TODAY

– July 22, 2014

Fresno County is bright spot in biz sales

Business sales in California fell by 46 percent in April compared to the month before.Business sales in California fell by 46 percent in April compared to the month before.Business sales shot up in Fresno County during April, an anomaly compared to most of the state.

According to the BizBen Index, which collects and reports data on the rate of small and mid-sized business transfers, 40 small businesses changed hands in Fresno County in the month compared to 13 the prior month and 26 a year ago.

In Tulare County, eight sales were reported to the website in April, down from 18 in March and nine last year.

Madera County businesses reported zero sales to BizBen in the month, the same as in March and in April 2013.

The same was true in Kings County, where BizBen showed only three sales so far this year and another three in all of 2013.

Among cities, Fresno had the most business sales on BizBen in April with 27 followed by four in Reedley and three each in Clovis, Sanger, Tulare and Visalia.

One sale each went through in Coalinga, Caruthers, Dinuba, Porterville, Selma and Strathmore.

Throughout the state, business sales on the site totaled 1,014 in April, down from 1,480 in March but up from 905 in April 2013.

According to BizBen, a high rate of business sales is an indicator of economic growth as banks are making more loans and buyers are growing confident in the profit potential of new investment opportunities.

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Written on 07/21/2014, 5:13 pm by Business Journal staff
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Written on 07/21/2014, 4:17 pm by Business Journal staff
The Fresno Regional Foundation is offering $600,000 in grants to area nonprofits to help them make a positive impact on children growing up in poverty. The funding is being offered as part of the foundation's 2014 High Impact Grant Cycle to support San Joaquin Valley organizations that work to improve educational and financial opportunities for families and children during critical years leading up to 3rd grade. Grants range from $25,000 to $250,000 depending on the funding scenario. Accelerator grants range from $100,000 to $250,000 fro two years for organization that are already collaborating with school districts or educational providers to address gaps and align services in the education pipeline. Connector grants range from $50,000 to $75,000 for one year for organizations that want to coordinate, connect and share information between different partners involved in education. Advocacy grants range from $25,000 to $75,000 for one to two years to help organizations identify and accomplish a specific policy or procedural change to improve outcomes for low-income children in areas of health, education and parent engagement. Interested applicants must participate in the foundation's grant information session taking place July 23 from 10 to 11 a.m. at the California Health Collaborative, 1680 W. Shaw Ave. in Fresno. Those that are unable to make it to that session may participate one of two webinars being held July 24 and Aug. 6 from 11 a.m. to noon. Registration for the grant information sessions as well as grant applications are available at by visiting www.fresnoregfoundation.org and clicking on the "Grantmaking" tab. Other questions can be answered by calling (559) 226-5600. The High Impact grants are part of a larger initiative called The Fund for the San Joaquin Valley, which aims to build a $20 million endowment through community giving to solve the region's most pressing challenges. The James Irvine Foundation seeded The Fund with a $3 million grant in 2011.
Written on 07/21/2014, 3:28 pm by Business Journal Staff
Pana-Pacific, a technology-based company currently located at 80 Van Ness in Fresno, is moving into a new 150,000 square feet industrial building in the Fancher Creek Business Park near Belmont and Fowler avenues in east Fresno. City of Fresno, Pana-Pacific and construction officials on Monday turned shovels to break ground on the new industrial building that will allow Pana-Pacific to add approximately 100 employees over the next two years. The $8.3 million project is the first large project to utilize the City of Fresno’s iDIFER (Industrial Development Impact Fee Elimination or Reduction) program. Under iDIFER the city is for a limited time, eliminating or reducing development impact fees for qualifying industrial job-producing projects. Pana-Pacific was able to save $168,000 in impact fees, said Scott Anderson, project manager for Penstar Group in Fresno. Penstar is the developer for the new Pana-Pacific building. Pana-Pacific supplies communications, truck audio and video, satellite radio and mobile appliances to Fortune 200 Companies on a global basis. The new building expands Pana-Pacific’s operating space from 90,000 square feet to 150,000 square feet. Anderson said there is no reason why technology-based companies can’t succeed in Fresno. “The workforce is ready to go,” he said. “This is the ideal location,” said Fresno Mayor Ashley Swearengin, who participated in the groundbreaking ceremony. She said iDIFER is working. “We needed to give people a break on fees,” she said. “Also we wanted to be a partner. This is about expediting the process.” Swearengin said the project approval process took just 30 days. “The City of Fresno was willing to work with us,” said John Trenberth, president of Pana-Pacific. “They saw the importance and what it means.” Swearengin added that by growing the job base, the city is starting to make a dent in Fresno unemployment. Sal Quintero, a member of the Fresno City Council, representing District 5, said Fresno needs diversity in its economy and Pana-Pacific provides that needed diversity.
Written on 07/21/2014, 2:23 pm by Matthew Craft, AP Writer
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Written on 07/21/2014, 2:20 pm by Michael Liedtke, AP Writer
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Written on 07/21/2014, 1:41 pm by CHRISTOPHER SHERMAN, WILL WEISSERT, Associated Press
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Written on 07/21/2014, 1:39 pm by LINDA DEUTSCH, AP Special Correspondent
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Written on 07/21/2014, 12:50 pm by Ben Keller, Business Journal staff writer
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Written on 07/21/2014, 12:43 pm by Business Journal staff
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Written on 07/21/2014, 12:36 pm by Associated Press
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