Located at the center of a geographic triangle linking San Francisco, the North Bay and Sacramento, Solano County is welcoming entrepreneurs and businesses looking for a place to locate or expand with favorable operating conditions, lower costs and other important perks.
Impact Solano, the North Bay Business Journal’s upcoming conference focusing on this county, will be held Wednesday from 8 to 10:30 a.m. at the Hilton Garden Inn in Fairfield. Cost is $45 per person and tables are also available. Call Linda Perkins, 707-521-5264.
The conference will feature an economic outlook and panel of of local speakers.Read the speakers' presentations in PDF format.Robert Eyler, Ph.D.Director, Executive MBA Program and Frank Howard Allen Research Fellow, Sonoma State University
Dr. Eyler will provide attendees with a macroeconomic overview of the nation and region, given the events of 2011 as the context for a general preview at 2012, followed by a close up outlook at Solano County.
His current forecast for 2012 for both national and state economies will be presented. The rationale behind this forecast will include an analysis of labor the market’s ability to generate jobs and reduce unemployment, and the slow growth of both production and incomes.
“There are some caveats to 2012 being a year of continued, positive economic news that must be explored," Dr. Eyler said. "The state budget may change in January, based on an inability of California to generate tax revenue to cover expenses in the first half of 2012, which may lead to state-level cuts."
Looking ahead, the federal government will be gearing up for an election year, meaning 2012 could be another year of stagnation and rhetoric versus proactive economic planning, according to Dr. Eyler.
At the local level, he believes Solano County should continue utilizing its defined clusters in life sciences, food and energy, as well as recognizing that regional competition will continue from all directions as both housing markets and job markets continue to recover slowly.
“The challenge for Solano County will be continuing to grow in the midst of macroeconomic uncertainty and slow movement in other markets that would support business clusters,” he said, noting clusters such as construction, professional and personal services.Sandy PersonInterim president, Solano County Economic Development Corp.
Ms. Person will describe the demographics of Solano County and its proactive economic development process.
She will also discuss the county’s business-friendly market environment and offer a preview of new commercial real estate transactions that are attracting an increasing number of firms into the area -- including two hybrid and all-electric vehicle manufacturers.
“Solano is one of the fastest growing sectors in the North Bay. It is a region that has plenty of open space for large and small plants and offices of every size,” she said.
Ms. Person will also provide a rationale on why so many firms are choosing to locate in Solano and what is attracting them.
“Major transportation arteries, more space to grow and expand, access to rail heads and air transport, plus close proximity to suppliers and partners, are some of the reasons for the recent flurry of new arrivals -- with more to come.
“We are experiencing a relocation and corporate migration trend as firms move from other cities and counties into our area to avail themselves of the many advantages our county has to offer,” she said.