Regional Prosperity Partnership

Overview

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.

News

Strategic Framework for Region’s Inclusive Economic Recovery and Growth Released
The path forward is based around making key sector job opportunities accessible to all

May 28, 2020: A newly launched strategic framework for the recovery and growth of the Sacramento regional economy lays out a pathway that prioritizes our core economic initiatives resulting in a more aligned, prosperous and resilient Sacramento Region. 

“Our Path Forward: The Prosperity Strategy” is the result of two years of work by the Greater Sacramento Economic Council, Sacramento Metropolitan Chamber of Commerce, SACOG, and Valley Vision. It reflects the follow-up work to the Brookings Institution report in 2018 that painted an economic picture of a region that was not growing compared to other mid-market regions and presented many indicators that those most in need were falling behind.

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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.