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Inside California's Economy
CalBizBlog

CALIFORNIA: A STRATEGY FOR PROSPERITY

Three years ago, I was asked by Wayne Schell, president and CEO of the California Association for Local Economic Development, CALED to examine the multiple business and economic development strategies that had been formulated in the state in the hopes of formulating a strategy of strategies for California. << MORE >>

Prosperity California

The following information is a bibliography of significant economic development and workforce related reports that have been completed during 2005-2008 pertinent to California from either a statewide or regional perspective for the formulation a of a strategy entitled Prosperity California.<< MORE >>

Survey of Biomedical Industry

CEOs find the lack of access to capital, a burdensome and uncertain regulatory environment and lack of innovation and productivity in research and development are the biggest threats to the biomedical industry's growth over the next five years... << MORE >>

San Jose /Silicon Valley Chamber Celebrates 125!

The San Jose Silicon Valley Chamber's 125th anniversary, "The chamber was
founded in 1886 and is now among the oldest and largest chambers in California,"
said Matthew Manhood, President & CEO.

Matt identified the following as one of the key historic accomplishments of the
Chamber:

Eighty years ago, members of the region’s business community—led by the chamber
 of commerce —helped create Moffett Field for the Santa Clara Valley. The chamber
raised $476,000 to buy a thousand acres of land in 1931 for the U.S. Navy to
establish a dirigible base. That former naval air station, as we all know, became
a key airbase during World War II and the Cold War and is now owned and operated
by the NASA Ames Research Center which is one of th significant assets of the
Silicon Valley.


CONGRATS!

California Cities: Most Expensive for Business?

Recenlty the Claremont schools in concert with the Rose Institute and Kosmont Consulting released their annul "Most Expensive Cities to Do Business" rankings. << MORE >>

Colorado Recruiting on the Cheap in California

Colorado Gov. John Hickenlooper and Denver Mayor Michael Hancock will lead an economic development trip to California Thursday and Friday to help grow and retain Colorado businesses. << MORE >>

Oregon to Lure Companies from California

Encouraged by a recent set of surveys, the State of Oregon will look to recruit California food processing companies that might be interested in relocating or expanding. << MORE >>

South Dakota to Recruit in California

South Dakota Governor Dennis Daugaard openly identifies that his administration is actively looking to lure companies out of California.<< MORE >>

The British Are Coming

One by land or two by water a British trade delegation organized by the advertising trade group IPA and supported by the United Kingdom’s Trade and Investment organization is coming to California to visit with social media and creative tech companies. << MORE >>

Creating an Australian California or Just California Dreaming?

Australians have been discussing the likelihood of the potential for Western Australia to become a power house of an economy to what California is to the U.S. << MORE >>

INDIANAPOLIS: A MISCUE IN BUSINESS ATTRACTION OF A CALIFORNIA BUSINESS

Recently, we reported at our daily newsletter the pending departure of a California business, LiteBox. It announced it was going to move to Indianapolis and create 1100 jobs in a $20 million 125,000 sq.ft. facility . . . << MORE >>

Citi Bank California Pulse 3rdQtr Survey

The survey revealed a new outlook on spending and saving among Californians, with 58 percent saying the way they spend and save has "forever changed" as a result of the recession.<< MORE >>

California, International Trade and Informed Protectionism

“Reducing trade barriers however small is good,” said Leslie Levy August of Boomerang Freight Solutions. She identified that as it pertains to FTA’s we need to be an engaged country and state on “informed protectionism.” “As a nation, we should want all markets to be open, however we need to protect US companies particularly as it pertains to the loss of intellectual capital,“ said August. << MORE >>

ECONOMIC DIRECTION SIMPLIFIED

This week (Oct. 4) Fed Chairman, Ben Bernanke spoke before the Joint Economic Committee of Congress. He discussed the economic outlook and directions. “It is clear that overall; the recovery from the crisis has been much less robust than we had hoped.” << MORE >>

Citibank Survey

According to the latest Citibank small business survey, the majority of California small business owners believe they are poised to grow or are already in growth mode. Forty two percent say they are “holding their own, but...<< MORE >>

CALIFORNIA JOBS FIRST

California Gov. Jerry Brown is calling for over $1 billion a year in tax relief for businesses that create jobs in the state. It would be one part of a three-part jobs creation program. << MORE >>

CALIFORNIA: Ranked, Rated & Graded - First Half 2011

California’s business environment has taken a hit in the first half of 2011, based upon third party rankings that the California Business Minute follows online and through its annual publication - California: Ranked, Rated and Graded. The state, its regions, counties and cities have figuratively taken it on the chin compared to 2010 business rankings for the same time frame. << MORE >>

OH MY, WHAT A WEEK IT WAS

We have been trying at the California Business Minute to publish a six month review, but given the events of the past week, it is apparent and even more important to do a week in review given the business and economic activity of the week August 7 – 13. << MORE >>

GOT IDEAS? Solving the Glut of Foreclosed Homes in California

Currently they are nearly 200,000 repossessed homes in nation that are owned by Fannie Mae, Freddie Mac. This represents about half of the total unsold repossessed homes in the nation. In July, there was over an estimated 56,000 homes in foreclosure or one in every 239 homes in California according to the real estate information firm, RealtyTrac. << MORE >>

CITI CALIFORNIA PULSE, 2nd Qtr. Survey 2011

In a sign of California's resiliency, a majority of the state's residents (74 percent) say the recent recession has not hampered their ability to achieve their life goals, according to the latest Citi California Pulse(R). << MORE >>