Presentation on theme: "Welcome Welcome Sacramento Regional Economic Vitality Conversation August 4, 2004 Made possible through generous support from Pacific Gas and Electric."— Presentation transcript:
Welcome Welcome Sacramento Regional Economic Vitality Conversation August 4, 2004 Made possible through generous support from Pacific Gas and Electric Company
Dr. Robert Fountain, California State University, Sacramento
Three sections: Our Economic Engine People and Community Place Breakdowns by geography and ethnicity Valley Vision Quality of Life Report
Industry Clusters of Opportunity— Selection Criteria Size Current Economic Impact # employees. Determines if an industry is a significant component of the cluster’s activity in the region Average Annual Growth Rate Job Creation Growth in # employees. Shows how various components of the cluster have weathered market forces and their subsequent employment generation Concentration Regional Specialization Concentration of industries/sub-industries within region. Specialization generally reflects industry competitiveness. Average Payroll per Employee Job Quality High average payroll per employee relative to the regional average indicates a sector with relatively high productivity and value-added.
Economic Portfolio x axis Employment Concentration y axis Average annual employment growth rate Size (# employees)
Assessing Clusters of Opportunity 2000-2002 83110729465 Growth (Ranked Highest to Lowest) 7 5 981062 1 34 Conc. (Ranked Highest to Lowest) 10987654321 Size (Ranked Highest to Lowest) Trans, Logis & Whsng Info & Telecom Ag & Proces sing Innovati on Service FIRE Cons- truction Visitor Svcs. Health & Bio Misc. Mfg Com- Semi- Elec.
Cluster Map (Sample) Industries Support Sectors Occupations Higher Level Mid Level Entry Level Infrastructure Employment Growth 1990 - 2002: 26,700 jobs (32%) Total Jobs: 97,100Average Wage: Health and Biomedical Doctors' Offices Emergency and Relief Services Home and Residential Care Services Research Universities Specialized Clinics Biomedical Research Hospitals and Acute Care Medical Equip & Supplies Mfg Education and Training Scientific Research and Development Medical and Diagnostic Labs Pharma and Medicine Mfg Family and General Practitioners Natural Sciences Managers Medical Scientists Biochemists and Biophysists Medical and Clinical Lab Technicians Psychiatric Technicians Dental Lab Technicians Biological Technicians EMT's and Paramedics Nursing Aides, Orderlies and Attendents Personal and Home Care Aides Physical Therapist Aides Psychiatric Aides Pharmacy Aides Biomedical Engineers
Economic Vitality Conversation Today’s Focus 1.What state actions will have the most immediate positive impact on California’s economic recovery? 2.What state actions will result in the most significant long-term improvement to California’s economic competitiveness and comparative advantage? 3.How do we best structure an effective partnership between the regions and the state around economic strategy?