Partnering to Craft an Inclusive Economy
Today over 200 leaders gathered from 28 cities and counties at the Regional Futures Forum hosted by the Sacramento Area Council of Governments to hear from a national expert about how our region’s economy has restructured since the global downturn nearly 10-years ago.
“The Sacramento region benefits from an educated workforce, world-class research institutions, and the presence of the state government, but our research shows that the region also faces significant challenges, including lagging growth of its export industries, stark educational and earnings disparities between white, black, and Hispanic residents, and investment needs in transportation and broadband infrastructure to connect residents to opportunity,” said Amy Liu, Vice President and Director of of the Brookings Institute’s Metropolitan Policy Program.
“In an age of rapid technological changes and an ongoing demographic transformation towards a majority-minority future, existing disparities will be exacerbated without deliberate action,” continued Liu. “Now, leaders across the region must do the hard work of creating a shared vision for inclusive growth, mobilizing people in government, business, and the broader community to tackle these challenges and make the Sacramento region truly inclusive and prosperous in the years ahead.”
Earlier this year, Valley Vision, the Greater Sacramento Economic Council, Sacramento Metropolitan Chamber of Commerce and the Sacramento Area Council of Governments partnered to engage the nationally recognized Brookings Institution to conduct a market assessment of the six-county Sacramento region. The study examines the economic drivers of successful economies in regions and benchmarked Sacramento against national markets with similar characteristics.
The findings from the Brookings Institution informed the full-day Regional Futures Forum that included breakout sessions and group conversations to dive deep into topics and to develop priorities and actions to take the region to new levels of economic growth, prosperity and inclusion.
“This report shows just how important it is that we build an inclusive economy that provides opportunities for everyone in the Sacramento region,” said Jay Schenirer, Sacramento City Council Member and SACOG Board Chair. “Together, our region needs to provide — among other investments — more workforce development and job training opportunities for youth and young professionals. Investing in digital skills training and connecting young workers to in-demand occupations and industries will help our industries grow while creating access to jobs for more people.”
The full Brookings Institution Sacramento Region Market Assessment can be accessed at: https://brook.gs/2r4PbjI