East Bay economy on a slow but steady path to recovery
(Posted 05/12/2011 By
San Francisco Business Times - by Blanca Torres Thursday, May 5, 2011
The good news is that the East Bay economy is returning to normal. The bad news is that we're talking normal pre-boom levels, not the euphoric unsustainable economy that became inflated and popped.
The man who railed against the subprime mortgage crisis before it was a crisis, Chris Thornberg of Beacon Economics, was in Oakland Thursday morning delivering an economic forecast for the East Bay Economic Development Alliance.
“During the bubble, we were building too many houses and spent too much money we didn’t have,” he said. “Things are coming back to normal.”
His remarks centered on the fact that the region’s fundamentals, such as exports through the Port of Oakland, locational advantage and core industries like professional services and healthcare, remain strong...
KTVU News - East Bay Career Training - 2010 East Bay Indicators Report
(Posted 02/25/2011 By
this a 2 minute, 35 second TV news story on the East Bay that includes the 2010 East Bay Indicators Report and focuses on workforce prepartion.
Cisco buying land in Fremont
(Posted 02/02/2011 By
By George Avalos, Oakland Tribune 1/25/11
Cisco Systems Inc. has gobbled up several chunks of Fremont land totaling 149 acres -- including a 41-acre purchase a few weeks ago -- which the tech titan said Tuesday it will use for potential corporate activities, but not a baseball stadium.
The Silicon Valley networking equipment giant says the land is being set aside for its operations and a possible future expansion in Fremont. Alameda County property records show the acreage that Cisco now owns in Fremont included the location of a baseball park once touted for the Oakland A's.
"We do not have any current development plans" for that Fremont site, said Ken Lotich, a Cisco
spokesman. "However, Cisco continuously evaluates its long-term real estate
strategies." He said that Cisco does not intend to
use the Fremont land for a baseball stadium...more
East Bay advocate focuses on the hunt for new jobs
(Posted 01/28/2011 By
San Francisco Business Times article by Blanca Torres, Jan 28, 2011; “What motivates me is the ability to create job opportunities,” says Karen Engel.
The desire to create jobs may be a top priority for many leaders these days — we are slowly climbing out of a crippling recession after all.
But for one leader, Karen Engel, job creation has pulsed at the core of her career for more than two decades...
Cal State East Bay chief wins Vision Award
(Posted 01/10/2011 By
HAYWARD -- The East Bay Economic Development Alliance has named Cal State East Bay President Mo Qayoumi the recipient of its annual East Bay Vision Award for his work at the school and what it has meant to the region.
"We are thrilled to honor President Qayoumi with the East Bay Vision Award year," said Karen Engel, the alliance's executive director. "His vision for not only the university but the region has inspired so many of us who have had the honor to work with him. His work transcends sectors and even geography. He is a tremendous asset to our region."...
Tesla joins with Toyota to Reopen NUMMI
(Posted 06/01/2010 By
Excellent article on Toyota/Tesla Motor NUMMI Deal!!
Tesla Motors announced Thursday it will use a $50 million investment from Toyota Corp. to help it buy the recently closed Nummi auto plant in Fremont and reopen it to build electric cars.
The project will bring badly needed jobs to the Bay Area and is a surprising win for the Bay Area's green economy just seven weeks after New United Motor Manufacturing Inc. laid off 4,700 unionized auto workers as its two owners, General Motors and Toyota, ended their 25-year partnership at California's
last auto plant....
Altamont Landfill's gas fuels garbage trucks
(Posted 03/15/2010 By
A company that manages landfills has a new source of fuel for its garbage trucks - rotting trash.
At the Altamont Landfill near Livermore, Waste Management Inc. has installed a $15.5 million system that collects gas given off by decomposing garbage and turns it into fuel. The company unveiled the system on Monday.
Built by German engineering company the Linde Group, the project strips impurities from the gas, chills it to 260 degrees below zero and turns it into a liquid. Specially equipped garbage trucks burn it as fuel. The system can produce as many as 13,000 gallons of liquefied natural gas per day,,,
The idea of turning landfill gas into liquefied natural gas has been tried before, but the Altamont project is the world's largest..
New factory in Pittsburg is no pipe dream
(Posted 03/15/2010 By
Sparks flew at a new factory in Pittsburg on Monday, where a skeleton manufacturing crew christened a state-of-the art assembly line designed to shape and weld massive steel pipes used to transport oil and natural gas.
Everything about the new United Spiral Pipe plant is gargantuan, starting with the $130 million capital investment required to build a factory that will create 120 manufacturing jobs...
Why Is California Broke
(Posted 03/08/2010 By
- California has a horrible business climate that drives business elsewhere.
- California has an array of some of the highest tax rates in the nation.
- California is beholden to the unions, especially the teachers union and prison system, and at the municipal level to the police and fire unions.
- California hands out money with free services encouraging an influx of illegal aliens and an exodus of those wealthy enough and mobile enough to move.
National Coalition Launches Campaign to Restore (Green) ManufacturingJobs
(Posted 04/16/2009 By
On April 15, the Apollo Alliance released a comprehensive roadmap for rebuilding U.S. manufacturing capacity to meet the clean energy needs of the future and to restore millions of American jobs.
Berkeley Lab to get $115M from recovery act
(Posted 03/24/2009 By
The Department of Energy will give Lawrence Berkeley National Laboratory $115.8 million from the U.S. American Recovery and Reinvestment Act.
This money will be spent upgrading the Advanced Light Source, a particle accelerator, and on building a new type of accelerator, the Berkeley Lab Laser Accelerator. The lab will also use the money to take down the Bevatron, an accelerator shut down in 1993....