SCAG’s Economic Summit began in the wake of the Great Recession
as a convening to expand the region’s economic base and to
determine priorities for the region that help businesses, public
agencies, and communities improve economic vitality.
However, 2020 has brought increased recognition that improving
economic health and achieving equity will require broader
approaches that address social, economic, and environmental
factors that influence the economy in the wake of recent events,
including those related to the COVID-19 pandemic. Relatedly,
there are a growing number of emerging initiatives which provide
the building blocks to address systemic institutionalized racial
inequities. Many challenges remain to address racial disparity
within an inclusive economic development strategy.
This briefing book represents a first step toward a more
comprehensive framework for an inclusive economic recovery.
It is comprised of five parts: 1.) State of the SCAG Region
Economy & Outlook; 2.) Modeling the Economic Impacts of COVID-19
Through FY 2021; 3.) Centering Racial Equity as a Driver for
Economic Recovery; 4.) Conclusions & Next Steps; 5.) Appendix:
Download the Regional Briefing Book, December 2020