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Economic Recovery & Job Creation Strategy

Header for Southern California Economic Recovery & Job Creation Strategy Section

With input from member cities and counties, public and private sector leaders, labor leaders, SCAG’s team of independent economic advisors consolidated the information from individual county reports to prepare the Southern California Economic Recovery & Job Creation Strategy, which included a common set of regional priorities that help businesses, public agencies, and communities improve their economic viability with immediate and long-term recommendations.

Phase 1

The Southern California Economic Recovery & Job Creation Strategy concentrates on expanding the region’s economic base to increase the flow of funds driving the area’s economy. It is based upon the region’s job creation needs given its unique competitive advantages and demographics. Several sectors emerge as crucial: international trade and logistics, film and related sectors, high tech and traditional manufacturing, construction, health care, and leisure industries. The aim is to create conditions encouraging job creation in these sectors in the immediate, short and longer terms as well as preserving the businesses in the region. Ultimately, the approach is to allow each city, county and sub-regional entity the flexibility to deal with those aspects of the strategy with which they are comfortable, while providing mechanisms allowing jurisdictions to cooperate for the good of Southern California. Fundamental to the strategy is the belief that stronger economic growth will help every community.

 

The Southern California Economic Recovery and Job Growth Strategy is not intended to duplicate, compete, or negatively impact local and county economic objectives, but rather to determine a common set of priorities for the region that helps businesses, public agencies, and communities improve their economic viability.

 

Objectives

 

  • Identify Southern California advantages for attracting economic development.

  • Preserve current key economic industries and encourage their continued economic viability.

  • Determine key industry and business sectors that present expanded investment potential.

  • Create incentives for more and new lasting businesses that create jobs (including growing region’s innovation growth potential).

  • Identify strategies for encouraging economically stronger communities within the region.

  • Identify strategies for encouraging small businesses to flourish.

  • Ensure incentives for skilled employees that can support businesses such as ensuring availability of education/training along with dissemination of such resources.

  • Identify strategies to connect people to good jobs.

 

Benefits of Working Together on a Regional Economic Strategy

 

  • Vital economic communities.

  • Meaningful employment.

  • Skilled and market paid workforce.

  • Additional business investment to grow local industries.

  • Improved livability for residents.

  • Reduced reliance on tax revenue to provide social service responsibilities due to higher employment rate.

 

Southern California Economic Recovery & Job Creation Strategy

 
Regional Economy Strategy and Data
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