Solano County Index of Economic & Community Progress
The County of Solano awarded a three-year contract to the Solano EDC to create and annually update the first Solano County Index of Economic and Community Progress as well as conduct the in-depth profiles of five Key Industry Clusters.
"This is a tremendous step forward in Solano County's collaborative effort to assist local communities and businesses in creating a baseline of data that will make future economic development decision making easier," said Scott Reynolds, Solano EDC chairman.
Solano EDC will contract with Doug Henton, president and co-founder of Collaborative Economics, the firm which originated the Index of Silicon Valley, to measure the economic strength and health of that community by providing an analytical foundation for decision making.
If you want to learn more about the Solano Index and Cluster Studies?
Watch this blog for updates provided by DOUG HENTON, President and Co-Founder of Collaborative Economics who will provide an overview and answer your questions and the Solano Index and cluster studies are published. Member events will highlight of include updates on the Solano Index over the next 3 years. Call Pat at 864-1855 to make sure your on the Solano EDC meeting and events mailing list and to make your reservation for these future events.
Sponsorship of Solano Index events are available by contacting Sandy Person at 707-864-1855 or sandy@solanoedc.org.
Solano EDC three-year contract includes the follow components:
· An annual Index which includes a unique set of economic, workforce, housing, education, transportation and related indicators that together tell the story of the County and its seven communities' growing role as a regional hub of innovation and opportunity.
· A Land Inventory and Absorption Study will identify all undeveloped parcels in the county that are zoned commercial and industrial. This study will identify the parcel readiness for development.
· Five key industry profiles will be created over the next three years. Each Cluster will provide a focus for meeting the twin challenges of economic growth and workforce investment. A target of opportunity, such as the biotechnology industry, can be export-oriented, population-driven, or represent an opportunity with career potential for local residents. This portfolio of clusters will enable the Solano EDC and local economic developers to more successfully target companies for expansion and growth.
Supervisor Michael Reagan, immediate past chair of the Solano County Board of Supervisors, said. "The commissioning of these reports demonstrates the County's commitment to attracting more quality jobs across the county. These tools will be a tremendous asset to the cities in their economic development efforts."
Last year Supervisor Reagan was the driving force behind the County hosting a series of three Economic Summits to create a collaborative Solano County economic development vision and a new role for the County in supporting existing countywide development efforts. Summit sponsors included the City and County Coordinating Council, Solano EDC, Solano Transportation Authority and the University of California, Davis.
"The collaborative leadership of the County cannot be stressed enough," said Michael Ammann, Solano EDC president.
About Me
- Sandy Person, President
- Founded in 1983 and known as SEDCORP, the Solano Economic Development Corporation is a collaboration of private and public investors that provides leadership for economic development marketing of Solano County and its seven growing cities: Benicia, Dixon, Fairfield, Rio Vista, Suisun City, Vacaville and Vallejo.