Thursday, October 22, 2020
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To ‘V’ or Not to ‘V,’ That is the Question…

The COVID-19 induced recession of 2020 began with the ferocity of an unexpected tsunami smashing onto the shore—one month the economy was fine, the...

California Legislature Fumbles Chance to Boost Economic Recovery in State

The California Legislature fumbled a chance to boost economic recovery in the state by choosing the easy path: business-as-usual. Facing the three horsemen of the...

Poll Shows Strategies Voters Favor to Restore Economy

California voters are understandably anxious about the health and economic crises facing families and workplaces. The California Chamber of Commerce commissioned a brief survey...

How to Sabotage a Recovery: Raise Taxes

Even before COVID-19, many Californians were struggling with the high cost of living here. The long-time willingness of many Californians to pay the “sunshine...

Tourism Industry Preparing Itself for Recovery

The COVID-19 crisis has snuffed out 10 years of economic growth in California’s travel and tourism industry. The fallout from this crisis is not...

Manufacturing Leading Source of Jobs from Foreign Direct Investment

The first-ever California-specific report on foreign direct investment shows that manufacturing is the top source of employment from foreign-owned enterprises. Professional and business services, wholesale...

6 Things Legislature Can Do to Help State Recover from Economic Devastation

The COVID-19 pandemic has devastated the California economy, especially public-facing businesses. Entertainment—including motion pictures, television, live shows and theme parks—restaurants, accommodations and retail sectors...

Homelessness, Public Safety Top Concerns for State Voters

California voters are anxious. Reports of steady growth and low unemployment cheer political leaders, but voters are disturbed by decaying public order and an unaffordable...

Tourism Industry Jobs Form Big Piece of California’s Economic Foundation

Vacations to California’s natural wonders, cultural riches and exciting city attractions fuel stable employment and the world’s fifth largest economy.

One-Size-Fits-All Approach to Independent Contractors Ignores Value to Economy

A wholesale reclassification of workers would have significant consequences for many different sectors in the state’s economy, according to a recent study by Beacon...

Tourism Spending Grows for 7th Year in Row

California’s travel industry grew for the seventh consecutive year since the 2007–2009 recession, according to a May report prepared for Visit California and the...

California Travel Industry Continues to Grow

The California travel industry has been growing steadily since the recession, according to a just-released report prepared for Visit California. Total direct travel spending in...

State of the State Address Governor Keeps Focus on Budget Discipline

Paying for existing state commitments and continuing to add to state budget reserves were the twin highlights of the Governor’s State of the State...

California Must Address Our Uneven Recovery

Governor Jerry Brown has proposed a state budget brimming with new revenues, but carefully socking part of the surplus away for a future economic...

State Job Growth Outpaces Nation; Inland Lags Behind Tech-Driven Coastal Areas

The Federal Reserve finally moved forward with its plans to begin normalizing interest rates in mid-December by raising the federal funds rate by one-quarter...

Despite Drought, Challenges, California Continues Strong Economic Growth

California continues to enjoy strong overall economic growth, despite continuing challenges from the ongoing drought and global economic slowdown. Nonfarm employment has averaged a 3.0%...

Economic Analysis: Farmers, Water Districts Show Resilience in Handling Drought

California agriculture is showing more resilience to the state’s historic drought than many had anticipated, according to an analysis released this week. The report from...