The Greater Sacramento Economic Council (Greater Sacramento) is an economic development organization working through a public-private partnership of local businesses and governments to retain, attract, grow, and create sustainable businesses in the six-county Sacramento Region, including El Dorado, Placer, Sacramento, Sutter, Yolo, and Yuba Counties and the 23 cities therein. Greater Sacramento is now in its fifth year of working toward building an advanced economy in the Sacramento region.
Greater Sacramento is guided by and strategically focused on the following specific long-range goals:
1) Develop and utilize in-depth data and analytics to guide strategic economic development efforts and improve the region’s competitive position;
2) Strategically market the region to generate qualified company prospects in targeted economic clusters; and,
3) Leverage public and private partners and resources to locate qualified prospects.
The purpose of this Economic Development Agreement is to set forth the regional economic development program that Greater Sacramento agrees to undertake, the support that the City of Rocklin agrees to provide, the respective roles of Greater Sacramento and the City of Rocklin, and the payments of the City of Rocklin to Greater Sacramento for the fiscal year ending June 30, 2022.
The Economic Development Agreement provides for mutual cooperation between the City of Rocklin and Greater Sacramento. Additionally, the agreement provides for representation by the City of Rocklin on both the Greater Sacramento Board of Directors and the Greater Sacramento Economic Development Directors Taskforce (EDDT).
The City of Rocklin entered into six prior Economic Development Agreements with the Greater Sacramento Economic Council for FY 2015/16, FY 2016/17, FY 2017/18, FY 2018/19, FY 2019/2020 and FY 2020/2021. The annual payments under these prior agreements were the same (per capita) as the amount due under the proposed new agreement.
Pursuant to the proposed Economic Development Agreement, the City of Rocklin would agree to pay $27,700 for services to be provided by Greater Sacramento during the fiscal year ending on June 30, 2022. This amount is based on $0.40 per capita applied to the City of Rocklin’s population as reported in 2019 population estimates from the California Department of Finance Demographic Research Unit, which listed the City of Rocklin as having a population of 69,249. The total payment is unchanged from FY 2020/2021.