News & Information

Sacramento Business Review looks at New Year

01-13-2011


The fifth issue of Sacramento Business Review will launch Jan. 20 with a special event at Sacramento State.

The Review, produced by the University’s College of Business Administration and the Chartered Financial Analyst Society of Sacramento, is sponsored by Wells Fargo, CBRE, SMUD and the CFA Society. It offers a look at emerging trends in Sacramento’s economy and several forecasts for 2011. The Sacramento Business Journal is a presenting media sponsor.

The new issue will include updates from various sectors, such as real estate and labor markets, as well as reviewing a new area – the Small Business Economy.

Some of the findings in the latest Review include:

  • Apartment rent growth could return as early as next year.
  • Recovery of small businesses appears slow, and there is continued pessimism regarding local access to credit.
  • The global economy is in recovery, but faces threats from European debt and a too-rapid rise of global interest rates, among other pressures.

    “As we begin the year 2011, we feel more optimistic than we did last year,” says College of Business Administration Dean Sanjay Varshney. “Multiple challenges still confront us and dampen hopes for a rapid recovery, but we believe the recession in Sacramento did end in 2010, paving the way for very gradual progress on the jobs front.”

    He added that the worst of the credit crisis is behind Sacramento, and local banks are healthier. And the small business sector remains pressured, but early financing indicators are promising. “While 2011 may not feel like the year of the recovery, we believe we will be on the way,” Varshney says.

    The new Sacramento Small Business Confidence Index will be released the same time as the Review.

    The kickoff will be held 3-5 p.m. Thursday, Jan. 20, in Sacramento State’s Alumni Center, followed by hosted refreshments.

    The keynote address, “Future of Green Energy,” will be delivered by Mark van den Berg, managing partner of the Bay Area’s VantagePoint Venture Partners. His talk will be followed by presentations from the new Review issue.

    Following the event, the Review will be available online at www.sacbusinessreview.com/. A printed version will be available at the College of Business Administration.

    For more information on the College, visit www.cba.csus.edu or call (916) 278-6578. More information on the CFA Society is available at www.cfass.org/. For media assistance, call Sacramento State’s Public Affairs office at (916) 278-6156.