One Year Check-up for Sacramento’s Economy Shows Mixed Symptoms
New Brookings Metro Monitor data mixes healthy job growth with falling productivity
March 21, 2019: Sacramento had job growth of 1.9 percent in 2017, placing it 30th out of the 100 largest U.S. cities. That is according to the Brookings Institution’s 2019 Metro Monitor that was released today, which compares data on growth, prosperity, inclusion, and inclusion by race.
However, comparisons with the biggest cities in the U.S. are not especially revealing — it is more illuminating to compare the Sacramento/Roseville/Arden-Arcade metro with the cluster of cities that Brookings identifies as its peers, the American Middleweights. That list of 16 cities includes Riverside, Phoenix, Kansas City, San Antonio, Detroit, Cincinnati, and Tampa.
Looking to Office Parking Lots to Boost Housing
Rancho Cordova investigates a great example of innovative policy by using SB2 planning grants
March 19, 2019: Rancho Cordova could allow multifamily housing to be built on underused office parking lots under a policy proposal being developed by its planners.
The policy would allow multifamily development within the city’s office parks, and could lead to multifamily projects being built on vacant parcels or underused parking lots, the city’s planning manager Darcy Goulart told the Sacramento Business Journal.
February 27, 2019: In 2018 the Greater Sacramento Economic Council, Sacramento Metropolitan Chamber of Commerce, Valley Vision, and SACOG partnered with the nationally-recognized Brookings Institution to complete a candid, data-driven look at the six-county regional economy. Building from this work, the regional Prosperity Partnership has now released a framework for near-term action that bridges the broad findings from the recent Brookings Institution assessment with tangible steps to advance growth, prosperity, and inclusion.
The framework argues that preserving the region’s quality of life and reversing the downward trajectory of the last decade demands a renewed focus on the key factors of regional competitiveness and a shared commitment for targeted, near-term action that responds to the strengths, weaknesses, and vulnerabilities identified in the Brookings assessment.
Using this framework as the roadmap, SACOG is currently working with its partners to complete additional research, analysis, and stakeholder interviews targeted to the findings of the Brookings assessment. The work will culminate in the Prosperity Strategy to build advanced industries, human talent, and inclusive regional economic growth.
Read the full Prosperity Strategy Framework to learn more about the regional Prosperity Partnership.
SacRT Invests in More Frequent Buses as it Consolidates Routes
New bus network will roll out changes this summer
February 28, 2019: The SacRT board approved a new bus network on Tuesday night, voting in favor of a consolidated route map that will focus on “major corridors that will lead to economic growth and reduce congestion,” according to a press release. The new plan was the first major redesign of bus routes in 30 years.
You can also dial in using your phone:
Dial-in #: 877-568-4106, Access Code: 732-591-877