Chamber Analysis Shows Confidence In Local Economy

A local economic analysis released by the Redding Chamber of Commerce and Golden Valley Bank shows a healthy economy that’s growing beyond expectations. The latest quarter shows an 8.3% boost in sales tax revenue, a 22.3% jump in building and a 1.5 percent jump in employment. The survey started tracking the revenue from the hotel bed tax, or transient occupancy tax, in 2010. Since that year revenue has jumped more than 94%. The report shows evidence of a bright future as well, with business confidence survey showing 69% of business leaders expecting an increase in sales over the coming year. The full analysis can be seen at reddingchamber.com.

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