Marin business forecasters see slow, steady expansion in 2015
By Janis Mara
After years of struggle followed by recovery, nearly every industry in Marin is growing and on course to continue slow, steady expansion for years to come, experts say.
“Marin County was recovering in 2011 and 2012, but it was really in 2013 and this year when you saw the fruits of recovery blossom throughout Marin’s various industries,” said Robert Eyler, head of the Marin Economic Forum.
“In the first few years of recovery, we saw industries connected to tech and biotech doing well, while others languished,” said Eyler, a Sonoma State University professor. In the last two years, housing, retail, manufacturing, personal services and construction have shown growth, he said.
Personal income is projected to grow at an average rate of 2.2 percent between 2014 and 2016; payroll employment shows continued growth; Marin’s taxable sales per capita are the third-highest in the state; and the median home price has hovered around $1 million all year.
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