A Regional Approach to an Economic Strategy
July 14, 2023
by Maria Salinas
The Chamber’s study, “California’s Competitiveness: A Regional Approach,” competitiveness, we must take a regional approach and perspective to economic development. California excels in hosting high-productivity industry clusters such as Entertainment in Los Angeles, Information Technology in the Silicon Valley, Logistics in the Inland Empire, or Biomed in San Diego.
An economic strategy that capitalizes on regional expertise can be an integral part of planning for statewide growth. There is no “one-size-fits-all” policy for the different regions within the state. Economic policy must be tailored to meet each region’s needs in order to be effective.
California’s regions must leverage their assets to boldly compete. California can do so more effectively by connecting the dots between education, business and policy makers. This economic study provides the data, findings and recommendations not just for the Los Angeles region, but to all the region’s across the state.
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