Home » News » News » Report: California is Losing Manufacturing Jobs
Report: California is Losing Manufacturing Jobs
Submitted on:
06.30.2009
According to a
report
from the
Milken Institute
,
Manufacturing 2.0: A More Prosperous California, California is losing the battle with other states in retaining and attracting manufacturing jobs for the life sciences industry. Manufacturing is viewed as a critical economic growth engine for California and is often overlooked by the community and policy makers. T
he
report revealed
California had 21 percent fewer manufacturing jobs in 2007 than in 2000. States including Arizona, Indiana, Kansas, Minnesota, Oregon, Texas and Washington have shown an increase of manufacturing jobs.
Reasons sited in the report
for California's decline include California's reputation for an unfriendly business climate, high tax rates, a restrictive regulatory climate and unsustainable government spending. The Milken Institute concludes that in or
der to keep California competitive, the state should establish a streamlining regulatory process that increases transparency and accountability, create a network of education, training, research and business incubation centers and launch campaigns that encourage Californians to pursue careers in the highly technical and highly paid manufacturing field.
Click here
to read Manufacturing 2.0: A More Prosperous California published by the Milken Institute.
CHI-Advancing California biomedical research and innovation
Back to News Items