Viewing blog posts written by Gino DiCaro


Slight downtick in MFG jobs, along with U.S., but CA still lags the country

Posted by Gino DiCaro, VP, Communications on Oct. 16, 2015

There was a slight downtick in California manufacturing job growth in September, which tracked with the national numbers too. Still though, California lags the country since 2010 and the end of the recession. California is up 2.0 percent in manufacturing jobs while the U.S. is up 7.4 percent.

 





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Turn CA venture capital advantage into seeds of growth for MFG

Posted by Gino DiCaro, VP, Communications on June 19, 2015

California still attracts a high volume of venture capital (VC) but that money is not reaching the middle class.  We compared California's percentage of national VC and manufacturing investments over the past five years and the data shows there is a large decline in investment in California once companies get to the manufacturing stage of their products. These could be high wage opportunities for our middle class.

California would have an easier task turning early VC dollars into manufacturing scale ups and jobs if we created a more predictable regulatory environment with less litigation and affordable energy.

(Click image for PDF)

Venture Capital and Investments since 2010





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Manufacturing wage growth fuels many middle class families

Posted by Gino DiCaro, VP, Communications on April 17, 2015

Today we learned that California gained 4,300 manufacturing jobs in March. We all understand that this sector's growth means more opportunities for our working middle class, the retention of critical technology and innovation, and tremendoous ripple effects in our economy. 

California must keep up the fight to retain and attract manufacturing.

This week we looked at sector wage growth adjusted for inflation since 1990. California manufacturing wages have not only kept up with the average increase with 39 percent growth but it is the second highest among California's five largest sectors.

 

 

 





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Michigan and Indiana top industrial growth

Posted by Gino DiCaro, VP, Communications on Aug. 28, 2014

Last week we looked at some of California's top sectors and their growth versus the country.  This week we're looking to see how California's manufacturing job growth compares to the top ten industrial states. Since the end of the recession in 2010 we were seventh among ten with 0.6 percent growth.  New York, Pennsylvania and California were at the unfortuante end of the growth chart.  On the flip side, Michigan and Indiana are doing something right, growing their manufactuirng bases by 23 and 16 percent in the same time period.  We also found that California has attracted only 1.1 percent of the country's entire manufacturing expansion and re-shoring renaissance since 2010.  Every Californian, along with CMTA and Governor Brown and his GoBiz economic development team, must Champion the cause of attracting new manufacturing investment to our state. 

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Industrial States MFG job growth chart





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California manufacturing still losing its fair share of growth

Posted by Gino DiCaro, VP, Communications on Oct. 25, 2012

After California's manufacturing sector lost another 5,900 jobs in September, we thought we'd update and get a fresh look at how California is stacking up against the rest of the nation.  Here are the updated numbers and charts.

34% of industrial base
lost since 2001


U.S. 4.22% growth
vs. CA -0.29


9th worst industrial
state since 2010


Not getting fair share
of investment


0.5% of U.S. expansions
since 2011


 




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