Friday, October 31, 2014
FAIRFIELD-SUISUN, CALIFORNIA
99 CENTS

Supervisors hear positive economic news

home construction 6_2_13

Home construction is shown in June 2013 at the Ivywood development at Comstock Way and Chaparral Loop in Vacaville. (Robinson Kuntz/Daily Republic file)

By
From page A10 | March 12, 2014 |

FAIRFIELD — Solano County supervisors on Tuesday heard words concerning the local economy that they have been waiting to hear for about six years.

“To a certain extent, one can claim the so-called Great Recession is over in Solano County,” Robert Eyler of Economic Forensics and Analytics told them. “The corner has been turned.”

But the Solano County 2013 Index of Economic and Community Progress that he presented to the Board of Supervisors also showed there’s room for more improvement. The board met in its chamber at the county Government Center.

For example, about 11,700 more residents have found jobs since 2010. But another 6,285 residents need to find jobs before the unemployment rate will drop to the 2005, pre-recession mark of 5.4 percent, the report said. The rate is at about 8 percent.

Solano County launched the community progress reports in 2007 after several local economic summits. These reports are designed to take the pulse of the local economy. The latest edition focuses on how the county is recovering from the recession.

The Bay Area has been the center of recent economic growth, Eyler said. From there, it ripples out.

“That wave is now starting to crash on places such as Solano County,” he said.

One positive sign is recovery in the housing market. The housing market meltdown helped trigger the Great Recession.

The local housing market in 2013 experienced a “perfect, positive storm” with strong financing conditions, availability of houses and rising demand. The number of foreclosures and notices of default fell to pre-recession levels. Prices climbed to 56 percent over the lowest median level during the recession, the report said.

The median price for a Solano County home in December 2013 was $218,000, according to San Diego-based real estate service DataQuick.

Higher home prices means more wealth for homeowners. Higher prices also make it harder for others to buy homes. The report indicates the county seems to be enjoying the best of both worlds.

“Solano County still has a regional advantage in terms of being relatively affordable,” Eyler said.

Fifty-six percent of the county population in 2013 could afford a median-priced house. That compares to 50 percent in Sacramento, 28 percent in Napa County, 24 percent in Sonoma County, 18 percent in Contra Costa and Marin counties, 16 percent in San Francisco County and 32 percent for the state, the report said.

Gross domestic product is a common measure of the nation’s economy. The Solano County report looks at the gross county product – the sum of all goods and services purchased within county borders during a year.

Solano County’s gross county product grew by more than 4 percent in 2012 and perhaps by 3.8 percent in 2013, the report said. Still, the county’s inflation-adjusted, pre-recession gross county product in 2005 was 5.2 percent larger than in 2012, showing the county has yet to overcome the losses from the recession, it said.

Sandy Person, president of the Solano Economic Development Corp., said major employers seem to be doing better in Solano County than small businesses. Major employers account for 5 percent of county businesses.

Supervisor Skip Thomson agreed. Perhaps that’s because large employers do business statewide, nationwide and even internationally, he said.

“If you talk to the folks in the small business community I talk to, things aren’t all that great,” Thomson said.

Solano County and the Solano Economic Development Corp. released the new report.

Eyler will present the Index of Economic and Community Progress at 8 a.m. March 28 the Solano Economic Development Corp. breakfast at the Hilton Garden Inn, 2200 Gateway Court, Fairfield. Call 864-1855 for registration information.

Reach Barry Eberling at 427-6929 or beberling@dailyrepublic.net. Follow him on Twitter at www.twitter.com/beberlingdr.

Barry Eberling

Barry Eberling

Barry Eberling has been a reporter with the Daily Republic since 1987. He covers Solano County government, transportation, growth and the environment. He received his bachelors of art degree from the University of California, Santa Barbara and his masters degree in journalism from the University of California, Berkeley.
LEAVE A COMMENT

Discussion | 3 comments

The Daily Republic does not necessarily condone the comments here, nor does it review every post. Read our full policy

  • The MisterMarch 12, 2014 - 7:22 am

    Sweet! Now we can raise taxes!!

    Reply | Report abusive comment
  • George Guynn, JrMarch 12, 2014 - 9:57 am

    The FSUSD Board already wants a parcel tax. Be sure to say no when you are surveyed and VOTE NO when the election comes!!!!!!

    Reply | Report abusive comment
  • Rich GiddensMarch 12, 2014 - 11:32 am

    Meanwhile, full employment has been achieved in Charleston. Solano County officials are merely posturing and grandstanding as they and their news media pals try to create false appearances. The unemployment and crime rates in Solano County are booming.

    Reply | Report abusive comment
.

Solano News

Dad finds passion creating set pieces for son’s shows

By Amy Maginnis-Honey | From Page: B1

 
Real estate agent pens, produces movie

By Amy Maginnis-Honey | From Page: B1

 
 
Candy from sky highlights North Texas Street event

By Ryan McCarthy | From Page: A3 | Gallery

 
Vintage Fair on tap at McBride Senior Center

By Amy Maginnis-Honey | From Page: A3

 
Fairfield police log: Oct. 29, 2014

By Susan Hiland | From Page: A12

Suisun City police log: Oct. 29, 2014

By Susan Hiland | From Page: A12

 
.

US / World

Judge approves Stockton’s bankruptcy plan

By The Associated Press | From Page: A1

 
California eyes $500 billion in water spending

By The Associated Press | From Page: A1

Marine wants new charges in Iraq war crime tossed

By The Associated Press | From Page: A3

 
Roseville officer accused of criminal threats

By The Associated Press | From Page: A3

Poll: Democrats leading in all statewide races

By The Associated Press | From Page: A4

 
Man charged with murder in SWAT officer shooting

By The Associated Press | From Page: A4

Teen arrested in threat at Sacramento school

By The Associated Press | From Page: A4, 1 Comment

 
Police make arrest in slaying of Oakland mom

By The Associated Press | From Page: A4

Retrial in assault case over stray cat feeding

By The Associated Press | From Page: A4, 1 Comment

 
Missing California hunter roasted bugs, lizards

By The Associated Press | From Page: A4, 1 Comment

Pilot identified in California jet crash

By The Associated Press | From Page: A4

 
Lawsuit: Surgical gowns let diseases pass through

By The Associated Press | From Page: A5

Fearing Ebola? Doctors say get a flu shot

By The Associated Press | From Page: A5

 
Questions, answers about California’s Ebola policy

By The Associated Press | From Page: A5

Maine in standoff with nurse over Ebola safeguards

By The Associated Press | From Page: A5

 
Relatives suspected poisoning in family’s deaths

By The Associated Press | From Page: A6

Pair convicted in secret $1.6 M Navy silencer deal

By The Associated Press | From Page: A7

 
Guard troops sent to site of Hawaii lava flow

By The Associated Press | From Page: A7

Terminally ill woman may postpone taking her life

By The Associated Press | From Page: A7

 
Man’s own dog helps police bust him on drug charge

By The Associated Press | From Page: A7

Vatican admits Sistine Chapel frescoes ‘whitened’

By The Associated Press | From Page: A10 | Gallery

 
Israel closes Jerusalem holy site after shooting

By The Associated Press | From Page: A10

Fearing uprising, Iraq militants hunt ex-police

By The Associated Press | From Page: A10 | Gallery

 
Death penalty sought for trooper ambush suspect

By The Associated Press | From Page: A12

.

Opinion

Man’s prosecution unwarranted

By Letter to the Editor | From Page: A11, 1 Comment

 
Are we safe now?

By Letter to the Editor | From Page: A11, 15 Comments

 
Editorial Cartoons: Oct. 31, 2014

By Daily Republic Syndicated Content | From Page: A11

Brown’s moderate stance resonates with voters

By Dan Walters | From Page: A11

 
 
.

Living

Community Calendar: Oct. 31, 2014

By Susan Hiland | From Page: A2

 
Today in History: Oct. 31, 2014

By The Associated Press | From Page: A2

My husband sends texts filled with ‘dirty talk’ to an old flame

By Kathy Mitchell and Marcy Sugar | From Page: A9

 
Horoscopes: Oct. 31, 2014

By Holiday Mathis | From Page: A9

.

Entertainment

Week in preview Oct. 31-Nov. 6, 2014

By Amy Maginnis-Honey | From Page: B1

 
Jorge Garcia makes the most of ‘Hawaii Five-O’

By The Associated Press | From Page: B1

Monica Potter wants to save her show ‘Parenthood’

By The Associated Press | From Page: B2

 
Review: Jake Gyllenhaal, tightly coiled and creepy

By The Associated Press | From Page: B2

Exhibit on Paul Simon’s life to debut at Rock Hall

By The Associated Press | From Page: B2

 
PBS touts 2013-14 ratings growth

By The Associated Press | From Page: B2

Reality TV show ‘Big Brother’ to debut in China

By The Associated Press | From Page: B2

 
‘The View’ now under ABC News as further revamping

By The Associated Press | From Page: B3

Review: ‘Sleep’ a decidedly average psych thriller

By The Associated Press | From Page: B3

 
Entertainment calendar Oct. 31, 2014

By Amy Maginnis-Honey | From Page: B4

Winter’s wife has blues listening to his new album

By The Associated Press | From Page: B5

 
Pulitzer Prize-winning poet Galway Kinnell dies

By The Associated Press | From Page: B6

TVGrid

By Daily Republic Syndicated Content | From Page: B6

 
.

Sports

 
 
Benicia fends off Vanden, 35-21

By Nick DeCicco | From Page: B7 | Gallery

New dynasty: Giants capture 3rd title in 5 years

By The Associated Press | From Page: B7 | Gallery

 
Bye week helps 49ers Vernon Davis’ recovery

By The Associated Press | From Page: B8

Sonoma Raceway to host IndyCar Series finale in 2015

By The Associated Press | From Page: B8

 
Warriors exercise options on Barnes, Ezeli

By The Associated Press | From Page: B8

Mack making impact for Raiders even without sacks

By The Associated Press | From Page: B8 | Gallery

 
This date in sports history for Friday, Oct. 31, 2014

By The Associated Press | From Page: B9

 
Prep football capsules: Week 9

By Paul Farmer | From Page: B10

.

Business

Not so sweet: Chocolate prices are set to rise

By The Associated Press | From Page: B11 | Gallery

 
Apple CEO publicly acknowledges that he’s gay

By The Associated Press | From Page: B11, 1 Comment | Gallery

FTC accuses Gerber of false claim on baby formula

By The Associated Press | From Page: B11

 
.

Obituaries

Oscar Lee Vezeau

By Susan Hiland | From Page: A4

 
Robert Louis Wright

By Nancy Green | From Page: A4

.

Comics

Peanuts

By Daily Republic Syndicated Content | From Page: A8

 
Baby Blues

By Daily Republic Syndicated Content | From Page: A8

Baldo

By Daily Republic Syndicated Content | From Page: A8

 
Blondie

By Daily Republic Syndicated Content | From Page: A8

Zits

By Daily Republic Syndicated Content | From Page: A8

 
Dilbert

By Daily Republic Syndicated Content | From Page: A8

Frank and Ernest

By Daily Republic Syndicated Content | From Page: A8

 
Sally Forth

By Daily Republic Syndicated Content | From Page: A8

B.C.

By Daily Republic Syndicated Content | From Page: A8

 
For Better or Worse

By Daily Republic Syndicated Content | From Page: A8

Pickles

By Daily Republic Syndicated Content | From Page: A8

 
Garfield

By Daily Republic Syndicated Content | From Page: A8

Beetle Bailey

By Daily Republic Syndicated Content | From Page: A8

 
Wizard of Id

By Daily Republic Syndicated Content | From Page: A8

Rose is Rose

By Daily Republic Syndicated Content | From Page: A8

 
Get Fuzzy

By Daily Republic Syndicated Content | From Page: A8

Word Sleuth

By Daily Republic Syndicated Content | From Page: A9

 
Bridge

By Daily Republic Syndicated Content | From Page: A9

Sudoku

By Daily Republic Syndicated Content | From Page: A9

 
Crossword

By Daily Republic Syndicated Content | From Page: A9