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Stockton Metro Aiport: big changes!

Stockton Metro Aiport: big changes!

Stockton Metropolitan Airport (SMA) Director Harry Mavrogenes outlined recent accomplishments and projected improvements at the facility to the San Joaquin Partnership Board of Directors this morning during its regular monthly meeting in Stockton.

Mavrogenes said there are four critical growth areas for the SMA:

1.Grow and promote existing air passenger service

2.Bring a domestic airline that will link Stockton with a major hub airport

3.Promote the creation of international service

4.Develop air cargo as a viable business

Fewer homeowners underwater in mortgages

Fewer homeowners underwater in mortgages

The housing market continued its recovery as CoreLogic, a leading global property information, analytics and data-enabled services provider, released a new analysis showing 254,000 properties regained equity in the first quarter of 2015.

Nationwide, nearly 90 percent of mortgaged residential properties, approximately 44.9 million, now have positive equity. Just over 5.1 million properties, approximately 10.2 percent, still have negative equity meaning owners are upside down or underwater in their mortgages.

Locally the numbers aren’t quite as good. The company’s statistics indicate that 15.3 percent of homeowners in the Stockton-Lodi area ... Read More

Poll shows correlation between income, Internet access

Poll shows correlation between income, Internet access

STOCKTON – A new Field Poll performed for the California Emerging Technology Fund (CETF) showed that 79 percent of California households have a home broadband Internet connection. That was up slightly from 75 percent in the same poll last year... Read More

Funneling customers from start to finish

Funneling customers from start to finish

That darn Internet changed everything.  It not only changed where people go to shop, but more importantly how customers make purchasing decisions.

According to the Corporate Executive Board Marketing Leadership Council, the average B2B customer has already gone through 60 percent of the purchase decision-making process before engaging a sales representative.

Gone are the days of an uninformed consumer.  With readily available information at consumers’ fingertips, leads are actively qualifying vendors and comparing products before they’re on your radar. That’s why the role of marketing and your digital brand is increasingly becoming a more integral part of the sales process.

As such, it’s vital for sales departments and the cool guys in marketing to not just co-exist, but to gain alignment in messaging, tactics and process.

Choose your funnel... Read More

Tesla could receive $15 million in California Competes tax credits

Tesla could receive $15 million in California Competes tax credits

SACRAMENTO — Gov. Jerry Brown’s administration is proposing a $15 million California Competes tax credit to electric vehicle-maker Tesla Motors, which has manufacturing facilities in Lathrop, Fremont, Palo Alto, and Hawthorne.

FoodPro International, a food industry consulting company in Stockton, and Balanced Books, an accounting firm in Turlock, are also in line for tax credits.

If approved, Tesla would receive $15 million in tax credits for creating 4,426 jobs at an investment of $2.3 million. The tax credits would also help offset the cost of buying manufacturing, research and development equipment, and property... Read More

Financial Center Credit Union ranked 13th in nation

Financial Center Credit Union ranked 13th in nation

STOCKTON — DepositAccounts.com has ranked Stockton-based Financial Center Credit Union as the 13th healthiest credit unions in the United States, the credit union announced Tuesday.

Financial Center Credit Union is one of only 66 credit unions to be ranked in the top 200 two years in a row.

“It’s a true honor to see Financial Center topping this list,” said Financial Center Credit Union President and CEO Michael Duffy. “Our area has seen more than its fair share of difficulties due to fallout from the subprime mortgage crisis, but Financial Center has always stood strong thanks to the sound decisions that were made throughout the 2000s.”

Financial Center was also awarded DepositAccounts.com’s A+ rating. That rating is based on factors that include capitalization, deposit growth, and loan to reserve ratios... Read More

Summer gas prices could be lowest since 2009

Summer gas prices could be lowest since 2009

MODESTO — Summer travelers can look forward to the lowest gas prices since 2009, AAA said Monday.

Nationally, the gas prices averaged $2.75 a gallon. While that’s the highest of the year so far, experts expect gas prices in the United States to drop soon because crude oil costs are stabilizing and refineries are finishing their season maintenance.

“This could be the year of the summer road trip with lower gas prices motivating millions of people to travel,” said AAA spokesman Avery Ash. “Many drivers are likely to save hundreds of dollars this summer as gas prices remain more affordable than in recent years.”

Local gas prices

In California, the average price of gas was $3.69 for a gallon of regular unleaded.

Modesto drivers saw gas prices drop to $3.38 for a gallon of regular unleaded, down from $3.45 a week ago and way down from $3.99 a year ago... Read More