Business & Economy

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Fits and Starts: Central Valley Economy Beginning To Bounce Back

Oct 13, 2014
Julia Mitric / Capital Public Radio

As brutal as the Central Valley economy has fared over the last several years, it’s starting to bounce back. Our series “Fits and Starts” on California’s uneven economic recovery continues with a look at the Central Valley.  

The collapse of the housing market devastated cities like Stockton and Modesto. But the Central Valley’s agriculture industry weathered The Great Recession just fine. It even saw record growth, with one painful exception: dairy.

“It was a bloodbath,” says Tom Barcellos, who owns T-Bar Dairy in Porterville.

Fits and Starts: Bay Area Housing Boom Prices Out Some People

Oct 13, 2014
Capital Public Radio / KPCC

Editor's Note: Five years after the Great Recession officially ended, the California economy looks like a patchwork quilt. All this week, we feature a series from our partners at Capital Public Radio and KPCC on how the strength of California’s economic recovery varies depending on where you live. Capital Public Radio’s Ben Adler kicks the series “Fits and Starts” with a look at the Bay Area, where the tech boom has driven the unemployment rate down – and housing prices up.
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  The recession hit Damon Grow swiftly and very hard.

Ezra David Romero / Valley Public Radio

A tribal dispute that began Thursday night at a hotel and casino outside of Coarsegold continue Friday. FM89’s Ezra David Romero reports on the standoff that led to the evacuation of 500 guests and employees.

The impromptu closure of the Chukchansi Gold Resort and Casino has left the mountain communities around it with more questions than answers.

California Economist: No Surprise Tesla Chose Nevada

Sep 4, 2014
Tesla Motors

In a big blow to California, Nevada Governor Brian Sandoval says Tesla Motor Company will build a car battery plant in the Silver State.  Sandoval says it will be the world’s biggest and most advanced of its kind. 

California was one of five states vying for the plant that is estimated to build enough batteries to power a half-million vehicles by the year 2020.

Stephen Levy  with the Center for Continuing Study of the California Economy says he wasn’t surprised the electric car company chose Nevada over the Golden State.

Joe Moore / Valley Public Radio

Fresno and figs have a long history together. Nearly 100 years ago,  real estate developer J.C. Forkner purchased thousands of acres of hardpan soil miles north of the city of Fresno. 

Creative Commons / Flickr user wollombi / https://www.flickr.com/photos/wollombi/49941220/

We all know Central California produces most of the state’s petroleum, but could another oil boom be on the horizon? Well, that’s what journalist Nathanael Johnson from the online environmental news website Grist argues in a new article that came out last week – but he’s not talking about fracking or the Monterey Shale – he’s talking about olive oil. 

Ezra David Romero / Valley Public Radio

This is the second story in a two part series by Ezra David Romero about what some are calling a tech boom in Central California. In this story we talk Fresno, in the first piece we explore Google, drones and Merced

Ezra David Romero / Valley Public Radio

Central California isn't necessarily known for advancing the world of technology, but Ezra David Romero reports that some are trying to change that. Merced County, a region know for milk and almonds, is working to attract high tech companies to fill what was once Castle Air Force Base in Atwater. 

Joe Moore / Valley Public Radio

A report released today shows that Fresno's agricultural industry has slipped out of its first-place standing in the state.  The 2013 Fresno County crop report shows that its total gross value of agricultural products last year was $6.4 billion, over $1.3 billion behind Tulare County--the first time since 2002 that Tulare swung to the top of the list.

Drought Could Cost California Economy $2.2 Billion In 2014, Says Study

Jul 15, 2014
John Chacon / California Department of Water Resources

The California economy could lose $2.2 billion this year because of the drought. Max Pringle reports on a UC Davis study that shows the agriculture industry alone could lose $1.5 billion.

The study says California will have to make do with a third less water this year and that could lead to 430 thousand acres of fallow farmland. Former UC Davis Economist Richard Howitt says the pain won’t be spread evenly throughout the state.

Ezra David Romero / Valley Public Radio

This is the first story in a two part series by Ezra David Romero about what some are calling a tech boom in Central California. This week we talk Merced, next we explore Fresno. 

Meet a guy who wakes up and spends his entire day with Google.

“I’m Daniel Galindo, I’m a student at the Merced JC,” Galindo says.

This 22-year-old won’t label himself as nerd or a techie; he doesn’t have a programming degree or write code.

Ezra David Romero / Valley Public Radio

The jaws of a giant excavator tore through what was the old Annie’s Hollywood Inn bar in West Fresno Monday morning.

“The excavator right there is going to hit the back of that building and because it’s so small it’s not going to take long; probably if we blink it’ll be down in five minutes,” says Jill Kroeker with J. Kroeker Inc.

The demolition of the 66-year-old bar is the first of many to be reduced to smithereens as part of construction along the first 29 mile segment of California High Speed Rail.

CalFire/Fresno County Fire Twitter / https://twitter.com/FresnoCoFire/status/485972454439780353/photo/1

A major canal that supplies Kings River water to east side valley farmers will be out of commission for one week at the height of the  growing season. 

A levee on the Alta Irrigation's District's Alta Main canal east of Sanger gave way on Sunday evening, flooding several homes and closing Highway 180 for a short time. Crews were able to control the flooding and turn off the water supply.

Downtown Fresno is just 163 miles from Mountain View, the heart of Silicon Valley and the home of tech giant Google, but in many ways it's a world away. But while the San Joaquin Valley may be known more for its produce than its programmers a local competition has been working for the past five years to change that.

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.

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