2. Economic Drivers : Government, construction, and related finance sectors hardest hit by global recession Persistently high unemployment and weak recovery – but the tide may be turning Business leaders came together in Summer of 2011 to form a joint response: Next Economy Waiting for action from Washington, DC, or the State Capitol could be a long wait 2

3. Our Long-term deliverables : 1. Recover the job base and value lost to our regional economy. 2. Diversify our economy beyond a few dominant sectors for resiliency, vitality and a wider range of opportunities. 3. Create an ongoing dialogue and focal point for joint strategy and action on jobs and economic growth. 3

4. 11-Month Report: Coalition formed with 260+ private and public sector organizations and growing. Fielded VIP leadership group and project steering committee. Raised $198K in funds towards $250k budget Completed comprehensive research & analysis. Held many public work sessions (State of the Region, 3 Regional Forums, workgroup meetings). ~50 formal outreach presentations with more ahead. 4

6. CSER research has 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. 6

7. CSER research has 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. 7

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

9. Food & Ag First Year Goals: 1.Develop a regional agricultural alliance to establish policy recommendations and protect and enhance vital industry resources. 2.Forge robust linkages between the region’s economic development efforts and UC Davis' Food and Ag innovation focus areas. 3.Create outreach and marketing materials that help multiple audiences understand and value the full spectrum of agriculture and the food system in the Sacramento region. 9

10. Food & Ag First Year Goals: 4. Develop the next generation of farmers who can easily adapt to changing technologies and opportunities and will serve as the new wave of agricultural entrepreneurs. 5. Support the implementation of one or more food processing and distribution hubs to expand opportunities for agriculture. 10

11. Three Regional Forums to engage stakeholders 11

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

13. Audience reaction (critical and very important scores combined): 1.Small business and entrepreneurial support - 92 % 2.Invest in developing and attracting talent - 90 % 3.New capital funding streams - 89 % 4.Commercialization and tech transfer - 79 % 5.Economic and regulatory barriers – 77 % 6.Economic, civic and cultural infrastructure - 76 % 7.Global markets - 64 % 8.Regional identity - 62 % 13

14. Shifting to Action : 14 Entering intense period of writing/editing & stakeholder consultations on the action plan. Research, engagement, and action plan development phase coming to a close. Stakeholder consultations and feedback on strategy and actions commencing now leading to plan release this fall. Developing performance accountability and ongoing implementation structure concurrently.

15. “Initiatives such as Next Economy are the kinds of regional efforts that are necessary to drive American economic competitiveness and will become the defining model for growing jobs throughout our nation.” —Matthew Erskine, Assistant Secretary of Commerce for Economic Development for EDA 15 Sacramento Metro Chamber Capitol-to-Capitol Policy Briefing 4/23/12 on Next Economy:

16. www. nexteconomycapitalregion.org Stay Connected: :