Weekly Wire Roundup Cool Companies, January 2023 PMI Report, Best of CES 2023, and more

By: Editorial Staff

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Feb 12, 2023

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Startempire Wire Weekly Round up

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January 2023 PMI Report: Inland Empire Manufacturing Sector Shows Signs of Improvement

The Institute of Applied Research’s Inland Empire Purchasing Managers’ Index (PMI) has increased to 50.4, up from 47.0 the previous month. Two more months of PMI numbers above 50 are needed to consider the manufacturing sector in growth mode. The outlook for the Inland Empire economy remains “less than favorable,” with 46% predicting the economy will weaken in the upcoming quarter and 46% indicating it will stay the same.

Cool Companies: The fastest, most Exciting Startups in Southern California

Cool Companies is an annual capital program organized by Connect to match San Diego’s top-performing technology and life sciences startups with quality venture capital. A live event is often held by Connect/San Diego Venture Group, which combined last year, where Cool Companies can showcase their offerings to approximately 100 venture capital investors that travel to San Diego from all over the country. Cool Companies has raised over $850 million since 2015 and has the potential to impact the startup community as it continues to grow and evolve.

Billboard’s Best of CES 2023 Features Riverside-Based Startup, Edge Sound Research

The Consumer Electronics Show (CES) in Las Vegas is a premier event showcasing the latest technology and gadgets. EDGE Sound Research, a Riverside-based audio tech start-up, was featured in Billboard’s “Best of CES 2023” list for its innovative sound technology, ResonX. ResonX offers immersive audio experiences while protecting hearing and can be used in various settings, including sports arenas, bars, and living rooms.

Sprouts Farmers Market Brings Fresh, Affordable, and Sustainable Food to Victorville

Sprouts Farmers Market, which provides fresh and organic products at reasonable prices, is a retailer of natural and organic foods with over 380 locations in 23 states. Sprouts Farmers Market is opening its first location in Victorville, California. The new Sprouts location will occupy the 18,600-square-foot structure that once housed Toys “R” Us on Amargosa Road in Victorville. The building is located in a retail center with anchor tenants like 99 Cents Only, Party City, Get Air, and Hobby Lobby.

JDS Creative Academy Gets $30,000 Grant for 7th Annual DigiFest Temecula Event

The City of Temecula has awarded a $30,000 grant to JDS Creative Academy’s digital media event, DigiFest® Temecula. The 7th Annual DigiFest® Temecula will have resources upgraded by the grant, which will be used for industry speakers, design and technology, and advertising. JDS Creative Academy is a 501c3 non-profit organization that promotes education and training in the performing and visual arts and fine and producing arts.

Cherry Valley Logistics Center in Inland Empire East Sold to a Real Estate Fund

Shopoff Realty Investments (“Shopoff”) and Artemis Real Estate Partners (“Artemis”) sold their Cherry Valley Logistics Center project to a Brookfield Asset Management real estate fund. This 1.8 million-square-foot logistics center is located in the Inland Empire East. Brookfield Properties, represented by CBRE, leased the building to a global e-commerce retailer with plans to employ nearly 1,000 employees at this location. 

Events

1) Fontana State of the City – Thu, Feb 16 – 5 pm [Water of Life Community Church]

2) Black Innovation and Entrepreneurship Event Series – Tue, Feb 14 – 10:30 AM [Online & In-person]

3) Community Conversations: Black History Month – Thu, Feb 16 – 6 PM [Council Chambers at Corona City Hall]

4) March Mixer – Thu, Mar 2 – 5:30 pm [Kalmia Street, Murrieta] 

5) SBDC Start – Feb 2 – Mar 9 – 10 AM [Online]

6) Annual LEILA Awards by National Latina Business Women Association – Inland Empire – Fri, May 12 [DoubleTree Hotel / Ontario Convention Center]

7) The CBU Family Business Center Breakfast Series – Thu, Mar 16 – 7 AM [Innovators Auditorium]

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