Roundup of Business News, big and small
With the Bay Area economy growing exponentially, it can be challenging to keep up with all the news. As San Mateo County plays an increasingly larger role in regional business, the following milestones caught our eye over the past week.
1. San Mateo County has the lowest unemployment rate in the Bay Area at 3.3 percent:
All of the Bay Area’s nine counties had unemployment rates last month below the state average, according to the California Employment Development Department.
California’s unemployment rate last month, unadjusted for seasonal effects, was 6.2 percent. The seasonally adjusted rate in California in June was 6.3 percent, according to employment officials. Continue reading this Bay City News story here.
2. GoPro Beats Street 2Q Forecasts:
GoPro, Inc. (NASDAQ: GPRO), maker of the world’s most versatile camera and enabler of some of today’s most immersive and engaging content, today announced financial results for its second quarter ended June 30, 2015.
“I couldn’t be more proud of our aggressive pace of innovation. With the introduction of HERO4 Session and HERO+ LCD, we’ve launched five new cameras in the past 10 months, exciting both new and existing customers and contributing to strong second quarter results,” said GoPro Founder and CEO, Nicholas Woodman. “Our core business is enjoying terrific momentum as we charge forward into attractive adjacent markets.”
3. Kitchentown Receives Visit from Congresswoman Jackie Speier
San Mateo’s own food production incubator and co-working space, hosted Congresswoman Jackie Speier for a lunch and tour of their facility:
Congresswoman Speier spent a Saturday afternoon here at KitchenTown lunching with her inner circle, touring the kitchen, and meeting our makers. Chef Alberto prepared summer gazpacho and the fresh garden salad, Cocina Milongaoffered an array of empanadas and their amazing chimichuri sauce, everyone enjoyed Anna’s Danish Cookies for dessert and sampled Green Girl Ice Cream Sandwhiches – a huge hit! Here’s a pic of The Congresswoman with LoCal Foodz.She left with a weeks worth of their fitness inspired prepared meals.
The vibrant Bay Meadows Town Square will be the ideal gathering place with ground floor retail, outdoor dining, pop-ups and more. Modeled after European plazas, it will include a large central fountain as the focal point and will serve as an energetic and dynamic urban core with plenty to keep you occupied. Once Caltrain is electrified, the platform will be elevated and grade separations will be installed on 31st and 28th Avenues, which means the Town Square will be the perfect place to relax outside for a glass of wine or an ice cream after a day of shopping at Hillsdale Mall.