09/24/2021

News

Affordability Crisis Prices National Park Service Office Out of San Francisco

Federal officials plan to relocate an office that helps oversee 60 national parks throughout the western United States from downtown San Francisco to Vancouver, Washington, in a move they say could save millions of dollars. Staff at the National Park Service Pacific West Regional Office were told this week that the local unit is expected […]

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Why Hershey is uprooting this Bay Area food business for a headquarters move to Austin

The Pennsylvania-based chocolate and snack foods giant acquired the local jerky startup for nearly $220 million in 2015. At the time, Hershey said it was committed to keeping Krave’s headquarters in Sonoma.

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Last call for Campari’s S.F. headquarters as spirits giant relocates to New York

San Francisco will soon be drained of one of the world’s largest spirits companies with Campari America’s recent decision to relocate its Bay Area headquarters to the East Coast. The Campari Group subsidiary plans to vacate its offices in Levi’s Plaza this fall after signing a nearly 65,000-square-foot lease in New York City to accommodate […]

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Bechtel Group moving headquarters to suburban Washington, D.C.

San Francisco lost one of its most storied firms Thursday when Bechtel Group said it will move its headquarters to Reston, Va., by year-end after more than a century here. The loss of the San Francisco headquarters of the secretive engineering, construction and project management company means the Bay Area will lose about 150 jobs […]

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Utilities commission migrating to Sacramento because of Bay Area costs

The agency that regulates California’s largest power companies is moving positions from San Francisco to Sacramento because it can’t find new employees who can afford to live in the Bay Area.

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Finance Flies West, and South

Alliance-Bernstein notwithstanding, New York is not close to losing its hegemony over finance. With 472,000 employees in that industry, the city dwarfs all its competitors, including runner-up Chicago, where finance employs 264,000. Finance jobs in New York, according to Pepperdine University’s Michael Shires, have grown at a respectable 11 percent since 2009, though the pace […]

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Solar-Panel Makers Ramp Up U.S. Manufacturing Plans

At least three panel companies have announced manufacturing plans in the U.S. in recent months. China’s JinkoSolar Holding Co. is opening a factory in Jacksonville, Fla. SunPower Corp. has agreed to acquire struggling panel maker SolarWorld Americas Inc. First Solar Inc. plans to open a new factory in Ohio, where it already has some panel-making […]

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Price Pump to move Sonoma manufacturing business to Idaho

It’s the end of an era. Price Pump has grown and thrived in Sonoma for 70 years. But before the end of this year, the manufacturer of high-tech pumps will pull up stakes and move its headquarters – lock, stock and pump – to Boise, Idaho. “It has simply become too difficult and too costly […]

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California Migration

•From 2006 to 2016, 1,090,600 more people moved out of California to other states than moved from other states to California. •Migration and income trends vary by region. The Bay Area, which had the highest percentage gains in high-wage jobs, has experienced overall net migration growth since 2014. By contrast, Los Angeles and the Inland […]

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San Jose’s SunPower buys solar rival — and avoids Trump’s tariffs

SunPower of San Jose reported Wednesday that it will buy SolarWorld Americas, a solar manufacturer in Oregon, in a sign of how the industry is reconfiguring itself to deal with the Trump administration’s protectionist moves. SunPower will use SolarWorld’s factory in Hillsboro, Ore., to build its own panels, while the facility continues to make SolarWorld […]

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Homegrown agricultural technology company moving headquarters to Texas

A publicly traded company that started in the Sacramento region, moved away and came back once before, is again taking its headquarters out of the area. RiceBran Technologies, which moved to West Sacramento from Scottsdale, Arizona, only last year, will relocate to Houston in the second quarter, CEO Robert Smith said on a conference call […]

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San Francisco Has a People Problem

San Francisco is such a boomtown that people are leaving in droves. In 2016 and 2017, more people moved out of the San Francisco-Oakland-Hayward metropolitan area—an urban core of 4.7 million people in a broader region known as the Bay Area—than moved into it from other parts of California or the U.S., according to U.S. […]

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San Francisco Is No Longer the Startup Capital. Here’s Where Startups Should Look Next

Tech companies are feeling the weight of rising costs in cities like San Francisco and New York City. More and more people are leaving the coasts in favor of opportunities in less expensive areas. Meanwhile, many cities across middle America are experiencing huge economic booms alongside still-recovering real estate markets, making them attractive to startups […]

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California Housing Problems Are Spilling Across Its Borders

Net annual departures from California slowed to about 20,000 after the recession, but have climbed back to more than 100,000, according to the Census Bureau. “A lot of people feel like they want to get out while those markets are hot,” said Jaime Moore, a real estate agent based in Reno who is with Redfin, […]

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TreeHouse Foods closing Visalia plant next year

The Illinois-based company, which has 40 plants across the U.S., Canada and Italy making pre-packaged foods and beverages, announced earlier this month its plans to close the Visalia plant at 9945 W. Goshen Ave. as part of a larger downsizing due to declining sales. . . . The Visalia facility produces pretzels and cereal snack […]

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