Greater Sacramento Newsletter
November 2020
Recent news
Buffalo Market relocates headquarters from Bay Area to Greater Sacramento

Buffalo Market, an online farm-to-door delivery grocery store startup, will be moving its headquarters from the Bay Area to Greater Sacramento. The company is looking to add up to 400 jobs in the region within the next two years.

Learn more about the latest GSEC locate here and see additional coverage of the announcement below:
Plans for Aggie Square move forward

The Sacramento City Council unanimously passed a resolution of intention to establish the Aggie Square Enhanced Infrastructure Financing District (EIFD), a crucial step towards making the project economically viable. Aggie Square will go before the UC Board of Regents Nov. 17-19. If approved, construction is scheduled to begin in the first half of 2021. The developers for Aggie Square also announced that commercial real estate brokerage Cushman & Wakefield will handle office leasing for the project.

Learn more here and here.
GSEC locate in West Sacramento raises $2 million

Microgreen seed kit company and past GSEC locate Hamama has raised $2 million in funding. The company's CEO was also selected to be in the current cohort of FourthWave, a business accelerator for women entrepreneurs.

Education can fuel economic growth

Comstock’s highlighted our Digital Upskill Pilot Program in its November 2020 issue.

Allworth Financial set for growth

Just a week after a Canadian teachers' pension fund and a New York investment firm said they would buy a controlling interest in Allworth Financial, the company announced plans to buy Pathways Financial Partners, an Arizona-based financial planning firm.

Learn more here and here.
Featured job
Credit Analyst
Five Star Bank
Rancho Cordova, CA

Five Star Bank is seeking a Credit Analyst to:
  • Develop and analyze credit information pertaining to existing commercial real estate and other business loans
  • Complete annual reviews to ensure compliance with financial and other loan covenants
  • Prepare cash flow analyses and summaries
  • Present facts and offer opinions concerning credit worthiness

Programs and events
Greater Sacramento Virtual Annual Celebration
Dec. 3 at 4 p.m. | Virtual - Early bird ticket pricing ends today, Nov. 6!
This year's celebration will be chock-full of fun, interactive festivities including a pre-event virtual VIP Reception. During the reception, a mixologist will virtually teach you how to make two signature High West Whiskey cocktails, and a chef will talk you through the curated appetizer pairing, all from the comfort of your own home. You’ll enjoy the remainder of the program with a cocktail! VIP Ticket holder kits will be available for pick-up on the day of the event at the Kimpton Sawyer Hotel and will include:

  • All required tools and ingredients to make two High West Whiskey cocktails 
  • Appetizer pairing provided by the Kimpton Sawyer 
  • Additional swag and goodies 

Partner programs

Global Entrepreneurship Week
Date: Nov. 16-20
Host: Sacramento State Carlsen Center for Innovation & Entrepreneurship
Featured commercial real estate property
2795 2nd Street in Davis

Up to 32,775 square feet of available space with existing lab improvements. The building is located in the City of Davis’ research corridor, in close proximity to UC Davis. 

COVID-19 updates
Greater Sacramento Economic Forecast: November

In the past five months, the Greater Sacramento regional unemployment rate has trended downward. In September the rate was 8.7% compared to 9.2% in August and 11.7% in July. The region’s September unemployment rate falls in-between California’s rate of 10.8% and the national average of 7.7%. Combined employment in the region increased by 7,600 to 1,043,800 jobs.

COVID-19 resources