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University of La Verne and New Community Investments Partner to Launch the Randall Lewis Center for Entrepreneurship, Innovation, and Social Impact

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University is celebrating Hispanic Heritage Month Center by launching innovative program targeting aspiring minority entrepreneurs

To celebrate Hispanic Heritage Month, the University of La Verne is announcing that aspiring local minority entrepreneurs in Southern California will now have an opportunity to expand and hone their business acumen and skills courtesy of a new entrepreneurship program offered at the University. This opportunity is significant given the university’s demographics, location, and Latino small-business are the fastest-growing group of entrepreneurs in the U.S. 

The Randall Lewis Center for Entrepreneurship, Innovation, and Social Impact is the result of a new partnership between the University and NEW Community Investments, an organization dedicated to empowering the economic mobility of traditionally underserved and financially marginalized people groups by facilitating access to capital infusions that support the growth of small businesses. The new center will focus on increasing the economic power and impact of University of La Verne students, alumni, regional businesses, not-for-profits, and community organizations by providing entrepreneurial training to several learning cohorts each year and integrating academic and hands-on approaches to job creation and long-term career support. Through targeted training and ongoing support, the center’s ultimate goal is to take the economy of Inland Southern California to the next level. 

A recent Stanford report revealed that Latinos are starting businesses faster than the national average across several industries, growing 34 percent over the last 10 years compared to just 1 percent for all other small businesses. The growing success of Latino small business owners comes as Latinos are increasingly becoming an economic force in the U.S. and have contributed about $500 billion to the economy in annual sales.  

The Lewis Center for Entrepreneurship’s special focus will be on Hispanic and other underserved communities in the region, creating unparalleled opportunities for participants to generate economic momentum in their respective communities. The center will leverage the  University of La Verne’s expansive reach to reach these communities, with its seven regional campuses in Bakersfield, Burbank, Irvine, Ontario, Oxnard, Santa Clarita, and Victorville, plus two military centers at Vandenberg Space Force Base and Naval Base Ventura County. 

One of the key visionaries involved in developing the center is Quentin Strode, President, and CEO of NEW Community Investments. “Unrealized potential is a terrible thing to waste, and we recognize the tremendous talent and ambition that is prevalent among entrepreneurs from our diverse communities,”  Strode said. “Traditionally, incubator and accelerator programs have not focused on cultivating talent in underserved communities. Our center seeks to change this by providing more access to training, business education, and capital markets. We believe this will result in more sustainable community-based businesses, quality jobs, and wealth generation. We are focusing on community  businesses to create economic mobility for all of our communities.” 

As a proud Hispanic Serving Institution (HSI), the University of La Verne serves a highly diverse student body numbering over 7,000. Forty-three percent of its students are the first in their families to attend college. U.S. News & World Report has consistently ranked the university among the top five universities in the nation for social mobility, recognizing its success in empowering moderate and low-income students to move toward becoming high-earning professionals. Empowering entrepreneurs from underserved populations is a logical component of the university’s mission. 

“At the University of La Verne, we are always looking to the future,” said university president Devorah Lieberman. “Following the recent completion of a highly successful and record-breaking fundraising campaign, we are poised to seize opportunities for positive change like the Randall Lewis Center for Entrepreneurship, Innovation, and Social Impact. We pride ourselves on fully supporting our student’s social and economic mobility, their families, and our neighboring communities. This center is yet  another step to forward our mission.” 

“I am honored and privileged to be working on this innovative project that will actively focus and recruit from the area’s diverse burgeoning communities,” said Dr. David C. Lizárraga, University of La Verne trustee and founder and chairman of the TELACU Education Foundation. “This program is primed to attract participation from the emerging ranks of aspiring multicultural entrepreneurs who want to open a  successful business and contribute to the US economy. Given the university’s designation as a Hispanic  Serving Institution, I encourage all aspiring Latino entrepreneurs to look to the new Lewis Center for Entrepreneurship as a resource. Given its potential, I anticipate we’ll generate a real and powerful impact  on the business landscape in Southern California.” 

To view the backgrounder document describing the Randall Lewis Center for Entrepreneurship, Innovation,  and Social Impact, please click here: Individuals interested in applying for the inaugural class of the new Center can apply by clicking here. If you don’t think you are quite ready to join the university’s program, please check out its self-paced entrepreneurship course to begin your journey.

The Inland Empire Business Journal (IEBJ) is the official business news publication of Southern California’s Inland Empire region - covering San Bernardino & Riverside Counties.

Business

IE Chamber and AmCham Peru Forge Strategic Partnership for Business and Youth Development

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Building Global Bridges: IERCC and AmCham Peru Unite for Cross-Continental Business Growth and Youth Empowerment

On December 12, 2023, a landmark event unfolded as the Inland Empire Regional Chamber of Commerce (IERCC) took a significant step in expanding its international influence by forging a strategic partnership with The American Chamber of Commerce (AmCham) Peru. In a meeting that symbolized the dawn of a new era in cross-continental collaboration, Eddy Sumar, MBA, CCE, CICE, an esteemed member and Chair of Education and Youth Skills Development at IERCC, presented Mr. Aldo R. Defilippi, the Executive Director of AmCham Peru, with the Certificate of Honorary Global Member.

This partnership marks IERCC’s foray into the Latin American continent, signifying a major stride in its mission to build collaborative networks that facilitate market entry and growth for US and Peruvian companies. IERCC President and CEO Edward Ornelas, Jr. commented on this milestone, stating, “This partnership with AmCham Peru is a significant achievement for IERCC. It represents our dedication to fostering international business relations and our commitment to the growth of businesses in both regions. We are excited to embark on this journey, offering our members unprecedented access to new markets and opportunities.”

The collaboration between IERCC and AmCham Peru is set to open new avenues for businesses in both regions. It will enable members of AmCham Peru to tap into the vast resources and connections that IERCC offers, thereby facilitating smoother market entry and business expansion.

A key focus of the partnership is the development of youth and education programs. During the meeting, Mr. Aldo R. Defilippi was introduced to various initiatives led by IERCC aimed at empowering young entrepreneurs and business leaders of tomorrow. Further emphasizing this commitment, Mr. Defilippi received a copy of “The Hidden Dreams,” authored by Eddy Sumar, which explores the importance of identifying and pursuing the aspirations of young individuals.

Mr. Ornelas, Jr. further elaborated on the significance of this aspect, stating, “Our focus on youth and education is a testament to our belief that the future of business lies in the hands of the next generation. By aligning with AmCham Peru, we are not just expanding our business network, but also cultivating a fertile ground for young minds to grow, innovate, and lead.”

IERCC’s partnership with AmCham Peru is a forward-thinking move, indicative of its commitment to nurturing a global business community that supports both immediate business interests and long-term developmental goals. This collaboration is set to be a beacon of innovation, growth, and shared success, benefiting businesses and young leaders in both the United States and Peru.

As the Inland Empire business community looks on, the IERCC and AmCham Peru collaboration promises to usher in a new era of international business cooperation, bridging continents and cultures for mutual prosperity.

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Business

Beacon Economics Sets the Record Straight on the UCR Business Center Controversy

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Beacon Economics Sets the Record Straight on the UCR Business Center Controversy

By Ken Alan, Forensic Business Journalist

A series of articles reported by the Los Angeles Times in February and April stated some University of California faculty members were “Raising the alarm about a research center affiliated with UC Riverside that they say uses corporate funding for reports ‘attacking proposals to improve the lives of working Californians.’”

The articles cite an “Open letter to the UC Regents seeking investigation of UC Riverside — Beacon Economics relationship,” signed by 56 faculty members at UC Riverside, Berkeley and Davis, along with 44 graduate students. Most signatories appear to be humanities studies faculty with credentials in media studies, music, history and political science. The Times failed to question why faculty with more relevant credentials in business, economics and research appear to have only three signatures. 

The story states the letter to UC Regents was circulated by UCR Professor of Media & Cultural Studies Dylan Rodriguez, whose biography can be found here: profiles.ucr.edu/app/home/profile/dylanr.

No questions were raised about how the signatures were gathered at three participating schools and why closer Southern California campuses, such as UCLA or UC Irvine, weren’t included.

None of the articles explain why this petition was sent directly to UC Regents without first going through proper channels at UCR. “If there was some true complaint about the quality of our research, there is a system within UC Riverside to deal with that,” said Dr. Christopher Thornberg, principal at Beacon Economics. “There is an administrative office that handles complaints. And if they really thought that our research was substandard, they could and should have gone through that particular office. They didn’t. They went on this petition campaign. Most of the conversation is about how our answers are morally incorrect. And that’s a really slippery slope.”

The letter to UC Regents and ensuing negative press resulted in the UCR School of Business and Beacon Economics severing their partnership after seven years. “Obviously, the relationship between UC Riverside and Beacon was mutually beneficial. The school got a lot out of it,” said Thornberg. “UC Riverside is a fantastic institution. It is a reflection of what UC was built to be. Technically speaking, the center belongs to the school. It would be hard for me to see them continuing it. One of the biggest problems with these kind of centers is you have to have a motivated leader.”

Most of the controversy seems to stem from an August 2022 Beacon-UCR Research Report entitled “How Increases in Worker Compensation Could Affect Limited-Service Restaurant Prices.” In their letter to UCR Regents, the petitioners stated, “Beacon asserts that legislation allowing fast-food workers a say in setting their pay would mean fast-food price hikes of up to 20 percent or more. Fast-food companies are spending tens of millions of dollars to promote the findings of this report — which they funded. They are trying to convince voters that empowering fast-food workers — most of them women and most of them Latino, Black, or Asian — means a 20 percent ‘food tax.’”

“I’ve always been comfortable working with both sides as long as they’re comfortable with the fact that I’m going to give them the best answer I can on the basis of theory and data, not on the basis of some opinion of what’s morally correct,” said Thornberg. “For a very long time, we have dodged the culture wars. Not this time.”

The report clearly discloses that “This research was supported by the International Franchise Association.” Beacon Economics has prepared studies for both corporations and unions in the past. “We’re never going to sell answers. We’re never going to cozy up to one side or the other. Anybody who engages us in a contract will have to accept the results we come up with. It’s as simple as that. That is a rule we have gone by. I’ve had the opportunity of working, yes, with unions and with business organizations, with chambers and the United Way.”

Most of the conclusions presented in the report can be deduced by common sense, such as this summary statement: “If worker wages in the limited-service restaurant industry are raised, there is little doubt that workers who keep their jobs will be better off. But the change is not costless. Any increase in worker compensation will bring about an increase in prices for consumers, which could hurt lower income households who are already struggling with current inflation in food prices. It will also cause the industry to shrink, with fewer establishments and jobs.” 

The report goes on to conclude, “Compensation increases in the 20% to 60% range will cause prices … to increase between 7% and 22%.” The petitioners argue other studies show “about a half percentage point menu price increase for every 10 percent rise in the minimum wage.” Whatever the real number, minimum wage hikes usually mean higher menu prices and fewer employee hours, according to Harri, a workplace management software company that works with more than 4,000 restaurants. Anyone who has visited a big box department store or fast food restaurant recently knows that self-serve kiosks are already displacing human workers to reduce labor costs.

This entire episode truly saddens us. In a university environment, academic freedom and debate should be a cherished and protected norm, as should well-conducted empirical research, even if the conclusions of that research conflict with certain ideologies,” wrote Thornberg in an email to clients and business associates. “The ending of this partnership and the excellent work CEFD has done over the past decade for the community is not a win for the University, Beacon Economics or the Inland Empire region as a whole.”

The LA Times story also failed to fact check the letter’s claim that “Thornberg’s name doesn’t appear in school faculty or other directories.” Christopher Thornberg’s listing can be readily found in the UCR Profiles directory under “Affiliate – Research Associate” at profiles.ucr.edu/app/home/search;name=thornberg;org=;title=;phone=;affiliation=Affiliate

“When [UCR] first invited me to do the center, they asked me to come on campus and be a full-time faculty member and run the center. I was what they call an ‘unpaid faculty member.’ So I was basically nominated and approved by the business school to get a faculty position as an adjunct professor. But I wasn’t paid,” said Thornberg.

Beacon Economics will continue to operate in the Inland Empire without the affiliation of UC Riverside. “We’ll probably look for another partner at some point,” said Thornberg. “I’ve got nothing but support from our clients. All of our work that was being run through the university has been converted over to Beacon work. The only thing that’s really changing in terms of our efforts in the Inland Empire is the logo on the top of the page.”

Dr. Christopher Thornberg will be presenting on May 19th for the San Bernardino Council of Governments in Lake Arrowhead.

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Career & Workplace

Inland Empire Education and Workforce Summit Connects the Dots Between the Classroom and Careers

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The Inland Empire Connection: Merging Academic Paths and Career Journeys

Exclusive Report by Ken Alan, IEBJ freelance writer

A generation ago, parents and school counselors tended to defer talking to students about going to college until the last two years of high school. Today, kindergartners are likely to see their classroom dressed up with college pendants and banners that proclaim “we will go to college.” The line that once separated the classroom from careers has faded as schools now actively seek mentorships, internships and apprenticeships for their students and high schoolers are getting a head-start on earning college credits through concurrent enrollment at a junior college. These were just a few of the insights that highlighted the Third Annual Inland Empire Education and Workforce Summit in Riverside.

“Connecting business with education,” was the overarching goal of sponsoring the summit, said Cathy Paredes, Senior Vice President, Inland Empire Marketing Executive for Bank of America, which employs about 2,000 in the region. Since 2018, the company has sponsored a student leaders program, offering paid internships and work experience for various non-profits. About 100 applications were received last year for four internship opportunities. Next year’s program will start accepting applications in October. (More information can be found at bit.ly/3LtRN5p).

While promoting a college education remains their main focus, schools are adapting to the new reality of some students opting for careers that don’t require a degree. Riverside high schools offer 58 career pathways, referred to as CTE (Career Technical Education), where about 85% lead to immediate employment in good-paying jobs, according to Dr. Edward Gomez, Riverside County Superintendent of Schools, County Office of Education. CTE careers include graphic design, residential and commercial construction, financial services, medical assisting, pharmacy clerk, culinary management, cyber security, welding, emergency medical technician and many more. (Download the entire catalog at bit.ly/3JKZa7e).

Students choosing to enroll in college declined from a peak of 70 percent in 2016 to 63 percent by 2020. A study produced by the Hechinger Report attributed the trend to a dip in the population of college-age students, growing skepticism about the value of a college degree, and the cost of higher education now exceeding what many families can afford to pay. Meanwhile, traditionally low-wage fields have been offering starting pay well above the minimum wage.

“We need to focus on more than just college,” said former State Senator Connie Leyva in her keynote address. “There are lots of jobs that pay good wages that don’t need a college degree.” Leyva served on California’s Senate Education Committee for 8 years, 4 of those as chair. Last October she took the helm of San Bernardino public broadcasting stations KVCR TV and KVCR FM. 

During the press briefing that preceded the summit, Leyva outlined several initiatives to produce original educational programming: “KVCR is working with the (San Bernardino) County schools on a program called ‘Learn with Me.’ It will be 36 episodes. We write it, we direct it, we produce it, so it’s a very big endeavor. What’s unique about it is the fist portion is in English and the second portion is in Spanish.” The program will debut in June. KVCR also offers student internships in broadcast administration, production and fundraising.

Limited school counseling resources was cited as a key reason the discussion of career and college used to be deferred until late in high school. Now, schools have partnered with non-profits like Think Together, which offer after school programs, tutoring — and counseling.

“Schools have their hands full. So, we’re kind of ‘middleware’ that sits between the school and the workplace,” said Randy Barth, CEO.

Diego Martinez, now a mechanical engineering student at Mt. San Jacinto College, participated in Think Together program while attending West Valley High School in Hemet. “I joined the Vex Robotics group in my freshman year in high school. We designed and programmed robots that would complete certain tasks to complete with other Think Together sites in our region. Throughout my journey with Think Together there’s been a lot of interaction with the staff … I was able to get letters of recommendations for scholarships … Think Together has really supported me, all the way through high school and now in community college. I definitely wouldn’t be as far along as I am today without them,” he said. Martinez hopes to complete a bachelor’s degree at one of the University of California campuses.

Think Together also offers instruction in essential soft skills like public speaking, resume workshops and interview techniques.

“In the Inland Empire we have more apprentices per capita in our region than the rest of the State. We have more IT and cybersecurity apprentices than the Silicon Valley,” said Charles Henkels, Executive Director of Launch Apprenticeship Network. “It is an important economic development tool for our Inland Empire business community. It’s an earn-and-learn model, so it’s a win-win for both the student and employer.”

“If a student doesn’t have a plan to go college then we want to connect them to the industries that are hiring,” said Ted Alejandre, County Superintendent at San Bernardino County Superintendent of Schools. “The carpenter’s (union) has an apprenticeship program where, at age 17-1/2, students can start off at $19/hour but then move very quickly to $25/hour.”

“The pandemic really stifled opportunities for internships and jobs, so we really want to encourage businesses to go out of their way to give our young people these opportunities,” said Dr. Angelo Farooq, Chair at California Workplace Development Board.

“Today’s summit is really more than just discussing the challenges facing our workforce. It’s about exploring innovative and effective strategies to build stronger, more inclusive and more prosperous communities in the Inland Empire and beyond,” said Riverside City Mayor Patricia Lock Dawson who secured $4.4 million in Youth Jobs Corps funding last year. The program, called “CaliforniansForAll,” offers employment for youth ages 16-30 to develop career pathways and interest towards a career in public service in the key areas of education, climate, and food insecurity. The City places Fellows in part-time positions for up to two years in municipal departments such as Parks, Recreation, and Community Services, Public Works Street Trees Division, The Office of Homeless Solutions, and the Fire Department Office of Emergency Services. 

The summit was hosted by the Inland Empire Regional Chamber of Commerce together with partner Think Together and sponsor Bank of America.

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