Greater Sacramento COVID-19 Update
May 1, 2020
Good Afternoon,

We are hearing from national, state, and local leaders about plans to reopen our economies and get back to work. I am confident that we will rise up again and put the Greater Sacramento region in global competition in the health care, life science and mobility industries.

Next week we are officially kicking off International Economic Development Week May 4-9 in partnership with the International Economic Development Council. It is a wonderful opportunity to promote our region as a business-friendly environment, where companies can quickly scale. We will be highlighting our regional assets including positive employee experience, cheaper cost of living and available open land, manufacturing sites and office space. Help us to promote the region and economic growth with the hashtag #WeAreGreaterSac.

I look forward to seeing your collaborative efforts to raise our economic profile.

Best,
Barry
Join our Economic Development Week celebrations
Help us celebrate Economic Development Week by joining one of our webinars, sharing our social posts, creating your own post or even filming a video about why you’re championing economic development in our community. Click here for some resources to help guide your posts.

We’re excited to kick off our campaign by transitioning our website to a new domain: GreaterSacramento.com. We’ll launch this as our official website on Monday. If you have links to us on your website, please be sure to update them next week by changing the “selectsacramento” in them to “greatersacramento”. If you’ll be emailing a staff member, starting next week be sure to update their address to @greatersacramento.com. Please don't hesitate to contact us if you have any questions.
In the news
Amazon distribution center
Local brokers forecast commercial real estate landscape after COVID-19

The Business Journal covered GSEC’s webinar featuring brokers weighing in on the impact of COVID-19 on the regional commercial real estate market.

State and local economic recovery prospects

Barry discussed the economic recovery from COVID-19 and whether federal aid can hold up the economy with Capital Public Radio.

Staggering job losses hit California low-wage workers

The Sacramento Bee interviewed Barry about economic inclusion and job losses in the region due to COVID-19.

GSEC on construction, stay-at-home orders

Barry spoke with KFBK about the current state of the economy, the importance of the construction industry and economic recovery.

The might of medicine

Comstock’s interviewed Barry in its overview of the region’s budding life science and health care industries.

Economic impacts and projections updates
Updated Report: U.S. economic forecast

Today’s report includes updated data on national and statewide unemployment, U.S. GDP, new financing programs and projections for fall 2020 college and university enrollment.

Announcements
Reminder: Take and share GSEC’s COVID-19 business impact survey

GSEC is working on multiple recovery strategies for the Greater Sacramento region amid the economic downturn due to COVID-19. To better understand the impact to all industry sectors, GSEC has launched an online business survey that will provide critical data on the next steps to take toward recovery and guarantee that critical initiatives stay on track. All responses will be confidential and results reported in aggregate only.

We want to reach as many as possible with this survey, so please forward it along to other businesses in the region.

Additional announcements

The City of Sacramento wants start-ups and companies to submit innovative ideas in response to COVID-19. Learn more »

The City of Roseville is seeking proposals for 6.89-acre site in an industrial area. Learn more »

Cal/OSHA issued guidance on COVID-19 infection prevention in construction. Learn more »

Round two of the Paycheck Protection Program is here. Learn more »
Programs
GSEC programs

UPCOMING
Economic Recovery Next Steps in Yolo County

Small businesses across the Greater Sacramento region and communities in the area are not only dealing with pivoting to try and keep businesses afloat, but are also working to determine the best course of action to protect their business or to close it with the least losses possible, while working to protect their employees. GSEC Board representatives are some of the most knowledgeable individuals in the banking and human resources fields who can help connect the dots between the COVID-19 disaster relief program information being circulated and practical applications for business.

PAST RECORDINGS
The Current State and Predicted Impacts of COVID-19 on Commercial Real Estate in Greater Sacramento

A panel discussion with commercial real estate brokers in which they discuss the anticipated impacts of COVID-19 on the the commercial real estate industry.

Related programs

Keeping Your Business Relevant During the Crisis
Host: City of Sacramento
Date: May 4 at 1 p.m.

Virtual Startup Career Fair (Employer Registration)
Host: UC Davis
Date: May 8 at 11 a.m.

Virtual Entrepreneurship Toolkit Series
Host: Sacramento State Carlsen Center for Innovation and Entrepreneurship
Date: Ongoing

Innovation and Risk Taking
Host: Sacramento State

Insperity Business Resiliency Series: Returning to the Workplace
Host: Insperity
Featured commercial real estate property
Sutter Pointe Properties

Up to 4,500 acres of available land near SR 99, Sacramento International Airport, Metro Air Park and the Sacramento County line.

COVID-19 resources
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