Economic Development Receives Regional Award

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Economic Development Receives Regional Award

Posted: 12/13/2019

Economic Development

Elk Grove’s contributions to regional economic development were honored last night by the Greater Sacramento Economic Council (GSEC). Elk Grove Mayor Steve Ly accepted GSEC’s Paving the Way Award on behalf of the City during the organization’s Annual Dinner.

“For the first time in our city’s history, we are adding more jobs per year than housing units, resulting in a more balanced regional economy, less congestion, a cleaner environment, and a higher quality of life for our residents,” said Elk Grove Mayor Steve Ly. “I want to thank the City Council and our amazing economic development team. They work tirelessly every day to move Elk Grove and the region forward,” Ly said.

The Paving the Way award is given annually to a community in the six county Sacramento Region that demonstrates regional excellence in economic development. The independent nomination review committee selected Elk Grove due in part to the City’s positive job gains, having added over 7,500 jobs since 2015, and its progress towards improving the City’s jobs-to-housing ratio, a key metric of economic health. As a public-private partnership, the Greater Sacramento Economic Council represents a collaboration between local and state governments, market leaders, influencers, and stakeholders with the sole mission of driving economic growth.

Last September, Elk Grove was recognized as one of the nation’s 10 most dynamic small cities in the country by Point2Homes, a real estate portal supporting home searchers. Elk Grove showed the eighth most significant decrease in unemployment rates amongst 150 U.S. cities surveyed and landed in the top 5 of small city rankings for rise in job opportunities. Elk Grove ranked seventh overall among cities with fewer than 200,000 people.

To learn more about Elk Grove’s economic development efforts, visit investelkgrove.com.

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