Economic Prosperity Strategy
Posted October 1, 2014
Download the summary fact sheet
Download the full Economic Prosperity Strategy
The 18-month, multi-stakeholder project known as the Economic Prosperity Strategy for the Bay Area, released in October 2014, provides both a sobering look at the Bay Area’s current economic trajectory and an in-depth analysis of the new strategies and approaches needed to bend the curve.
Its technical analysis reveals that the Bay Area’s current growth pattern is on track to increase inequality and tighten the “middle class squeeze” by generating far too few middle-wage jobs.
Tackling this challenge will require a comprehensive region-wide approach aimed at three interrelated goals: raising the floor by improving the quality of low-wage work; expanding the middle through new economic development strategies that increase the proportion of middle-wage jobs; and increasing access to economic opportunity through education, workforce training and hiring practices.
The Economic Prosperity Strategy identifies a set of 10 high-priority strategies needed for the Bay Area to bend the curve: away from the current path of increasing inequality and associated cost-of-living, transportation and housing affordability challenges, and towards a sustainable and inclusive economic growth pattern.Tweet
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