News for Economic

Tuesday, January 19, 2021
By Steven DeMatteo, Financial Advisor at UBS Wealth Management USA  2020 was a year like no other. $12.4 billion in gross regional product is expected to have been lost in San Diego in 2020 and $4.8 billion in wages lost in the first six months of the pandemic, according to SANDAG. Businesses had to pivot, with many going virtual as a result. More restaurants offered take-out; unfortunately, ...read more
Categories: Economic, Education, Community, Editorial, General News Article
Wednesday, September 16, 2020
At a time when California businesses are struggling to stay open Prop 15 imposes a $12.5 billion tax hike that will be the nail in the coffin for many of California businesses.  Struggling to keep their doors open, afford rent, pay employees, and more, businesses need more economic incentivization to create jobs for the unemployed, not more financial burdens. November 2020’s Proposition 15 will ...read more
Categories: Chamber, Editorial, Political, Economic, General News Article, Press Release
Thursday, March 19, 2020
It takes strong commerce to build vibrant communities and neighborhoods rely on local tax dollars for those vibrant communities. No one ever expected or prepared for an unprecedented crisis that is facing us and forcing businesses to close, employees to lose jobs and our worlds being turned upside down. COVID-19, is here and is having a major economic impact both globally and locally. While ...read more
Categories: Chamber, Editorial, Economic
Monday, November 13, 2017
By Debra Rosen Published by San Diego Union-Tribune, Full Commentary The House has released a sweeping national tax reform bill that affects mortgage interest payments. The proposed legislation places a lower cap on interest payments from a home loan of at least one million dollars to only $500,000. California homeowners, especially those in San Diego County with a mortgage debt of over ...read more
Categories: Chamber, Editorial, Economic