News & Information

Business Review shows optimistic signs

01-21-2014

Photo album from Jan. 21 release event

Printer-friendly version of event preview

Dean Sanjay Varshney

Business Dean Sanjay Varshney kicks off the release event on Jan. 21 in the University Union Ballroom.
(Sacramento State/Steve McKay)


In the Media 

"Sacramento economists see tepid growth in 2014," Sacramento Business Journal

"Now's the time to act on economic forecast for Sacramento," Marcos Breton column, The Sacramento Bee

"Optimistic forecast for Sacramento small businesses," Capital Public Radio

Economic growth in the Sacramento area continues its modest climb, and while there still are hurdles ahead, signs of optimism are showing up in nearly all sectors. That’s the general outlook outlined in the latest issue of Sacramento Business Review.

The January 2014 edition was released at a special event at noon Tuesday, Jan. 21, in Sacramento State’s University Union Ballroom. Neel Kashkari, a former Treasury official, delivered the keynote address.

Sacramento Business Review is published through a partnership of Sacramento State’s College of Business Administration and the Chartered Financial Analyst (CFA) Society of Sacramento. Highlights from the upcoming issue include:

  • Financial and construction sectors are facing challenges from rising interest rates and flattening housing prices.
  • Private and institutional capital from outside the region has contributed to strong sales in both commercial and residential properties.
  • The Small Business Confidence Index has set a new record high of optimism for 2013-14.

“While challenges remain in the job market and real estate, there is a slow but steady decline in the local unemployment rate, and Sacramento’s housing market is showing signs of marginal improvement,” says Sanjay Varshney, dean of the College of Business Administration.

Guest speaker Kashkari, who chose the event to announce his candidacy for governor, joined the Treasury as a senior adviser under President George W. Bush in 2006. When the financial crisis erupted, he was confirmed as assistant secretary of the Treasury and helped to write the Emergency Economic Stabilization Act. He remained at the Treasury after President Barack Obama took office and received the Alexander Hamilton Award, the Treasury Department’s highest honor.

Kashkari returned to California in 2009 to work for PIMCO, a public employees’ investment firm, recently leaving the company. Past work includes tenures with TRW and Goldman Sachs.

Sacramento Business Review is the only publication of its kind that examines the business sector and economic trends in the local region. It is available online at www.sacramentobusinessreview.com/.

For media assistance, call Sacramento State’s Public Affairs office at (916) 278-6156. – Craig Koscho