Bridge Bank Hosts 7th Annual Economic Summit
Dr. Christopher Thornberg of Beacon Economics was the keynote speaker at the 7th annual Economic Summit, held Thursday, June 1st at San Jose State University. With over 450 local business leaders in attendance, Dr. Thornburg provided a forecast of Silicon Valley’s economic landscape and its impact on local businesses. Following Dr. Thornberg’s presentation, Sam Liccardo, the Mayor of San Jose provided greater detail on the economic landscape of San Jose from a local perspective.
A Regional Intelligence Report was released in conjunction with the Summit. Key local findings in the report include:
- The South Bay economy has continued to gain ground, albeit at a slowing rate. Nonfarm employers expanded payrolls by 1.6% between February 2016 and February 2017.
- Technology (+4.8% YTY) and Information (+3.0% YTY) sectors together accounted for 44.4% of net job gains between February 2016 and February 2017.
- Based on U.S. Bureau of Labor Statistics estimates, net migration to the South Bay dipped into negative territory in the second quarter of 2016, marking the first time this has occurred in years.
- Commercial real estate turned in another strong performance in the South Bay in 2016. Total values for planned nonresidential projects amounted to $4.37 billion, marking the most investment the area has seen in the last 21 years, and a 23.7% gain over 2015.
- Overall, office properties continue to be in high demand in the San Francisco Bay Area at large. From the fourth quarter of 2015 to the fourth quarter of 2016, the cost of rent increased 8.1% in Oakland, and 4.0% in San Francisco.
For more information, download the full Regional Intelligence Report or Dr. Thornberg’s presentation.
EVENT PHOTOSClick to enlarge
Recent NewsBridge Bank Extends $19MM Loan Facility to Riaz CapitalBridge Bank and Tree Line Capital Partners Provide Senior Debt Financing to Support the Recapitalization of Goettl Air Conditioning by Baum Capital PartnersBridge Bank Welcomes Eric Sockol as Senior Vice President, Business Development OfficerBridge Bank Provides Senior Debt Financing to Support the Leveraged Buyout of Trade Supplies, LLC by Sole Source CapitalBridge Bank Welcomes Bob Curley as Chief Credit Officer
Recent InsightsDon't Get Hooked: How to Spot a Phishing EmailThe Biggest Trends in Hotel Franchising - 2017 EditionThe Key to Wire Fraud Prevention: Out-of-Band AuthenticationMobile Banking Helps Businesses On The GoConsider the Business Benefits of Payroll Cards — and Keep Employees Happy
"Faith is taking the first step even when you don't see the whole staircase." ~Martin Luther King Jr. #MLK NOTICE:… twitter.com/i/web/status/1… - 3 daysOur Life Sciences Group will be in San Francisco, during the JP Morgan Healthcare Conference #JPM19, the epicenter… twitter.com/i/web/status/1… - 2 weeks 3 days ago#HappyNewYear! We wish you peace, joy, and prosperity in 2019. NOTICE: All Bridge Bank offices will be closed on J… twitter.com/i/web/status/1… - 3 weeks 2 days agoFrom all of us here at Bridge Bank, we wish you a #MerryChristmas! NOTICE: All Bridge Bank offices will close at 3… twitter.com/i/web/status/1… - about 1 month agoWe would like to congratulate our client @Vapotherm on their recent IPO announcement. Vapotherm provides noninvasiv… twitter.com/i/web/status/1… - about 1 month 3 weeks agoWe give our thanks to you and your loved ones this #Thanksgiving holiday. NOTICE: All Bridge Bank offices will be… twitter.com/i/web/status/1… - about 2 months agoHonoring all who have served. We thank you. pic.twitter.com/aEmnInoP9HIn less than two weeks, we’ll be joining the more than 900 tech enthusiasts, entrepreneurs, premiere investors and… twitter.com/i/web/status/1… - about 3 months 2 weeks ago@HiddenGeniusPro we were very excited to be a part of this celebration. Thank you for the opportunity! twitter.com/HiddenGeniusPr… - about 3 months 2 weeks agoIt’s time for the puck drop! Wishing the @SanJoseSharks another terrific season in tonight’s home opener. Let’s go #Sharks!"Our business customers are looking to grow. And Western Alliance is right there with them with increased capital a… twitter.com/i/web/status/1… - about 3 months 2 weeks agoOur Capital Finance Group is excited to share that our client, Targeted Lease Capital, LLC., experts in equipment f… twitter.com/i/web/status/1… - about 3 months 3 weeks ago"The way we structure our credits is a point of pride in how we do business. It's part of why our customers see us… twitter.com/i/web/status/1… - about 3 months 3 weeks agoWe understand that no two businesses are exactly alike. That's why Western Alliance bankers tap a sophisticated sui… twitter.com/i/web/status/1… - about 4 months 2 days agoAll of us at Bridge Bank wish the @SanJoseSharks a great preseason game tonight against the Anaheim Ducks!Your friends at Bridge Bank wish everyone a safe and wonderful #LaborDay! REMINDER: In observance of the holiday,… twitter.com/i/web/status/1… - about 4 months 3 weeks agoOur #LifeSciences team is delighted to share its most recent transaction with @OmniGuide, a manufacturer of advance… twitter.com/i/web/status/1… - about 4 months 3 weeks agoBridge Bank is a proud sponsor of the @EastBayHaasAlum. Tonight they host their Annual Party welcoming new… twitter.com/i/web/status/1… - about 5 months ago"We know our clients and this market, and what's motivating this management team to innovate and persevere just add… twitter.com/i/web/status/1… - about 5 months 7 days agoWe are proud to support @Rhythmix1 as a sponsor of their Pour Your heART Out Benefit for the Arts Celebration takin… twitter.com/i/web/status/1… - about 5 months 2 weeks agoMarkets look to remaining monthly data amidst trade disputes. westernalliancebancorporation.com/bridge-bank-ho… - about 5 months 2 weeks agoWe are proud to sponsor the @LosAltosChamber 29th Annual Golf Tournament today. We hope all of the golfers particip… twitter.com/i/web/status/1… - about 5 months 2 weeks agoLifting up our communities is important to the people of Western Alliance. We live this value in many ways, startin… twitter.com/i/web/status/1… - about 5 months 3 weeks agoStarting from scratch in 2006, @RevolutionFoods has grown to now serve two million healthy meals per week in 1,000+… twitter.com/i/web/status/1… - about 5 months 3 weeks ago"Revolution Foods is a perfect example of a client that came to us early in the company's life cycle, and we have c… twitter.com/i/web/status/1… - about 5 months 4 weeks agoTomorrow night, Dale Marie Golden of @bridgebank will be speaking at the Oakland Empowerment Scholarship & Mentorin… twitter.com/i/web/status/1… - about 6 months 4 days agoOur #LifeSciences group recently helped @RareCyte, a #biotechnology company working to advance the boundaries of bi… twitter.com/i/web/status/1… - about 6 months 5 days agoBridge Bank is a division of Western Alliance Bank. Western Alliance was named #2 on the Forbes 2018 Best Banks in… twitter.com/i/web/status/1… - about 6 months 6 days agoBridge Bank is excited to be sponsoring the return of #PACTcapcon on Sept 26! twitter.com/PhilaPACT/stat… - about 6 months 7 days agoOur #LifeSciences Group is pleased to announce their recently funded deal with @abscibio, a #biomanufacturing compa… twitter.com/i/web/status/1… - about 6 months 2 weeks agoHappy birthday, #America! Your friends at Bridge Bank wish everyone a safe and joyous celebration! REMINDER: In o… twitter.com/i/web/status/1… - about 6 months 3 weeks agoOur #LifeSciences Group is pleased to announce their latest deal with @ardelyx, a #biotechnology company committed… twitter.com/i/web/status/1… - about 6 months 3 weeks ago#Dollar rallies to 11 month highs on rising interest rates and #EconomicGrowth westernalliancebancorporation.com/bridge-bank-ho… - about 7 months 2 days agoOur #LifeSciences Group is excited to announce their most recent transaction with @ARTASHair, offering the first an… twitter.com/i/web/status/1… - about 7 months 3 days agoDid you know? Bernard J. Cigrand is considered to be the “Father of Flag Day.” In 1885, he organized a group of sch… twitter.com/i/web/status/1… - about 7 months 1 week ago