Forbes: Santa Rosa Ranks #10 in Job Growth
In a recent Forbes article, “The Best Places for Business and Careers,” Santa Rosa was recently listed as #10 in job growth and #71 in education, and #86 overall. Here is a little insight from Paul Schwartz, Senior Sales Associate/Commercial Division as to why Santa Rosa earned this recognition.
Firstly, the key to our economic strength is our business diversity. We have a very diverse economy, with the wine industry and tourism leading the way, in addition to other large sectors such as health care, financial and real estate services, retail, construction, technology firms and government/education. The mix of private companies that provide products and a supply chain as well as other support services (e.g. finance, marketing, graphics, barrels and corks) for the wine industry is very significant.
Being ranked 10th in job growth and 71st in education reflects the skilled and semi-skilled labor force, a great quality of life and strong rebound from the recession. Santa Rosa is the largest business and services center between San Francisco and Portland, Oregon. Hence, the medical and service (finance, real estate, banking, legal, government) industries attract from a large geographic region extending from Marin County to Mendocino and Lake Counties and further north. Tourists from throughout the world come for our world class wines and craft beers. Medical patients come from throughout the north coast, students to attend Sonoma State University and Santa Rosa Junior College as well as private schools, and employers attract employees for the lifestyle and family oriented community.
Another significant factor is the expanding air service from the Sonoma County Airport to several cities including Los Angeles, San Diego, Portland, Seattle and Phoenix. This makes corporate business travel easy and our ability to attract employees very competitive as a result of our connections to other west coast cities and major markets. Our lower than average Bay Area cost of living means executives and employees have greater buying power for housing and services in Santa Rosa compared to other Bay Area cities that are significantly more expensive.
The Smart Train will also provide a great connection for employees wanting to commute up and down the 101 corridor to work and for tourists visiting wine country from Marin and other parts of the Bay Area.
Culturally speaking, Santa Rosa and Sonoma County attract people from throughout the world for the Green Music Center at Sonoma State University, the Gran Fondo Bicycle Race, the Tour of California 10-day Professional Bike Race, the annual wine industry harvest and more recently the craft beer industry explosion. The bike races have brought international attention to Santa Rosa and Sonoma County through ESPN coverage and over 5,000 cyclists converging on Santa Rosa for the annual Gran Fondo event. The Green Music Center has already become a nationally renowned facility for concerts, and the economic ripple effect of these events is in the millions of dollars each year. The repeat tourist business generated by these events and the Green Music Center is significant for the hotel industry, restaurants, retail and wine sales.
As new home construction picks up in Santa Rosa and surrounding Sonoma County cities, construction will once again become a major component of the employment and economic mix in Sonoma County. In recent years the construction industry has been driven by commercial construction of hospitals, educational facilities, hotels, light industrial buildings, a casino and wineries in or near Santa Rosa.
Paul Schwartz is an investment and leasing agent in Santa Rosa, California where he has been a perennial top producer in Sonoma County commercial real estate, specializing in the sale and leasing of office, retail and industrial income properties. Paul’s extensive market knowledge and technical skills in the commercial real estate arena, positive business relationships and commitment to working with clients from start to finish have distinguished Paul in his profession.
Paul currently has the Bank of America building listed for sale at 10 Santa Rosa Avenue, Santa Rosa.
Paul can be reached by phone
Source: Terra Firma