California’s Competitiveness: A Regional Approach
June 7, 2023
by Maria Salinas
The Los Angeles Area Chamber of Commerce released a new study this week, titled, “California’s Competitiveness: A Regional Approach.” The report, published in cooperation with the Inland Empire Economic Partnership and through a grant provided by Bank of America, sheds light on why California should be optimistic about the future and alert to changes in business dynamics.
The report found that, as one of the largest economies in the world, California is home to a broad range of industries. We are a knowledge-generating economy, with vast regions and regional expertise. A one-size-fits-all approach will not work to empower regions, we need a strategy as dynamic as the regions within the state that fuels our economy.
Report highlights:
- California must develop an economic strategy that considers and supports regional differences.
- California must develop partnerships between higher education and industries which promote occupational upskilling to satisfy the demand for talent and skills from the local industry clusters interconnected with the rest of the world.
- California must build entrepreneurial infrastructure and support to attract new firms while lowering the barriers to entrepreneurship for its homegrown talent.
Read our press release here and view the full report. We are ready to collaborate and develop the strategies to grow with intent to create A Thriving Region for All.
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