The inaugural Economic Summit was held on December 2, 2010 at the Wilshire Grand Hotel in Downtown Los Angeles. In partnership with the Southern California Leadership Council and other business leaders, SCAG conducted a successful economic summit attended by over 300 business and community leaders to review the information prepared by the late Jack Kyser, SCAG Chief Economic Advisor and his team of experts.
Economists were asked to compare the pre-recession to post-recession unemployment numbers in the region, State of California, and the United States. The purpose was to determine the number of jobs that would need to be created to return to peak level employment in each county.
The SCAG region was battered by the recession, with over 980,000 jobs lost from the pre-recession peak in 2007 to the trough in 2009.
The goal of the Summit was to identify and discuss next steps for immediate state partnership opportunities that will have the greatest impact on expediting job growth in Southern California.
· PRESENTATION: Southern California's Road to Economic Recovery