Greater Sacramento Economic Council celebrates city’s rising ranking

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California’s capital city ranks #10 in job creation, #26 overall on Inc.’s 2020 Surge Cities list.

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The Greater Sacramento region is the fastest growing large community in California, and due to its high concentration of colleges and universities, has access to abundant talent. More than 30% of the region has a bachelor’s degree and half of those are in a STEM field.

Sacramento starts 2020 with an impressive recognition. The city ranked 10th in the category of job creation and 26th overall in Inc.’s 2020 Surge Cities list, a guide to the best 50 cities in America for starting a business. Sacramento climbed 2 spots from its #28 ranking on the list last year.

Sacramento’s rising ranking, especially in job creation, comes as no surprise to those familiar with the city’s favorable business climate. The Greater Sacramento region is the fastest growing large community in California, and due to its high concentration of colleges and universities, has access to abundant talent. More than 30% of the region has a bachelor’s degree and half of those are in a STEM field. Those degrees are hard at work in the region— in the past five years, there has been a 45% increase in computer, engineering and science occupations in Greater Sacramento.

“Sacramento is a city on the rise. Being added to this prestigious list is validation that we are taking the right steps to bring in not just new businesses, but diverse businesses – making the region inclusive to all skill levels and backgrounds. That is the essence of an up-and-coming city,” says Barry Broome, CEO of the Greater Sacramento Economic Council.

Businesses succeed in Sacramento in part because innovation is the force that fuels the city’s institutions.

“Startups and tech companies see Greater Sacramento as a growing innovation hub. Since 2015, there has been a 57% increase in the number of investment deals for startups. The region will also be home to two giant initiatives - Aggie Square and the California Mobility Center,” added Barry.

Aggie Square, a unique research park planned by UC Davis, is a real estate development project that will consist of a mix of research labs, office space, classrooms, and co-working space. It will serve as a hub for high-tech innovation, research and development and encourage collaboration across disciplines including life sciences, food systems, mobility, civic technology and more. The park is expected to result in 10,000 direct jobs.

Similarly, the California Mobility Center is an up and coming site dedicated to funding, testing and commercializing advancements in mobility technologies including electric vehicles, autonomous transportation, battery storage, public transit and new business models for the international stage.

“With two centers of excellence underway that are backed by such prestigious institutions like UC Davis, the Greater Sacramento region is set to be at the forefront of life-science and mobility advancements that will lead the nation in technology and policy in these fields,” said Broome. “The future of innovation is here.”

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 new businesses, 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 economic growth. The Sacramento Region was founded on discovery, built on leadership and fueled by innovation.

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Yani Pena
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