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: County Insights