State budget, challenges the focus of San Joaquin Partnership, Business Council annual meeting | Central Valley Business Journal

State budget, challenges the focus of San Joaquin Partnership, Business Council annual meeting | Central Valley Business Journal

Tuesday, 27 March 2012 11:06

State budget, challenges the focus of San Joaquin Partnership, Business Council annual meeting

Written by  The Business Journal

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STOCKTON – The state budget and the challenges it poses to business, economic development, and the economy will be the focus Wednesday when the San Joaquin Partnership and Business Council Inc. hold their joint meeting.

Guest speakers Sunne McPeak, the California Emerging Technology Fund executive director, and Pete Weber, Friends of the San Joaquin Valley co-chairman, will focus on “California Forward and the Delta.”

The San Joaquin Partnership also will highlight its “2011 wins list” of businesses it helped draw or keep in San Joaquin County.

“We are extremely proud and excited with the quantity and quality of the projects in 2011,” said Mike Ammann, San Joaquin Partnership president and chief executive officer. “During a challenged economy, this number of projects is an outstanding accomplishment not only for the Partnership, but for our many partners throughout the County.”

The San Joaquin Partnership, a nonprofit economic development corporation, is the lead organization for recruiting new business and industry to San Joaquin County. Over the past 19 years its cumulative impacts include more than 55,900 jobs and more than $10 billion in annual labor income.

The cumulative 2011 totals are 2,229,054 total square feet. The new job count is 1485 to 1565 with 640 jobs retained.

Ammann said two particular projects to note are the Community Fuels expansion of biodiesel production at the Port of Stockton from 13 million to 73 million gallons annually and the joint venture of an existing Stockton firm, Feralloy Corp. with Pyramid Mouldings to create a new venture – Feralloy Pyramid Structural Solutions – which will product custom metal frames for solar panels.

“It’s great to bring new business to San Joaquin County,” said Ammann, “however, existing businesses are the backbone of our economy and their growth and prosperity says something positive to the rest of the world about opportunities here.”

The annual joint meeting will begin at 7:30 a.m. Wednesday at the Stockton Golf and Country Club, with the meeting beginning at 8 a.m. The annual report will be distributed at the meeting and is expected to conclude at 10 a.m.