Tag Archives: Fab City

Sacramento Workers More Optimistic

With the new US President it seems a lot of workers in Sacramento are feeling optimistic.  They believe – according to a new report – that Trump will be “good for the regional economy.” And so far there is potential evidence of this already in the works.  According to San Francisco’s Federal Reserve Bank CEO and President, John C. Williams, there has already been a significant enhancement to Sacramento’s labor market, with an additional 120,000 jobs in the metro area since 2010, following the housing crash, recession and high unemployment rate.  Today unemployment stands at almost 5 percent (less than half of what it was back in 2010).

This optimism most definitely fits in with Sacramento City’s pledge last August to become a Fab City. This 50-year-commitment renders the city the first of its kind on the Pacific West Coast to honor the MIT-spearheaded proposal, the Fab City Initiative. This means (according to its description) it will be a “new urban model for locally productive and globally connected, self-sufficient cities.” If successful, Sacramento will create for itself a micro-economy that can be sustained locally, which will render it independent from economic challenges nationwide.

Citizens will be able to produce what they consume, focusing substantially more (if not completely) on its own home-grown food, etc., enhancing its very own economy.