Grants

Four organizations, namely Wells Fargo, The San Manuel Band of Mission Indians, Edison International, and SoCal Gas gave more than $200K in grants to The San Bernardino Valley College (SBVC) Foundation.

$100K Grant under Valley Bound Commitment

The San Manuel Band of Mission Indians has given almost $2 million to support a program at San Bernardino Valley College (SBVC) over the past 13 years. The program is named “Valley-Bound Commitment” that aims to reduce economic barriers that may deter academic success.

Three Inland Empire Projects to Get a Lion’s Share of $700M Venture Fund of CapRock Partners

Newport Beach-based industrial real estate investor CapRock Partners raised $700 million from its Logistics Venture Fund to invest $2 billion in industrial development totaling 15 million square feet throughout the Western US.

LaTerra Development Buys Apartment Development Site for $8.2M in the City of Perris, CA

LaTerra Development, a Los Angeles-based multifamily developer, has bought an apartment development site with 228 apartments in the City of Perris, CA. The transaction cost $8.2 Million to LaTerra; however, the developer will now have an in-demand property right in the heart of the booming Inland Empire. 

Uber Starts Operating at Ontario International Airport

Just when Uber has spread its operations throughout the world, and even inspired the ‘uberization’ of every legacy industry, it comes as a surprise that the ride-hailing app was allowed to operate on the Ontario Int. Airport just in the last week of Dec, 2021.

Cal Baptist University Teaches Business & Entrepreneurship to the Next Generation of Startup Ecosystem Leaders

California Baptist University is one of the top private Christian colleges and universities in Southern California. CBU offers associate’s, bachelor’s, master’s, doctoral and credential programs in Riverside, San Bernardino and online.

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