Q&A with Ted Pe?a, Vice President/Branch Manager, Silvergate Bank, Carlsbad
Q: How would you describe the current economic climate in Carlsbad. What are some of the factors that are contributing to this status?
A: Carlsbad continues to reflect the trends we're seeing nationally as Bloomberg reports.
• Job growth has been above 200,000 for 11 months in a row, the longest stretch since 1994
• Auto Sales hit the strongest level since 2006 with solid growth to begin in 2015
• Consumer confidence remains high at its highest level since 2007
• Low oil prices are good news for consumers and many companies
It's easy to see that the Carlsbad economic climate is positive and vibrant. The opening of Sage Creek High School, the most advanced high school in the region, the addition of recreation parks and hotels in the Bressi Ranch area, and the development of new communities along the El Camino Real corridor are just a few of the "real" indicators that the economic climate is healthy and positioned for a bright future.
The success of the auto industry is certainly evident as Car Country Carlsbad is bustling with activity.
Legoland California Resort's recent expansion has only improved our tourism. Just take a bike ride or walk along Highway 101 and you can't help but think that Carlsbad is the best place to live in the country. We also have great neighbors in Encinitas, Vista and Oceanside where we feed off each other to bring together like minded people who enjoy a great place to work and live.
Q: How is Carlsbad's economy different from other areas?
A: Carlsbad's uniqueness can be traced to many things including the talent pool and commitment of our community leaders. Carlsbad has the highest percentage of college educated people compared to other cities in the region. If you dig a little deeper, you'll find the Carlsbad Educational Foundation and the Boys & Girls Clubs of Carlsbad creating leaders through outstanding youth programs to keep Carlsbad a resource of outstanding talent for years to come. The presence of lagoons, reserves and natural habitats sets us apart. The commitment of the Agua Hedionda Lagoon Foundation and Hubbs-SeaWorld Research Institute/Leon Raymond Hubbard Marine Fish Hatchery facility are just two of the organizations dedicated to preserving our natural beauty when it comes to coastal waters.
Carlsbad's uniqueness is truly distinct when you consider the approval and implementation of the Poseidon Water LLC Desalination Project. Water is a critical resource to the region for both businesses and residents. The Desalination plant certainly plays a part in our bright future for those of us that want to work and play in Carlsbad.
Q: What is your company's role when it comes to investing in the community?
A: We at Silvergate Bank desire to bring the personal touch to your banking relationship. We pride ourselves in bringing our business experience to support your business goals and objectives in addition to providing cost effective banking solutions.
We are well capitalized, locally owned, locally operated and committed to the small to medium business owners. With strong deposit growth we can invest in our community with commercial real estate lending, lines of credits, equipment financing and competitive rates on money market accounts that allow businesses to exceed their goals and objectives.
Silvergate Bank, Member FDIC is pleased to be a part of the Carlsbad community. For more information, contact Ted Pe?a at 760-931-1001 or [email protected].
Q: How would you describe the current economic climate in Carlsbad. What are some of the factors that are contributing to this status?
A: Carlsbad continues to reflect the trends we're seeing nationally as Bloomberg reports.
• Job growth has been above 200,000 for 11 months in a row, the longest stretch since 1994
• Auto Sales hit the strongest level since 2006 with solid growth to begin in 2015
• Consumer confidence remains high at its highest level since 2007
• Low oil prices are good news for consumers and many companies
It's easy to see that the Carlsbad economic climate is positive and vibrant. The opening of Sage Creek High School, the most advanced high school in the region, the addition of recreation parks and hotels in the Bressi Ranch area, and the development of new communities along the El Camino Real corridor are just a few of the "real" indicators that the economic climate is healthy and positioned for a bright future.
The success of the auto industry is certainly evident as Car Country Carlsbad is bustling with activity.
Legoland California Resort's recent expansion has only improved our tourism. Just take a bike ride or walk along Highway 101 and you can't help but think that Carlsbad is the best place to live in the country. We also have great neighbors in Encinitas, Vista and Oceanside where we feed off each other to bring together like minded people who enjoy a great place to work and live.
Q: How is Carlsbad's economy different from other areas?
A: Carlsbad's uniqueness can be traced to many things including the talent pool and commitment of our community leaders. Carlsbad has the highest percentage of college educated people compared to other cities in the region. If you dig a little deeper, you'll find the Carlsbad Educational Foundation and the Boys & Girls Clubs of Carlsbad creating leaders through outstanding youth programs to keep Carlsbad a resource of outstanding talent for years to come. The presence of lagoons, reserves and natural habitats sets us apart. The commitment of the Agua Hedionda Lagoon Foundation and Hubbs-SeaWorld Research Institute/Leon Raymond Hubbard Marine Fish Hatchery facility are just two of the organizations dedicated to preserving our natural beauty when it comes to coastal waters.
Carlsbad's uniqueness is truly distinct when you consider the approval and implementation of the Poseidon Water LLC Desalination Project. Water is a critical resource to the region for both businesses and residents. The Desalination plant certainly plays a part in our bright future for those of us that want to work and play in Carlsbad.
Q: What is your company's role when it comes to investing in the community?
A: We at Silvergate Bank desire to bring the personal touch to your banking relationship. We pride ourselves in bringing our business experience to support your business goals and objectives in addition to providing cost effective banking solutions.
We are well capitalized, locally owned, locally operated and committed to the small to medium business owners. With strong deposit growth we can invest in our community with commercial real estate lending, lines of credits, equipment financing and competitive rates on money market accounts that allow businesses to exceed their goals and objectives.
Silvergate Bank, Member FDIC is pleased to be a part of the Carlsbad community. For more information, contact Ted Pe?a at 760-931-1001 or [email protected].