SSU forecast: North Bay recession to end this summer | Business-Home | PressDemocrat.com PressDemocrat Petaluma360 WineTravel Business Journal NEWS Pets PDPreps Blogs Register | Forums | Log in Moms WEB SEARCH Sponsored Eat For Less In San Francisco Just enter your email address and get access to the best deals in San Web Search Powered By YAHOO! SEARCH 55° CLOUDY, SANTA ROSA, CA | HOME DELIVERY | NEWSPAPER ADS | NEWS WIRE | PLACE/CHANGE AD Home News Business Sports Entertainment Living Opinion Obituaries Francisco... Learn more Classifieds Real Estate Jobs BUSINESS ENLARGE TEXT Cars Advertisement EMAIL PRINT REPRINT SHARE Eat For Less In San Francisco Just enter your email address and get access to the best deals in San Francisco... Learn more VIEW ONE PAGE SSU forecast: North Bay recession to end this summer $78 R/T From Rohnert Park? It’s true: Airfare from only $78. Get the Top 25 weekly deals email & Save up to 50% on travel! Learn more By STEVE HART THE PRESS DEMOCRAT Published: Thursday, February 25, 2010 at 11:51 a.m. Last Modified: Thursday, February 25, 2010 at 11:51 a.m. Add Your Link Here! The North Bay’s economic woes are likely to continue for another year, with little sign of job growth on the horizon, a Sonoma State University economist told business leaders in Petaluma on Thursday. “We won’t see very much recovery over the next year,” said Robert Eyler, who heads the EVENTS CALENDAR MORE EVENTS SUBMIT EVENT Sponsored by: 26 FRI 27 SAT 28 SUN 1 MON 2 TUE Enter event type or date university’s Center for Regional Economic Analysis. While the U.S. economic downturn probably ended sometime last fall, the North Bay will linger in recession into the summer, Eyler said. “We are looking at continued stagnation locally, at least through the first half of the year,” he said. MOST READ MOST EMAILED MOST RECENT Restaurant owners serving up recipes of survival Students, parents brace for Rohnert Park school closure Niners don't plan to break bank Hopes raised for salmon season Longer term, the U.S. is at risk of a “double dip” that would push the economy back into Grandma has a calf recession. Small business and manufacturing are keys to a sustained turnaround, Eyler said. Ukiah seeks new life for Palace Hotel Pro skier dies at Tahoe resort “We have to think about job creation through production, not consumption,” he said. Testimony underway in preliminary hearing for Sonoma burglary suspects Sonoma State is leading a campaign to create a regional economic development corporation Rain today still coming, but later to jump-start the North Bay’s recovery, said Bill Silver, dean of the university’s business SeaWorld: Whale will continue to perform school. The school has held talks with business groups about the effort, which would promote the North Bay as a spot for job growth, he said. “It’s been a rough 18 months. It’s time to get off the sidelines and get back in the game,” Silver said. “We have a vision for the North Bay as a thriving economy.” The corporation would focus on strategies for job development, said Cynthia Murray, CEO of North Bay Leadership Council, a Petaluma-based employers group that’s supporting the effort. “It’s very important for us to get people back to work,” she said. http://www.pressdemocrat.com/article/20100225/BUSINESS/100229704/1036?Title=SSU-forecast-North-Bay-recession-to-end-this-summer[2/26/2010 11:47:47 AM] SSU forecast: North Bay recession to end this summer | Business-Home | PressDemocrat.com 1 2 NEXT PAGE All rights reserved. This copyrighted material may not be re-published without permission. Links are encouraged. 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Restricted use only. http://www.pressdemocrat.com/article/20100225/BUSINESS/100229704/1036?Title=SSU-forecast-North-Bay-recession-to-end-this-summer[2/26/2010 11:47:47 AM] Photo Reprints Site Map SSU forecast: North Bay recession to end this summer | Business-Home | PressDemocrat.com http://www.pressdemocrat.com/article/20100225/BUSINESS/100229704/1036?Title=SSU-forecast-North-Bay-recession-to-end-this-summer[2/26/2010 11:47:47 AM]