STOCKTON — On Wednesday January 6th, More than 250 business owners and corporate representatives gathered at the University of the Pacific’s DelaRosa University Center to learn at the 2016 Business Forecast Conference.
The Conference organized by the San Joaquin County Hispanic Chamber of Commerce offered four speakers with different insight to 2016’s economic outlook.
Jeffrey Michael, Director of the Center for Business and Policy Research at University of the Pacific projected that San Joaquin’s prospects may be brighter than the rest of the nation expects the 3.4 percent job growth of San Joaquin to reach 3.7 percent in 2016.
“Stockton is the 4th in job growth in California; Stockton is doing better thank Sacramento,” highlighted Michael.
However, Bob Gutierrez, Director of Government Affairs for Food 4 Less, and the Hispanic Chamber’s President Elect, highlighted a list of State laws which that will increase business regulation and cost.
Scott Anderson, Chief Economist of Bank of the West, projects throughout that, “education, health, professional services, and transportation” are among the industries to excel in the upcoming months.
Last year, San Joaquin County’s 1.6 percent growth population was at the forefront when compared to the rest of the state, “That’s a significant recovery from we were a few years ago,” said Michael adding, the areas hardest hit by the housing recession are coming back strong.”
Michael projects gains in the construction industry as it has been recovering from the 1,000’s during the recession to last year’s 1,700 dwelling and projected to be at 2,200 new units in 2016.
Bilingual Weekly (BW News) – Your source of Local news covering topics of Latino interest in Stockton, California; and San Joaquin County.