California Economic Growth - 2008 Edition

The 2008 edition of California Economic Growth contains the following new features:

• New state and regional job projections to 2017
• New update on housing market outlook
• New detailed industry history and projections
• New national population, job and occupational projections
• New short-term economic outlook for 2008 and 2009
• New Opportunities and Challenges chapter
  

California County Projections - 2007

• CCSCE's year-end economic update with the latest outlook for 2008 and 2009
• An analysis of California's housing markets - how long a correction? What do demographic trends mean for the location of new housing?
• The latest historical data on population, housing, income and taxable sales including 2006 estimates of county median household income and poverty

• Workforce investment will be increasingly important for maintaining economic prosperity
  in California.
• Workforce investment can best meet the needs of workers and employers by focusing on move-up strategies and career ladder development.
• New and innovative workforce partnerships
  are the key to success.
• Workforce partnerships should focus on 1) regional labor markets, 2) specific industry opportunities, 3) significant private sector involvement and 4) a key role for community colleges.
• California's workforce investment strategy should be universal, providing opportunities to all workers, but a good starting focus is on the working poor.

• The state's infrastructure deficits hurt our economy and quality of life.
• Infrastructure investment is a partnership involving federal, state, regional and local public agencies as well as the private sector.
• The state government is a key infrastructure partner in terms of planning and coordination.
• Future growth is an important determinant of infrastructure needs but California would have a serious infrastructure deficit even if job and population growth slow.
• With a $1 trillion+ economy, California can afford to fund infrastructure investments that improve our economy, environment and social equity.

• Regional perspectives are required for solving many of California's land use challenges.
• Higher densities in California's urban regions are necessary to house projected job and population growth.
• Public investment is required to support smart land use planning - particularly in urban centers.
• Fiscal reform is essential because current fiscal rules give the wrong land use planning incentives.
• Smart land use planning must address equity considerations.