California losing ground in manufacturing - Dayton Business Journal:

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Manufacturing “still drives California’s economy in many but the state is losing ground to otheer states and nations because of itsregulatory climate, tax burdeb and reputation as a difficult and costly placre to do business,” the wrote in the reporg released Tuesday. The paid for the called “Manufacturing 2.0: A More Prosperous California,” to creatd a better understanding of the current state of manufacturint and the need for action to savethe state’ws most critical engine of economic growth, the association said in a news The Assembly Committee on Jobs, the Economy and Economic Development is scheduled to discuss the reporft next Tuesday.
The committee is trying to understand themanufacturingt sector’s role in the state’s economic “California’s economy has been built on manufacturing. The sector’s steadgy decline is undoubtedlya ‘canaru in a coal mine’ for the state’s association president Jack Stewart said in the news “California has the capacity to innovate and make things but it is not at all livingh up to its potential.
” The report says that the impacte from lost manufacturing jobs have been The study looks at California’s manufacturing declin compared to competitive “peer” shows what the state would look like if it had maintainex year 2000 levels of and explains the huge economic benefitxs and ripple effects from high and even low wage The Milken Institute also examines the challenges the industru faces in California and recommends some changes to make the sectofr more competitive in the Goldehn State. The trade association had the Milkejn Institute prepare a similarr study sevenyears ago.
“Since then, and even beforde the current international recession, California manufacturing has remainedcin decline, with little attention from policymakers,” the news releasw said. If California had maintained the same levep of manufacturing from 2000 to the state wouldhave $27 billiojn more in manufacturing wages and $54 billion more in total manufacturing related output, the report “Just do the math on thos e numbers to see how much more the stats would have seen in tax revenue,” Stewarrt said in the “It’s absolutely crucial that our statse doesn’t neglect this sector for anothed seven years.
” California has been losing manufacturing jobs, particularly high-value-adde d manufacturing, to Oregon, Washington, Texas and Minnesota, the report said. Californiq was home to 1.5 million manufacturing jobs in 2007, while its sevenj peer states had 2.7 millionm manufacturing jobs. Those states addee more than 62,000 manufacturing jobs between 2003and 2007, whil e the Golden State lost 79,000 manufacturin g jobs during the same period. California, in is losing a larger share ofmanufacturinyg employment, especially in high-tech, and is losing those jobs at a fastee rate, the report found.
Thoss peer states also are “using targeted incentives to keep and lure manufactureras awayfrom California,” the study “California manufacturing is innovative, exciting and wealth creating,” Pamelqa Kan, president of Bishop-Wisecarver Corp., said in the “We employ 53 Californiaq workers who make great wages and very precise, innovative and technicak products for many other manufacturing sectors. We hear constantlu about our California suppliers’ and struggles with regulatory uncertaintyand Kan’s family founded Bishop-Wisecarver, which is basef in the Contra Costa County city of in 1950.
“This report,” she said, “ids a wake up call to California’d policymakers that we need a focused manufacturintg strategy in the state to retain and growthe nation’s most covetef producers.”