More than 1 million Bay Area workers earn less than $18 an hour.
The Bay Area Regional Prosperity Plan is an effort to help low- and middle-income workers, as well as high earners, benefit from the region’s economic growth.
The three-year initiative addresses key issues identified during development of Plan Bay Area:
- Job opportunities and upward mobility for low- and middle-income workers
- Availability of affordable housing near transit
- Potential displacement of residents in some gentrifying neighborhoods
These issues align with the Regional Prosperity Plan’s three main areas of focus:
- Economic Prosperity Initiative — to expand economic opportunities for low- and moderate-income workers
- Housing Initiative — to promote housing affordability in areas served by high-frequency transit and stabilize low-income neighborhoods as new investments raise property values
- Equity Initiative — to engage the residents of disadvantaged communities in implementing the Prosperity Plan
The Bay Area Regional Prosperity Plan is led by MTC and the Association of Bay Area Governments, and funded through a $5 million grant from HUD’s Sustainable Communities Development Program.
Development of the Prosperity Plan is overseen by a steering committee that includes MTC commissioners, ABAG board members, and representatives from community-based organizations, nonprofit organizations and others.
The Economic Prosperity Strategy developed as part of the Bay Area Regional Prosperity Plan proposes 10 strategies to achieve three main goals:
- Strengthen career pathways to middle-class jobs
- Grow the economy with a focus on middle-wage work
- Improve conditions for workers in lower-wage jobs
Our strategy was developed through a year-long process that included:
- Participation with business and labor groups
- Private citizens
- City and county governments
- Local and regional economic development agencies
- Workforce investment boards
- Community colleges and transit agencies