Sacramento County Business, Economy & Jobs Digest

Redfin data shows that tens of thousands of more people look to leave California than buy homes in the Golden State. There’s an exception, however: the Sacramento region, which remains one of the hottest homebuying markets in the country.

Two theme park giants, Six Flags and Cedar Fair, announced they are merging. It could have potential impacts on California theme parks like Six Flags Magic Mountain, Knott’s Berry Farm and Six Flags Discovery Kingdom.

California’s population of homeless veterans has plateaued despite billions of dollars in state spending to create housing for former service members. Now, Gov. Gavin Newsom wants to shift resources to focus on veterans with serious mental health conditions.

The USA is likely to see consistent job growth from the transition to net zero, but the gains will be unevenly distributed, shows a new analysis conducted by Imperial College London researchers and published in Nature Climate Change.

Four technology companies, including Google, have announced they're laying off close to 1,700 workers in California. This follows tech layoffs that have been underway since last year.

The acquisition includes the Daou brand, Daou Mountain Estate, four luxury wineries, and around 400 acres of vineyards in Adelaida District of Paso Robles in San Luis Obispo County.

The San Diego Union-Tribune, which has operated for 154 years, sold to controversial Alden Global Capital last year. It’s not looking great for the paper’s future.

PG&E bills have risen substantially in recent years and are likely to go up again in January 2024. But opposition from lawmakers and others could be mounting.

The California Department of Finance notes that the state collected $18 billion in tax revenues in October 2023, after projecting as much as $42 billion. It could mean a wider budget gap than anticipated, with state leaders already acknowledging a looming $14 billion deficit.

Mohammad Nazary is getting ready to open Aria Furniture in the suite formerly occupied by Express clothing store. Aria Furniture will be the second business owned by the Nazary family at the mall with wife Dyana Nazary owning M&M Culture.

Purpose-Built Trade Co., a new workwear clothing store, held its grand opening Oct. 21 on Sunrise Boulevard.

After years of isolation and virtual classes, young professionals in California’s workforce are reportedly struggling with greater mental health challenges and burnout. If colleges and companies don’t pay more attention, there could be economic consequences.

Drivers traveling along Auburn Boulevard may have noticed new signage outside a recently renovated strip mall announcing a new pizzeria, slated to open in November.

Four out of five consumers have had their spending habits impacted by inflation, according to a 2023 Consumer Spending Index. Over half of that 80% turned to discounts and promotions and sought lower-priced options to combat inflation.

After years of planning a broadband system to bridge California’s digital divide, officials deprioritized some low-income areas due to unexpected costs. Gov. Gavin Newsom says he’s committed to funding the entire network, but advocates are skeptical.

Rite Aid, one of the largest pharmacy chains in the U.S., and the only pharmacy local to Rio Linda, has taken the step of filing for bankruptcy.

Unions at Kaiser Permanente put pressure on the health care giant to raise pay and address what they called understaffing during two strikes over the past year. The results reflected labor’s power in California.

One year after California launched a program creating college savings accounts to address inequity, only 6% of the accounts have been claimed. Now officials are increasing outreach.

The changes come one week after 14 board members resigned, many citing a lack of support and communication from the university.

Michael Tubbs is well aware of the sobering statistics about American poverty. He did something about it while mayor of Stockton, creating a guaranteed income program.

With the growing use of AI, campus officials are trying to set clear guidelines for college application essays.

The governor signed two other bills that strengthen protections for grocery workers during grocery store mergers and acquisitions.

The new Ross Dress for Less location in south Natomas opened over the weekend. The discount retail store in a long-vacant storefront.

A new California law will ban over two dozen chemicals from fragrances and cosmetics. It’s another first-in-the-nation law—and another instance of California following European Union regulators.

The first of its kind in the California Capital Region, United Way started its guaranteed income program in 2021 with a $10 million gift from philanthropist MacKenzie Scott.

If California’s new U.S. senator runs in the 2024 election, she would likely have to court labor unions’ support, quickly. But with three other labor-friendly Democrats already winning union backing, time and resources are running out.

Californians will require large corporations to publicly disclose their carbon emissions and financial risks posed by climate change, after Gov. Gavin Newsom signed bills on Saturday considered the year’s strongest environmental legislation.

Capital Public Radio’s board of directors voted to hire a new general manager on Oct. 3, but Sacramento State said it opposes the move for the financially troubled broadcaster and will not fund the position.

Sacramento is looking into updating the tax for the first time since 1991 in order to adjust for inflation and generate more money for the city budget.

Airbnb CEO Brian Chesky seems to have found himself in a Catch-22, caught between the conflicting demands of guests and hosts.

Newsom rejected Senate Bill 799, which would have paid striking workers California unemployment benefits after two weeks, and SB 686, which would have extended workplace safety protections to domestic workers, such as housekeepers and nannies.

The $700 million price tag sets a $7 billion mark that would make the Warriors one of the world’s most valuable sports teams.