I talk to a lot of business owners (obviously) and most have concerns over the economy and where we’re headed. Some have stopped reading and watching the news because of the anxiety they derive from it. Instead choosing to gauge their own economic performance on a day-by-day basis based on the sales they see and their ability to attract and retain talent.
It’s easy to grow concerned over the predictions out there and the performance of the stock market. But business owners should try to consider an investor’s mentality as much as possible. As CalSTRS Chief Investment Officer Christopher Ailman says, “As long-term investors, we think in terms of decades. One-year returns are akin to the pace of running a mile during a marathon.” Still, that’s hard to think about when you’re not sure if you will be here in the long run.
If you’re not an economist, you may be wondering how the national economy effects what’s going on in Alameda. How do we match up to other areas in the state? What should we be concerned with?
Often, that type of information is difficult to come by when watching the news. If you do find local information, it’s often about San Francisco.
That’s why each year the Alameda Chamber & Economic Alliance brings you the Alameda Economic Forecast event. This year, more than ever, you need this tailored information to understand what the economic trends are, where growth is possible, and what we can expect in our economic future.
There’s no crystal ball when it comes to the economy, but our subject matter experts can help bring it all together for you and map out some projections to help you plan for 2023.
We hope you’ll join us on October 6th for this important event. You won’t find this type of Alameda-centric information anywhere else.