www.selectsacramento.com CalSAE – August2017 24, GSEC 1 www.selectsacramento.com OUR ORGANIZATIONAL APPROACH OUR ORGANIZATIONAL Who We Who Are GSEC 2 www.selectsacramento.com OurPublic - strategies The led industries, direction Greater in and the Private Partnership to Sacramento create Capital retain, jobs attract, Region and Economic investment grow, of California and Council throughout scale . Our is new organization the a six businesses, catalyst - county spearheads for region. develop innovative community advanced growth - public- Greater foundation Directors, mission a stakeholders, leaders, and region of and comprised The growth the collaboration public Greater state 19 private have . Sacramento cities of of of sector governments, a contributing Sacramento influencers, our private seat driving partnership and with organization. directors. between on counties sector our represents the economic Board Board to market at CEOs in local Each sole and our the the of is GSEC 4 EXECUTIVE COMMITTEE Garry Maisel Don Clark Kevin Nagle Eugene Palazzo Western Health Advantage Clark Pacific Sacramento Republic FC City of Galt BOARD CHAIR Pat Talamantes Dr. Robert S. Nelsen Dr. Pamela A. Eibeck Steve Pleau Evert Palmer Sacramento State University of the Pacific The Future Automotive Group City of Folsom BOARD VICE CHAIR Dave Lucchetti Roger Niello Stephen Fleming Judson Riggs Hon. Susan Rohan Pacific Coast Building Products The Niello Company River City Bank Teichert, Inc. City of Roseville
SECRETARY Sandy Sharon Mark Friedman Michael Ziegler Hon. David Sander Arlen Orchard Kaiser Permanente Fulcrum PRIDE Industries City of Rancho Cordova SMUD Mike Teel Larry Kelley PUBLIC SECTOR DIRECTORS Hon. Don Saylor TREASURER Raley's Family of Fine Stores McClellan Park, LLC County of Yolo Kyriakos Tsakopoulos Don Ashton AKT Investments, Inc. PRIVATE SECTOR DIRECTORSDr. Brian King El Dorado County Hon. Jeff Slowey Los Rios Community College City of Citrus Heights Donna Bland Larry Allbaugh District Preet Didbal Golden 1 Credit Union Buzz Oates City of Yuba City Hon. Tom Stallard
Our Board Our Erik J. Langeland City of Woodland James Conforti James Beckwith JPMorgan Chase Dan Flores Sutter Health Five Star Bank Sutter County Hon. Darrell Steinberg Hayden Markstein City of Sacramento David Galasso Mark Borrecco Markstein Beverage Co. Hon. Peter Gilbert Hon. Rochelle Swanson Wells Fargo Rabobank, N.A. of Sacramento City of Lincoln City of Davis
Chris Granger Dale Carlsen Jim McGrann Nav Gill Martin Tuttle Sacramento Kings Bunker Wilson, LLC VSP Global County of Sacramento City of West Sacramento
Laurie Harting Dr. Alvin Cheung Ken Monroe Hon. Mike Leahy Hon. Kirk Uhler Dignity Health California Northstate University Holt of California Yuba County County of Placer
Ralph Hexter Patricia T. Clarey Todd S. Murch Hon. Steve Ly Hon. Scott Yuill University of California, Health Net, Inc., A Centene Eskaton City of Elk Grove City of Rocklin Davis Company www.selectsacramento.com BUSINESS CLIMATE IN IN BUSINESS CLIMATE THE STATEGOLDEN California California’s ROI
California creates return on investment
ACCESS TO STATE INTERMODAL GLOBAL CONNECTION & ADVANCED HIGHER STEM FOCUSED AMENITIES ACCESS INTERNATIONAL PROFILE EDUCATION COMMON CORE www.selectsacramento.com 10 states with the most Fortune 500 HQs Fortune most the with states 10 Themost profitable state businessto do Illinois Connecticut New York New Texas Virginia Jersey New Ohio Minnesota Pennsylvania SOURCE: - - CA is CA is - Fo CA is 182 CA is - CA is CA is rtune CA is CA is - - CA is 31% CA is - 519% CA is 574% CA is 500, 2016 - CA is CA is CA is CA is - 323% 406% CA is CA is % more profitable more 411% more profitable more 777% more profitable more 672% more profitable more more profitable more more profitable more more profitable more more profitable more more profitable more California companies are 777% more 777% are companies California California has 51 Fortune 500 HQs. 500 51Fortunehas California California companies are 38% more 38% are companies California 777% profitable than profitable profitable profitable than New York. 31% 53 Connecticut. GSEC 7 www.selectsacramento.com Top Without Profit 10Fortune 500 HQs Tech & Telecom Themost profitable state businessto do SOURCE: Illinois Connecticut Texas Virginia Jersey New Ohio Minnesota Pennsylvania - - CA is CA is Fortune - CA is 36% CA is - CA is CA is CA is CA is - - 126% CA is 146% CA is 500, 2016 - CA is CA is CA is CA is - 58% 88% CA is CA is more profitable more more profitable more 94% more profitable more 360% more profitable more 313% more profitable more more profitable more more profitable more more profitable more telecommunications, is California to do business, behindbusiness, do to the second m second the Once you’ve removed you’veOnce tech & 500 FORTUNE York. ost profitable state only New GSEC 8 www.selectsacramento.com Average rate per Square Foot by location by Foot Average Square per rate Real - Estate Expenses GSEC 9 GSEC 10 Quality of Life Measures Housing Comparison: 2 Bedroom Apartment
A 2 bedroom, 2 bathroom apartment in San Francisco can cost $5,500 a month, while a similar apartment in Sacramento can cost nearly 52% less at $2,600 a month.
52% San Francisco – North Beach 530 Chestnut St, San Francisco, CA 94133 Lower 2 Beds · 2 Baths · 1,033 sq. ft. monthly rent $5,495 / month than in the Sacramento – Midtown Bay Area 1531 N St, Sacramento, CA 95814 2 Beds · 2 Baths · 1,007 sq. ft. $2,645 / month
SOURCE: Zillow July 2017 GSEC 11 Quality of Life Measures Housing Comparison: 3 Bedroom House
A 3 bedroom, 2 bathroom house in San Ramon can cost $980,000, while a similar home in Elk Grove can cost $420,000.
Small-size home prices are San Ramon 9491 Olympia Fields Dr, San Ramon, CA 94583 3 Beds · 2 Baths · 1,842 sq. ft. 57% $979,000 Than in the Elk Grove Bay Area 6820 Cordially Way, Elk Grove, CA 95757 3 Beds · 2 Baths · 1,801 sq. ft. $423,900
SOURCE: Zillow July 2017 GSEC 12 Quality of Life Measures Housing Comparison: 4 Bedroom House
A 4 bedroom, 3 bathroom house in Walnut Creek can cost $1,200,000, while a similar home in El Dorado Hills can cost $580,000.
Medium-size home prices are Walnut Creek 2401 Exbourne Ct, Walnut Creek, CA 94596 4 Beds · 3 Baths · 2,509 sq. ft. 52% $1,249,000 Than in the El Dorado Hills Bay Area 3085 Birmingham Way, El Dorado Hills, CA 95762 4 Beds · 3 Baths · 2,528 sq. ft. $584,900
SOURCE: Zillow July 2017 www.selectsacramento.com The Megaregion INNOVATIVE, CONNECTING & GROWING CONNECTING INNOVATIVE, GSEC 13 www.selectsacramento.com We We Cities, Longer No Are Megaregions Are Megaregion The Rather, are they The travel patterns of 130 million 130 million of patterns travel The that reveal Americans center on major metropolitan areas, paying no mind to political political to mind no paying areas, metropolitan on major center economic ecosystems ecosystems economic defined by megaregionsdefined by aren’t defined by city and state lines. lines. state and city by defined aren’t borders. — massive clusters that that clusters massive America’s Source: Garrett Dash Nelson & & Rae Nelson Alasdair Dash Garrett Source: GSEC 14 GSEC 15
Driving Innovation In the Northern California Megaregion
18% 46.7%
of all US patents in 2015 of all US venture capital in 2015 (67 patents a day, ahead of the 63 a day for the ($27.4 Billion over the course of the year) Northeast)
SOURCE: PricewaterhouseCoopers/National Venture Capital Association, MoneyTree Report, 2015; US Patent and Trademark Office, 2015 www.selectsacramento.com megaregional scale increasingly necessary to achieve a broader footprint of economic prosperity. economic of footprint a broader achieve to necessary increasingly scale megaregional As As million people million 12.2 marketplace of competitive a creates Single megaregion Leverage the Megaregion the Leverage A effective highly market single, transportation, and the environment have crossed regional boundaries and are linking cities, cities, linking are and boundaries regional crossed have environment the and transportation, counties, and regions together across wider geographies. These issues make planning at at a planning make issues These geographies. wider across together regions and counties, the population of Northern California continues to grow, challenges in housing, land use, jobs, jobs, use, grow,to land housing, continues in California challenges Northern of population the TALENT megaregion USany highest of GDP regionally is the Innovative, Connecting & GrowingInnovative,Connecting & GDP is a top priority is ofservice regional rail Continued expansion CONNECTED - CROSS lines across county and city development occurs Economic DEVELOPMENT LEVERAGED GSEC 16 A Shared Workforce Greater Sacramento and the Bay Area have a shared workforce of 208,000
By proximity and Greater Sacramento & The Northern California GDP regionally is the economy, the Capital Bay Area are a single Megaregion is a highest of any US Region is the gateway to market with a shared competitive marketplace megaregion Silicon Valley workforce of 12.2 million people
119,000 89,000 Travel from the Greater Travel from the Bay Area to the Sacramento area to the Greater Sacramento area Bay Area
ECONOMIC DEVELOPMENT OCCURS ACROSS COUNTY AND CITY LINES
Source: Bay Area Council, 2016; US Census Bureau, 2013 5-Year Estimates www.selectsacramento.com OverallSacramento GreaterValue Proposition Value Proposition www.selectsacramento.com developed at developed both top schools, a sustainableforproviding environment the next of generation tech start ups. Greater Sacramentoprovides access to talent andresourcesthrough UCDavis andUC Berkeley, as wellas the innovation being Greater Sacramento’sGreater Value Proposition Shared ecosystem of existing of ecosystem Shared TALENT talent distribution & talent solutions talent & distribution Affordable estate, real SACRAMENTOREGION COST EFFECTIVE THE GREATERTHE CONNECTION hub as well as 2 top UC schools UC top 2 as wellas hub Bay the to Connected innovation Area GSEC 19 www.selectsacramento.com Timing exponentially grow to Sacramento for right is Why Now? Bay Area is becoming cost prohibitive within 5 years costdue to constraints found Bay Area consideringare leaving for for that 74% of Millennials in the growth. Agrowth. OVERHEATED BAY AREA 2015 ULI study With $3.9 billion invested dateto has the its its a vibrant,a authentic and active urban core, Sacramento downtown to URBAN CORE INVESTMENT URBAN CORE strong suburbanstrong appeal compliment now in in Councilcoalition a spear36 heads of corporate CEO’scommunity19 and to to Sacramento the mostSacramento the GreaterSacramento Economic providesingle a visionmake to PUBLIC/PRIVATE PARTNERSHIPS friendly friendly region in California leaders business GSEC 20 www.selectsacramento.com Sustainable Urban $3.9 BillionDevelopmentCore in Urban Core Development SacramentoRailyards: Largest urban 2nd busiest Amtrak station in CA, 7th HOME TO THE STATE CAPITAL SPORTS & ENTERTAINMENTSPORTS Making an investmentMaking the in #1 AAA Minor League TeamLeague #1 AAAMinor URBAN INFILLURBAN PROJECT infill projects in the country Republic FC Development INTEGRATED RAIL Golden 1 CenterGolden next busiest in USbusiest in generation GSEC 21 SOURCE: www.selectsacramento.com Tech Talent Concentration Competitive Surprisingly a in Emerges Sacramento: Greater Jones Lang LaSalle Jones Francisco Bay Area,Sacramento becoming is an workforceintowantstap that lower to attractiveoption forhomebuyerstalented and a Location Quotient Location “Thanks to spillover fromthe expensive San San Francisco San Sacramento Austin, TX Austin, 4.08 4.13 4.10 A Market for Opportunity (Computer Programmers) It is just shy of San Francisco Francisco San of shy just is It numbers while boasting a much much a boasting while numbers cheaper cost of living than that of of that than living of cost cheaper the Bay Area. Bay the The Sacramento region has over over has region Sacramento The 4x the national average tech talent. tech average national the 4x SACRAMENTO GREATER It is ahead of Austin. of ahead is It -cost living” JLLReport2017
$7,937.00 similar ratios ratios in the tech similar talent field, $4,684.00 falls competitor still a closer Austin, affordable than San Francisco. Francisco. San than affordable Sacramento is extremely more more extremely is Sacramento While all three cities three cities all While short and has a less desirable desirable less a and has short
$4,500.00 talent. tech of concentration companies companies looking to expand an Discount on wages for onwagesfor Discount Bay Area 21% Cost of Living of Cost Austin, TX Austin, Sacramento San Francisco hour north hour have very very have GSEC 22 GSEC 23 In the Media Greater Sacramento Recognized for Growth Opportunities www.selectsacramento.com 12,500 55,000 • • • 140,000 Size Facility Size Facility Size Facility . sq.ft . sq.ft . sq.ft • • • Acquired Jobs Acquired Jobs Acquired Jobs 500 200 25 Recent Wins • • • • • McClatchy Video Centene China production facility stateart, of next thefor Sacramento newDowntown Chose Wellness Post of acquisitionHealthNet andmerger andCalifornia Healthand Selects Rancho Cordova for initial 500 jobs 2017 by SeptemberOperational : Selects2/9/2017 McClellan Sunergy Corporation Co., Ltd. Co., Businesspark for Sunergy America LLC - gen media GSEC 24 www.selectsacramento.com WHY IS SO IMPORTANT FOR OUR FOR SO IMPORTANT IS WHY Talent STATE? GSEC 25 www.selectsacramento.com workers with Greater 2015. professionals respect Sacramento – We arethe riseon California since 2010 since California Higher Growth than than Growth Higher Higher Growth than than Growth Higher The US since 2010 The US since 43% 11% to with the growth a region is Bachelor’s outpacing of added highly degree California qualified 23, 935 in
Growth in Population with Bachelor’s Degree or Higher California States United Region Sacramento www.selectsacramento.com 2017 NOTE: 2 1 UC Berkeley, Stanford, Carnegie Mellon, and MIT are tied for #1 in the nation in UC Berkeley, in nation Computer the #1 in for tied andMITare Mellon, Carnegie Stanford, technology and is home to a home to technology is and Higher Education UC Davis is the top UC school in automotivethe intop school is UC Davis UC SCIENCES AGRICULTURAL GLOBAL SCHOOL VETERINARY NATIONAL AUTO EXCELLENCE Excellence Hyundai Center of of Center Hyundai 4 1 ECOLOGY / ENVIRONMENT GLOBAL SCIENCE & ANIMAL PLANT NATIONAL 3 1 Science. // // Science. In 2016, Berkeley UC launched the Center ENGINEERING NATIONAL SCIENCE COMPUTER NATIONAL for for Human SOURCE ADVANCED AI Intelligence - Compatible Artificial Artificial Compatible : Business UC Berkeley,Insider,2017; Business Stanford, 2016; News WorldUS Forbes, & 2017; 2015; Report,Davis, 2017; UC 4 2 INTELLIGENCE ARTIFICIAL NATIONAL STATISTICS NATIONAL 1 1 Allstate recently partnered with the Intelligent Systems Laboratory Intelligent Systems research on autonomous vehicle safety.autonomous vehicle on research AUTONOMOUS VEHICLES INTELLIGENCE ARTIFICIAL GLOBAL SCIENCE COMPUTER NATIONAL 1 1 to conduct Stanford Stanford STATISTICS NATIONAL SHIP ENTREPRENEUR NATIONAL GSEC - 27 thinking companies. the attentionof forwardcapture - Sacramento region continues to the many reasonsthat the Greater In GoodIn Company www.selectsacramento.com produce world- consistently assets institutes. These of top- array extensive hosts an megaregion The miles university90 students within Currentlyenrolled 4- In 318,000 fact, tier higher educationtier higher there class talent are: year – one of • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • SUM Bible College and BibleSUM College Theological College Empire Saybrook Lincoln University Sciences andHealth Culture of ChineseAcademy University State Sonoma Studies Canineof University Bergin College Mills College SAE Expression Samuel Merritt University University Names Holy WrightThe Institute Conservatory Jazz California the Westof Seminary Baptist American College Medicine Integrative and Acupuncture California of University Zaytuna Ministry the for School King Starr Religion of School Pacific University School of Jesuit of Clara Santa Theology Union Theological Graduate Pacific the School of DivinityChurch Seminary Theological Lutheran Pacific Theology Dominican School of Philosophy& California of College Mary'sSaint TouroCalifornia University F.John University Kennedy Academy Maritime University State California of Institute Culinary Greystone at America College Union Pacific Pacific the of University Campuses Modesto Humphreys College- University Jessup William Western Seminary California of University College Steiner Rudolf College Bible Epic Center Sacramento Technology and Design of Academy International University State California California University Argosy University Alliant International - Berkeley College - University Sacramento - Sacramento - The Art Institute of - Sacramento Stockton and Stockton - - Berkeley Davis - Sacramento - Sacramento • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • Seminary University of East of University University Alto Palo University Gate Golden Western Seminary Clara University Santa State SanUniversity Jose California University Argosy University Stanford CollegeMenlo University Sofia University de Namur Dame Notre Gurnick TechnologicalInternational University College Cogswell University State California University State California University State Francisco San Unitek Unitek Campus Lakeside UniversityCalifornia Marymount California of University San Francisco of University School Graduate Presidio Studies Integral of Institute California Law of California of University LAWSAN FRANCISCO SCHOOL Music of Conservatory San Francisco California University Argosy Arts the of College California Medicine of CollegeAmerican Traditional Chinese FIDM Conservatory Theater American University Gate Golden University Art of Academy Institute Art Francisco San University Alliant International College Life WestChiropractic Seminary Theological Francisco San University State California University Argosy California of University Dominican - Merchandising Francisco - Fashion Institute of Design & Design of Institute Fashion College College Academy of Medical Arts Medical of Academy - - Silicon ValleySilicon San Francisco San Francisco - - - - The Art Institute of The Art Institute of Bay Area Francisco San West Medicine - San Jose - - - - San Francisco CollegeHastings Silicon ValleySilicon San Francisco - - - Chico Stanislaus Bay East - San - GSEC 29 Align Capital Region Align Capital Region is a regional operating system designed to synchronize people, programs, and resources to achieve greater outcomes in education, workforce development, and community vitality in the eight county capital region.
How it works Identify Issues Form Teams Plan Execute
Systemic issues are problems that Form an Alignment Team to Design the strategy and Get started making our affect the region all the way up the Address the systemic issue tactics to address the issue community better: ladder • Unequal education • Diverse groups of • What can be done • Advocate for equal education educators, community • Unprepared youth and business • How can it be accomplished • Prepare youth for higher education professionals that • Unqualified employee develop plans to • Establish goals • Ready students for careers prospects effectively advance mutual outcomes • Improved talent pool for employers • Resource deficient companies www.selectsacramento.com process: Vehicles(AVs) 5 this Level slowing to up currently are that obstacles of world. number the around a are There Autonomy (ATOS).Standards protocols, open of aset communication As ATOS of market to time the accelerate would Autonomous develop to zone test a world doors real as open to Sacramento’sits is mission core Autonomous Transportation Open Autonomous Transportation Open Standards(ATOS) Lab All aspects of the cities of the the of cities the of aspects All future will be connected via via connected be will future Networked Networked Vehicles and the Connected City the Internet: infrastructure, infrastructure, Internet: the citizens, homes, buildings, buildings, homes, citizens, parks and autonomous autonomous and parks vehicles. vehicles. framework that currently exists exists currently that framework deployment of Level 5 Level of deployment AVs. quickest and safest path to to path safest and quickest that will assure the both assure will that There is no regulatory regulatory no is There This will be changed. be will This Public Policy Public ensure future employment for for employment future ensure implications that AVsthat present implications today’s automotive workers? today’s workers? automotive Economic, Environmental, Social and Cultural Cultural and Social Environmental, Economic, The various interdisciplinary interdisciplinary various The to our society are not fully fully not are society our to understood. How do we we do How understood. Implications GSEC 30 A Strong Partnership between Academia, Business, and Experts
Brand-neutral ZEV educator World-leader in ZEV • World leading Alternative Automotive Powertrain education & consulting Engineering • Spin out from Europe’s leading Mechanical Engineering University • Opportunity for increased downtown Sacramento presence • Automotive Accelerator program and Testing Facility in Germany
Highlands Power Inc. ZEV/Electric Motor Innovator in Sacramento TALENT | ACCESS | SUSTAINABLEGROWTH | TALENT | ACCESS
www.selectsacramento.com We are the California Option California the are THANK YOU www.selectsacramento.com linkedin.com facebook.com /company/ @ selectsac / GreaterSac selectsacramento GSEC 32