(From Press Releases)
In a recent editorial, the Sacramento Bee endorsed Yes on Measure A and the Nishi Gateway. The Bee’s editorial board urged voters to “approve Measure A, clearing way for desperately needed R&D space and housing.”
The Bee noted that the Nishi Gateway Innovation Park “will add research and development space for businesses and 650 units of desperately needed housing” and would “generate crucial revenue.”
You can read the full endorsement here.
The Sacramento Bee recognizes that Davis’s lack of sufficient and appropriate research and development space and scarcity of housing has prevented our city from reaching its full potential. In October 2015, UC Davis published an article reporting that the University had “enabled 13 startup companies in the last fiscal year.” However, only 4 of those companies reported by the University are currently based out of Davis.
With 325,000 square feet of research and development space, Nishi is specifically designed to convert the ideas hatched by creative minds at UC Davis into businesses that can thrive in the City of Davis.
With a vacancy rate of 0.3%, Davis has one of the most constricted rental housing markets in the nation, driving up rents for everyone. Nishi will provide 650 efficient multi-family units within walking distance of campus and downtown to address the city’s alarmingly low rental-vacancy rate.
Business Community Rallies in Support of Measure A
The campaign for Measure A is in high gear, and we’ve been overwhelmed by the support we’re receiving from the Davis business community. We’re proud to be endorsed by Davis’s two leading business organizations: the Davis Chamber of Commerce and Davis Downtown Business Association. They join more than 200 public endorsers in the business community who understand our community’s need for a new innovation park at the nexus of downtown and the campus..
Business leaders in Davis support Measure A, because it will create business opportunities and support the quality of life that defines Davis. Through the Nishi Gateway, Measure A would provide our city with 325,000 square feet of desperately needed research and development space to attract new small businesses, particularly businesses that spring out of the world-class research being conducted at UC Davis.
Last year, 13 new businesses were founded based on technology discovered at UC Davis, but nine had to leave our city because of insufficient R&D space. This shortage of lab space is robbing our community of jobs and revenue and leaving the next generation of entrepreneurs no choice but to look elsewhere.
By passing Measure A, Davis can create 1,500 jobs and bring almost $2 million to support city services and our schools. Between the residents and workers at Nishi, the downtown businesses a short walk away will see a surge in new customers and new opportunities to grow. The $385 million in annual economic activity that Measure A brings to Davis is dispersed throughout our city.
Again, if retaining small businesses and helping our economy grow is something you support, please let your friends know by liking us on Facebook.