Weekly Issues

Fresno warehouse expanding for solar panels

Trucks are not the only things moving for Quali-T-Ruck Service in Fresno, whose Sierra West Warehouse is expanding with a planned 50,000 square-foot warehouse to store a incoming stock of solar panels.
Owner Dale Mendoza acquired his first 60,000 square-foot warehouse at a six-acre site on Church and Orange avenues south of downtown Fresno in 1989 to distribute iron, lumber, oil and other commodities.

Most Valley counties grew in last year

California grew by 332,000 people between July 1, 2012 and July 1, 2013 to total more than 38.2 million, according to official population estimates released by the Department of Finance. The growth rate of 0.9 percent and the 332,000 numeric gain are the highest for California since the pre-recession year of 2003-04.
Although the birth rate itself continues to decline, California births were slightly higher than last year. Births less deaths, called natural increase, remain a primary source of the state’s population growth.

Dry conditions above and below prompt well-digging frenzy

Dry weather conditions have kept Valley well diggers busy, both for residential and agricultural uses.
In addition, the underground water table and well levels have fallen, meaning higher demand for new wells and deeper wells.
Fresno alone has 260 pump stations. But the county has many more wells, including those dug for residents in the country and wells used for farming and industrial users.
Fresno County has a total of 26,567 well drilling permits on file. In 2012, the county issued 503 well drilling permits.

Craig Sharton

Craig Scharton
Owner
Peeve's Public House & Local Market

What we do: We’re a casual, American-style pub that features local, seasonal food and 75 craft beers

Transition in works for United Security Bank

Sierra Bancorp, parent company of Bank of the Sierra in Porterville, named Kevin J. McPhaill as president and chief operating officer effective Jan. 1.
As part of the transition, McPhaill will replace current president James C. Holly, who will continue to serve as CEO for the time being.
McPhaill, currently the company's executive vice president and chief banking officer, will later be named as both president and CEO. The offices are temporarily being separated to allow for an orderly management of succession with minimal disruption, according to a news release.
Holly, who has served in his position since 2000, remarked on McPhaill's 23 years of banking experience and positive leadership since coming aboard Bank of the Sierra in 2001.

Local goods seller winner of Kingsburg biz contest

The City of Kingsburg wrapped up its inaugural business plan contest last week, awarding $25,000 in goods and services to a startup selling Central Valley handmade products in one convenient store.
Kingsburg residents Kim Regier and Diana Weston started out as one of 25 applicants of the Kingsburg Economic Development Committee’s Launching Pad contest announced in October.
After the committee pared down the entrees, the two found themselves among five semi-finalists working with logo designers and business plan coaches to help them prepare a presentation for their business, Matt i Dalen (Swedish for Heart of the Valley).

Shortage could shave $2B from farm receipts

Area farmers will move into the New Year knowing that if water supplies don’t improve in the coming winter months, a projected $8 billion gross value agricultural crop in Fresno County in 2014 would likely have to be revised to about $6 billion.
Fred Rinder, county deputy agricultural commissioner, said farmers plan their crops months ahead, and right now it looks like some major cropland may go fallow.

California Drought

Conditions challenge state’s cattle industry

Soaring cattle prices are breaking records as area ranchers try to rebuild herds reduced in recent years by drought and resulting high feed costs.
At the same time, demand for beef exports from the U.S. has grown sharply.
Prices hit  $132 per one hundred pounds in November for steers and heifers. Choice carcasses currently command more than $200 per one hundred pounds, or cwt.
Beefmagazine.com reports that quoted live cattle prices stand at $133.25 cwt. for Dec., $134.27 cwt. for Feb. 2014 and $135 cwt. for April 2014.

Carole Jacoby

Owner/Broker
Carole Jacoby & Co. Real Estate, Inc.

What we do: We are a small, family owned and operated real estate company. Because we are a small boutique company, our clientele feels the warmth and hands-on service we provide. They are welcome to call us anytime, day or evening and we are delighted to be available to them. Because of the many years in real estate, we provide excellent information regarding anything of concern from our buyers and or sellers. 

Prop. 30 stops the bleeding at local schools

Tuition spikes and cost cutting of past years began to subside for schools in 2013.
The passage of the Proposition 30 tax increase last November aimed to generate around $6 billion a year to support education.
After losing nearly $1 billion in state support from 2007 to 2012, community colleges across California were working with an additional $210 million in revenue to restore some of their lost summer courses.