March 2008 News

March 2008

Table of Contents

- Real Estate Roundup (February 2008)
- Solano County Index of Economic & Community Progress
- Did you know?

Real Estate Roundup
(February 2008)

CBRE (www.cbre.com)
- 400 Crocker Drive, Suite B, Vacaville – 111,250 sf lease by Total Warehousing Inc.
Colliers International (www.colliersparrish.com)
- 518 Stone Road, Benicia – 12,824 sf lease to Total Safety U.S.
- 3860 Industrial Way, Benicia – 4,619 sf lease to Integra Services Technologies
- 5482 Gateway Plaza Drive, Benicia – 3,959 sf lease to Whisper Communications
- 801 Chadbourne Road, Fairfield – 29,520 sf lease to Freight Transport Systems Inc.
- 370 Chadbourne Road, Fairfield – 4,404 sf lease to State of Calif, Dept of Transportation
Cushman & Wakefield (www.cushmanwakefield.com)
- 2260 Cordelia Road, Fairfield – 47,972 sf warehouse building sold to Blake Properties
- 497 Edison Court, Fairfield – 9,000 sf lease by Heliocol USA
- 149 Grobic Court, Fairfield – 4,400 sf lease by Kens Beverage
Premier Commercial (www.pcres.net)
- 1671 E Monte Vista Ave #105, Vacaville – 2,008 sf lease to Huntington Learning Center


Solano County Index of Economic & Community Progress

The County of Solano awarded a three-year contract to the Solano EDC to create and annually update the first Solano County Index of Economic and Community Progress as well as conduct the in-depth profiles of five Key Industry Clusters.

"This is a tremendous step forward in Solano County's collaborative effort to assist local communities and businesses in creating a baseline of data that will make future economic development decision making easier," said Scott Reynolds, Solano EDC chairman.

Solano EDC will contract with Doug Henton, president and co-founder of Collaborative Economics, the firm which originated the Index of Silicon Valley, to measure the economic strength and health of that community by providing an analytical foundation for decision making.

If you want to learn more about the Solano Index and Cluster Studies? Join us at the Fairfield Hilton Garden on Thursday, April 24 at 7:30 am to meet and listen to DOUG HENTON, President and Co-Founder of Collaborative Economics who will provide an overview and answer your questions. Call Pat at 864-1855 to make your reservation.

Solano EDC three-year contract includes the follow components:

· An annual Index which includes a unique set of economic, workforce, housing, education, transportation and related indicators that together tell the story of the County and its seven communities' growing role as a regional hub of innovation and opportunity.

· A Land Inventory and Absorption Study will identify all undeveloped parcels in the county that are zoned commercial and industrial. This study will identify the parcel readiness for development.

· Five key industry profiles will be created over the next three years. Each Cluster will provide a focus for meeting the twin challenges of economic growth and workforce investment. A target of opportunity, such as the biotechnology industry, can be export-oriented, population-driven, or represent an opportunity with career potential for local residents. This portfolio of clusters will enable the Solano EDC and local economic developers to more successfully target companies for expansion and growth.

Supervisor Michael Reagan, immediate past chair of the Solano County Board of Supervisors, said. "The commissioning of these reports demonstrates the County's commitment to attracting more quality jobs across the county. These tools will be a tremendous asset to the cities in their economic development efforts."

Last year Supervisor Reagan was the driving force behind the County hosting a series of three Economic Summits to create a collaborative Solano County economic development vision and a new role for the County in supporting existing countywide development efforts. Summit sponsors included the City and County Coordinating Council, Solano EDC, Solano Transportation Authority and the University of California, Davis.

"The collaborative leadership of the County cannot be stressed enough," said Michael Ammann, Solano EDC president.


Did you know?

Solano County was one of the original 18 counties created at statehood but its original name was not Solano County. Do you know its original name?

Benicia County was its original name in January 1850 but its name was changed three months later to Solano County in honor of Chief Solano who ruled over most of the indigenous tribes between the Sacramento River and Petaluma Creek.


The Solano Economic Development Corporation’s mission is to enhance the economic vitality
and quality of life in Solano County communities through the attraction,
growth and retention of business and industry.

Solano EDC Team
Mike Ammann, President (mike@solanoedc.org)
Sandy Person, Vice-President (sandy@solanoedc.org)
Pat Uhrich, Office Manager (pat@solanoedc.org)
Andy Turba, Special Projects (andy@solanoedc.org)

Solano Economic Development Corporation
360 Campus Lane, Suite 102, Fairfield, CA 94534
Phone: (707) 864-1855 Fax: (707) 864-6621
Website: www.solanoedc.org