The Sacramento region's economy continues to strengthen and is very close to full job recovery. That’s according to the midyear update from Sacramento Business Review, which will be released Saturday, Sept. 12.
The report is published by a team of local financial analysts working in partnership with the Sacramento State College of Business Administration and the Chartered Financial Analyst (CFA) Society of Sacramento. The new edition, Volume 7, Issue 2, will be available at www.sacbusinessreview.com.
“The Sacramento regional economy has recovered amazingly on the backs of stronger retail and housing, and a stable government sector,” says Finance Professor Sanjay Varshney, co-founder of the Review.
Varshney adds that there is room for improvement, noting that Reno has attracted many spillover operations from the Bay Area because of its more attractive and pro-business environment. And the region does need to boost small-business confidence and create more full-time jobs, he says.
Still, there are plenty of reasons to be optimistic. Positive signs include:
- The Golden 1 Center sports complex under construction is spurring significant investment in the downtown core from new investors outside the region.
- Investment properties are in short supply and significant demand.
- Some property types are approaching pre-recession levels.
The publication is the only local review of its kind, focusing on the regional economy.
“Since most individuals and many corporations lack the resources to engage in statistical modeling and computer-based planning, we are proud to have the Sacramento Business Review provide these forecasts as a community service,” says College of Business Administration Dean Pierre Balthazard.
For more information, visit the Sacramento Business Review website or call Varshney at (916) 278-7371. For media assistance, call Sacramento State’s Public Affairs office at (916) 278-6156. — Craig Koscho