Posts Tagged ‘Robert Eyler’
Marin Independent Journal
By Adrian Rodriguez
Financial advisers in Marin say it’s a good time to review investments, as Donald Trump’s victory in the U.S. presidential election appears to be signaling a strong stock market.
“If you’re not investing, you should be putting your toe in,” said Neil Hennessy, CIO of Hennessy Funds in Novato.
Since Nov. 8, the stock market has seen some ups and downs, rising to record numbers last week. Investors nationwide have been betting that with Trump in office, and with a Republican-led Congress, there will be a push to deregulate energy and banking, cut taxes and increase government spending on infrastructure, making it the opportune time to invest and buy stock in the financial and commodities sectors.
However, Hennessy said investors should pay less attention to what might happen in a Trump administration and focus on the fact that “business is very resilient,” and that “everything points to a higher market” because of that.
The 13th Annual Forecasting the Future Marin Economic Conference, co-hosted by the San Rafael Chamber of Commerce and the Marin Economic Forum will be held at the Embassy Suites in San Rafael. Marin Economic Forum’s Dr. Robert Eyler will first present the “National and Marin Economic Forecast”. He will then moderate our esteemed panel.
The recent passage of Brexit by voters in the United Kingdom raised many questions and had far-reaching consequences. And despite our small footprint, Marin County potentially will feel the repercussions.
Some good; some not so good.
Nonetheless, whatever the local outcomes, they should make us realize that this is an interdependent financial world that we live in.
And all the more reason that such organizations as the Marin Economic Forum continue to be an important informational, networking and idea exchange.
Because we (and the North Bay region) have several companies that compete on a global basis, there are three immediate issues to contemplate: housing and financial market performance, shifts in tourism flows, and trade links to the UK as either a marketplace or a gateway to mainland Europe.
The Brexit decision assures that we are likely to remember 2016 as one of the most politically intense years of the century.
While our presidential election is slowly building to a crescendo in November, the UK vote to leave the European Union has already changed the scenario that whomever we elect will have to face.
Because the UK’s currency is the pound sterling and not the Euro used in EU countries, the unwind will be more about how currencies are trading for each other and less about compliance.
But the disconnect from trade and financial infrastructure based on EU membership will be a large enough headache.
Marin County, housing may be positively affected for two reasons.
First, the outflow of capital toward the United States from the UK will further reduce pressure on interest rates; the Federal Reserve knows this and may now further delay interest rate increases to prevent the U.S. from becoming a magnet for UK wealth seeking the slightest of interest rate gains.
Mortgage rates should remain stable and low, and housing demand will remain supported.
Those residents with global investments may find losses from emerging markets that have ties to the UK (e.g., Indonesia and Malaysia); countries like Japan may be financial beneficiaries although auto sales to the UK (and wine sales there for the North Bay region) may suffer.
For Marin County businesses, trade and labor connections to the UK may be delayed or hampered.
U.S. trade relations otherwise should be little affected.
Businesses such as Autodesk and BioMarin may need to consider the size and scope of offices and business branches in the UK if they are utilized to service Europe more completely.
This may slow progress in life sciences generally, especially if global uncertainty is exacerbated by this situation.
For tourism, we may see a flip of British tourism for Americans.
Marin County residents may now plan trips to London that they have delayed if the pound’s value falls significantly. For UK travelers, the opposite might be the case, reducing their visits to Marin County, wine country and the greater Bay Area.
Businesses in Marin County, such as hotels and B&Bs and restaurants, may hear fewer UK accents.
Under the assumption that global uncertainty ebbs a bit after the tidal wave of opinions and concerns is done crashing over news channels, Marin County should be economically good after this is all said and done.
The UK has multiple reasons to sort the aftermath out quickly, and allow us to prepare for November and more political zaniness.
Robert Eyler is dean of the School of Extended and International Education at Sonoma State University as well as the chief economist for the Marin Economic Forum.
A life sciences and biotech industry veteran has been tapped to lead the effort to attract and grow new business in Marin.
Jim Cordeiro, a co-founder of the now-defunct Oceana Technologies, a San Francisco-based firm, has been named CEO of the Marin Economic Forum, the San Rafael-based nonprofit.
“Jim is a great hire for this job,” said Robert Eyler, the forum’s chief economist and founding CEO. “He had a life sciences-based company and he was CEO of that company — he knows the industry very well. Jim also comes with some nonprofit board experience, where there was a political advocacy piece of it.”
Cordeiro, a 42-year-old Novato resident, succeeds Steve Lockett, who relocated to North Carolina after a half-year stint in the post, the forum announced last month.
Cordeiro has 18 years of industry experience working as a leading scientist at Nodality, Affymetrix and other biotechnology and academic organizations.
“One of the things the Marin Economic Forum is likely to do is get a little more involved in higher-level socioeconomic and sociopolitical issues in Marin County that affect Marin County business, and Jim has some experience in that, too,” Eyler said.
Cordeiro has served as an adviser and on the board of directors for the Pacifica Education Foundation, which has a focus on 21st-century learning and technology.
Marin Economic Forum’s $400,000-a-year budget is funded by the county of Marin, contributions from businesses and individuals, and revenue generated from economic reports prepared by the forum. The county provides matching funds up to $150,000 per year. Founding sponsors, who contribute a minimum of $10,000 a year, include Autodesk, Bank of America, Kaiser Permanente, Marin General Hospital, Whole Foods Markets, the city of Novato and the county of Marin.
The Marin Economic Forum has teamed with the city of Novato, the Buck Institute and other regional organizations to form the North Bay Life Sciences Alliance to promote further biotech development in the North Bay.
“The focus of the economic forum is how we can build a sustainable pipeline in the innovation space and life sciences,” Cordeiro said. “Through partnerships and collaborative efforts we are working on with them to commercialize the intellectual property that is generated through them.”
Marin Supervisor Judy Arnold, vice president of the forum’s executive board, said Cordeiro’s resume is impressive and he will serve the nonprofit well.
“He comes from a focus in life sciences, and the Marin Economic Forum is focusing on bringing more of that to Marin,” she said. “We are very excited about the possibilities to grow and for Marin County to become more of a go-to place for businesses and work.”
Cordeiro said there is room to grow in the existing industry, pointing out Marin’s biotech and life sciences leaders, including BioMarin Pharmaceutical Inc., Ultragenyx Pharmaceutical, Raptor Pharmaceutical Corp. and Cytograft Tissue Engineering,
“Life sciences is my background — it’s a passion of mine,” Cordeiro said. “These are the kind of jobs we want to make available, so people can afford to live and work here.”
Cordeiro holds a bachelor’s degree in marine biology from the University of California at Santa Cruz as well as several patents.
“The Buck Institute is absolutely an asset to the growth of life science commerce in Marin,” says Robert Eyler, Sonoma State University professor of economics and chief economist for the Marin Economic Forum. “Short of a leading research university, there’s nothing like it between the Golden Gate Bridge and the University of Oregon in Eugene.””
Read more at Marin Magazine
“Robert Eyler, chief economist of the Marin Economic Forum, said Marin cities could use the Netflix filming as an opportunity to attract other film shoots.”