Thursday, January 24, 2008 - 2008 Capitol Region's Econonmy

On January 24, 2008, the Sacramento State Alumni Association and the Business Chapter hosted a Breakfast Club event featuring Ron Trujillo, the editor of the Sacramento Business Journal, at the alumni center at Sacramento State. The Alumni Association has sponsored Breakfast Club events in the past, but this was the first time the Business Chapter co-sponsored a Breakfast Club event. Paul Finn (US Postal Service), Business Chapter board member and chair of the Business Speaker Series Committee, was the catalyst for this event. He suggested the partnership for the Breakfast Club event and obtained the speaker. The discussion topic for the event was "Challenges to Progress: The Future of the Capitol Region's Economy." The event was a tremendous success, the room was packed and the audience had many interesting questions about the direction of Sacramento economy. In his address, Mr. Trujillo discussed the local real estate market and noted that this is not the first time local prices have dropped. He shared that local housing prices are once again looking like a bargain and he expects the drop to flatten out within the next year to eighteen months as buyers from more expensive housing markets discover the value the Capitol city has to offer. Mr. Trujillo also shared his insights about the commercial real estate market, public transportation, the Sacramento airport, levees and flood control, the Sacramento Kings arena, and the future of the Rail Yard project among other hot local topics. You may listen to Ron Trujillo's daily business report on Capitol Public Radio. Please visit our chapter website for information about our next business speaker event and other events sponsored by the Business Chapter.