April 14, 2014
Sonoma County businesses are outperforming the United States as a whole in expenditures for growth and customer demand, supporting an overall upward trend for commercial-sector confidence, according to a new report.
March 18, 2014
SANTA ROSA — Sonoma County’s economy is poised to further recover through 2015, bolstered by national growth that will spur gains in tourism and the wine industry, while additional support will come from a growing life sciences cluster and a stronger housing market, according a report on the local economy released Tuesday.
January 24, 2014
ROHNERT PARK — Sonoma County is part of a wave of technology and innovation that is lifting the economies of coastal California cities above those of many areas of the U.S., particularly places dependent on “old” industrial output such as California’s, a UCLA economist told several hundred local professionals.
Entrepreneurs as a percentage of total Sonoma County jobs has doubled in the last five years and is similar to what has been seen in San Francisco, Silicon Valley, Los Angeles and San Diego, according to Jerry Nickelsberg, PhD, senior economist for the UCLA Anderson Forecast.
November 25, 2013
High-end distilleries in the North Bay and across California are stepping up their efforts to ease restrictions they say is hindering growth at a time when demand is soaring, as with the state’s recent surge in craft beer.
November 18, 2013
SANTA ROSA — Sonoma County’s fast-growing craft beer and beverage industry is poised to add further benefit to the local economy, producing jobs and luring tourists from all over the world to the region.
That was the main takeaway from a host of experts speaking at the first-ever Sonoma County Beer, Cider and Spirits Conference, featuring a host of industry leaders and sponsored by the county’s Economic Development Board.
October 28, 2013
Sonoma County Economic Development Board is advancing in its effort to assist very small “micro-enterprise” companies in their access to capital, with plans to begin rolling out a targeted technical assistance program before the end of this year. …
Improving loan quality has helped Santa Rosa’s Exchange Bank to realize a profit of $11.43 million for the first nine months of 2013 — up 27 percent compared to the same period last year, the bank announced. …
Bank of Marin Bancorp, parent company of Bank of Marin, announced a 25 percent increase in third-quarter earnings compared to the same three-month period in 2012. …
After a profitable third quarter including growth in its loan portfolio, Bank of Napa N.A. has exceeded $150 million in assets for the first time in its seven-year history. …
October 21, 2013
ROHNERT PARK — Rohnert Park is becoming an increasingly powerful force behind Sonoma County’s overall economy, drawing thousands of new visitors to the region while preparing for a number of significant housing projects in the coming years, according to a panel at the annual Impact Sonoma conference.
August 21, 2013
SANTA ROSA — Sonoma County business executives were more confident about the direction of the local economy this summer than in at least a dozen years, according to a report released Wednesday.
June 28, 2013
ROHNERT PARK — San Francisco Federal Reserve President John Williams told a group of hundreds of Sonoma County business leaders today the central bank’s efforts to push down long-term interest rates could start tapering later this year, citing his forecast for lower unemployment and other improving economic indicators.
June 24, 2013
NORTH BAY — After a number of accounting and advising firms have found a focus in serving the specific needs of the North Bay wine industry, demand from a different beverage category — craft beer — is highlighting another niche for tax and bookkeeping in the region.
June 20, 2013
The craft brewing and beverage sector in Sonoma County contributed an estimated $123 million to the local economy in 2012 while directly supporting 500 jobs, according to the first-ever study of the industry by the county Economic Development Board.
May 21, 2013
Visitors to Sonoma County spent $1.47 billion in 2011, a more than 9 percent increase over 2010, according to the latest figures released by Visit California.
April 22, 2013
SANTA ROSA — To help strengthen local business access to global markets, keep jobs at home and provide North Bay companies with information they can use to expand and facilitate foreign trade, the Sonoma County Economic Development Board and the U.S. Department of Commerce plan to co-host a first-of-its-kind export seminar in Petaluma on May 9.
In other import-export news, a proposed expansion of the existing Foreign Trade Zone No. 3 to encompass much of the North Bay has moved closer to completion.
February 25, 2013
Executives of Sonoma County businesses are more confident about the current and near-term future prospects for the local economy than 2006, when the local economy started slowing, and are even more positive about their own industries, according to report released today.
And the business outlook over the next six months for Sonoma County is positive in several industries, according to a periodic survey commissioned by the Sonoma County Economic Development Board.
February 11, 2013
Following a year when Sonoma County businesses provided some of the fastest job growth in the nation, local economic-development groups are rolling out initiatives to continue the momentum in 2013.
January 23, 2013
ROHNERT PARK — Sonoma County’s economic recession that led to more than 25,000 jobs lost is mostly over, as job growth through most of last year outpaced that of the Bay Area, state and nation as well as nearly matching national growth leader North Dakota, an economist with the closely watched UCLA Anderson Forecast told an annual gathering of civic and business leaders in the county.
January 7, 2013
SONOMA COUNTY — Boosted by wine, tourism and a growing medical device sector, Sonoma County’s economy enters 2013 with “new positive momentum” and is expected to outpace the state and national averages for job growth next year, according to a quarterly economic report prepared by the Sonoma County Economic Development Board.
December 31, 2012
NORTH BAY — While the Federal Reserve’s continued effort to keep interest rates as low as possible has helped many borrowers to refinance existing debt or purchase property in 2012, that same economic policy has also narrowed margins for financial institutions and investors and created a period of historic challenge for firms of all sizes in the North Bay and beyond.
December 3, 2012
NORTH BAY — Oakland-based microlender Oakland Business Development Co. is now actively pursuing borrowers in the North Bay and beyond, bolstered by a new loan program backed by the U.S. Small Business Administration and by demand created in a financial climate that has pushed traditional lenders away from smaller loans in recent years.
October 19, 2012
With a steady increase in import-export activities by a growing number of companies and manufacturers in North Bay, the Port of San Francisco has approved eligibility for the expansion of the boundaries of its existing Foreign Trade Zone No. 3 to encompass much of Sonoma County, part of Napa County and all of Marin, Solano and Contra Costa counties.
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