Business & Real Estate

SACTO members approve merger with CEO group

Members of SACTO have formally approved the economic development organization’s merger with an upstart group launched last year by Sacramento area chief executives. The merger will mean SACTO, which has been the region’s official economic development and business recruitment organization for 40 years, will give way to a new group called the Greater Sacramento Area Economic Council.

A majority of SACTO’s 368 corporate members approved the merger during a month-long mail balloting that was set to conclude late Monday, said Carolyn Becker, a spokeswoman for the Greater Sacramento Area Economic Council. The deal still needs approval from the California attorney general’s office before it becomes official.

Leaders of SACTO, the Sacramento Area Commerce and Trade Organization, agreed to the merger in November. The merged organization will take the Greater Sacramento Area Economic Council’s name and will occupy SACTO’s offices on Capitol Mall.

The new group last month hired its first CEO: Barry Broome, who runs a similar organization in Phoenix.

Call The Bee’s Dale Kasler, (916) 321-1066. Follow him on Twitter @dakasler.