Rebates under ‘Cash for Clunkers’ program viewed as tax exempt

The state Board of Equalization has announced that rebates under the federal Car Allowance Rebate System program are exempt from state sales and use taxes. The CARS rebates, paid by the Transportation Department’s National Highway Traffic Safety Administration, are considered nontaxable sales to the U.S. government, according to the news release.  More information: (800) 400-7115, www.boe.ca.gov

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Ontario company forms forensic accounting business

Eadie and Payne LLP in Ontario has formed a new subsidiary, EP Forensic and Valuation Services LLC. The new company will provide services related to financial forensics, fraud examination and audit, investigative services, fraud control and deterrence, and valuation services, a news release said.  The new company is led by President Todd Landry, a partner with Eadie and Payne LLP, and David Wall, director of forensic services.  More information: (909) 466-5252, www.epforensics.com

Women’s business center to hold free class on starting a business

Cal State San Bernardino’s Inland Empire Women’s Business Center will hold a free workshop Saturday, Aug. 1, to help people who are considering launching a new business or who already operate their own businesses.  “Successful Start-Ups: The ABCs of Starting Your Own Business” will be from 9 a.m. to noon at the center’s office, 202 E. Airport Drive, Suite 155, San Bernardino.  According to a news release, participants will receive contact information for government and business entities that can assist with the start-up process.
More information: Carla Ulloa at (909) 890-1242; or www.iewbc.org

HUD allocates $1 million to Inland Empire recovery

The Inland Empire Economic Recovery Corporation, a public-private partnership created in 2008 to combat the impacts of home foreclosures on the Inland Empire, will receive a $1 million appropriation from the U.S. Department of Housing and Urban Development. According to a news release, the funding was secured by Rep. Jerry Lewis, R-Redlands.  The corporation’s executive director, Robert Hooker, said the $1 million federal allocation is most appreciated and will help to increase the corporation’s ability to acquire, renovate and sell more foreclosed homes in the Inland Empire.  San Bernardino County committed $2.5 million to the corporation in January.  Total funds available to the corporation now exceed $50 million, according to the release.

CVB Financial raises $132.5 million with common stock offering

CVB Financial Corp., parent company of Ontario-based Citizens Business Bank, sold 22,655,000 shares of its common stock during its recent offering. The public offering was priced at $5.85 per share. The total includes the exercise by the underwriters of their over-allotment option, and gross proceeds to the company are about $132.5 million, according to a news release.  Information: www.cbbank.com

Women’s business center offers workshop on franchise ownership

Budding and veteran entrepreneurs can learn about the rewards and risks of franchise business ownership at a workshop Aug. 6 offered by Cal State San Bernardino’s Inland Empire Women’s Business Center.  “Starting Your Own Business: Is Franchise Ownership Right For You?” is scheduled 9 – 11 a.m. at the center’s office, 202 East Airport Drive, Suite 155, San Bernardino. Cost: $15 if pre-registered online; $20 at the door. Information: Carla Ulloa at (909) 890-1242; www.iewbc.org

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Ontario company earns sixth ‘Good Corporate Citizen’ award

UniTech Services Group in Ontario has been named a “Good Corporate Citizen” by the Sanitation Districts of Los Angeles County for the cleanliness of wastewater it discharges into the region’s municipal treatment and distribution system, according to a company news release. UniTech discharges more than 800,000 gallons of water annually. In the release, UniTech General Manager Darrell Pike said it is the sixth time the facility has been the recipient of the honor.