For Release Saturday, April 6, 2013
Nationally, the failure of Congress and White House to negotiate a grand bargain has undermined the federal government’s ability to invest in rebuilding the economy or the middle class. As a result, it lurches from fiscal crisis to crisis.
Similarly, in the Bay Area, the inability of local governments, along with state and federal governments and others, to govern together undermines the region’s ability to compete globally and thrive locally. As a result it risks falling behind other regions in providing quality services such as transit, resolving pressing challenges such as rising sea levels, and investing in underused assets such as struggling families and businesses in distressed neighborhoods.
Joint Venture Silicon Valley drew a similar conclusion in its recent State of the Region Report. Silicon Valley is adding jobs, but income growth is uneven, youth disengagement is growing and all are concerned about the region’s capacity to maintain its reputation globally. In an analysis for the report, Egon Terplan concluded that “weak or ineffective regional governance” undermines the Bay Area’s ability to address crosscutting challenges that threaten its economic competitiveness.