Business and Political Leaders in Sacramento Host San Francisco Mayor and Investors to Keep Jobs in California
January 5, 2017
Sacramento Mayor Darrell Steinberg, San Francisco Mayor Ed Lee, the Greater Sacramento Economic Council, and the Bay Area Council to attend upcoming Kings vs. Warriors Game
The Greater Sacramento Economic Council, along with the City of Sacramento in partnership with the City of San Francisco and the Bay Area Council will host over 50 business leaders including: site selection consultants, venture capitalists, technology accelerators, and real estate professionals from the Bay Area at the upcoming Sacramento Kings vs. Warriors game on Sunday.
This effort is part of the Greater Sacramento/Bay Area Council #CaliforniaJobsMatter Campaign, which they launched in October of last year. The campaign promotes the integration of the Bay Area and the Capital Region into a single high-performing economy by developing and leveraging a joint civic, business, and policy platform. In doing so, business and political leaders will target businesses that are looking for out-of-state options to consider the Sacramento region. These efforts will continue to compete for jobs that might otherwise go to other states such as Texas.
“We are hosting more than 60 influential business leaders to showcase our region at the new state-of-the-art Golden 1 Center to potential investors,” Greater Sacramento Economic Council CEO Barry Broome said. “This is just one example of how we are continuing to work with the Bay Area Council within the context of the Northern California mega-region to keep jobs in our state.”
States with more affordable business climates are continuing to target key industries in California and have, in many cases, succeeded in taking away jobs from our state.
“A growing rate of job loss in the state is masked by the strong job creation in the Bay Area. If we continue to rely on job growth from a single economic market it puts into question the long-term economic sustainability of California,” Broome added. “Robust, diverse, economies depend on a mix of advanced and legacy industries.”
Keeping jobs within the Northern California megaregion will stabilize the regional economy and continue to increase tax dollars into our education and health systems, which will also help alleviate high levels of youth unemployment, economic distress in neighborhoods and help construct middle class jobs for California.
“I’m looking forward to visiting Sacramento and seeing the new Golden 1 Center,” San Francisco Mayor Ed Lee said. “We know we need regional cooperation and answers to solve some of the largest issues our cities are facing and I look forward to working with Mayor Steinberg and Sacramento to continue the progress we’ve made in the region.”
The Sacramento region has access to high-demand talent with 318,000 actively enrolled college students within a 95-mile radius. In the Sacramento region 49.4% of the residents have at least a 4-year degree in STEM fields, the 4th highest amount nationally. Around 18,000 people from the Bay Area move to Sacramento annually.
“We are thrilled to be hosting San Francisco Mayor Ed Lee, the Bay Area Council, and other business leaders at Sacramento’s state-of-the-art Golden1 Center to demonstrate we are working together as a mega-region and as a team,” Sacramento Mayor Darrell Steinberg said. “We are the most innovative and profitable state for business as the world’s 6th largest economy and we are working together to keep and create jobs here in California.”
New data from the Federal Reserve Bank of St. Louis shows that the Greater Sacramento region has recovered all the jobs that it lost during the COVID-19 pandemic. For the first time in 30 years, the region recovered faster than California.
A new white paper from Greater Sacramento Economic Council (GSEC) and Newmark finds the Greater Sacramento region is on a major growth trajectory as investment, population increase and expanding opportunities for talent and education go into overdrive.
Leading medical device company to build Center for Excellence in Cellular Manufacturing in Greater Sacramento (Rancho Cordova)
ThermoGenesis Holdings, Inc. (Nasdaq: THMO), in partnership with the City of Rancho Cordova and the Greater Sacramento Economic Council (GSEC), announced that the company is building a multi-million dollar, 35,500-square-foot Center for Excellence in Cellular Manufacturing in Rancho Cordova, a suburb of Greater Sacramento, to provide contract manufacturing services for cell therapies, including the one called “CAR-T cell therapy”, which could save the lives of many cancer patients just like Emily Whitehead.