| CALIFORNIA AMERICA'S 'GOLDEN STATE' |
'The Untraditional Media Becoming the Mainstream Source' UPDATED DAILY |
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CALIFORNIA UNEMPLOYMENT CONTINUES TO RISE Highest unemployment rate in 12 years - 7.4% See 08-18-08 Minute for details
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REDEVELOPMENT OPPORTUNITIES
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VIEW California Business Minute's Tim Johnson at the Calaveras County Economic Summit
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"Tim Johnson is Brillant" - "Spot On Presentation" "He is a combination of Socrates, a Drill Sargent and Alan Greenspan"
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For the Week of 08-17-08
CVS TO BUY LONGS DRUG'S This week Walnut Creek based Longs Drug's announced they would be acquired by CVS for $2.7 billion. CVS will acquire Longs 521 stores which are spread across California, Arizona, Hawaii and Nevada. | |
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PG&E to Build World's Largest Solar Facilities
PG&E has signed a deal to build the world's two biggest solar power plants in central California with solar panels covering 32.5 sq km and producing 800 MW of electricity. Pacific Gas & Electric will use the massive solar facilities to help it meet state requirements to generate 20 percent of its electricity from renewable sources by 2010. PG&E signed a contract with two Silicon Valley firms to build the plants near San Luis Obispo, a city near the central California coast approximately equidistant from the state's main population clusters around San Francisco and Los Angeles.
The company, Optisolar will build a 550 MW solar farm using thin-film photovoltaic panels while SunPower Corp, will build another 250 MW plant on former farm land, both sites in San Luis Obispo.
The projects will produce 1.65 billion kilowatt hours of electricity annually - which is enough electricity to power 239,000 average California homes each year.
The utility will rely on existing transmission lines rather than building them to deliver electricity to customers from the solar ranches in central California.
The project is so large that it will double the entire installed base of solar power generation in the US, SunPower said. Currently, the world's largest solar facility is a 23 MW solar farm in Spain.
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BOEING CONTINUES AUTONOMOUS TECHNOLOGY EXPANSION Boeing has announced its continued expansion for testing and evaluating its unmanned aerial vehicle, UAV the Hummingbird program at the former Geroge Air Force Base in Victorville.
Boeing has been testing the aircraft in Victorville since 2002 under a contract with the Defense Advanced Research Projects Agency. It's being developed to provide reconnaissance and direct attacks for the U.S. military.
The unmanned aircraft measures 35 feet long with a 36-foot rotor diameter, and will eventually fly up to 30,000 feet.
The Hummingbird set a world record in May for its 18.7-hour endurance flight, landing with two hours of fuel remaining. The flight is being claimed as the longest on record in its class, and for "unrefueled rotorcraft endurance."
Other milestones for the A160 include hovering at 16,700 feet for over seven minutes, reaching speeds of 142 knots and carrying a 1,000-pound payload for eight hours.
Boeing will continue payload testing and experimentation.The phase is expected to last eight months and includes an additional 60 hours of flight envelope expansion, 250 hours of ground testing and a number of system modifications.
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For the Week of 07-29-08
NASA CELEBRATES 50 YEARS MAJOR IMPACTS ON CALIFORNIA
The National Aeronautics and Space Administration, NASA was established 50 years ago today by the passage of the National Aeronautics and Space Act. California receives 20 percent of NASA's budget. See 07-29-08 Minute.
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CALIFORNIANS CONFIDENT? New Field Poll Illustrates Concerns |
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A record number of Californians (63%) report being financially worse off than they were a year ago. In no previous Field Poll survey in nearly fifty years of polling – covering several previous economic recession periods – has more than 50% described their financial condition so negatively. In addition, most voters foresee no improvement in their personal finances next year. There has also been a deterioration in Californians' appraisal of the state's economy. At present 86% of voters feel California is in bad economic times, while just 8% say the state is in good times. This represents a 34 percentage-point increase in the proportion of voters describing the state’s economy negatively from December, and is their gloomiest assessment in fifteen years. These are the main findings from the latest Field Poll updating Californians’ economic well-being and views about the state's economy, a time series the poll began in 1961.
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For the Week of 07-27-08
DALLAS COWBOYS IN CALIFORNIA FOR TRAINING CAMP OXNARD HOST CITY |
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| DALLAS COWBOYS |
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| The NFL's Dallas Cowboys have left Texas to begin summer training camp in Oxnard. The Cowboys’ training camp is expected to attract up to10,000 visitors per day, and a higher count than in previous years. Visitors are expected to spend big money on hotels, shopping, sightseeing, food and gasoline. A report conducted by California Lutheran University in 2004, the last time the study was completed, found the training camp generated about $4.5 million to $5.3 million in gross revenue. The tax benefit was estimated to be $365,000 to $426,000. The three-week camp in 2004 drew about 70,000 people, but is expected to be higher this year. That year, 73 percent of attendees were from outside the county. This year's camp likely will be the last such windfall. The Cowboys last trained here in 2006 and returned this year because of a scheduling conflict with the Alamodome in San Antonio, where the team has a five-year camp contract.
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CALIFORNIA BASED SUNKIST CELEBRATES 100 Years in Business |
The Sunkist brand was first used in 1907 to promote and further unify an emerging citrus cooperative formed by independent growers (previously known as the Southern California Fruit Exchange and later the California Fruit Growers Exchange). In 1908, the "Sunkist" name captured the organization's interest and was adopted as its trademark to appear on boxes of premium quality fruit. Their legacy is honored today, over 100 years later, by the citrus growers in California and Arizona, most of whom are small family farmers, who now own Sunkist Growers. Steadfast to its commitment to provide quality fresh fruit, Sunkist is one of the world's oldest and largest citrus marketing cooperatives, packing millions of cartons of fruit each year. Stretching its presence beyond the produce aisle, Sunkist brand licensed its famous name to more han 600 products -- ranging from vitamins to beverages -- in more than 40 different countries on five continents. For more information about Sunkist, visit http://www.sunkist.com.
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| Celebrating 100 years |
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FOR FURTHER INFORMATION SEE THE MINUTES, THE 'WEEK IN REVIEW' UNDER MARKETS '08 AND THE LATEST IN PLANS AND PROJECTS UNDER DEVELOPMENTS |
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SITE SELECTION NETWORK Annual Conference October 28-30, 2008 San Francisco See Events for Further Information
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Sacramento Region Clean Energy Showcase | |
September 26 See Events for Details
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BEACON ECONOMICS UP COMING ECONOMIC FORECASTS South Bay 10-16-08 Inland Empire 10-29-08
See Events for Further Information
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Need a Speaker for Your Next Event? The Team from the California Business Minute is Available
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| Dr. Robert Harmon |
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The Future of California ENTREPRENEURS A Business Evangelist's Perspective
Learn about what has and makes California a great place for innovation, the characteristics of entrepreneurship and what does the entrepreneur look like in 10 years from now in the Golden State
| Technology Based Economic Development Opportunities for Your Community
Is your community participating or prepared to participate in hosting new technology based businesses? Learn how to prepare for for nanotechnology, autonomous (robotics) biotech and clean and green energies
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| Tim Johnson |
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| New Paradigms in Economic Development Rethinking, Reforming, Refining then finding the Revenue to Achieve It
With the current economic conditions impacting depleting General Funds, how can elected officials, city and county administrators, find monies to help bolster their economies
| SOME ASSEMBLY REQUIRED How to Create High Performing Local Economies
Learn the requirements and conditions needed to create a high performing economy that creates jobs, enhances a tax base and creates community confidence |
And California From 30,000 Feet A Precursor on Doing Business in the 8th Largest Economy in the World
For Further Information, See Services
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Above, Below and Beyond California's Economy Now at the CalBizBlog |
| Airing CA Legislative Laundry in Nevada + Driving California + Playing California Hold'em: Another Hand + Let's Play California Hold 'em: Dealing with the State Budget
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Home of the 'No Jive Diatribe' |
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PERSPECTIVE, INSIGHT AND COMMENTARY |
WHAT'S IN YOUR ECONOMY CALIFORNIA? |
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NEWS & INFORMATION + RESOURCES + CONNECTIONS |
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