Sacramento Slowly Recovers from Recession
SacTV.com "Video of the Day" review by
Alex Cosper on Jan. 28, 2012
Sacramento's recession has been one of the worst in the nation of any major metropolitan area.
It consistently pops up in national news stories of the ten most financially damaged markets. The foreclosure signs
we've seen all over town on homes and commercial buidings both small and large give it away how bad economic
times have been since 2008's huge housing market collapse. But the capital city is showing signs of economic stability,
according to this informative Sac State Video.
College of Business Administration Dean Sanjay Varshney
shares statistics about the regional, national and international economic climate. He points out that one third
of the Sacramento region's jobs are government-based and until government budgets are straightened out
there remains risk of layoffs. The foreclosure rate remains high. Nevertherless, Varshney says the recession
bottomed in the first quarter of 2011 and a slow economic recovery is in progress, as small businesses have gained more access to
credit in the past year. Further evidence of Sacramento's economic recovery is a local jobs creation program mentioned in this
Sacramento Press article by Hal Silliman from August 2011. The Sacramento Metro Chamber announced its
plan to work with local business leaders and investors to create the "Next Economy" for the region.
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