Sacramento’s local economy, long-battered by cut-backs in the governmental sector and construction trades, is poised for a modest improvement in 2013, according to a new report.
The Sacramento Business Review, a group made up of more than 180 regional investment professionals and academics, released a study which points to growth in the local retail sector, marginal increases in government spending, and new housing development construction.
While the future appears a little more rosy than before, we’re not out of the woods yet, experts warn.
“The bad news is, we are still, we are not at the statewide average and we are not at the nationwide average in terms of economic recovery,” says Sanjay Varshney, Business Dean at Sacramento State.
You can read the entire report for yourself below.