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Economic Conditions in the Sacramento Region

Economic Conditions in the Sacramento Region. ULI Real Estate Outlook 2013 December 6, 2012. Ryan Sharp , CEcD CSER Director. ECONOMIC DEVELOPMENT STRATEGIES MARKET & FEASIBILITY ANALYSES POLICY ANALYSIS & PROGRAM EVALUATION SUPPORT. ECONOMIC & TAX IMPACT STUDIES INDUSTRY STUDIES

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Economic Conditions in the Sacramento Region

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  1. Economic Conditions in the Sacramento Region ULI Real Estate Outlook 2013 December 6, 2012 Ryan Sharp, CEcD CSER Director

  2. ECONOMIC DEVELOPMENT STRATEGIES MARKET & FEASIBILITY ANALYSES POLICY ANALYSIS & PROGRAM EVALUATION SUPPORT ECONOMIC & TAX IMPACT STUDIES INDUSTRY STUDIES WORKFORCE STUDIES CONSULTATION ECONOMIC & DEMOGRAPHIC PROFILES SITE SELECTION RESEARCH & INFORMATION RESEARCH VALIDATION & PEER REVIEW EVALUATION INFORMATION • CORE SKILLS: • Economic & demographic analysis & forecasting • Regional economics & economic development practices • Market & feasibility analysis • Econometric & input-output modeling • Social science research & survey design • Strategic planning & collaborative processes • Performance measurement • Geographic Information Systems

  3. Current Conditions

  4. Positive job growth for six months

  5. Most large sectors added jobs in past year

  6. Substantial gains in four major sectors

  7. Total employment around year 2001 levels

  8. Unemployment rate above statewide average

  9. Job growth ranks in middle of state regions

  10. Sacramento among fastest-growing large metro areas nationally

  11. Moderate but declining competitive position

  12. Economic Outlook

  13. Leading indicators improving for nation and state

  14. Stable growth expected for state

  15. Regional business sentiment tapering off

  16. Job growth expected to improve

  17. Only four major sectors with negative job growth forecast

  18. Notable declines in unemployment anticipated

  19. Regional Strategic Planning nexteconomycapitalregion.org

  20. PROJECT BACKGROUND • Leaders from Valley Vision, the Metro Chamber, SACTO, and SARTA sparked Next Economy in response to the severe regional recession • Objective is to identify catalytic strategies along with specific actions and champions to accelerate new job creation, investment, and innovation • The core research agenda and related findings drove the collaborative planning process • Collaborative structure includes a leadership group, a steering committee, various work groups, three regional forums, and targeted outreach • Tied into California Economic Summit to leverage regions in reigniting the state’s economy (caeconomy.org)

  21. PROSPERITY PLAN STRUCTURE

  22. UNIFIED VISION

  23. GOALS

  24. CORE BUSINESS CLUSTERS

  25. Regional economic conditions have improved Moderate competitive position Forecast shows uptick in next 12 months Next Economy aimed at accelerating job growth and investment Thank You!

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