Greater Sacramento COVID-19 Update
March 20, 2020
Good Afternoon,
 
As we all adjust to new realities and commit to minimizing the spread of COVID-19, I want you to know that the Greater Sacramento Economic Council is open for business – remotely of course – and continues to see interest and activity, with new business commitments to locating in the region happening this week. We can all use some positive news, so here is some I am pleased to share:
  • We are hearing that developers are actively moving forward with speculative large-scale industrial development projects that we so desperately need in our market
  • The venture capital market in Silicon Valley has a stockpile of funds waiting to invest – we will be working diligently to expand our conversations with them immediately to tell the #CaliforniaOption story
  • GSEC has had great success even this week in securing meetings and conversations with many business decision makers outside of our market that in other times are difficult to access
  • Aggie Square is capitalized, strong, and will be breaking ground before the end of the calendar year
 
I encourage our community partners and the state of California to recognize now more than ever the importance of investing in economic development efforts and being ready, along with GSEC, to help our growing companies emerge with strength and remember that #CaliforniaJobsMatter.  We are here for you 24/7 as a resource, please contact myself or a member of the GSEC team anytime.
 
Stay healthy,
Barry
The impact of COVID-19 and advice for economic developers  

Barry discussed the potential economic impact of COVID-19, and gave advice on what economic development teams can do during this crisis on the We Are Jobs podcast.

Economic impacts and projections updates
Forecasts for the U.S. and California economies

The GSEC team analyzed data from Goldman Sachs, JP Morgan and UCLA Anderson School of Management and compiled economic forecasts for both the U.S. GDP and California.

Announcements
California issued a mandatory stay at home order. Read the order here »

The portal for Sacramento’s $1 million fund for business is open. Apply here »

Safeway is hiring more than 2,000 workers. Apply here »

Raley's is hiring personal shoppers and drivers. Apply here »

Facebook is creating a $100 million grant program for small businesses. Learn more »
SBA job opportunities

SBA has immediate openings for temporary positions for disaster recovery specialists to help business owners impacted by COVID-19. Experience in oral and written communication and researching and responding to customer inquiries is required. Weekend work required and mandatory overtime could be substantial. 

Visit USAJOBS.gov announcement number “10752837” for more information and to apply.
Upcoming programs
GSEC programs

The GSEC team is in the process of pivoting upcoming events and meetings to virtual sessions. If you have registered for or are planning to attend an upcoming GSEC event or program, stay tuned for instructions on joining us virtually or in some cases, a rescheduled date.
Related programs

Virtual Entrepreneurship Toolkit Series
Host: Sacramento State Carlsen Center for Innovation & Entrepreneurship
Date: Ongoing
Featured commercial real estate property
Parkview Business Park

±834,880 sq. ft. new Class A office campus located adjacent to the Interstate 5 and Interstate 80 Interchange in Sacramento.

#EconomicResilience
Show your solidarity with our community and support for crucial initiatives and investments by following and sharing our hashtag: #EconomicResilience.
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