economic

Unemployment Claims Rise Anew In Newest Sign Of Economic Distress

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Pismo local businesses seeing economic growth with surfing competition in town

The 2021 Para-surfing Championship brought hundreds of people including staff, volunteers, competitors, and spectators for the first time in Pismo Beach. Local businesses benefited from the week-long event.

The host this year is Amp Surf and the founder, Dana Cummings, said it has created opportunities for businesses every day.

“A lot of people coming into town, coming to support local businesses. so every day when this event is done all these athletes, coaches, trainers, family members they’re going out to town and they’re getting their dinners at Cool Cats, Splash Café,” said Cummings.

With COVID-19 still looming around, the 2021 Para-surfing Championship brought in more tourism and foot traffic to local businesses.

“I think it’s been a good impact. With COVID still around helps keep business afloat and helps keep people buying stuff and helps keep them interested in the businesses down here,” said Jacob San Diego, a retail associate.

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Umpqua Bank 2022 Economic Outlook for Businesses Shows Growth Opportunities Ahead, but Adaptability Remains Critical for Success

Report taps economists and bank leaders for insights to help small and middle market companies navigate disruptions, be ready for opportunities

Published: Dec. 9, 2021 at 9:00 AM EST|Updated: 20 hours ago

PORTLAND, Ore., Dec. 9, 2021 /PRNewswire/ — Umpqua Bank today released its 2022 economic outlook report for small and middle market companies, “Headwinds & Opportunities: Economic Trends & Predictions for Businesses in 2022.” The bank tapped prominent West Coast economists and Umpqua Bank thought leaders to examine key issues that will shape the 2022 economic landscape, their impact on decision-making, and what businesses can do to meet both challenges and opportunities with confidence.

Tory Nixon, Umpqua Bank President
Tory Nixon, Umpqua Bank President

There’s tremendous growth opportunity for those businesses that remain nimble and prioritize adaptability.

Issues explored in-depth in the report include the COVID pandemic, inflation, supply chain and labor challenges, as well as opportunities in automation,

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Unemployment Claims Rise Anew In Latest Signal Of Economic Distress

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