Some local optimism for economy
Despite the economic downturn, San Fernando Valley businesses are upbeat about their prospects, with more than half expecting sales growth in 2008, according to a survey set to be released this week. Gregory J. Wilcox in the Daily News.
The annual survey - conducted by the San Fernando Valley Economic Research Center at California State University, Northridge - revealed optimism among the owners of midsize businesses in key segments of the local economy.
"I was a little bit surprised by this, given all the (gloomy) news that's going on. These are key industries, and they are the industries that are generating jobs, so that's good news for the Valley," said Daniel Blake, CSUN economics professor and director of the research center.