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May 2014

www.cvbizjournal.com

MAY

2014 VOL 9 • NUMBER 9

Business Journal Central Valley

1

www.cvbizjournal.com

StOCKtOn • traCy • lODI • ManteCa • latHrOP • lInDen • rIPOn

MODeStO • CereS • tUrlOCK • OaKDale • rIVerBanK

Boyd makes global expansion Uber Ride Transportation alternative arrives in Valley.

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Central Valley manufacturer supports Silicon Valley tech firms By ELIZABETH STEVENS Business Journal editor

Superintendent Race For the first time in decades, voters get a choice.

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The Right Blend Lodi tries to balance needs of wine industry and neighbors.

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WHAT’S INSIDE Publisher’s Notes............Page 2 Insight and Analysis......Page 36 Briefs.....................Pages 47, 48 Legals....................Pages 49, 50

MODESTO -- There’s been a huge effort in the Central Valley aimed at luring tech companies from Silicon Valley. However, one player in tech manufacturing has been headquartered in Modesto’s Beard Industrial Park since 1998. Boyd Corporation makes and provides engineered components that help manage heat and moisture for a variety of products, ranging from airplanes and RVs to smartphones and tablets. It just acquired factories in Asia and Europe to help make those components for some of the biggest names in tech. “Mobile computing is a big space. So, everybody you can think of in mobile computing,” said President and CEO Mitch Aiello. “For sure, Apple is part of the customer set here with the new acquisition, but Samsung, LG, Amazon, what was Motorola mobility, now it’s part of Google, and they’ve actually

$350k $325k $300k $275k $250k $225k $200k $175k $150k

Boyd Corporation’s President and CEO Mitch Aiello visits the floor of the Modesto facility.

able to handle while it continues to operate at a high temperature. Boyd works with design teams at companies to develop items needed and then manufactures them at plants around the globe. Its Central Valley location is a plus.

spun that again.” One component Boyd makes that people might be familiar with is something called a horizontal heat spreader, which helps spread heat from a supply source inside an iPhone, for example, so it is comfort-

March 2014

By KENT HOHLFELD Business Journal writer

Manteca

Lodi

Turlock Modesto Stockton SOURCE: Metrolist MLS

“We’re developing new products with the brand owners over there in Silicon Valley. They love it that we have prototype and sampling capability close to them,” AiPlease see BOYD Page 8

Building momentum

Price of Homes

Tracy

ELIZABETH STEVENS/CVBJ

STOCKTON -- Lower interest rates and receding competition from investors mean home buyers in the Central Valley are getting off the sidelines and finally returning to the market. “We were just ready,” said Carla Cruz as she looked at houses

in Stockton. “We were ready and if we wait longer we aren’t going to get what we want for the price we can manage.” That kind of talk is music to ears of area property owners who have been subjected to a seemingly unrelenting decline in their home values during the Please see RESIDENTIAL Page 11

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PRTSRT STD U.S. POSTAGE PAID STOCKTON CA PERMIT NO. 305


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