Crocker Art Museum
Next Economy’s 2013 Annual Report sums up the regional initiative’s first-year progress
Culminating a full year of implementation activities in Spring 2014, Next Economy partners released the initiative’s first annual report, which provides a high level capture of some of the top achievements that have come about as a result of the region-wide economic development strategy.
Read full News Release
Next Economy is a volunteer-led effort, championed by the business community and largely funded by private interests, organized labor, foundations, and several local governments. The regional initiative, covering El Dorado, Placer, Sacramento, Sutter, Yolo, and Yuba counties, sets the framework to transform the Capital Region's $97 billion annual economy into one that is well connected to world markets and possesses a vibrant environment for entrepreneurism and investment, world-class talent, a diverse economic base, and a business climate geared for economic growth.
Capital Region Prosperity Plan
Next Economy unveiled the Capital Region Prosperity Plan at a news conference on Tuesday, March 19, 2013 and set in motion widespread regional execution.
Under development through 2012, the Plan contains five overarching goals and a set of interlocking strategies and actions all geared to accelerate job and wealth creation. Also announced were the champion organizations responsible for achieving progress and anticipated new job creation and increased economic output gains that the region can expect if the plan is executed over the next five years.
Based on extensive research and expert input over 18 months, the Plan and the activities contained within have been embraced by the region’s leading economic development organizations and their business leadership, and has been officially adopted by five counties, 15 cities and two workforce investment boards thus far as their “economic game plan.”
Download the Capital Region Prosperity Plan
Download the Next Economy Executive Summary
Download the Capital Region Briefing Book
With the Next Economy framework, the Capital Region of California, covering El Dorado, Placer, Sacramento, Sutter, Yolo, and Yuba counties, joins together to pursue a competitive and strategic economic development agenda to bring about resiliency, vitality and a wide range of new opportunities for job creation, innovation and increased investment.
See recent news:
Sacramento Business Journal, March 19, 2013 -- Next Economy plan sets goals for economy's transformation
Sacramento Bee, March 19, 2013 -- Next Economy plan offers potential for 35,000 new jobs in Sacramento region
Sacramento Bee editorial, Dec 9, 2012 -- Is Next Economy the Sacramento Region's salvation?
Sacramento Business Journal article, Nov 30, 2012 -- Economic blueprint effort moves into high gear
Action steps, performance measures and accountability structure
With completion of the Executive Summary, development of the Next Economy Implementation Plan now begins. The Implementation Plan will define tactical, action-based activities, lead implementers, performance measures and timetables for execution by champions across the Region. Developing the Implementation Plan will take place through end of this year with execution expected to begin in Q1 2013.
A formal accountability structure is also currently being defined, as it is recognized as the lynchpin to successful and impactful outcomes. The business leadership from the Metro Chamber, SARTA, SACTO and Valley Vision will each sign a Teaming Agreement that specifies roles and performance obligations toward Next Economy execution and each organization is working to integrate Next Economy strategies and actions into existing annual workflow in accordance with organizational expertise.