Business News
SBA to close disaster loan outreach centers in San Diego County
Francisco Sánchez Jr., the associate administrator for the Office of Disaster Recovery and Resilience at the Small Business Administration (SBA), announced that the SBA will close its San Diego and Spring Valley Disaster Loan Outreach Centers in San Diego County at 6 p.m. on Thursday, May 23.
California's tourism spending hits record high in 2023
Travel spending in California reached an unprecedented high in 2023, attracting visitors from across the globe to the Golden State. A new report released by Visit California revealed that the state's tourism economy generated $150.4 billion in travel spending last year, outpacing the previous record of $144.9 billion spent in 2019 before the pandemic brought travel to a standstill. The surge in tourism created 64,900 new jobs in California in 2023, raising total industry employment to 1.15 million, which is 98% of pre-pandemic employment levels.
Latest News
Coachella awarded $10 million grant for Community Resilience Center
By Coachella Valley Times | May 8, 2024
The California Strategic Growth Council has awarded the City of Coachella a Community Resilience Center (CRC) Implementation Grant Award of $10 million to help further the City’s goal of making Coachella a more climate-resilient community. Funding will be utilized to retrofit an existing facility previously known as Hidden Harvest on Peter Rabbit Lane into the new Coachella Community Resilience Center, which will function as an emergency shelter, food and business incubator hub, garden space, resource center, and workforce training and development center. Partners that will...
10 million grant awarded for Community Resilience Center in Coachella
By Coachella Valley Times | May 8, 2024
The California Strategic Growth Council has granted the City of Coachella a $10 million Community Resilience Center (CRC) Implementation Grant. The funds will be used to convert an existing facility, previously known as Hidden Harvest on Peter Rabbit Lane, into the new Coachella Community Resilience Center. The CRC is envisioned as a multi-purpose hub that will serve as an emergency shelter, food and business incubator, garden space, resource center, and workforce training and development center.
CalChamber Raises Concerns with Anti-Business Legislation; Proposals Stall for the Year
By Coachella Valley Times | May 8, 2024
The California Chamber of Commerce has expressed its concerns with several bills, which have now stalled for the year. Additionally, one bill that was under the Chamber's scrutiny will not progress further.
Bureau of Labor Statistics report shows increased inflation in March
By M. N. Tirado | Apr 19, 2024
The U.S. Bureau of Labor Statistics (BLS) released their Consumer Price Index (CPI) summary for March 2024 with an overall increase of 0.4% Consumer Price Index for All Urban Consumers (CPIU).
Fantasy Springs Resort Casino to host Latin rock heavyweights Los Lobos, Los Lonely Boys
By Coachella Valley Times | Mar 28, 2024
Fantasy Springs Resort Casino has announced that it will host two of the most prominent bands in the Latin music scene, Los Lobos and Los Lonely Boys, on August 3 at 8 p.m. The press release stated that tickets for the show start at $49 and can be purchased by contacting 827-2946 or logging onto www.FantasySpringsResort.com.
Inaugural Coachella Valley Local Government Vendor Fair takes place in April
By Coachella Valley Times | Feb 15, 2024
The City of Palm Springs has announced the launch of the inaugural Coachella Valley Local Government Vendor Fair, scheduled for April. The event is designed to provide business owners with an opportunity to engage with local public agencies and understand the process of doing business with them.
Rising auto insurance costs linked to inflation, increased litigation
By Coachella Valley Times Report | Feb 15, 2024
Auto insurance costs have risen by 20.6% over the past year, significantly outstripping the overall inflation rate of 3.1%, according to the latest data from the U.S. Bureau of Labor Statistics (BLS).
Agua Caliente Casinos launches Pívat Cigar Lounge membership program
By Coachella Valley Times | Feb 15, 2024
Agua Caliente Casinos is gearing up to introduce its Pívat Cigar Lounge membership program, an event that will be celebrated today with a launch party at the Pívat Cigar Lounge.
City of Palm Springs and Oakview partner to transform historic theatre
By Coachella Valley Times | Feb 14, 2024
The City of Palm Springs has formalized a partnership with the Oakview Group to refurbish the historic Palm Springs Plaza Theatre into a venue for live music and entertainment. The restoration work is set to commence this spring.
Former MoviePass executive found guilty of embezzling to repay loan for Coachella festival expenses
By Coachella Valley Times | Feb 4, 2024
Khalid Itum, a 43-year-old former executive at cinema subscription service provider MoviePass Inc., has been found guilty by a jury of embezzling at least $260,000. The funds were used to repay money that he had borrowed to produce an event at the Coachella music festival. The verdict came after a three-day trial.
Business First Series returns to Palm Desert
By Coachella Valley Times | Jan 19, 2024
The Palm Desert Area Chamber of Commerce (PDACC), in collaboration with the City of Palm Desert, is set to revive the Business First Series. This initiative offers business professionals an avenue to seek answers to their queries about conducting business in Palm Desert.
Palm Springs International Airport smashes record with 3.2 million passengers in 2023
By Coachella Valley Times | Jan 11, 2024
Palm Springs International Airport (PSP) recently reported a record-breaking passenger traffic of over 3.2 million in 2023, marking the highest figure in its history. The airport anticipates another surge in passenger count for the current year.
Coachella Valley Economic Partnership's monthly Morning Insights forum to be held next week
By Coachella Valley Times | Jan 3, 2024
The Coachella Valley Economic Partnership (CVEP) has announced that its 2024 Morning Insights forum will commence next week, featuring a new roster of speakers and topics. The monthly event has also been relocated to a new venue.
Acadia Healthcare holds grand opening for its Coachella Valley Behavioral Health hospital
By Coachella Valley Times | Dec 22, 2023
Last week, Acadia Healthcare Company, Inc. celebrated the grand opening of its Coachella Valley Behavioral Health hospital in Indio with a ribbon-cutting ceremony. The hospital is expected to admit its first patients upon finalizing the necessary preparations.
Palm Springs International Airport concourse to be renamed Agua Caliente Concourse
By Coachella Valley Times | Dec 21, 2023
The RJ concourse at Palm Springs International Airport (PSP) is set to be renamed the Agua Caliente Concourse, following a sponsorship agreement between the airport and Agua Caliente Casinos. The new name is anticipated to become official in early 2024.
Agua Caliente Casinos deliver hundreds of Christmas gifts to Shelter From The Storm
By Coachella Valley Times | Dec 20, 2023
In a gesture that has become a holiday tradition over the years, Agua Caliente Casinos has donated more than 300 gifts to Shelter From The Storm’s Angel Tree Toy Drop. Casino employees delivered the Christmas presents to various Shelter From The Storm locations across Coachella Valley.
Refusal to negotiate in good faith may violate Unite Here’s labor peace agreement at LAX
By Coachella Valley Times Report | Dec 13, 2023
Unite Here's strike at LAX concession businesses may violate labor peace agreements intended to encourage good faith negotiations between parties. Despite a proposal for increased employee wages and pensions from travel hospitality group Areas USA, union leadership voted to strike the day after those terms were offered, prompting increased scrutiny of Unite Here's tactics.
Visit Greater Palm Springs TEAM GPS story to be featured in 2023 Green Destinations Top 100 Stories
By Coachella Valley Times | Dec 10, 2023
A story from Visit Greater Palm Springs (VGPS) has been chosen to feature in the 2023 Green Destinations Top 100 Stories. The selected Good Practice Story, titled "Nine Cities, One Oasis: Building a Tourism TEAM of Champions," narrates the establishment of VGPS’ TEAM GPS. This program brings together the region's cities and prepares its tourism and hospitality workforce to pursue a shared objective: sustainable tourism.