Create California jobs through efficient, effective regulations and renewed commitment to economic development
Today, in an open letter to the Legislature, more than 300 companies will support a campaign to expand the Legislature’s oversight of California’s government agencies and make the state more attractive to new investment and jobs. The employer community will announce a bipartisan agenda to ensure lawmakers have the independent economic analysis they need to make job creation a priority. Senators Rod Wright and Bob Dutton will join with representatives of the coalition in the Capitol at 1:30 p.m. to discuss the regulatory and economic development proposals.
We must understand the impact new rules and regulations will have on job creation. Recent trends, resulting in unaccecptable job and wage loss for California workers are alarming and unsustainable. Site Selection magazine has released new research showing, over the last three years, California averaged only 3.7 new or expanded industrial facilities per 1 million people, while the national average was 28.7. These results coupled with the fourth worst unemployment rate in the nation and an eroding manufacturing base requires a new perspective on California’s regulatory and economic development priorities.