2. “ We are in a ‘self-help’ regional economic
environment, and the trick is to overcome the
inherent competition between political entities
within regions. ”
—Marek Gootman, Brookings Institute

3. Next Economy:
Will result in…
A Capital Region
Prosperity Plan

4. Economic Realities:
• Government, construction, and related finance
sectors hardest hit
• Region jobless rate = 12% (vs. 8.3% nationally)
• In terms of growth, Sacramento ranks number 345
out of 372 US metro regions
• Employment level today is on par with Y2000 levels

5. Economic Forecast:
• Forecasts indicate a regional recovery is years away
• Waiting for political leaders to take action may not
work
• Lack of State’s ability to drive job creation and
business growth is forcing regional leaders to lead
from the bottom-up

6. Next Economy:
It’s all about…
Generating jobs
and creating wealth

7. 11-Month Summary:
 Formed coalition of 260+ private/public sector
organizations
 Fielded leadership and project steering groups
 Completed in-depth research and analysis
 Convened many public work sessions
 Conducted 50 formal outreach presentations with
more ahead

8. Research Conducted:
• Regional Trends
• Regional Economic Conditions
• Regional Cluster Analysis
• Base Economic Foundations Evaluation
• Economic Development Ecosystem Analysis
• Innovations Scorecard

9. Regional Cluster Identification:
Where to focus our energy?

10. Research uncovered our strongest
business clusters:
1. Life sciences & Health services. $8.64B annual output. 98,646
total employment.
2. Information & Communications Technology. $9.69B annual
output. 30,096 total employment.
3. Agriculture & Food production. $3.4B annual output. 37,442
total employment.
4. Advanced manufacturing. $1.74B annual output. 11,409 total
employment.
5. Clean Energy Technology. $846M annual output. 3,015 total
employment.

11. Fielded workgroups by clusters areas to
uncover impediments & opportunities
Food & Advanced Information Health & Clean
Agriculture Manufacturing & Comm. Life sciences Energy
Technology Technology

12. Research also uncovered our
strongest economic foundations:
6. Education & Knowledge Creation. $1.11B annual
output. 16,618 total employment.
7. Knowledge intensive business and Financial services.
$18.22B annual output. 69,683 total employment.

13. Fielded workgroups by clusters areas to
uncover impediments & opportunities
Food & Advanced Information Health & Clean
Agriculture Manufacturing & Comm. Life sciences Energy
Technology Technology
Innovations (Private capital; tech transfer; entrepreneur support)

14. Fielded workgroups by clusters areas to
uncover impediments & opportunities
Food & Advanced Information Health & Clean
Agriculture Manufacturing & Comm. Life sciences Energy
Technology Technology
Innovations (Private capital; tech transfer; entrepreneur support)
Regional Identity

15. Fielded workgroups by clusters areas to
uncover impediments & opportunities
Food & Advanced Information Health & Clean
Agriculture Manufacturing & Comm. Life sciences Energy
Technology Technology
Innovations (Private capital; tech transfer; entrepreneur support)
Regional Identity
Education / Workforce / Talent

16. Next Economy identified 8 specific inter-related
regional economic drivers for joint action:
CREATE
new public-
private capital INSPIRE
INCREASE
investment a shared
entrepreneur
streams regional image
& small biz
and leverage
support
our strengths
INVEST
CAPITALIZE
in retaining,
on university
educating & strengths for
attracting tech transfer &
talent commercialization
INVEST
in region’s REMOVE
economic economic &
infrastructure INCREASE regulatory
& cultural & foreign direct barriers at all
civic investment & levels
amenities export
activity

18. Stay Connected!:
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www.nexteconomycapitalregion.org