Originally Posted by GrowinUp
That's what I was wanting to hear. I just wanted to see if you were thinking the same way. No fortune 100 -- wait, no fortune 500 companies BASED here. I believe Sac has the fan base to sell ou the games but no corporate sponsorships. That's what the city needs to focus on, which it never seems to do. They need to find a way to woo more large corporations who are considering moving their headquarters to set up shop here. I know it's a tall order, but it kills us.
You are correct, I didnt have time last night to double-check my facts -- but still '19' is nothing to sneeze about.
Well I think you guys make a good point. Petco (not a f500) and Qualcomm Inc., are both located in San Diego -hence the name of their ballpark and football stadium. But Los Angeles has many f500 and can’t get a NFL team -why?
It’s an interesting point about were our city’s focus should be. We have had our identify so wrapped up in state government that we seemed to have neglected everything else including finance. We need balance. How could the city woo more large corporations? And at what price?
Back in the 1990’s, when Joe Serna was mayor, the City of Sacramento made the decision to actively pursue Packard Bell. Sacramento provided many incentives (money/tax breaks) to them. Sacramento did succeeded it getting the electronics company here by providing the political clout and financial means to land the deal and pushing the Army to get the property (old Sacramento Army Depot) cleaned-up and ready to be reused. But Packard Bell’s fortunes turned, and in 1999, they shut down their Sacramento operation. Meanwhile, Sacramentians had paid $132 million for “necessary improvements”, and loaned Packard Bell $26 million to lure the company. How badly do we need a major sports team? Is it worth it?
We have lower costs than the Bay Area or Los Angeles and that means a lot. But we are in competition with out-of-state cities. The state could do more but for obvious reasons legislators try to keep the companies in their constituent’s hometown. It seems they’d rather lose it to an out-of-state competitor than an in-state one.
Image is not everything but it’s not nothing. The ones making the decisions do not see us as a potential HQ city. We have a good chance of wooing a fortune 500 company from the Bay Area and LA. if we work at up-marketing our city. In the late 1990’s I saw all these ads in Bay Area biz mag/papers from out-of-state cities trying to woo companies. Never did I see ad from Sacramento. I don’t know how effective those ad were but since Sacramento is a lot closer I can image we would have just as good of chance if not better.
One more thought is that we just don’t provide the amenities that the management and CEO’s want in a city. We must really work on increasing the arts, education, etc.