video title: Sacramento Business Review 2012 Economic Outlook
video link: http://youtu.be/AidS4J9PP4Q
video source: SacStateVideo
uploaded on YouTube Jan. 23, 2012

more info: CSUS.edu
duration: 3:10 minutes

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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