Latest news with #Sacramento-based
Business Journals
22-05-2025
- Business
- Business Journals
5 things: The Grazing Goose opens in Rocklin Crossings
Welcome to Thursday, loyal readers. I'm looking forward to seeing you at our Inclusivity in Business Awards this afternoon. Here's what you need to know in the meantime. Want more local business headlines? Sign up for our morning and afternoon newsletters to get Sacramento business news delivered straight to your inbox. GET TO KNOW YOUR CITY Find Local Events Near You Connect with a community of local professionals. Explore All Events The Grazing Goose opens in Rocklin Last year, my colleague Jake Abbott told you that The Grazing Goose, a local catering and charcuterie board business, was joining the Rocklin Crossings retail center. Update:The business opened Wednesday at 5410 Crossings Drive, Suite 102, according to a social media announcement. The new location is called The Grazing Goose Bakery + Cafe. In addition to charcuterie boards, it offers items such as sandwiches, salads and coffee. Ava Kivley owns the business. In Rocklin, The Grazing Goose fills a spot previously occupied by Jon and Bon's Yogurt Shoppe. New plans for Sac Republic FC stadium released Sacramento Republic FC has filed new plans for a stadium in Sacramento's Railyards development, with some notable differences from previous iterations. The stadium would have a capacity of 12,000 with the ability to expand to up to 20,000 in a second phase, according to the application. The last stadium concept, intended for the soccer club's move to Major League Soccer, would've had a maximum capacity of 25,000, but never began construction after an investor pulled out of joining team ownership. Senior Reporter Ben van der Meer has details about new plans for a Sac Republic FC stadium in the Railyards. UPS to cut shifts, hundreds of jobs in West Sac United Parcel Service Inc. plans to end two of three shifts at its longtime warehouse in West Sacramento, with a permanent layoff of up to 355 employees, according to a filing with state employment officials. Atlanta-based UPS filed a Worker Adjustment and Retraining Notification of a pending permanent layoff at the UPS center at 1380 Shore St. in West Sacramento. Reporter Mark Anderson explains what you need to know about UPS' planned West Sacramento cuts. Major construction project at SMF nears halfway mark Sacramento International Airport's $390 million Terminal B parking garage is in the early vertical construction phase and remains on track for completion in fall 2026, according to airport officials. "We're in the early phases, probably the first 30% of construction,' said Sheri Thompson-Duarte, deputy director of airport operations for SMF, in an interview. 'But it's very visible now. We're going vertical, and passengers can see that work is clearly underway." Reporter Chris Campbell has the latest on the new Terminal B parking garage at SMF. Murphy Austin picks up practice group from Downey Brand Sacramento-based commercial law firm Murphy Austin Adams Schoenfeld LLP has added a new specialty to its offerings following the addition of a family law group previously with Downey Brand LLP. Murphy Austin, which was founded in 1999, specializes in practice areas focused around corporate, tax, and real estate transactions, construction, business and commercial litigation, labor and employment, health care, nonprofits and estate planning. Its new family law practice team, which joined the firm this week from Downey Brand's Sacramento office, consists of attorneys Mary J. Martinelli, Kelly L. Pope, Trina L. Spivack, Michelle R. Albright, Crystal R. Vizina, Vanessa Villarruel and Jensen Blaine, as well as paralegal Casie Campbell. Reporter Jake Abbott has details about Murphy Austin's new family law group. Have a great day, folks. Thanks for reading.
Business Journals
21-05-2025
- Business
- Business Journals
Former Downey Brand family law group joins Murphy Austin
Sacramento-based commercial law firm Murphy Austin Adams Schoenfeld LLP has added a new specialty to its offerings following the addition of a family law group previously with Downey Brand LLP.
Time of India
15-05-2025
- Business
- Time of India
How Donald Trump's 'America First' may have put brakes on the sector that was working to bring business back to the US
Even before the "America First" doctrine became a hallmark of the Trump administration's foreign policy, the U.S. semiconductor industry was actively working to bring manufacturing back home, fueled by government incentives and a strategic push to bolster domestic production. As reported by the Associated Press, the Greater Sacramento region stands as a prime example of this resurgence, where tech giants like Intel, AMD, Bosch, Samsung, and Micron are expanding operations, building upon Intel's decades-long presence. This growth is part of a nationwide trend, with billions of dollars invested in research, development, and manufacturing. However, President Donald Trump's recent trade policies, including proposed tariffs and investigations into chip imports, are casting a shadow of uncertainty over this burgeoning industry. What's hurting semiconductor companies in the US "You're starting to see some of it now. Samsung announced a delay in the fabs in Texas," Mario Morales, an analyst with the International Data Corp., told the AP. "That facility was supposed to come online in 2024 now it's being delayed to 2028. I think some of these companies are delaying it because they now know that they're not going to likely get funding, or because of the uncertainty around the acts that we're seeing around the new trade policy." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Her body cannot endure this level of pain; please help her. Donate For Health Learn More Undo Despite the U.S. being a major producer of certain semiconductor chips, its global market share, measured by volume, has dwindled from 37% in 1990 to just 10% in 2022, according to the Semiconductor Industry Association. This reliance on imports, particularly from Taiwan and South Korea, prompted the passage of the CHIPS and Science Act in 2022, aiming to revitalize domestic manufacturing and reduce supply chain vulnerabilities. Benefits of CHIPS Act undone The CHIPS Act, championed by the previous Biden administration, has spurred significant investment, with projections indicating the U.S. will more than triple its semiconductor manufacturing capacity, the highest growth rate globally, according to a May 2024 report by the Semiconductor Industry Association and Boston Consulting Group. Barry Broome, president of the Greater Sacramento Economic Council, told the AP that the pandemic underscored the risks of relying on offshore production. "It was 'abundantly clear that having these chip products offshore in Vietnam, Taiwan, China for cost savings had serious implications.'" The region's established tech infrastructure and skilled workforce have attracted major investments, such as Bosch's $1.9 billion project to produce electric vehicle chips, creating up to 1,700 jobs. Dinakar Munagala, cofounder of Sacramento-based AI startup Blaize, highlighted the increasing interest from defense and border security sectors in domestically produced chips. "We're built here," he said to the AP. Trump Tariffs cause confusion, earn experts The Trump administration views domestic chip production as a national security imperative, aiming to reduce dependence on foreign suppliers and mitigate risks associated with concentrated manufacturing. However, the fluidity of the administration's tariff policies is causing concern. Alvin Nguyen, senior analyst at Forrester, told the AP that "the fluidity of the state of administration's tariffs will cause confusion about the impact on the supply chain 'due to the complexity of tracking where materials and manufactured goods are produced and assembled.'" The uncertainty has already impacted industries, with video game companies like Nintendo adjusting prices in response to potential tariff increases. Broome expressed hope that the tariffs are a short-term measure to restructure global trade relationships, cautioning that prolonged uncertainty could stifle investment. "If the tariffs are used for leverage to get better agreements in the next two or three months, then we'll come back quickly, and will benefit from it," he told the AP. "If they're considered long-term policy, I think it'll really ice the capital markets from putting real money on the table." AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Miami Herald
14-05-2025
- Business
- Miami Herald
Another craft brewery chain shuts down all locations
Craft breweries have faced difficulties over the last two years generating profits and avoiding financial distress. A combination of increased labor and product costs driven by inflation, rising interest rates on debt, and consumers' changing attitudes on spending contributed to breweries' financial problems. Don't miss the move: Subscribe to TheStreet's free daily newsletter A long list of craft beer brands have closed taprooms, shut down breweries, gone out of business, and sometimes filed for bankruptcy. Related: Popular beer brand closes down and files Chapter 7 bankruptcy The overall number of operating craft breweries declined nationwide to 9,680 in 2024, down from 9,747 in 2023. It was also the fourth consecutive year that the number of new brewery openings declined, with 434 new breweries opening and 501 closing. Several craft breweries have filed either Chapter 7 or Chapter 11 bankruptcies in the first half of 2025. Award-winning craft brewery The Duck-Rabbit Craft Brewery filed for Chapter 7 bankruptcy protection on April 29 to liquidate its assets and shut down its business permanently. The brewery's owner Paul Philippon did not state a specific reason for closing down his business in a Facebook post where he thanked his customers. The Duck-Rabbit's Chapter 7 filing came shortly after Cary, N.C.-based craft brewery Brüeprint Brewing Company on April 9 filed for Chapter 7 protection. La Vista, Neb., beer brand Nebraska Brewing Company filed for Chapter 11 bankruptcy on April 28, 2025, to implement a strategic restructuring, facing uncertain times and economic and supply chain issues, according to a company Facebook post. And San Antonio craft brewery Alamo Beer Company LLC filed for Chapter 11 bankruptcy protection on Feb. 3, 2025, to restructure its debt obligations and continue as a going concern. Atlanta-area craft brewery Jekyll Brewing, which operated four locations in Georgia and one in Florida, shut down all of its locations at the close of business on May 11. The brewer's owner Michael Lundmark confirmed the closure of all Jekyll Brewing locations in a post on Atlanta Beer Society's members-only Facebook page, TheStreet's Daniel Kline reported. The brewery, however, did not indicate whether it was planning to file a bankruptcy petition. Finally, popular craft brewery taproom chain Device Brewing Company suddenly shut down all of its locations on April 27 after a landlord filed a lawsuit against the company over $23,000 in unpaid rent, reported. Related: Popular vodka and gin brand files for Chapter 11 bankruptcy The brewery, however, has not revealed a reason for shutting down its three brewery taproom locations. It also has not indicated whether it plans to file for bankruptcy protection. More bankruptcy: Iconic auto repair chain franchise files Chapter 11 bankruptcyPopular beer brand closes down and files Chapter 7 bankruptcyPopular vodka and gin brand files for Chapter 11 bankruptcy The Sacramento-based beer brand, which launched its business in April 2013, was not available for comment as the company did not answer its main phone number at last check, and its voicemail box was full of messages. Two other company phone numbers were not operational. The company did not reveal its closing on its website or any social media site. After opening its brewery and taproom in 2013, Device Brewing Company opened a second taproom in Sacramento in 2018, and launched a third taproom with a kitchen in the city in February 2020. The Covid-19 pandemic was just beginning around the time that the third taproom opened, which likely had a devastating effect on the new location's business, as well as the two other taprooms. Device Brewing produced a line of beers that included Pincushion Pilsner, Curious Haze IPA, Kid Casual Blonde Ale, Integral IPA, Made In Sac IPA, Hop Revolt IPA, Rice Crispy Boi Rice Lager, Brits In Moscow Imperial Stout, and Big Truck IPA. The brewery sold its cans of craft beers through major Northern California beer distributors, including Matagrano Inc., Eagle Distribution, Markstein Sales - Antioch, Donaghy Sales, and Blach Beverage. Related: Popular beer brand files Chapter 11 bankruptcy The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Newsweek
01-05-2025
- Business
- Newsweek
Trader Joe's 'Two Buck Chuck' Winemaker Announces More Mass Layoffs
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. A California winery has revealed plans to eliminate nearly 150 positions, citing shifting industry trends and ongoing economic challenges as the driving factors. The Bronco Wine Company, known for its Charles Shaw brand or "Two Buck Chuck," sold exclusively at Trader Joe's, said the move was necessary due to the "evolving dynamics of the wine industry and broader economic pressures." When contacted by Newsweek, the Bronco Wine Company said it had no comment on the layoffs beyond its initial statement. Why It Matters The U.S. wine industry is facing a number of headwinds at present, including a decline in consumption, particularly among younger drinkers. Adding to this is the potential impact of the administration's trade policies, and the prospect of rising operational costs from tariffs leading to even narrower margins for American producers. What To Know The Ceres, California-based company was founded in 1973, and has since grown into one of the country's largest wine producers, according to VinePair. Bronco Wine Co. employed around 750 people in Ceres at the start of the year, CBS reported. Earlier this month, the company submitted a Worker Adjustment and Retraining Notification (WARN) to the state of California, indicating plans to lay off 146 employees at its Bystrum Road facility in Ceres. Stock image: A case with logo for Charles Shaw wine is pictured, Lafayette, California, December 8, 2021. Stock image: A case with logo for Charles Shaw wine is pictured, Lafayette, California, December 8, 2021. Gado/Getty Images In a statement quoted by the Sacramento-based outlet KCRA 3, Bronco said that the decision was necessary "due to a significant downturn in business revenues, necessitating a major reorganization in operations and workforce." This follows Bronco's February announcement that it would be laying off 81 people at its Stanislaus County winery, bringing the total workforce reduction in 2025 to nearly 230. As quoted by CBS Sacramento at the time, the company attributed the layoffs to "challenging headwinds in the wine industry," including "shifting population demographics, consumer trends and industry headwinds, and over supply of wine grapes in the marketplace." In addition to these longer-term difficulties, the U.S. wine industry is currently grappling with the impacts of the President Donald Trump administration's trade policies, including the global, 10 percent tariff announced on April 2, as well as the higher rates on certain import partners. In March, Trump threatened to impose a 200 percent tariff on wine and champagne from the European Union, though this has not come into effect. Stock image: Rolling hills with grape vines are seen in a vineyard, Camino, California, September 14, 2024. Stock image: Rolling hills with grape vines are seen in a vineyard, Camino, California, September 14, 2024. Smith Collection/Gado/Getty Images U.S. winemakers, who spoke to NPR earlier in April, said that tariffs on imported items such as barrels, corks and bottles could raise their operational costs substantially, which they would be forced to pass on to customers. In addition, the ongoing "buy Canadian" boycott, adopted in response to Trump's tariffs and calls to turn Canada into a 51st state, has taken aim at American-made wines and resulted in further headwinds for domestic producers. According to the Wine Institute, a California-based advocacy organization, Canada had previously accounted for 35 percent of all U.S. wine exports before this protest. What People Are Saying Dom Engels, Bronco Wine Co. president and CEO, said: "This decision was not made lightly. We deeply appreciate the valuable contributions of every employee affected, and we are committed to providing support and resources to help ease the transition. While these changes are difficult, they are also necessary. We stand at a critical juncture—not just responding to current challenges, but making bold moves to build a resilient, more focused organization for the future." Bronco Wine Co., in a statement shared with Newsweek, said: "In recent months, Bronco Wine Co. has taken a series of intentional steps to redefine the company and strengthen its position in the U.S. wine industry. Today's announcement marks a pivotal moment for Bronco Wine Co., as it now directs its attention toward growth and long-term stability." The Wine Institute, in response to Trump's April 2 tariff announcements, said: "Today's announcement of new tariffs will only make it harder for American wineries to regain access to Canada, by far our most important export market. In early March, Canada cleared its shelves of all U.S. wine and continues to block its sale. As this dispute drags on, it is creating economic instability at a time when the industry is already under significant pressure." What Happens Next The layoffs are set to go into effect on June 16, KCRA reports.
