| CALIFORNIA
AMERICA'S 'GOLDEN STATE' |
'The Untraditional Media Becoming the Mainstream Source'
UPDATED DAILY |
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CALIFORNIA'S UNEMPLOYMENT INCREASES
See Indicators under Economic Overview
Also see Minute 04-21-08 |
| For the Week 05-04-08
TURN OVER IN TECH
Santa Clara's Sun Microsystems reported that due to an unexpected
third quarter net loss, announced plans to cut 1,500 to 2,500 jobs.
Cupertino's Apple announced that it is cutting 174 jobs at its Elk Grove
facility a suburb of Sacramento and moving the functions to a site in
Austin. The positions involve sales and support functions. Apple retains
1100 employees at this location and another 150 member customer
support facility in Rancho Cordova suburb.
Santa Clara based National Semiconductor announced that it will
eliminate 130 positions across the company mainly in product line
and support functions. The company said the cuts are part of a move
to boost revenue in key market areas that require better power
management and energy efficiency.
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IT'S OFFICIAL
No Salmon Season for California |
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Industry and Communities Brace for Impacts
NOAA made it official by accepting the recommendation by the Pacific
Fisheries Management Council earlier in April to close this year's
commercial fising season along the California and a good portion
of the Oregon coast due to the collapse of the fishery. A full analysis
on the issue and its implication can be found under Research and
at www.CalBizBlog.com entitled CLOSED: The California Salmon
Season, the 'Unknown' Impacts on the Industry and Communities
of California.
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STATE SMALL BUSINESS DAY
Wednesday, May 28, Sacramento
See Events for Further Details |
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TECHNOLOGY BOOT CAMP
10 Locations, First Camp Begins May 14
See 05-12-08 Minute for Details
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For the Week of 04-27-08
California Businesses Keeping
Headquarters in State
California businesses unfazed by the current downturn and contrary
to the media slant that the state is too expensive for business and
industry continue their growth in the state.
Three companies long known for their 'Golden State' beginning have
announced plans to remain and grow in the state. Biotech company,
Beckman-Coulter has consolidated its operations from Fullerton to
Brea.
Jaccuzzi, the world renown company for aqua therapy has
moved its headquarters from Irvine to Chino Hills.
And the shoe maker Skechers has announced plans for its
headquarters in Manhattan Beach and plans for corresponding
expansion on adjacent properties | |
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For the Week of 04-13-08
Crate and Barrel Consolidating to Tracy |
Consolidates Distribution in Norcal
Retailer Crate and Barrel is consolidating its Northern California
distribution facilities to Tracy with two new facilities totaling 1.2 million
sq.ft. One of buldings will total 827,000 sq.ft. and the be used to
warehouse furniture products. The second building will be 398,000
sq.ft. and used as a center for its housewares. Crate and Barrel will
consolidate from facilities in Tracy and Hayward. |
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Hino Motors to Close
Facility in Long Beach |
Toyota subsidiary Hino Motors Ltd. will stop making commercial trucks at its Long Beach
facility as surging oil prices and the U.S. credit crisis squelch demand, according to the
company. Truck production at TABC Inc., a Toyota parts maker has an assembly line for
Hino trucks will be moved to Hino's other U.S. plant in West Virginia by July.
Hino produced 4,800 trucks at the California plant in the fiscal year that ended March 31.
That plant will continue to make parts for Toyota. Hino's Williamstown, W.Va., plant has
an annual production capacity of 2,500 vehicles but it produced only 300 trucks in the
last fiscal year, according to Hino. Hino has a third North American plant, in Ontario, Canada,
which produced 1,300 trucks over the same span. Hino's North American sales for the last
fiscal year dropped 19 percent to about 6,600 trucks from 8,200 trucks the previous year. Hino
sales have been booming elsewhere in the world, including southeast Asia, South America and
the Middle East, but the U.S. market has been the soft spot. Hino is 50.11 percent owned by
Toyota Motor Corp., Japan's No. 1 automaker.
Employees will be moved to the nearby Toyota plant.
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| AGC to Close Glass Plant and R&D in Golden State |
AGC Flat Glass, formerly AFG announced that it will close plants
in the US including a manufacturing facility in Victorville and a
Research and Developmentt facility in Petaluma.
AGC also has other facilities that will be impacted in Hampton,
Iowa, Hawkins, Tennesse and St. Augustine, Quebec.
No numbers on employees impacted |
For 04-08-08
Marriott Proposing West Coast's Largest Hotel |
San Diego could become home to the largest hotel on the west coast if
Marriott's has anything to do with it. The hotel first mentioned last summer
was proposed to be San Diego's largest. But the plans changed Now the
proposed project could become Marriott's flagship convention destination
on the west coast.
The proposed location is adjacent to Petco Park where the San Diego Padres
play in the 'Gas Lamp' District in the downtown area, a few blocks from the city's convention center
and light rail services and minutes from the airport. The proposal is being made by JMI Realty, the
real estate company of Padres owner John Moores. JMI is developing a five-block area east of
Petco Park called Ballpark Village.
The current proposal calls for 1,929 rooms in two 500 foot towers and 216,000 square feet of
meeting space. The project will compete with nearly 5,000 hotel rooms that are currently in the
development pipeline with yet another proposed 1,500 room hotel proposed in nearby Chula Vista
along its bay front.
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The city's downtown redevelopment
agency and the developer are hosting
a community presentation and discussion
on April 14 from 6pm to 8pm at the Omni
Hotel. For further information contact
619-235-2200. | |
For the Week of 04-06-08
Steelcase to Cut Jobs, Close Plants in California |
Facilties to Close in 3 Cities:
Oakland, Industry and Corona
Office furniture manufacturer Steelcase announced that it will cut
200 to 250 jobs across the nation during the next 18 months. In
addition it also announced it will close three factories in California.
Two are furniture manufacturing facilities in Oakland and city of
Industry and the other makes dry-ease boards in Corona.
Steelcase based in Grand Rapids, Michigan identified that the cuts
are needed due to the slowing economy specifically their U.S.
customer base of finance, insurance and real estate firms. | |
Louisville Slugger Closes Ontario Plant
'And the Mighty Casey Strikes Out' |
Hillerich and Bradsby, maker of the 'Louisville Slugger' baseball bat
has announced that it will close its manufactuirng facility in Ontario.
The plant makes aluminum and composite bats - it is the last
Louisville-Slugger manufacturing facility left in the U.S. outside of its
wooden-bat poduction facility in Louisville.
The plant is expected to close by late summer or early fall afecting
42 employees. At its height of operations the facility employed 167.
The company identified that it has been moving its non- wood bat
manufacturing to China over the past two years.
Hillerich and Bradsby have a research and development facility in
Loomis and timber operations in New York and Pennsylvania where
souvenir bats are produced. | |
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Need a Speaker for Your Next Event?
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| New Paradigms
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Rethinking, Reforming,
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The current economic conditions impacting
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For further information See Contact Us
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Above, Below and Beyond California's Economy
Now at the
CALBIZBLOG |
| CLOSED
California's Salmon Season
The Unknown Economic & Business Impacts
+
Future of Social Media
from
EconSM & Dealmaker 2008
Conferences
+
News Coverage
CALED Annual Conference
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Home of the
'No Jive Diatribe' |
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PERSPECTIVE, INSIGHT AND COMMENTARY |
Did You Know?
California is the most populous
state in the nation with 37 million
residents
California is the eighth largest
economy in the world and 13%
of the United States Gross
Domestic Product comes from
California |
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WHAT'S IN YOUR ECONOMY CALIFORNIA? |
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NEWS & INFORMATION + RESOURCES + CONNECTIONS |
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