Working Group Co-Chairs
The Economic Prosperity Strategy aims to expand economic opportunities for low- and moderate-income residents in the San Francisco Bay Area. The Economic Prosperity Working Group (EPWG) is charged with achieving this goal by collaborating with local and regional stakeholders, underserved communities and program partners, as well as the Housing Working Group and the Equity Collaborative to develop the Regional Economic Development Strategy (Strategy).
The Strategy will identify “industries of opportunity” and “places of opportunity” that can provide quality jobs to target populations. Industries of opportunity include sectors and businesses that can provide jobs with living wages and clearly defined career pathways for low- and moderate-income workers, and can be located close to transit or low-income communities. Places of opportunity are neighborhoods or districts that are well-positioned to benefit from expanded job opportunities, location of new businesses, and support for businesses that locate in or are already located in underserved communities.
The Strategy will address the following key objectives:
- Create a coordinated regional approach to expanding economic opportunities for low- and moderate-income residents in both transit-served job centers and in communities with high concentrations of unemployment and poverty;
- Engage local and regional partners, public and private sector stakeholders, low- and moderate-income communities, and the three project working groups in conducting the technical analysis and developing the regional strategy;
- Develop a strategy framework and action plan to inform local and regional economic development activities, workforce training and job placement programs, small business development initiatives, as well as regional transportation infrastructure investments;
- Inform the strategy framework and action plan with quantitative and qualitative research and analysis;
- Identify the types of potential partnerships and collaborations that can support expanded economic opportunities for low- and moderate-income residents;
- Identify opportunities for integrating Plan Bay Area in the regional strategy;
- Identify and prioritize the types of potential pilot projects that can be funded through the Regional Prosperity Plan sub-grants; and
- Develop recommendations for supporting implementation of the regional strategy beyond spring 2015.
Once the Strategy has been finalized, the EPWG will issue more than $1 million in grants on a competitive basis to implement four to six pilot projects. These pilot projects will inform any refinements or updates to the Strategy after spring 2015.