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Economic Forecasts Help Community Planners Predict Future Needs

Now more than ever, the state of California will continue to look for new ways to bring business to the area. After another devastating month of fires in many parts of the state, it should come as no surprise that the state will be looking for increased technology industry options as well as other kinds of increases to the state’s workforce. Looking for people who are interested in both expanding and starting a business, local and state officials will continue to offer incentives to attract businesses that will come in and help boost the regional economy.

Business news in the state of California is playing a secondary role to the news about the latest fires, but every time that there is an opportunity to add to the regional economy there will be local people paying attention. As families and businesses prepare to overcome the setbacks they have faced because of the fire, it is even more important that the skilled laborforce is offered new opportunities.

Business News Continues to Focus on Growing Industries and Expanding Job Options

Every part of the country constantly looks for encouraging business news that will show that local economies are growing. When a devastating event like a fire ravages a state, promise of economic growth is even more needed. Consider some of these facts and figures about the way that the state of California, specifically the county of Shasta, works toward improved economic growth to support both individual families and the community as a whole:

  • Higher than the national average of 93%, as of 2016, 97.7% of Shasta County residents were U.S. citizens.
  • Employees in Shasta County have a shorter commute time, 18.9 minutes compared to the normal U.S. worker commute of 25 minutes.
  • The median property value in Shasta County is $223,500 and the homeownership rate is 62.1%.
  • The 2017 population estimate for Shasta County, California was 179,921 residents with the median age being 42.3 years, according to the U.S. Census Bureau.
  • Jobs in management and administration, food and healthcare service, construction, transportation, production, and sales are quite common, leading to the 2.33% employment growth in Shasta County from 2015 to 2016.

Every community wants to make sure that its economic outcome looks great. In the state of California, however, there are specific areas that are looking for new business growth as a way to grow their economy after devastating fires in the past.

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