SCAG and the Southern California Leadership Council hosted the Fifth Annual Southern California Economic Recovery & Job Creation Summit on Thursday, December 4, 2014 at the Westin Bonaventure Hotel in Downtown Los Angeles. Building upon the discussions at SCAG’s 50 Years into the War on Poverty event held this past August, the Economic Summit will highlight opportunity areas for collaboration and pinpoint key economic strategies that will provide good-paying jobs and revitalize the economy.
The event highlighted reports from the region’s top economists, which noted a that there was a seismic shift that has taken place as lowpaying jobs with minimal education requirements have replaced higher-paying positions that once sustained Southern California’s middle class. To combat this downward trend, significant efforts must be made to overcome challenges to providing quality training and education for the region's workforce now, as well as in the future.
The 4th Annual Southern California Economic Recovery & Job Creation Summit was held on December 5, 2013 at the Omni Los Angeles Hotel in Downtown Los Angeles. Following the keynote address from California Senate President Pro Tempore Darrell Steinberg, SCAG's team of economists provided very sobering news regarding poverty (population in poverty increased by over 1.3 million over the last 20 years to 3.2 million today, and 1-in-4 children now are in poverty) and low educational attainment rates in the SCAG region compared to the rest of the state. These combined facts have led to economic experts forecasting an insufficient educated future workforce to sustain our region's and cities’ economic viability.
There was immense interest in the Economic Summit, which itself helped foster dialogue following the event. SCAG and the Southern California Leadership Council held another event, Fifty Years into the War on Poverty, on August 20, 2014 at the California Science Center, which brought together non-profit, faith-based, business, workforce, and economic development experts to discuss potential solutions to the region's poverty crisis.
Hundreds of business, labor, legislative, and locally elected officials convened in downtown Los Angeles at The Westin Bonaventure Hotel to discuss what action is required to Accelerate Southern California’s Economic Recovery. The Third Annual Economic Summit was jointly held by the Southern California Association of Governments and the Southern California Leadership Council.
The highlight of the Economic Summit was the unveiling of an economic analysis conducted by SCAG’s team of independent economic advisors, which looked at the economic impacts of accelerating project delivery, moving a 5-year tranche of the 2012–2035 Regional Transportation Plan/Sustainable Communities Strategy forward 5 years.
By Larry McCallon
The Sun - San Bernardino and the Inland Empire
Over 350 leaders attended the Transportation, Sustainability & Economic Recovery Summit on December 1, 2011 at the Wilshire Grand Hotel in Downtown Los Angeles. The Summit featured the release of the Draft 2012-2035 Regional Transportation Plan/Sustainable Communities Strategy (RTP/SCS) for public review and comment. The Draft RTP/SCS presented for the first time a plan that linked transportation and land use planning, which was the culmination of over two years of outreach and input from throughout the SCAG region.
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