Business
Recession Over; Economy Forecasted to Have a Rapid Recovery, but Long Term Consequences Are Still Unknown
“This natural disaster is a different kind of shock to the system than a typical business cycle. Natural Disasters, as tragic as they come, do not have long-run economic consequences.” –Christopher Thornberg Ph.D.
Written by: Rachel Silverman | Freelance Reporter for IEBJ
Thursday, June 24th, the Inland Empire Regional Chamber of Commerce hosted the 5th Annual San Bernardino County Economic Forecast Conference at The Enterprise Building in Downtown San Bernardino, co-hosted by the UCR School of Business: Center for Economic Forecasting and Development. Christopher Thornberg. Ph.D., the Director of the UCR Center for Economic Forecasting and Development, led the forecast report.
Edward Ornelas, Jr., President & CEO of the Inland Empire Regional Chamber of Commerce opened the conference with welcome remarks. Guests also heard a brief update from San Bernardino County’s 5th District Supervisor Mr. Joe Baca. Jian Torkin, a Commercial Real Estate Developer at RDICO provided a virtual presentation and update regarding the Downtown San Bernardino Carousel Mall redevelopment project. Earlier in the year, the City of San Bernardino voted 6-1 awarding RDICO the contract as master developer of the now vacant Carousel Mall. RDICO is a joint venture between two developer agencies — Renaissance Downtowns USA & ICO Group of Companies, hence “RDICO”. Additional reports and forecasting were provided by Patrick Adler, Ph.D.
Despite recent contradicting headlines about the state of the economy, Christopher Thornberg brought data to the table to truly explain the current state of California’s economy in response to the COVID-19 crisis.
“This was going to be a rapid economic recovery, regardless, because that’s what happens after natural disasters come to an end.” But with the addition of the priorly upcoming presidential election, both parties became embroiled in a contest of lobbing money at the economy. “This has taken what was going to be a rapid recovery and turned it into a rocket ship recovery.” Here Thornberg is referencing the $3.5 trillion in stimulus checks and tax relief provisions granted under the Trump administration and the addition of the $1.9 trillion relief plan added to the national debt under the Biden administration.

“That’s not costless.” Thornberg warns when referring to the stimulus, “When you are using fiscal policy and borrowing trillions of dollars when you are not using monetary policy and expanding the money supply at a record pace, there are very real consequences to those policy decisions. The gains we got relative to the cost we could face do not match up.”
“Right now, the recession is officially over.” declares Thornberg. The Pandemic Recession’s contraction has officially ended and was extremely short. It seems economic activity bottomed out sometime in April 2020, about 6 weeks after the February peak. Personal Income has gradually been rising since then (with a small dip in late October- early November,) and now we’re back to where we were before everything shut down.
But what about unemployment rates? “We’re below 6% right now. Of course, it’s still a little bit elevated.” But demand for labor isn’t weak, and yet jobs are down. “There were 9.3 million job openings in April. That’s the highest it’s ever been.” This is not a labor demand shortage; this is a labor supply shortage.
Now, why is this happening? Unemployment rates in California were at 7.9% as of May. This is in comparison to the historic high that occurred in April 2020 at 16%. For even more reference California’s historic low was not much before that in November of 2019 at 4.1%. Thornberg wants to make it known that it’s not as simple as ‘people just don’t want to work.’ “Some of it is just basic skill matches. You can’t just take a line cook and turn him into a manufacturing worker. It takes a little time.” This is especially prevalent in this cycle, where certain industries are still behind while others have surpassed pre-covid employment demand.
“Durable goods are way up, Services are way down,” Thornberg says. The fact of the matter is that some industries thrived during the pandemic. While restaurants closed down, sporting and hobby stores got more business than usual. That’s going to create an uneven recovery.
Another factor contributing to this phenomenon is the percentage of unemployed people who are temporarily laid off. “20% of people who are unemployed, well over a million, are actually in a temporary layoff. That means they’re not looking for a job. They’re waiting for their job to go back.”And some may say, ‘Well, there’s high unemployment payments, so people just don’t want to work.” Thornberg explains that it’s not so simple, “People have money in the bank, they’re not under a lot of financial stress. And that may mean they don’t want to work, and it may mean they just don’t want to work here.” He paints the picture for us, “Look; if you have money in the bank, you’re not gonna take the first retail job that shows up. You’re gonna wait for a job that’s gonna give you a career path. It isn’t necessarily a bad thing that people are taking their time.”
“The U.S. and California economies are going to take off like rockets in the second half of this year – and we’ll likely see higher-than-normal growth for at least two years, if not more.” ~ Christopher Thornberg
Business
Ontario Set to Open Newest Play Street Museum Location
A children’s museum and indoor play area that lets imaginations wander open soon to local community
Play Street Museum, an interactive children’s museum and indoor play area purposefully designed to encourage a young child’s sense of independence, exploration, and creativity, will be opening its newest franchise location in the coming weeks in Ontario, California. Locally owned by Teresa and Sergio Carreras, the coming location marks a key milestone in an expanding franchise program, with its first location in California.
“We’re thrilled to bring the newest Play Street Museum to Ontario for our local community to enjoy,” shared Teresa and Sergio Carreras. “After visiting Play Street Museum with our grandchildren, we knew we had to bring a location to California, and we’re excited to share it with the community and hope it serves Inland Empire families in big ways.”
“We’re proud empty nesters and even prouder grandparents of five wonderful grandchildren. Becoming grandparents has been one of the greatest joys of our lives. This season of life has given us the opportunity to slow down and truly savor the wonder of childhood again,” continued Carreras. “We look forward to welcoming local families, schools, and community groups to experience everything the new Play Street Museum has to offer.”
Teresa and Sergio Carreras believe children learn best when they’re having fun and can touch, build, pretend, and explore. Every exhibit at Play Street Museum Ontario is designed to spark curiosity, creativity and confidence. Whether children are running a pretend grocery store, experimenting with simple science, creating art, or climbing into imaginative worlds, children are learning skills that will stay with them for a lifetime. “This space is not just for kids. It’s for grandparents who cherish story time in a cozy corner. For parents who light up watching their child try something new. For caregivers who treasure the laughter and togetherness of play,” shared Carreras.
Play Street Museum offers an expansive, rotating curriculum at each location specifically designed for children under nine years of age. Everyday and every week is different at Play Street Museum, providing motivation and justification
for a scheduled time in families’ busy calendars. Play Street Museum Ontario also offers one-of-a-kind birthday parties, complete with comprehensive themes and options for parents from “Do-It-Yourself” to “Sit Back & Relax”, in addition to special events and activities during evenings and weekends.
In Scientific American’s article, “The Need for Pretend Play in Child Development”, Yale professor Dr. Scott Barry Kaufman summarized the last 75 years of research by declaring imaginative play as a “vital component to the normal development of a child.” By narrowing the focus of Play Street Museum and its indoor play areas to the interests and imaginations of children eight and under, young explorers discover educational exhibits and activities in a world specifically crafted just for them. The deliberate and manageable scale enables children to self-navigate throughout the children’s museum and indoor play area to engage deeply in activities about which they are most interested and passionate. This freedom reinforces independence in the child and also has the benefit of creating a more relaxed and accommodating museum experience for the caregiver.
“Play Street Museum is thrilled to welcome and open the Ontario location soon with our incredible partners, Teresa and Sergio Carreras. As parents and grandparents, they understand the powerful impact of play and intentionally sought to bring its benefits to this part of the Ontario area. They’ve taken their passion for children, education, and play and applied it to building a dynamic, local business that will support the health and well-being of their own community,” commented Play Street Museum Founder and CEO, Courtney Muccio.
Located at 910 North Haven Avenue, Suite 150, the new Ontario location makes the extensive, and well researched benefits of play easily accessible to the local community. The museum’s team of highly knowledgeable associates can provide guidance on additional opportunities to expand the play and learning, either on site or at home, from corresponding activity kits, to pottery, to slime kits, to sensory kits. Customers can also book their play time in advance in addition to schedule birthday parties or private events.
Families and customers can visit
https://www.ontario.playstreetmuseum.com/ to book playtime, birthday parties, field trips, and to check out special events.
Business
Sweet Success: The Inland Empire Regional Chamber of Commerce Teams with The Freaky Cookie to Elevate Local WBENC-Certified Business
How The Freaky Cookie Grew with Chamber Support: A WBENC Success Story in the Inland Empire
At the Inland Empire Regional Chamber of Commerce (IERCC), we pride ourselves on championing business growth and recognizing the powerful stories of our members. One standout example is Sheila Cavalier, founder of The Freaky Cookie—a fun and rebellious cookie catering company she launched in 2018 alongside her son, Marcus.

What began as a direct-to-consumer venture has grown into a business-to-business powerhouse, fueled by innovation, strategy, and strong community ties. The Freaky Cookie specializes in custom-labeled, individually wrapped cookies for corporate gifts, bulk orders, and special events. Their nostalgic family recipe, dating back over 90 years, delivers both flavor and flair. As Cavalier puts it, “There’s never not a need for a large amount of cookies.”
Recognizing a unique market opportunity during the pandemic, Sheila pivoted the business model to focus on custom-branded cookies—meeting the surge in demand for individually packaged baked goods that also serve as creative marketing tools. “Corporations were tired of traditional marketing,” she recalls. “Our custom-labeled cookies became a fun, fresh alternative.”
In 2022, Sheila connected with IERCC President Edward Ornelas Jr. during the Multi-Chamber Mixer at Ontario International Airport. That meeting led to The Freaky Cookie joining IERCC, which soon opened doors to strategic partnerships and increased visibility. Through the chamber’s vast network and advocacy, Sheila has built relationships with organizations such as Bank of America, Fifth Third Bank, Top Golf, and Southwest Airlines, which featured The Freaky Cookie in their 50th Anniversary celebration at ONT.
“The IERCC has been a warm and welcoming space,” Cavalier said. “Having the chamber validate our business really means something. It’s helped us get our foot in the door with so many great companies.”
The impact has been tangible. With increased revenue and expanded operations, The Freaky Cookie is no longer just a clever name—it’s a growing force in regional commerce. As Sheila puts it, her goal now is simple but powerful: “Deliver smiles.”
Business
Fire Helmet Manufacturer Helps Disabled Community find Employment
Riverside’s Phenix Technology Leads with Inclusion, Empowering the Disabled Community Through Workforce Training and Employer Education
Written by Logan Rosselli, IEBJ Content Contributor
In the heart of Riverside, off of Chicago Avenue, a small, but mighty team has been quietly manufacturing life-saving equipment for firefighters across the world for over 50 years. Phenix Technology Inc. is an internationally recognized fire helmet manufacturer who builds their products from start to finish right here in the Inland Empire. For their great products, they’ve received numerous awards such as the Greater Riverside Chamber of Commerce’s 2025 Innovator of the Year, a 2016 “E” for Exports award from the U.S. Department of Commerce, a finalist position in the “Coolest Thing Made in California” competition and more. However, their most recent accolade doesn’t involve their products at all.
In 2024, Phenix founded the ground breaking “Opportunity for All” program to provide disabled community members with the opportunity to access career education, hands-on experience and employment opportunities through an 11 week training cohort. In this program, neurodivergent individuals wanting to find stable employment learn about standard hiring practices, writing a resume, effective interviewing and professional attire while getting on-the-job training with a partnered employer in the community. It has helped dozens of disabled community members to find a new sense of independence and achieve their full potential while helping local employers find dependable employees who bring a unique perspective to the workplace.
It’s for this program that the National Association of Workforce Development Boards (NAWB), a representative of over 570 workforce development boards across the United States, honored Phenix with the prestigious W.O. Lawton Business Leadership Award in late March.
“While we take tremendous pride in the products we make, we also believe we have a mission to create a better world through developing opportunities,” said Angel Sanchez, CEO of Phenix Technology in a statement released in early April. “Opportunity for All has helped prove that individuals who have historically been excluded from the workforce don’t just contribute — they elevate organizations. We are honored to receive this national award and grateful to the partners who have helped us make this vision a reality.”

CEO Angel Sanchez Jr. accepts the NAWB Award
Though “Opportunity for All” is certainly the cornerstone program for the company, Phenix’s leadership team was not satisfied to leave their mission there. Thus, in 2024, the company founded its nonprofit arm, Phenix Gateway to offer more programs and advocacy to the community. Through Phenix Gateway, the company offers workforce development workshops for individuals who don’t need the full scale of the “Opportunity for All” program, but want to improve a specific skill like resume writing or workplace social skills.
However, Phenix knows that preparing disabled people for the workforce is only one end of the equation; the workforce also has to be prepared to accept the unique skills, perspectives and challenges of the disabled community. For this reason, Phenix Gateway offers employer training workshops as well as educational materials available to businesses and the community. Training programs cover a lot of ground, ranging from assistance with optimizing interviews for people with neurodevelopmental disorders to creating sensory-friendly environments in the workplace.
In Riverside, these programs have had a huge impact on the local community. As of March 2025, Phenix’s Opportunity for All program has had over two dozen participants and 44% found stable employment through or after the program. Their one-off workforce development workshops have seen over 200 participants learn new skills and help them find employment and the nonprofit currently partners with close to 90 businesses to assist them in their endeavor to create a more inclusive workforce.

Phenix Gateway staff helps a program participant with his skills
For businesses or community members interested in learning how they can support or participate in these programs, Phenix encourages them to reach out by email to info@phenixgateway.org and to attend their First Annual Gala: Rising Together, A Phenix Gateway Celebration, on Thursday, May 15th. Tickets for this event are available at phenixgateway.org.
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