Business & Economy

Business news

Report: Drought Won't Hurt California Economy

May 20, 2014
Joe Moore / Valley Public Radio

California’s drought may have a lot of negative consequences, but a new report out today says the state’s economy won’t be one of them. Katie Orr reports from Sacramento.

The report from Moody’s Investors Service finds, short term, California’s economy won’t suffer as a result of the drought. It finds the state’s reliance on income taxes and sales taxes will largely provide a buffer. H.D. Palmer with the governor’s Department of Finance, agrees the state’s economy has weathered the drought so far. 

Drought Could Cost California Agriculture Industry $1.7 Billion

May 19, 2014
Joe Moore / Valley Public Radio

A new study shows that California’s drought could result in severe economic losses for Central Valley farmers. As Amy Quinton reports from Sacramento, the analysis also shows the drought will mean thousands of job losses.

Joe Moore / Valley Public Radio

Concessions workers at Yosemite National Park held a rally today over concerns that a new contractor could leave some longtime employers out of work. 

The Delaware North Corporation has held the park's exclusive food service and lodging contract since the early 1990's. The National Park Service recently announced that it is soliciting new proposals for the deal. 

Sarah McDermott is with the Unite Here Local 19 union: 

New Bill Would Make Dining With Dogs Legal In California

May 9, 2014
Flickr user https://www.flickr.com/photos/jillchen/ / Creative Commons License / Flickr.com

It’s becomes common to see dogs sitting next to their owners on restaurant patios. But, as Katie Orr reports from Sacramento, dining with a dog that is not a service animal is actually against California law.

Joe Moore / Valley Public Radio

One of Fresno's oldest restaurants could soon have a new home, in what is now a parking lot at the Fresno Convention and Entertainment Center.

On Thursday the Fresno City Council is set to vote on a proposal to sell a portion of the city-owned lot at the corner of Ventura and O streets to Gary Lanfranco, owner of the Cosmopolitan Bar & Grill. 

Back in 2010, the city of Irwindale was so excited to lure the factory that makes Sriracha hot sauce to their area, they helped finance the $40 million project.

But earlier this month that same city council designated this once desired business as a public nuisance, over complaints from residents about spicy odors and burning eyes.

Sriracha sauce creator David Tran is now being peppered with offers to relocate his plant to other states and counties, including the San Joaquin Valley. The move could create hundreds of jobs and bolster the local economy.

America’s farmers are dying. But it’s not just because they’re aging. In 1978 the average age of the American farmer was 50, today it’s around 58. But there’s another even more troubling issue facing those who grow our food -  farmers taking their own lives.

City of Fresno

Downtown Fresno's Chukchansi Park could get some new mixed-use neighbors and a makeover, if a new development plan advanced by city officials moves forward.

According to a copy of the proposal obtained by KVPR,  the City of Fresno and the city's redevelopment successor agency are asking developers to submit plans to purchase publicly owned land near the stadium and build housing and retail developments. The project, which would cover over 5 acres, could also include a portion of land within the city-owned Chukchansi Park along Inyo Street. 

Ezra David Romero / Valley Public Radio

Craft beer has swept the country and can be found in almost any grocery store in California. One local brewery has helped spearhead the movement in the Central California. FM89 reporter Ezra David Romero visits Fresno based Tioga-Sequoia Brewing Company to hear about their latest innovation in brewing.

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Its 7:45 in the morning and Lee Morphew’s work day has just begun. He’s busy prepping for a day of beer making at Tioga-Sequoia Brewing Company in downtown Fresno. He’s Tioga-Sequoia’s head brewer and he loves to create new beer infusions.  

California Bill Would Mandate Paid Rest Breaks for Farm Workers

Mar 31, 2014
Amy Quinton / Capital Public Radio

Paid rest breaks would become mandatory for farm workers and other outdoor workers under a bill now in the California legislature. The measure is an attempt to prevent heat related illnesses. From Sacramento, Max Pringle reports.

People who work outdoors are susceptible to dizziness, heat exhaustion and heat stroke, which can be fatal. Nicole Marquez with the advocacy group Worksafe says farm workers are commonly paid based on how much they pick.

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