PRESS RELEASE
Survey will support economic recovery strategy
ejones@greatersacramento.com
(916) 287-9072
04/23/2020
Critical data will foster industry specific initiatives to boost local economy
The Greater Sacramento Economic Council (GSEC) is working on multiple economic recovery strategies for the Greater Sacramento region amid the economic downturn due to COVID-19. Each industry and region is impacted differently. To better understand the impact to all industry sectors, GSEC is launching an online business survey that will provide critical data on the next steps to take toward recovery and guarantee that critical initiatives stay on track.
“The Greater Sacramento Economic Council is working to ensure the region is ready to charge forward and bounce back as quickly as possible. We’ve seen businesses evolve with the new realities upon us, and the more data we have, the quicker we can evolve our plan for economic prosperity,” said Barry Broome, President & CEO of GSEC.
The online survey is developed through national collaboration with the International Economic Development Council, a development software and advisory services firm Blane, Canada Ltd., and economic developers across the country.
Some of the data collected will include:
- Description of the organizations industry
- How many people they employed prior to COVID-19
- If they are still operating.
- If they have applied for an SBA loan or PPP
The information collected will be compared to thousands of responses nationally. This allows GSEC and economic development teams in the region to gain a better understanding of industry challenges, and create strategic plans to recharge and reboot various sectors.
GSEC will conduct an additional survey in the months ahead to measure shifts and changes in economic impact as the country and state reopens.
All responses to the survey are confidential and the results are reported in aggregate only. It is designed to be simple and not take more than eight minutes to complete.
“We are all in this together. The sooner we find out where the most help is needed, the faster we can pivot to reboot our economy. We will come out on top,” said Broome.
Businesses of all sizes in all industries across Greater Sacramento are highly encouraged to complete the survey here. The survey will close on May 4, 2020.
For those seeking immediate resources and additional information as well as contact information for local business support providers, visit greatersacramento.com/COVID19resources.
About the Greater Sacramento Economic Council
The Greater Sacramento Economic Council is the catalyst for innovative growth strategies in the Capital Region of California. The organization spearheads community-led direction to retain, attract, grow and scale tradable sectors, develop advanced industries and create jobs and investment throughout a six-county region. Greater Sacramento represents a collaboration between local and state governments, market leaders, influencers and stakeholders, with the sole mission of driving inclusive economic growth. The Greater Sacramento region was founded on discovery, built on leadership and fueled by innovation.
Recent Releases
Golden 1 Center Serves as Major Economic Driver in Greater Sacramento, Providing $665 Million Annually
Golden 1 Center, home to the NBA’s Sacramento Kings and a community hub for major events, concerts and shows, continues to stand as a powerhouse contributor to the economic vitality of the Greater Sacramento region metropolitan area, according to a new economic impact report by renowned research company Applied Economics.
Greater Sacramento Economic Council Leads Historic International Delegation Trip to Germany
The Greater Sacramento Economic Council (GSEC) is thrilled to announce its international delegation trip to Germany on Feb. 5 as part of the council’s strategic expansion into the global market. This trip signifies a pivotal step in fostering international collaborations for the Sacramento region and partnership with international companies.
Samsung opens chip R&D office in Greater Sacramento
Samsung Semiconductor has opened an R&D office in Folsom to house an advanced computer lab and controller development team to create technology for artificial intelligence, data centers, mobile phones and automotive chips. The office will initially employ 50 with plans to grow.