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North Bay Economic Trends: Development and Construction CELSOC Marin Chapter

Introduction. Construction's Role in Our EconomyEasy to define what is construction"?This is slowly changingRenovation the focus from here?Skilled job providerEmploys across age, demographics, educationBegins a multiplicative economic cycleCosts of construction drive business decisions.Dema

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North Bay Economic Trends: Development and Construction CELSOC Marin Chapter

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    1. North Bay Economic Trends: Development and Construction CELSOC Marin Chapter Robert Eyler, Ph.D. Chair, Economics Department Director, Center of Regional Economic Analysis Sonoma State University www.sonoma.edu/org/crea

    2. Introduction Construction’s Role in Our Economy Easy to define what is “construction”? This is slowly changing Renovation the focus from here? Skilled job provider Employs across age, demographics, education Begins a multiplicative economic cycle Costs of construction drive business decisions. Demanding raw materials to control of available space.

    3. Introduction (cont.) Development’s Role in our Economy Defining “development” a little more tricky Residential vs. Commercial vs. Community Profit-driven vs. Community-driven? Natural boundaries The North Bay is pushing on its urban boundaries Will this be expanded? Should it be expanded? Development leads or follows construction?

    4. 2006 and Beyond Economy cycles up and down We are in a slow growth period now. ABAG: Growth in North Bay mainly in Sonoma, Napa Counties for jobs Marin County slowest growth, oldest, richest through 2030. Demography shifting toward more Hispanic population, older residents. Loss of “middle class” a major concern

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