Valley Public Radio - Live Audio

Economy

Jeffrey Hess/KVPR

When new presidential administrations come into office, they often make changes to agencies and appoint people who share their political outlook. The same is true under the leadership of President Donald Trump.

However, one seemingly obscure reorganization involving leadership of the U.S. Department of Agriculture’s rural development program is sending shockwaves throughout Central California and beyond. One of those concerned is Farmersville Mayor Paul Boyer.

Fresno Chamber of Commerce

Fresno Mayor Lee Brand focused on job creation as he delivered his first state of the city speech today at the Fresno Convention Center. Brand says he wants to build upon this year’s announcements of new fulfillment centers for retail giants Amazon and Ulta Beauty, which are both now under construction.

The plan is to create 10,000 new jobs in the city in the next 10 years with similar operations, and another 10,000 spillover jobs in other sectors.  

BRAND: “The goal is to make Fresno the e-commerce capital of the west coast.”

State Farm To "Exit" Bakersfield Facility By 2021

May 4, 2017
bakersfieldvision2020.com

Insurance company State Farm has announced that it plans to close eleven facilities nationwide over the next four years, including one in Bakersfield that employs about 740 people.

The company says the plan to “exit” the facilities will help it run more efficiently. The changes will affect over 4,000 employees nationwide.

However, Justin Tomczak with State Farm says that these jobs will not be lost entirely.

Joe Moore / Valley Public Radio

The City of Bakersfield is searching for ways to tighten its fiscal belt thanks in part to lower oil prices. Over the past twelve months, city sales tax revenue has been nearly 5 percent below budget expectations. That’s left the city council considering mid-year budget adjustments, seeking to trim $1.4 million  from this year’s books.

Amy Quinton / Capital Public Radio

2014 was a year of ups and downs for the valley's largest industry, agriculture. The year began with virtually no rain and snow and fears of another dust bowl.

And while farmers and ranchers had a tough year, most survived and some even thrived. Rising milk prices boosted the bottom line for California dairymen and women and crops like tomatoes actually set new records.

So what will 2015 bring? We asked two industry experts to join us and offer their perspectives on six issues that will help define the valley's largest industry in the new year:

Joe Moore / Valley Public Radio

The recent drop in oil prices may be a good thing for consumers at the gas pump, but has oil producers in Kern County worried. For a look ahead at what this means for the economy of the south valley in the new year, we talked to John Cox, energy industry reporter for the Bakersfield Californian on FM89's Valley Edition. 

2014 Was A Rough Year for California's Farmers and Ranchers

Dec 17, 2014
Ezra David Romero / Valley Public Radio

California's farmers and ranchers have endured a challenging 2014. Capital Public Radio's Lesley McClurg reports on how they're weathering the drought.

Paula Getzelman says recent rain brings a deep sigh of relief. She and her husband run Tre Gatti Vineyards in Monterey County. 

Getzelman: "We were extremely nervous in 2014. The harvest was a real nail biter."

Production at Tre Gatti was down twenty percent. Getzelman says she feels luckier than some of her neighbors who were down thirty percent. 

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.
----

  The recession hit Damon Grow swiftly and very hard.

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.

YouTube/ Kashkari for Governor

Update: 8/5/2014
Neel Kashkari spoke with Valley Public Radio's Joe Moore for the program Valley Edition about his Fresno video and his thoughts on poverty in the San Joaquin Valley. 

----

Original post:

Neel Kashkari has taken his campaign to become California's next governor to the streets of downtown Fresno in a viral video attacking Governor Jerry Brown's message of a "California comeback."

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.

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. 

Pages