Regional Prosperity Strategy

Framework for Inclusive Economic Recovery Released May 2020

In 2018 the Greater Sacramento Economic Council, Sacramento Metropolitan Chamber of Commerce, Valley Vision, Sacramento Region Business Association, and the Sacramento Area Council of Governments partnered to engage the nationally recognized Brookings Metropolitan Policy Program to conduct a market assessment of the six-county Sacramento region. The findings of the Brookings market assessment show the Sacramento region can take advantage of changing market, technology and demographic trends for broad-based economic growth, but to do so must focus on the core drivers and enablers of regional competitiveness and prosperity.

Responding to the Brookings call to action, the Regional Prosperity Partnership has developed the Prosperity Strategy, a strategic framework to champion a pathway for inclusive economic prosperity.

The partnership released the Prosperity Strategy on May 28, 2020. The strategy includes a summary document focused on key implementation actions as well as a longer technical document which serves as the Comprehensive Economic Development Strategy (CEDS) for the six-county region.

Prosperity Strategy Framework

The Prosperity Strategy Framework lays out the near-term approach to bridge the broad considerations of the Brookings market 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 market assessment.

The framework served as the roadmap for supplemental research, analysis, and stakeholder interviews targeted towards the findings and key considerations in each of the Brookings market drivers. This work culminated in the Prosperity Strategy, the region’s federally-recognized Comprehensive Economic Development Strategy (CEDS) focused on actionable initiatives that build advanced industries, human talent, and inclusive economic growth.

Read the full Prosperity Strategy Framework.

Additional Resources

• Access the Brookings report
• See the roll out at the Regional Futures Forum
• Learn more about implementation steps: The Prosperity Strategy

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