A new initiative has taken hold in the effort to create real and intelligent remedies that will attract capital, generate jobs and encourage sustainable communities all over California. This initiative is the California Economic Summit which aims to advance regions-driven solutions that promote economic, social and environmental progress throughout California. On May 11, 2012, the California Stewardship Network, an alliance promoting economic vitality and California Forward, a bipartisan good government reform effort to improve performance and democracy, hosted the first California Economic Summit: Thriving Regions Lead to a Thriving State.
The Summit connected regional and state leaders to develop a shared agenda to generate jobs and improve regional competitiveness. Leading up to the Summit event, regional forums were held around the state to identify economic opportunities and set priorities for state and regional action. The Summit brought together state, regional and community champions to collaborate and adopt initiatives for fueling job creation and creating a stronger economy.
A round of regional economic forums were held in the spring to kick the year’s efforts off and provide valuable input for the Second Annual California Economic Summit, which took place in Los Angeles on Nov. 7-8, 2013.
California’s economy, like the state itself, is diverse and dynamic. The regions in this state have different economic “drivers.” Recognizing all those different elements is critical to developing sensible regional economic development strategies that benefit the overall California economy. The 2013 Summit brought together more than 450 business, labor, government, and nonprofit leaders from across the state to champion an integrated economic vitality strategy for California. The major takeaways from the meeting included the following:
- Summit participants concluded the twin pillars of immediate job creation and long-term competitiveness for California are:
- Investing in people, infrastructure and innovation in creative ways to prepare our state and our regions to compete in the 21st century global economy
- Streamlining our complex regulatory processes to reduce cost of doing business while maintaining our environmental standards.
- The Summit developed seven Action Teams to tackle the Signature Initiatives for the year:
Working at a regional scale in a coordinated approach allows us to leverage our unique assets, sync up various efforts and shared goals, and maximize public and private talent to pursue and achieve a revitalized California.
Read the 2013 California Economic Summit Playbook here.