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The Agenda for Economic Recovery
Key Points:
- We need a proactive strategy to stimulate job creation.
- Our state should facilitate growth in emerging business
sectors.
- Businesses need to know that the conditions in California
are right for success.
Develop an Economic Growth Strategy
We can not expect our economy to rebound on its own.
Like any successful business California needs a strategic
plan that provides checks and balances to ensure that
our economy is growing.
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Key Points:
- Our state needs an aggressive sales campaign.
- We need to package statewide incentives to attract
new companies.
- California needs to stand out when competing among
other states for federal funds.
Drive Business Investment and Retention
California needs to market and promote itself -- we can no longer afford to lose businesses to other
states. We need a plan for attracting new projects
and retaining our companies.
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Key Points:
- Does the state program cost or create jobs?
- What are the alternatives if a program negatively impacts
the economy?
- Will the program increase red tape or will it make
regulatory processes faster for business?
Require an Assessment of Economic Impacts
Is government suppressing or encouraging economic growth?
Currently, we don’t know the answer as we are not evaluating the impact
of the state’s policies and regulations on our economy.
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Key Points:
- Indiana’s Governor created a new office to monitor the return
on investment for each budget item.
- Every state program has clear goals and performance
outcome measures.
- As a result the state enacted a balanced budget for
the first time in seven years.
Establish Accountability Metrics
Once we have a plan in place our state’s leaders need to ensure that there are uniform measurements
of success and that we are meeting our stated goals.
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