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SOUTH LAKE TAHOE — It’s been 21 years since the first Tahoe Summit. Since then, $2 Billion in federal, state and private funds has been collected and spent on keeping Lake Tahoe blue. “We’ve completed more than 500 improvement and restorations projects,” Senator Diane Feinstein, D-California, said. “One hundred thirty-nine are underway now.” But now…
The economy in the greater Sacramento area is booming, and for good reason.
The most recent census published by the U.S. Census Bureau shows that Sacramento county had the highest rate of employment growth between 2012 and 2013 when compared with the 50 largest counties in the United States. The growth rate was found to be 5.5 percent.
For comparison, Travis county, home to the fast-growing city of Austin, Texas, came in at second with a 4.9 percent growth rate in employment. Further, San Francisco county was attributed by the Bureau to have a growth rate of 3.8 percent over the same period.
And thanks to the hard-working spirit of people in the greater Sacramento area, the trend of growth has continued straight through to 2016 and beyond.
Numbers pouring in from this year show that recent job growth has reached 2.27 percent, up by almost a percent when compared to the national average. Looking forward, the expected 10-year future job growth is 38.34 percent, again above the national average forecast.
These numbers are all great, but the question remains. Why has the greater Sacramento area benefited from such high growth? Well, the answer lies in the entrepreneurs and business owners who’ve flocked to the region.
In fact, two local entrepreneurs in particular, Hardeep Gulati, the CEO of PowerSchool, and Sheri Atwood, CEO of SupportPay, show us that businesses large and small can flourish in Sacramento.