Sheraton Hotel Redding At Sundial Bridge - Redding Record ...

Major Business and
Industry
Woods & Poole Economics, Inc. reports that during the period from 1990 to 2000,
total employment in the county grew at an average annual rate of 1.7%. This trend
was on par with the growth rate recorded by the MSA, and outpaced the national
average, reflecting the expanding nature of the local economy during that decade.
Most recently, the pace of total employment growth in the county slowed to 1.0%
on an annual average from 2000 to 2010.
Of the primary employment sectors, Total Services recorded the highest increase
in number of employees during the period from 2000 to 2010, increasing by 6,602
people, or 19.4%, and rising from 39.9% to 43.1% of total employment. Of the
various service sub-sectors, Health Care And Social Assistance and
Accommodation And Food Services were the largest employers. Strong growth
was also recorded in the Transportation And Warehousing sector, as well as the
Total Trade sector, which expanded by 41.5% and 8.0%, respectively, in the period
from 2000 to 2010. Forecasts developed by Woods & Poole Economics, Inc.
anticipate that total employment in the county will change by 1.2% on average
annually through 2015. The trend is above the forecast rate of change for the U.S.
as a whole during the same period.
Providing additional context for understanding the nature of the regional
economy, the following table presents a list of the major employers in the subject
property’s market.
FIGURE 5-3 MAJOR EMPLOYERS
Rank Firm Industry
1 Mercy Medi cal Ctr Reddi ng Hospitals
2 Lassen Canyon Nursery Inc. Nurseries-Plants Trees & Etc.-Wholesale
3 Oakdale Heights Mgmt Corp Business Management Consultants
4 Shasta College Schools-Universities & Colleges Academic
5 Shasta Regional Medical Ctr Hospitals
6 Walmart Department Stores
7 Shascade Community Svc. Social Service & Welfare Organizations
8 Transportation Department State Government-Transportation Programs
9 Win-River Casino Casi nos
10 J F Shea Co. Asphalt & Asphalt Products
Source: California Employment Development Department
Consistent with other parts of the state and nation, the area was negatively
impacted by the recent economic downturn. Redding has been challenged by
February-2011 Market Area Analysis
Sheraton Hotel Redding At Sundial Bridge – Redding, California 38