Greater Sacramento Gains National Notice for Best Place to Move | News
Sacramento, Calif., Jan. 30, 2023 (GLOBE NEWSWIRE) — The Sacramento region is quickly becoming the favorite city in the Golden State, according to recent awards from national media and data from statewide moving trends, and Greater Sacramento Economic Council (GSEC ) ) is doing its part to fuel the momentum.
The GSEC business development team saw record deals and job growth. Currently, we have over 100 companies evaluating relocation or expansion in the Sacramento region. Led by the 2022 announcements of Solidigm’s global R&D headquarters in Rancho Cordova and Orca Bio’s manufacturing facility at Metro Air Park, GSEC is on track to meet its three-year job attraction and retention goals in less than two years. The team currently manages a triple-digit pipeline of active projects, most of which are in high-tech sectors such as semiconductors, bio/life sciences and food/agtech.
Our region boasts a low unemployment rate in the Sacramento–Roseville–Arden-Arcade MSA was 3.3 percent in December 2022, down from 3.7 percent in November 2022, and below the year-ago estimate of 4.3 percent .
“For years, we’ve touted Sacramento for its prime location, educated and smart talent pool and fantastic quality of life,” said GSEC President and CEO Barry Broome. “These recent national nods prove that we really do live in the greatest region in California, and more people are discovering what a special place it is to be.”
Earlier this month, U-Haul released its U-Haul Growth Index for 2022, which ranked Sacramento as no. 2 for most one-way trucking transactions in the country – up several spots from 2021. Sacramento is the only California city to make the list of top 25 growth cities across the US
Additionally, Forbes listed Sacramento as the best place to live in California based on size, crime rates, cost of living, diversity and amenities. Forbes noted Sacramento’s family-friendly culture, ample educational opportunities, low unemployment rate and access to recreation.
“Working with GSEC on the Competitiveness Council, I continue to see incredible growth, expansion and interest in the Sacramento market,” said John Jackson, co-chair of the GSEC Competitiveness Council. “I credit our region’s robust economic development efforts as well as the dynamic, innovative employers, educational assets and diverse professionals here with creating a place that attracts people from across the US.”
A large influx of residents moving to Sacramento from the San Francisco Bay Area, combined with national appeal among companies looking to relocate, reinforces Sacramento’s reputation as an ideal city to live and work.
Greater Sacramento boasts a reasonable cost of living while offering access to world-class sports, entertainment, arts and dining with Golden 1 Center, a vibrant food scene and a rich history supporting the arts.
As a regional player, GSEC works with other organizations to create opportunities for professionals and companies to consider Sacramento. In partnership with the Growth Factory, GSEC provides resources to entrepreneurs, while the organization’s Digital Upskill program trains young professionals for high-paying jobs in technology.
For more information on why the Greater Sacramento region is the place to be, visit the Greater Sacramento Economic Council.
About the Greater Sacramento Economic Council
The Greater Sacramento Economic Council is the catalyst for innovative growth strategies in California’s capital city. The organization is at the forefront of community-led direction to retain, attract, grow and scale tradable sectors, develop advanced industries and create jobs and investment in a six-county region. Greater Sacramento represents a collaboration between local and state governments, market leaders, influencers and stakeholders, with the sole mission of driving inclusive economic growth. The Greater Sacramento region is founded on discovery, built on leadership and fueled by innovation.
Michelle Willard Greater Sacramento Economic Council 916-287-9072 [email protected]
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