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Greetings!
Unlike a March Madness bracket where surprise and randomness are fundamentally inevitable, the economy and its growth pattern are rooted in numbers and proven theories, fostering assumable results. For example, vacancy rates in the Valley have hovered in the mid to high teens for the past five years, after a surge in construction and supply in the early and mid-2000s. What we're seeing now, is demand slowly starting to rear its head and in turn, vacancy rates are starting to drop. For many companies, new construction and expansion projects have been put to the backburner and have been replaced with renovation and modernization projects to get them through this still somewhat feeble economy. In the commercial construction industry, it comes down to the basic law of supply and demand - as tenants and owners continue to fill spaces, vacancy rates will continue dropping and eventually new construction will be on the horizon once again! We're looking at two to three more years before this happens, but the upside to this slow recovery? As jobs increase and companies expand or relocate to the Valley, the economy will continue its healthy, sustainable growth rate and eventually dirt lots and vacant offices will see a return of people, bricks, and mortar.
Sincerely,
Matt Seals
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HYDRITE CHEMICAL UNDERGOES PLANT EXPANSION
Seals/Biehle is currently providing construction services to Hydrite Chemical Co., one of the nation's largest providers of chemicals and related services, for their plant expansion. The expansion includes a new food ingredients room, raising the roof to allow for 6,000 and 12,000 GAL stainless steel tanks that will make sodium citrate, new agitator, pumps for the mix and blend tanks, relocation of the motor control center gear, and new lighting installation throughout the plant. This expansion comes on the heels of Hydrite Chemical's recent purchase of Choice Chemical Inc. in Visalia, which solidifies their position as a forerunner in creative chemistry solutions, greatly augmenting the company's growth and performance.
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BOOK REVIEW: GREAT BY CHOICE
Great by Choice, penned by Jim Collins, author of best-selling books Good to Great and Built to Last, and Morten T. Hansen, offers insight, once again into the business practices and attitude in uncertain environments that make businesses successful. They identify companies based on their performance in "unstable environments" that are performing at least 10 times better than the industry average in the stock market. Collins and Hansen attribute the success of these companies, as well as those who follow their practices, to fanatic discipline, empirical creativity and productive paranoia. "In sum, while the parameters of the turbulent environment might have led to a new set of companies, the prescriptions in Great by Choice essentially apply at all times to all companies, including the companies featured in Good to Greatand Built to Last. "
A Review of Great By Choice
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"The harder you work, the luckier you'll be."
-- Gary Player, professional golfer
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