BAC Economic Institute’s Report Calls for Economic Reset
This week the Bay Area Council Economic Institute, with the help of McKinsey & Co., released the seventh biannual Bay Area Economic Profile Report, Recession and Recovery: An Economic Reset. The report found that in the face of the worst economic downturn in decades, many of the perennial challenges that pose a threat to the economic success of the Bay Area have come into stark relief. “The dramatic losses in jobs, trade and home values of the last two years are now matched by visible quality drops in education, infrastructure and the ability of our public institutions to make critical decisions. This seriously impacts the region’s economy, requiring renewed and decisive action.”
The report benchmarks our region’s economy against other cities and regions around the world. It also identifies our shortcomings and calls for a wide range of actions to address them. Click here to download the full report (1.2 MB). Read coverage on it here: San Francisco Chronicle; San Jose Mercury News; San Francisco Examiner; Silicon Valley/San Jose Business Journal; San Francisco Business Times; KCBS; KGO TV.