August 10, 2017
How Did the Cannery, One of the Sacramento Region’s Hottest Tech Innovation Hubs, Come to Be?
Mark Friedman This guest post was created by Kevin Goldthwaite Mark Friedman, President of Fulcrum has…
Read MoreThe Sacramento region is experiencing a profound shift in its competitive position, thanks in large part to an influx of entrepreneurs, businesses, creative professionals, and a highly-educated, STEM-driven talent base. In parallel, the profitability of California’s business community continues to top national charts. Combined, these quantifiable advantages have positioned the region as the preferred option for profitable growth within California – the world’s most innovative economy.
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A Value Proposition You Can't Afford to Ignore
Greater Sacramento provides access to the California innovation ecosystem, world-class talent and a mega-region of resources – all at a cost that allows for sustainable growth.
Talent
Direct access to a system of universities, anchored by the top UC schools, gives the region a powerful workforce – including 318,000 currently enrolled 4-year university students.
Cost-Efficiency
Relocating to Greater Sacramento from Seattle cuts employee expenses by nearly a third. For an employer, these cost savings multiply.
Access
The Northern California Megaregion is a competitive marketplace of 12.2 million people, with a regional GDP that is the highest of any US megaregion.
Highlights in the Media
Sacramento Is California’s Newest Real-Estate Hot Spot
Price cuts have been replaced by bidding wars. A once-sleepy downtown is flush with urban-renewal projects. A luxury condo tower with penthouses priced over $4 million is under construction. Sacramento, Calif., long seen as a fairly bland government town, is in the midst of a real estate boom.
Bloomberg Best: From Our Bureaus Worldwide – July 5 (Audio) by Greater Sacramento
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‘Go North, Young Startup’: Silicon Valley Might Be Converging With Sacramento
In the summer of 2016 — well before, but in anticipation of, the presidential election — I got an invitation to speakin the small California central coast town of Santa Maria (south of San Luis Obispo, north of Santa Barbara). The topic: what Santa Maria might do to prepare itself to become a new tech-and-innovation hub in California.
We Are a Region on the Rise
Our regional talent continues to contribute to innovation and sustainable growth in key industry clusters. The region, which is currently ranked #4 In STEM-related Bachelor’s degrees in the West and Southwest, has over 480,000 residents with a bachelor’s degree – nearly 240,000 of whom are in a STEM field (48%).
Agritech Innovation
Food production is a $54 billion industry in California, with over $21 billion coming from foreign exports. The Greater Sacramento area is at the forefront of Agritech innovation within this industry.
Life Sciences
Life science and health service is a top employer category in Greater Sacramento, with 147,904 jobs in that industry. Greater Sacramento is a life science and health service destination.
Scale-ups
Greater Sacramento is the place where startups go to scale up. Greater Sacramento feeds young companies on the verge of going big their ideal type of employee.
Located in America's Most Profitable State, We Are The "California Option"
Profitability of the 10 states with the most Fortune 500 HQs
California has 51 Fortune 500 HQs. California companies are 2156% more profitable than Texas companies and 38% more profitable than New York companies. This profit amount includes California state taxes and regulations.
California
Most Profitable
Texas
CA is 2156% more profitable
Michigan
CA is 102% more profitable
Illinois
CA is 120% more profitable
Georgia
CA is 115% more profitable
Pennsylvania
CA is 291% more profitable
Virginia
CA is 193% more profitable
New York
CA is 38% more profitable
New Jersey
CA is 120% more profitable
Connecticut
CA is 393% more profitable
Ohio
CA is 272% more profitable
Profitability of the 10 states with the most Fortune 500 HQs, excluding tech and telecom
Once you’ve removed tech & telecommunications, California is still the most profitable state to do business – more profitable than New York, Texas, Michigan, Illinois, and all other top Fortune 500 HQ states.
California
Most Profitable
Texas
CA is infinitely more profitable
Michigan
CA is 29% more profitable
Illinois
CA is 32% more profitable
Georgia
CA is 30% more profitable
Pennsylvania
CA is 296% more profitable
Virginia
CA is 71% more profitable
New York
CA is 3% more profitable
New Jersey
CA is 41% more profitable
Connecticut
CA is 197% more profitable
Ohio
CA is 139% more profitable
Who Are We?
The Greater Sacramento Economic Council is a first of its kind organization in California, bringing together over 35 corporate CEOs and 19 communities in an economic partnership dedicated to building Sacramento and the Capital Region into California’s innovation corridor.
Our Board
Greater Sacramento is a public-private partnership. Our board comprises senior leaders from a broad mix of industries and professional backgrounds.
Our Communities
Greater Sacramento is woven from a collection of unique communities. Hip urban hotspots live next door to agricultural innovators. High tech meets high mountain trails.
Data Dashboards
Our dashboards represents 16 key economic competitiveness indicators and where the Greater Sacramento region stands within each.
Our Blog and Latest News
July 14, 2017
‘Wide Open Walls’ Boosts Sacramento Arts Economy, Brings Artists from around the World
This is a special guest post written by Patrick Harbison For decades, Sacramento has struggled…
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June 12, 2017
Free Form Factory’s Water Sport Innovations in Greater Sacramento: A Discussion with CEO Jordan Darling
Jordan Darling Convincing you that California is the place to be wouldn’t be hard. However,…
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June 6, 2017
Why I Moved My Business to Sacramento from Silicon Valley
Sheri Atwood Sheri Atwood, Founder & CEO of SupportPay The location of a business is…
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April 19, 2017
Sacramento Wins Big with March Madness
This past March, tens of thousands of fans descended upon the Sacramento region to watch…
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March 28, 2017
Greater Sacramento Shares Business Trends at Premiere Incubator Space in Washington D.C.
The Greater Sacramento Economic Council recently hosted an event with Fenway Summer Ventures at 1776,…
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