Reaction to yesterday’s Budget and Audit Committee meeting
June 15, 2019
Data show need for inclusive economic development in Sacramento and city acts accordingly
Today was a bold step forward toward realizing the true tenant for Measure U funding. After much debate, the city council voted 8 to 1 to approve the Mayor’s budget proposal with an upfront initial $16 million in investment but leaving much work for the Measure U citizen’s advisory and investment committees to tackle with the remaining $32 million.
Taking into account the May 2019 Brookings Institute data showed that Sacramento dropped from 84th to 91st in inclusion nationally, the city is taking the necessary action to close the gap in our historically undervalued and left behind communities.
With the first hurdle behind it, the city must now focus on accountability and metrics. Greater Sacramento Economic Council will be watching the outcomes to ensure the funding for capacity building in neighborhoods and the creation of new economic engines in priority neighborhoods are front and center.
An inclusive economy is one in which there is expanded opportunity for more broadly shared prosperity, especially for those facing the greatest barriers to advancing their well-being. Preparing a broader and more diverse set of firms, workers and communities to reach their productive potential offers a compelling opportunity for growth. This is the course we are charting in the Greater Sacramento region.
TALENT Lisa StanleyFirst Vice President at CBRE What has happened in the Greater Sacramento region over the last five years? The answer is so much that the residents here haven’t yet quantified the changes. The region has evolved into an ideal place to live and work....
Garry MaiselPresident and CEO at Western Health Advantage I’m excited to be the new chair of the board of directors of the Greater Sacramento Economic Council (GSEC). Formed in 2014 with the support of a diverse group of regional business executives, GSEC works to...
Help us highlight the Greater Sacramento region and our innovative solutions to the challenges of the future by voting for our proposed panels at SXSW 2020. This is a can’t-miss opportunity to showcase the region’s value proposition to an international crowd of thought-leaders and pioneers.