East Bay EDA Winter 2014 Newsletter

Quarterly Update

East Bay EDA Winter “Regional Intelligence Report”

Regional Intelligence Report
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Regional Intelligence Report

The East Bay economy continues to move forward, though the pace of growth has left something to be desired. Still, most aspects of the regional economy are making progress from employment, to housing, to commercial real estate, to spending by businesses and consumers. The most significant strategic advantage is a discount on housing — the amount of savings that San Francisco or Santa Clara residents save by moving to the East Bay is near all-time highs. This should help to motivate new migration into the region as workers can still access jobs in the faster-growing areas to the west and south. As such, while the payroll jobs forecast calls for gradual acceleration in coming years, spending and residential real estate are forecasted to do better by comparison as East Bay residents are improving faster than East Bay firms.

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This report was prepared by:

Scott Peterson
Deputy Director
(510) 272-6843

East Bay EDA
1221 Oak St., Ste. 555
Oakland. CA 94612

For more information on the East Bay, click on www.eastbayeda.org

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