Greater Sacramento, CA has reached critical mass and investors and companies are taking note. We’re the right place and now is the right time. Why aren’t you here yet?
Greater Sacramento’s growth trajectory is set to go into overdrive over the next five years. Population growth, diversity and degree achievement are expected to accelerate and several world-class innovation centers will be taking root.
The region is quickly becoming one of the hottest markets in the West, and the place to do business in California.
GROWING, DIVERSE & EDUCATED
The fastest-growing large metro in California is also one of the country’s most diverse and highly educated.
Data sources: USPS, College Navigator, CompTIA
NEXT LEVEL INVESTMENT
Venture capital activity jumped significantly in the past year, including multiple IPOs, a $1.8 billion SPAC merger and an $800 million capital raise.
All this activity is culminating in the development of key projects that will change the region’s economic landscape. See a preview of what’s to come below.
GET THE DATA
A new report from Newmark and GSEC shows that Greater Sacramento’s growth trajectory is set to go into overdrive over the next five years. Download the report to see what’s driving our #CApitalMomentum.
Get to know some of the companies driving Greater Sacramento’s momentum.
Origin Materials was founded in West Sacramento by two UC Davis graduates who met while studying chemical engineering. Today, Origin is the world’s leading carbon negative materials company, boasting partnerships with the likes of Mitsubishi and LVMH Beauty.
Advanced.farm is a cutting-edge agtech company located just minutes from UC Davis – the country’s #1 agricultural science university -- in the Greater Sacramento region.
Aachen, Germany-based PEM Motion provides engineering and business consulting services to zero emission vehicle companies from its North America headquarters - Greater Sacramento.
Greater Sacramento’s growing innovation infrastructure supplies entrepreneurial resources, financing and collaboration for start-ups and businesses to grow and thrive. The Growth Factory, a regional pre-seed accelerator and accompanying venture fund, is a key resource to early stage companies.
PowerSchool’s IPO in 2021 was the largest in K-12 education software in North America. The Folsom, CA-based company is a leading provider of global educational technology, impacting 45 million students around the world. Its 2021 IPO was the largest in K-12 education software in North America. The company is headquartered in Folsom, California and employs over 3,000.
Lion Electric is pioneering the development of ZEV buses and trucks. The company has found success in Greater Sacramento thanks to the region’s progressive EV adoption rate and innovative business climate. Watch the video to learn more.
The Lab@AgStart celebrated the grand opening of its new $1.5 million facility, which includes coworking space for startups, a wet chemistry lab and the Raley’s Food Lab, a facility that will allow startups to experiment on new food products with ingredients they develop.
Accenture is a professional services company, providing a broad range of services in strategy and consulting, interactive, technology and operations, with digital capabilities across all of these services.
Learn more about the trends influencing the region’s growth.
Global semiconductor company Solidigm builds research and development (R&D) facility, home to 1,900 jobs, in the Greater Sacramento Area
Solidigm, a U.S.-based subsidiary of SK hynix, Inc., is building a 230K-sq-ft, $100 million R&D campus in Greater Sacramento. The campus will create 1,900 high-wage tech jobs over the next five years and up to $1.2 billion in annual economic impact for the region.READ MORE
CalCompetes tax credit information and application assistance
Governor Newsom’s state budget for Fiscal Year 2022/2023 renewed the California Competes Grant Program (CCGP) for one year and the California Competes Tax Credit (CCTC) for five years. Learn more about evaluation criteria for the CalCompetes programs and the 2022-2023 application timeline.READ MORE
Orca Bio Expands in Greater Sacramento Building New State-of-the-Art Manufacturing Facility
Series D Bay Area biotech company Orca Bio is expanding in Greater Sacramento with a new, 100,000-square-foot manufacturing facility.READ MORE
Greater Sacramento Economic Council helps fund FourthWave accelerator to catalyze women-led tech businesses
Female-run accelerator FourthWave has officially kicked off its fifth annual cohort of female entrepreneurs in Sacramento, thanks in part to its partnership with the <a href="https://www.greatersacramento.com/">Greater Sacramento Economic Council (GSEC).</a> FourthWave, which launched with a grant from the City of Sacramento in 2017, is an accelerator for high potential women-led technology businesses.READ MORE
TAKE THE NEXT STEP
Interested in learning more? The GSEC team is ready to assist with custom cost analysis, site selection assistance, information on available incentives and more. Get in touch today.