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June 3, 2014 > East Bay economy climate consistently improving

East Bay economy climate consistently improving

Submitted By Guy Ashley

A new report released May 29 by the East Bay Economic Development Alliance (East Bay EDA) shows economic recovery in the region is putting people back to work and improving the economic climate and the quality of life for many East Bay residents.

The East BayÕs economy is projected to continue growing in 2014 and 2015, based on a wide variety of findings related to recent labor market, business activity, real estate, and demographic trends. Hiring at businesses located in the East Bay, as well as jobs in neighboring Bay Area regions that provide employment for East Bay residents, will supply residents with continued income growth that further supports the local economy.

The 2014-15 East Bay Economic Outlook was prepared for East Bay EDA by Beacon Economics, one of CaliforniaÕs leading economic forecasters. The full report is available online at: www.eastbayeda.org.

Among the highlights in the report:
The region remains an attractive place for investment with noticeable increases in sectors connected with computer hardware and software.

East Bay real estate offers many advantages for commercial tenants seeking relative affordability in the competitive Bay Area markets.

Improved international trade has bolstered activity in related sectors, such as transportation and warehousing.

Relative affordability has attracted homebuyers and renters to the East Bay from neighboring regions.

ÒThe opportunities for the East Bay for job creation, business growth and increased investment are bright. We need to be strategic in the way we work collaboratively across sectors to take advantage of the improving economic landscape,Ó said Keith Carson, Alameda County Supervisor and East Bay EDA Chair.

More information can be found at www.eastbayeda.org.

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