Business & Economy

Business news

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.

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