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SelectUSA 2013 Summit underway in Washington DC

SelectUSA 2013 Summit underway in Washington DC

San Joaquin Partnership President & CEO Mike Ammann is attending the summit hosted by the U.S. Department of Commerce. He is participating as part of the California exhibit shown above. 

More than 1,000  participants from around the world have registered for SelectUSA, the first-ever U.S. government-wide initiative to promote and facilitate investment in the United States.

It's mission is to promote more Foreign Direct Investment using the full power and resources of the Federal government.

Stockton company gets $2.54 million contract for Tracy Defense Depot work

Patriot Construction Inc. of Stockton has been awarded a $2.54 million contract for renovations to a facility at the Defense Distribution Depot San Joaquin in Tracy, the U.S. Army Corps of Engineers Sacramento District says Wednesday.

Work includes the modernization of a warehouse for Defense Logistics Agency disposition services. The agency is the Department of Defense's largest logistics combat support agency, providing worldwide logistics support in both peacetime and wartime to the military services as well as several civilian agencies and foreign countries.

"This contract will help keep the Tracy defense depot on track with their general maintenance and upkeep goals, as well as satisfy operational needs impacted by the relocation of disposition services from the Sharpe depot to the Tracy depot," says Duane Balch, a project manager for the Sacramento District.

Partnership seeking investment in San Joaquin USA at SelectUSA Summit

Partnership seeking investment in San Joaquin USA at SelectUSA Summit

With just two days to go, U.S. Commerce Secretary Penny Pritzker has announced that more than 1,000 participants from around the world have registered to attend the SelectUSA 2013 Investment Summit, October 31-November 1, in Washington, D.C. The event will be at capacity attendance.

   The first-ever Investment Summit will connect both domestic and foreign companies and investors with local, state, and regional economic development organizations (EDOs) in an effort to promote investment and support jobs in the United States. To date, EDOs from 47 states plus the District of Columbia and three U.S. territories will be participating at the event, and companies representing nearly 60 markets will also be attending.

    Yesterday, California Deputy Director for international Affairs Brian Peck announced that GO-Biz is leading a statewide coalition of business groups.

San Joaquin USA Entrepreneurial Challenge offering "early start" for applicants

San Joaquin USA Entrepreneurial Challenge offering "early start" for applicants

2014 applicants encouraged to attend December workshops

Aspiring entrepreneurs from San Joaquin, Stanislaus, Merced, Alpine, Calaveras, Amador, Mariposa and Tuolumne counties can compete for cash and services worth over $24,000 in the fifth annual San Joaquin Entrepreneur Challenge (SJEC).  

Central Valley Community Bank Celebrates Stockton Branch Remodel

Central Valley Community Bank Celebrates Stockton Branch Remodel

Central Valley Community Bank celebrated the remodel of its north Stockton, CA branch with a ribbon cutting Wednesday morning. Bank officials said the 15-year old branch was due for a fresh new look that illustrates the bank's commitment to the community.

Customers stopping by this morning said the banks remodel was modern, refreshing and user friendly.

Central Valley Community Bank has been in business for more than 30 years with 21 branches from Sacramento to Visalia.

The Board of Directors of Central Valley Community Bancorp (Company) (NASDAQ: CVCY), the parent company of Central Valley Community Bank (Bank), reported October 16th unaudited consolidated net income of $6,039,000, and diluted earnings per common share of $0.57 for the nine months ended September 30, 2013, compared to $5,878,000 and $0.58 per diluted common share for the nine months ended September 30, 2012.

OAK VALLEY BANCORP REPORTS 3rd QUARTER RESULTS

OAK VALLEY BANCORP REPORTS 3rd QUARTER RESULTS

Oak Valley Bancorp (NASDAQ: OVLY), the bank holding company for Oak Valley Community Bank and Eastern Sierra Community Bank, recently reported consolidated financial results. For the three months ended September 30, 2013, consolidated net income available to common shareholders was a record $1,505,000, or $0.19 per diluted common share. This compared to consolidated net income available to common shareholders of $1,395,000, or $0.18 per diluted common share for the same period a year ago. 

Year-to-date results for the nine months ended September 30, 2013, include consolidated net income available to common shareholders of $4,111,000, representing a 4.7% increase over the $3,925,000 recorded during the same period last year.  

Winery spending $300 million on expansion in Lodi

There's more than the usual fall-harvest buzz at Trinchero Family Estate's Westside winery.

Besides the flow of trucks delivering gondolas full of grapes to be crushed and fermented into wine, there are hundreds of construction workers on site raising a massive new bottling plant and distribution center.

Visible to thousands of motorists passing daily on Interstate 5, just north of Turner Road, the building towers over the surrounding farmland, its floor-to-ceiling interior height of 85 feet able to accommodate pallet racks eight layers high.

The $180 million building project - along with an ongoing $120 million expansion of the facility's winemaking capacity - is a major commitment for Trinchero, but it makes sense, given that most of its wine comes from grapes grown in Lodi and the surrounding region, said Robert Torres, Trinchero's senior vice president of operations.