Economic warning flags
Loss of jobs
» California lost more than 300,000 manufacturing jobs since Jan. 2001 -- 16 percent of the industrial workforce.
More info
|
Loss of wages
» L.A. avg. household income down $2,800 since 1990.
» Prvt. sector hourly wages down 1 percent
Graphic
Opinion
|
Anti- business perception
» 57 percent percent of site selectors see California as one of the least favorable states to do business
Graphic
|
CA no longer on top
» 57 percent percent of site selectors see California as one of the least favorable states to do business
Graphic
|
Why this is happening
Costs in CA are highest in West
» State costs 32 percent more to do business than in the rest of the country Graphic
More info
|
Wage burden increasing
» Unemployment insurance costs:Up $4.5 billion
» Work Comp costs: $10 billion in increases over the next three years
Graphic
|
Electricity costs increasing
» $4.5 billion in new costs for business
Graphic
|
Tax burden increasing
» 3.8 percent increase over the last ten years
Graphic
|
Manufacturing Matters
California's Performance and Prospects and The Economic Impact of a Sales Tax Reduction on Manufacturing Equipment
Prepared by the Milken Institute for the California Manufacturers & Technology Association
» Press release
» Executive summary
» Full report (pdf)
» Companion study (pdf) The Economic Impact of a Sales Tax Reduction on Manufacturing Equipment
|
|
Manufacturing Summits
Employment Report, Business Casualties
2003 Issues Advocacy:
The next legislative session will be overshadowed by big deficits between state revenues and state spending. Here is a list of CMTA's concentrated efforts to break down the barriers to a healthier business climate:
Tax
» Continue to advocate the benefits of a sales tax reduction on manufacturing and telecommunications equipment.
» Oppose any reduction, suspension, or elimination of the MIC.
» Fend off other attempts to increase taxes on business through the Personal Income Tax, Sales Tax, or Property Tax.
Electricity rates, customer choice
» Continue to advocate for a reallocation of rates and direct access benefits. Alleged market abuses by wholesale generators could impede efforts for a competitve market
Environment
» Streamline regulation of hazardous consumer product wastes to relieve political pressure for product-specific front end fees.
Workers' compensation reform
» Push for offsets and reductions in the recently passsed Workers' Compensation reform law.
Corporate confidentiality
» Fight an attempt to both amend existing law and expand plaintiffs' attorneys ability to discover the research, business plans, and trade secrets of California companies.
|