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Business & Economy - page 35

Local businesses, major employers, retail development and the regional economy.

Modesto Uses High-Tech App to Round up Stolen Shopping Carts

in Business & Economy

MODESTO (CBS13) — They’re seen all over town: shopping carts dumped after people take them from grocery stores and use them to transport their belongings.

The City of Modesto and the Modesto Police Department have found a high-tech solution to combat this part of homelessness.

For people like Victor Brummett, these carts hold life’s belongings.

Continue Reading on Good Day

Turlock Resident Brings Floral Dreams to Life

in Business & Economy

In 2013, Turlock resident Jessica McGuire was a student at Modesto Junior College, working her way toward eventually becoming a high school agriculture teacher. Though she was taking floriculture classes at the time, she had no idea her life would change that year when she was asked to handle all things floral at a friend’s wedding.

“I was so inspired by the art of floral design that I decided to start my own business,” McGuire said.

Continue Reading on Turlock Journal

Bus Signal Priority Systems Expanding in California

in Business & Economy

Supplier of applied informatics systems for the transportation industry, Iteris Inc. is continuing to expand its multimodal transport and vehicle-to-infrastructure (V2I) initiatives with the award of a new transit priority system in California.

Iteris has just been awarded US$707,000 from the City of Gardena to provide design services as part of the bus signal priority (BSP) project for Gardena Transit (GTrans) bus Line 2, representing a continued expansion of the company’s BSP leadership in southern California. Under the terms of the one-year agreement, Iteris will provide design services, procurement, testing and oversight, as well as construction support to enable operations on the new BSP system at major signalised intersections in compliance with the Los Angeles County Metropolitan Transportation Authority’s (LA Metro) Countywide Signal Priority program. Task orders for three years of operation and maintenance (O&M) services are pending, and include the option for two additional years of O&M. This is Iteris’ seventh BSP project in southern California, bringing total deployments of the company’s BSP connected bus solutions to over 500 intersections in the region.

Continue Reading on Traffic Technology Today

Modesto’s Downtown Ice Skating Rink Getting New Owner, Staying in Business

in Business & Economy/Arts & Entertainment

It looks like Modesto On Ice — the popular ice skating rink that has drawn more than 230,000 people to downtown since its first season in 2015 — will not close.

The owners have lined up a buyer to continue operating the rink that has been a boon for downtown and offers family friendly fun.

Turlock husband and wife Dave and Kathy Halsey are in the process of buying Modesto On Ice and expect the purchase will be completed after the current season ends Jan. 20.

Continue Reading on The Modesto Bee

Riverside County Gas Prices Dropping

in Business & Economy

The average price of a gallon of self-serve regular gasoline in Riverside County dropped four-tenths of a cent Sunday to $3.506.

The average price is 2.4 cents lower than one week ago and 25.6 cents lower than one month ago, but 23.1 cents higher than one year ago, according to figures from the AAA and the Oil Price Information Service.

It dropped 50.7 cents during a 51-day streak of falling prices that ended on Christmas Day, which brought the average price to its lowest amount
since Aug. 30.

Continue Reading on NBC Los Angeles

So Long, Farewell: The Major Modesto, Valley Business and Restaurant Closings of 2019

in Food & Drink/Business & Economy

The end of the year — let alone an entire decade — always comes with a little sadness.

This year saw many longtime local businesses say goodbye for good, and national stalwarts shut down their large big box stores.

The so-called “retail apocalypse” was felt in the Central Valley as some well-known national chains faced bankruptcy. Other long-running businesses said farewell. A look at what left us in 2019.

Business Closures

Sears: The iconic American company closed its Modesto location in Vintage Faire Mall the first week of January 2019. Sears had had a store in Modesto for 80 years, first in downtown and then at the north Modesto mall when it opened in 1977. The national chain’s bankruptcy forced the Modesto outlet to close. But, good news, its two-story anchor space at Vintage Faire is being taken over by a Dave & Buster’s and Dick’s Sporting Goods.

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California’s Financially Distressed Local Governments Can Learn from Top Performers

in Business & Economy

Years after our country emerged from the Great Recession, several Southern California cities have failed to prepare for the next downturn.

In October, California State Auditor Elaine Howle published fiscal health scores for 471 California cities. She found that many were ill-prepared to cover rising pension and other post-employment benefit expenses: a condition that would worsen if a new recession depresses tax revenues and decimates pension fund assets.

The state auditor assigned Compton the lowest score due to its lack of financial disclosure. The most recent audited financial statement on the city’s website is for the fiscal year that ended June 30, 2013. A 2014 audit was published but later retracted after the independent certified public accounting firm withdrew its opinion. Unfortunately, had Compton been able to produce more recent audited financials its score would likely still have been relatively low. Unaudited data that the city provides to the state controller shows  Compton has a negative general fund balance, which is roughly analogous to an overdraft on an individual’s checking account.

Continue Reading on The Orange County Register

Stanislaus Farm Supply Celebrates 75 Years

in Business & Economy/Food & Drink

In 1949 a strike by the steel workers on the east coast led to a shrinking supply of bailing wire needed by Valley farmers and what was available was exorbitantly prices. The need for less expensive wire drove Stanislaus County farmers to creatively pool financial resources under a committee to secure a railcar of wire. One of the farmers, Joe Sousa, offered to the Farm Supply Committee headed by Maurice McDonald to manage the company for six months without pay. He also offered free use of his pickup and one-and-a-half-ton truck. If directors were satisfied with the operation at the end of six months, he agreed to continue for six more months; if not, he pledged to resign with no compensation. Another farmer, Fred Thiemann matched Sousa’s proposal by offering office space and clerical staff at no charge, and in 1949, Stanislaus Farm Supply was born.

That was 75 years ago and on Thursday evening the Ceres based grower-owned co-op celebrated with a dinner gala and program at the Turlock Fairgrounds.

Continue Reading on The Ceres Courier

How the California Wildfires Are Impacting Tourism

in Places & Recreation/Business & Economy

After several years of unprecedented wildfires, many of them raging through national forests and the celebrated Napa/Sonoma wine region, California’s tourism industry is up against what former Governor Jerry Brown calls “the new abnormal.”

While visitor numbers remain strong, California tourism marketers are grappling with other challenges, some of them exacerbated by the fires. These issues include a lack of affordable housing for service employees and the need to steer wine tourism away from the popular — and most fire-prone — fall harvest season.

There are also worries that the image of the Golden State may be irrevocably tarnished.

Continue Reading on Skift

Global Almond Ingredients Market Research to Witness Increased Revenue Growth Owing to Rapid Increase in Demand || Barry Callebaut, Olam International, Archer Daniels Midland Company

in Agriculture/Business & Economy

Market Analysis: Global Almond Ingredients Market

Global almond ingredients market is undergoing with a healthy CAGR of 11.50% in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. The factors responsible for this growth in the market value are rise in consumption of food & beverage in the various developing regions and increasing awareness about nutritional benefits of almond

Few of the major competitors currently working in the global almond ingredients are Royal Nut Company, TREEHOUSE ALMONDS, The Wonderful Company LLC, Kanegrade Ltd., SAVENCIA SA, BORGES AGRICULTURAL & INDUSTRIAL NUTS, S.A; JOHN B. SANFILIPPO & SON, INC., Blue Diamond Growers, Barry Callebaut, Olam International, Archer Daniels Midland Company, Sahale Snacks, Inc., The Hershey Company., Russell Stover Chocolates, LLC,  Sanitarium,   Bob’s Red Mill Natural Foods, Döhler, OLOMOMO Nut Company., Jonny Almond Nut Company., Helios Ingredients and among others.

Continue Reading on Vapor Blash

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