Governance & Finance

GOAL: The Summit will drive more integrated, outcome-oriented decision-making that sustains public and private investments.

THE RIGHT NEXT STEPS IN 2015

  • Identify adequate revenues to make investments in the state’s long-term prosperity—from workforce development to infrastructure and sustainable communities.
  • Align regional workforce development systems with industry, including manufacturers.
  • Integrate state climate adaptation efforts in next update of the AB 32 Scoping Plan to ensure sustainable land use, infrastructure development, and drought preparedness.
  • Increase data-driven decision-making at all levels of government. Expand use of open data to drive efficiencies, innovation, and create jobs in new sector

TEAMS

  • Workforce
  • Advancing Manufacturing
  • Infrastructure
  • Housing
  • Working Landscapes
  • Regulations
  • Capital

Tracking Progress

Governance: Align regional workforce development systems.

Finance: Distribute long-term funding into regional structure.
Task Force: The action team has been actively engaged throughout the year with the California Community College Board of Governors Task Force on Workforce, Job Creation, and a Strong Economy, a group charged with better aligning community colleges with the state’s regional economies. With several team members sitting on the Task Force, the Summit offered five ideas this summer for improving the group’s draft recommendations—many of them related to how regional industry clusters can play a bigger role in workforce training. The Task Force’s final recommendations are expected in September. Legislation: Summit partners continued to support implementation of a range of 2014 legislation aimed at aligning local workforce training systems, including AB 86 (adult education transition), SB 1022 (CSU & UC outcome data), and AB 2148 (workforce system dashboard). The Summit also made a presentation in March on the effectiveness of California’s economic and workforce policies to the Assembly Committee on Jobs, Economic Development, and the Economy (JEDE). After the hearing, the Summit and committee issued a joint statement announcing plans to collaborate on these issues, beginning with a JEDE hearing at the November 2015 Summit. Financing the Future: Complementing the Summit’s work with the Board of Governors Task Force, CA Fwd has produced a series of reports on how the state can develop a sustainable revenue system. The Financing the Future series identifies a range of options for more sustainably funding schools and workforce development, as well as infrastructure.
Governance: Expand use of multi-jurisdictional financing tools with access to public-private funding.

Finance: Develop public-private partnerships, as well as long-term revenue sources.
Focus on results: Summit partners continue to push state and local agencies to maximize existing resources in infrastructure investment. A coalition of groups pushing for increased transportation funding in the new special legislative session, for example, have highlighted several ideas for linking new revenues with performance and accountability criteria, along with reform and oversight of the state transportation agency. Build project pipeline: The Summit has been working closely with groups of infrastructure project proponents, local governments, and investors since the passage of SB 628 gave communities broad new authority to invest in local infrastructure projects. In a series of regional convenings, Summit partners have made presentations on how these authorities can be used and identified a range of potential projects that could benefit from them. The Summit is also working with the members of the California Transportation Commission, Southern California Association of Governments, and California Infrastructure & Economic Development Bank to explore how EIFDs can be used to support a long-neglected Southern California goods movement strategy. Long-term revenue: CA Fwd has produced a three-part series this year on how to develop a more sustainable revenue system to meet the infrastructure needs of California’s diverse regions. The Financing the Future series identifies a range of options for integrating funding sources and fiscal incentives with governance changes to provide communities with more flexibility to invest in infrastructure. In August, the team submitted a letter to the governor and legislative leaders highlighting these ideas—and urging lawmakers to consider them in the new special legislative session on transportation.
Governance: Promote housing production by expanding market incentives, removing regulatory barriers, encouraging effective local planning.

Finance: Advocate for local and state financing for affordable housing
Housing strategy: With the price of housing continuing to outpace wages, the Summit released a comprehensive plan in June for addressing California’s affordable housing crisis. The Summit offered its support for the Speaker of the Assembly’s housing package, urging lawmakers to expand resources for subsidized affordable housing—and to do everything in their power to expand development of affordable and market-rate housing close to transit and jobs. Among these ideas are new financing tools and expanded local incentives that will reduce land use barriers to building housing close to jobs.
Governance: Integrate land-use policy frameworks, encourage data-driven decisions.

Finance: Focus state and federal funding on integrated land-use policies.
Data-driven decisions: The Summit continues to push state leaders to expand the Rural-Urban Connections Strategy (RUCS) model statewide to encourage integration of natural and traditional infrastructure. (RUCS was listed as one of the top 25 programs in this year’s Innovations in Government Awards competition sponsored by Harvard University.) Summit partners are also working expand on successful ecosystem services efforts in Sonoma, Santa Cruz, Santa Clara counties. Land use and water: The Summit is working with the Department of Water Resources and California Water Commission to ensure the state’s new groundwater management system includes the right local agencies to be effective and is coordinated with existing regional water management efforts. Goods movement: The Summit is also contributing to the work of the Administration and Caltrans to develop a statewide goods movement strategic plan.
Governance: Push state to adopt open data policy to drive efficiencies, create jobs in this new sector.

Finance: Identify revenue-neutral approach to supporting open data efforts.
Legislation: The team has supported a bill (SB 573) that would require the state government to adopt an open data policy that will foster economic development, boost transparency and accountability, and reduce workloads by improving efficiency. The bill would create a new Chief Data Officer within state government who would be responsible for creating an open data portal by 2017.
Governance: Build public-private relationships that can support economic development.

Finance: Create map, navigator of capital intermediaries in each region, expand ""4th Sector"" & Pay for Success network.
Capital access: Summit is leading an effort to build statewide solutions to local capital market challenges through its Capital Action Plan, a strategy for expanding capital access in underserved regions that has been awarded a $42,000 grant from the United States Department of Agriculture. As part of the plan, the team will assess capital access challenges in the Inland Empire and convene the region’s capital markets to enhance lending and investment. While the USDA grant will allow this work to begin, the team has also applied for a contract with the U.S. Small Business Administration to expand the effort with partners in the Inland Empire, Ventura, and the Sierra regions. Fourth sector: The Summit hosted the Growing the Impact Economy Summit this spring in partnership with the Presidio Institute, the Fourth Sector Network, and Stanford University. The Summit brought financing experts together to explore new ways to work across the public, private, and nonprofit sectors in the so-called “fourth sector,” an emerging legal and organizational framework. The team developed a range of ideas for applying this approach to infrastructure investments, including efforts to develop business plans to support watershed-wide planning and stormwater capture systems, as well as transportation infrastructure.