Innovative thinking and new market pressures are removing many of the barriers that once stood between small businesses and the capital they need to launch and grow. Now more than ever, small and medium-sized companies are finding success by raising funds from everyday investors.
In 2012, the Capital Region ranked 48th of a total of 100 metro areas on total value of exports and 95th on export intensity. Can more be done?
Barry Broome has been tapped as the president and CEO of the newly formed Greater Sacramento Area Economic Council and will drive the organization’s mission to attract businesses to the Capital Region. His extensive background in economic development includes six years as the CEO of Southwest Michigan First and 10 years as the president and CEO of the Greater Phoenix Economic Council.
Lawson says Ygrene has approved $60 million in loans for energy upgrades in Sacramento, Yolo and Butte counties and estimates that installed upgrades will result in the reduction of 40,000 metric tons of CO2 over their lifetimes.
Once you’ve invented the best thing since wearable technology, you’ll probably want to fund it. To impress the pockets out of investors, you’ll need to:
There’s an old joke from the TV series “Friends”: Ross complains about how he’s torn between two women, so Chandler replies, “This must be so hard. Oh no, two women love me. They’re both gorgeous and sexy. My wallet’s too small for my fifties and my diamond shoes are too tight!” That’s the typical reaction when people hear about wealth psychology…
After a decade at the helm of Sacramento State’s College of Business Administration, Sanjay Varshney in late August accepted a position as a vice president and wealth advisor at Wells Fargo Bank—Wealth Management Group. Varshney is a professor of finance at Sac State. He is also the chief economist for the Sacramento Business Review, making him one of the region’s preeminent voices on economics, business and higher education.
The dramatic transfer of accumulated wealth from the baby boomer generation and regional employment gains could serve as a catalyst for individuals to engage with wealth management experts. Here are some of the most common questions (and answers) about wealth management:
California has long been known as the land of opportunity, but for too many residents, opportunity is receding. Inequality continues to rise even though California has one of the most progressive tax structures in the nation. Something more is needed.
Senate Bill 8 — the Upward Mobility Act — is one piece of legislation that has reared its ugly head and poses a real threat to small-business owners in California.
Fun facts about where your money, and everyone else’s, is going.
Clients borrow money from banks for a variety of reasons, one of which is to increase the tax efficiency of a particular transaction. And with increased federal and state tax rates, tax efficiency is an appealing concept to almost everyone.
Relocating for a job is a tough decision. You’ll need to leave behind your friends, your professional network and the local dry cleaner who never judges your red wine stains. If you have a spouse and/or children, you’ll throw their lives into upheaval as well. So what would it take to pull you away from the Capital Region?
Tucked away in the Sierra foothills, just north of Nevada City, is the Ananda World Brotherhood Colony. And while many spiritual communities like Ananda often fail after a few years, this one has managed to last for nearly 50 — partly because the advent of online commerce has made it easier for people in rural areas to support themselves.
The narrative of Andrew Susac’s 2014 season did more than just further his promising baseball career. The Roseville native’s sudden ascent in late July from minor leaguer to eventual World Series champion opened up a breadth of new financial opportunities, too.
California’s business climate is well-known for being unfriendly. CEO Magazine has rated California as the worst state in which to do business for more than eight years running. Undoing Proposition 13’s provisions, as is currently being proposed, will make a big problem even worse by increasing taxes on the very businesses that create jobs and contribute to our economy.
Whether or not a sale makes sense, the economic recovery that has fueled the growth of many businesses suggests that it’s a good time for business owners to re-examine the value of their business and to revisit — or put in place — a succession plan which may or may not include the prospect of a sale.
Here’s a recipe to breathe new life into a lifeless block of R Street: Start with a 5-story warehouse made of solid concrete, suitable for loft conversion. Add subsidized rents. Then attract artists, writers and other creative types, plus their spouses, lovers, kids and hangers-on. Sprinkle in baby strollers, coffee shops, galleries, some painful-looking piercings and plenty of ink on skin.
Improving the minimum wage and making Sacramento a better place to do business are not mutually exclusive goals. Done properly, an increase to the minimum wage targeted at Sacramento’s working poor will strengthen the economy, benefit the entire community and help create the Sacramento that we all want.
Peer-to-peer lending platforms have hit their stride, and the number of peer loans has grown 84 percent per quarter since Prosper launched in 2006. In that same period, originations for other types of consumer loans have fallen 2 percent a quarter.