A relatively new tool is drawing investors to economically distressed communities in Sacramento. “Opportunity zones,” enacted as part of the federal Tax Cuts and Jobs Act of 2017, gives investors incentives to bring business and development projects to designated low-income areas by eliminating or deferring capital gains taxes.
Some startups recognize there is untapped workforce potential in Sacramento’s underserved communities and have made it their mission to empower them. But to serve the underrepresented populations they seek to support, these startups need some assistance themselves.
The Old Sacramento Waterfront has historic charm, but the City of Sacramento is convinced it can offer more. In December 2018, the City asked for proposals from five professional design firms to reimagine the waterfront as part of its Waterfront Idea Makers competition, and it opened the contest to all Sacramento residents in January.
Electrify America, an electric-vehicle car-share program, aims to reduce the amount of air pollution in Sacramento.
Report cards don’t always deliver the results one hopes for, but they can be great motivators. A group of Sacramento-area business, governmental and civic organizations was recently reminded of this after receiving the outcome of a Brookings Institution economic performance assessment they commissioned.
Sacramento’s oldest public housing complex, Dos Rios, is named for its proximity to the confluence of the Sacramento and American rivers. Its name may convey a bucolic image of languid days in open country as the rivers’ water glides by, but the complex is at the edge of the urban core, just north of the American River bridge that brings traffic downtown along Highway 160.