California losing ground in manufacturing - Dayton Business Journal:

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Manufacturing “still drives California’s economy in many ways, but the state is losing ground to other statess and nations because of itsregulatory climate, tax burden and reputation as a difficult and costl y place to do business,” the wrote in the report releaser Tuesday. The paid for the called “Manufacturing 2.0: A More Prosperous California,” to create a better understanding of the currengt state of manufacturing and the need for actiomn to savethe state’s most critical engind of economic growth, the association said in a news The Assembly Committee on Jobs, the Economyy and Economic Development is scheduled to discuss the reportf next Tuesday.
The committee is tryin to understand themanufacturing sector’s role in the state’w economic recovery. “California’s economy has been built on The sector’s steady decline is undoubtedlya ‘canary in a coal for the state’s economy,” associatio president Jack Stewart said in the news release. “California has the capacityu to innovate and make things but it is not at all livinhg up toits potential.” The report says that the impactas from lost manufacturing jobs have been devastating.
The study looksx at California’s manufacturing decline compared tocompetitive “peer” states, shows what the statr would look like if it had maintained year 2000 levels of manufacturing, and explains the huge economidc benefits and ripple effects from high and even low wage The Milken Institute also examines the challengese the industry faces in California and recommends some changes to make the sectof more competitive in the Goldenb State. The trade association had the Milken Institute prepare a similaer study sevenyears ago.
“Since then, and even befor the current international California manufacturing has remained in with little attentionfrom policymakers,” the news release said. If Californiwa had maintained the same leveol of manufacturing from 2000 to the state wouldhave $27 billionj more in manufacturing wages and $54 billion more in totapl manufacturing related output, the report found. “Just do the math on thoses numbers to see how much more the state would have seen intax revenue,” Stewart said in the “It’s absolutely crucial that our state doesn’t neglec t this sector for another seven years.
” California has been losing manufacturing jobs, particularly high-value-added to Oregon, Washington, Texas and the report said. California was home to 1.5 milliomn manufacturing jobs in 2007, while its seveh peer states had 2.7 million manufacturing Those states added morethan 62,000 manufacturing jobs between 2003 and while the Golden State lost 79,000 manufacturiny jobs during the same period. California, in is losing a larger share of manufacturing especiallyin high-tech, and is losint those jobs at a faster rate, the report Those peer states also are “usinh targeted incentives to keep and lure manufacturers away from the study said.
“California manufacturing is innovative, exciting and wealth Pamela Kan, president of Bishop-Wisecarver Corp., said in the “We employ 53 California workers who make great wages and very innovative and technical products for many othe rmanufacturing sectors. We hear constantly abouf our California suppliers’ and clients’ struggles with regulatory uncertaintyand Kan’s family founded Bishop-Wisecarver, whic h is based in the Contra Costaa County city of Pittsburg, in 1950.
“This report,” she said, “is a wake up call to California’ s policymakers that we need a focused manufacturin g strategy in the state to retain and growthe nation’z most coveted producers.”