2018-2019 Economic Report Released

Now Available! Mendocino County’s Economic Status Report and Free Online Presentation, Wednesday, August 21^st, 1-2:30 pm

Ukiah, CA – The 2018-2019 Mendocino County Economic Assessment is now available from Economic Development and Financing Corporation (EDFC), a non-profit organization based in Ukiah, CA. The comprehensive 28-page report looks at the current economic conditions in Mendocino County. 

According to the report, “Mendocino County’s economy has been on an upward trend but local growth has been slower and less extensive than comparable metrics at the state and national levels. It is possible to conclude that the local economy is stable, but also vulnerable to economic downturns and especially to natural disasters such as fires and earthquakes. There is a pressing need to engage in activities that build economic resiliency.”

EDFC will be offering an online presentation of the Economic Status Report on Wednesday, August 21^st, from 1:00-2:30 pm. EDFC’s Executive Director, Heather Gurewitz, will cover the main highlights of the report including real estate, income levels, business demographics, and industry specific trends.

“The purpose of this report is to provide critical information that business owners, local governments, and community members can use to make informed decisions,” says Gurewitz. “Researching and writing this report has been extremely informative. I learned a lot from the process and I hope that others will be able to utilize the information available to take positive actions.”

Funded in part through a grant from the Economic Development Administration (EDA), the Cities of Fort Bragg, Point Arena, Ukiah, and Willits, and the County of Mendocino, the report delves into current events, statistics, and on-the-ground experience to create a detailed picture of our local economy. This report is part of an Economic Recovery and Resiliency planning process that began with the Mendocino County Economic Summit on January 31, 2019 and will continue through the fall and early winter with a draft plan available in late May of next year.

EDFC is a Mendocino County based 501c3 non-profit organization. In addition to coordinating economic development, EDFC also offers business loans from under $5,000 up to $250,000 to start-up and existing businesses in Mendocino and Lake Counties.

Read the report here!