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| For Immediate Release August 21, 2002 |
Unprecedented Economic Analysis Detailing Manufacturing's Importance To Be Released Tomorrow
Sacramento, CA- - Tomorrow at 10:00 a.m., the California Manufacturers & Technology Association and the Milken Institute will release a groundbreaking economic analysis. Entitled "Manufacturing Matters: California's Performance and Prospects" the report details:
-- Manufacturing's importance to the state
-- The dangers facing the industry
-- A call to action for state leaders
The report's findings include:
-- California's costs are 32 percent higher than the national average
-- California is the most expensive industrial state in which to do business
-- A single California manufacturing job creates three additional jobs
-- A five-cent sales tax reduction on manufacturing equipment will create an average of 50,000 new jobs and generate $44 million in new state revenue every year for 10 years
Following the report's release will be an 11:00 am media conference call with CMTA president Jack M. Stewart and the Milken Institute's Ross DeVol.
-- 10:00 a.m. - Release of Report
-- 11:00 a.m. - Media Conference Call
1-888-727-8686 |
9991143 |
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