bold new vision for regional economic resilience
The Bay Area Council Economic Institute today unveiled a sweeping (and provocative), new regional economic vision for strengthening the Bay Area’s competitiveness, broadening prosperity, and building resilience against coming economic swings. A Roadmap for Economic Resilience offers a framework and series of recommendations for leveraging the power of the Bay Area’s many parts to combat the region’s growing housing and traffic crises, attract top workers and companies, and enhance overall quality of life.
“Economic success is not a divine right, it has to be planned for, fought for, earned,” said Jim Wunderman, President and CEO of the Bay Area Council. “UCLA Professor Michael Storper’s new book, “The Rise and Fall of Urban Economies,” explains how the Bay Area has remained on top among regional US economies for the last two generations, while Los Angeles dropped from 4th to 25th. The Bay Area is an incredible place, but we sit at a crossroads. It is time for the key stakeholders in our region to move forward together and address the serious challenges we face. The Regional Economy Strategy provides a bold framework for doing just that.”
At a packed forum this morning launching the Roadmap, top business and government leaders discussed the various solutions proposed in the report and what it will take to make progress on them. Tune in next week for links to video of the conversation. To participate in our regional planning work, contact Senior Vice President Matt Regan.