The U.S. has caught up to California in manufacturing GDP growthPosted by Gino DiCaro, Vice President, Communications on June 22, 2011
You'll often hear that California does just as well as the rest of the country in manufacturing growth. This is currently true. Unfortunately this is a substantial decline from our past.
Over the last four decades, the United States manufacturing gross domestic product (GDP) growth has caught up to California's manufacturing GDP growth. In the 1970's we outpaced the country with 157 percent growth while the U.S. grew by 126 percent. In our most recent decade California's percentage growth was 24 percent, while the U.S. growth was 21 percent.
For this and many other reasons, CMTA is hosting, along with Lt. Governor Gavin Newsom and California Correctional Peace Officers, a June 29 Summit to understand different visions for our economy and how manufacturing fits into our future overall growth. Don't miss it: http://cmta.net/conference.php?event_id=684
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