There has been a housing boom, but it is not a bubble. It is more like a soufflé with the air slowly leaking out.

Silicon Valley has become a clearinghouse, an intermediate station on the way to producing products, ideas and companies.

UC Merced will continue to be the economic engine for Merced County and surrounding areas and the Central Valley of California. It will diversify the economy and strengthen the economy and connect the region to the rest of the world.