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Coachella Valley 2011 Competitiveness?

Coachella Valley 2011 Competitiveness?. John Husing, Ph.D. Economics & Politics, Inc. After Losing 8.36 Million Jobs … U.S. Job Creation Is Crawling Back. +23.1%. Pattern of Likely Recovery. x. x. . U. V.

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Coachella Valley 2011 Competitiveness?

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  1. Coachella Valley 2011Competitiveness? John Husing, Ph.D. Economics & Politics, Inc.

  2. After Losing 8.36 Million Jobs …U.S. Job Creation Is Crawling Back +23.1%

  3. Pattern of Likely Recovery x x  U V

  4. Fear Causing Consumers Confidence To Dive Again

  5. So. CA Job Change, 1991-2011e +4.2% -488,700 -794,400 -9.2%

  6. Inland Empire Job Change, 1984-2011e -0.6% +20,600 -167,900 -13.0%

  7. Coachella Valley, Job Changes -1,879 -14,121 -13.0%

  8. 2nd Worst National Unemployment Rate

  9. What About the Future? … Look At Competitiveness

  10. Labor Cost: 6th Lowest of 9 Markets

  11. Labor Force Quality: 8th Lowest of 9 Markets

  12. Office Space Cost: 5th Lowest of 9 Markets

  13. Industrial Space Cost: Lowest of 9 Markets

  14. Natural Gas: 3rd Lowest of 9 Markets

  15. Electrical CostHighest of 9 Markets

  16. Home Prices8th Lowest of 9 MarketsIndio 5th Lowest of 9 Markets

  17. Water Surprisingly Inexpensive

  18. State Taxes 2nd Highest Highest 2nd Highest Highest Highest Highest

  19. State Regulatory Environment Policy Conflict: Environment vs. Jobs

  20. Public Health Blue Collar Sectors Bring Rising Asthma & CancerRisk From Airborne Toxics

  21. Social Justice Blue Collar Sectors Hurt Modest Income Families Living Near Factories, Rail Yards, Ports, Freeways

  22. California Solution Single Issue Regulatory Agencies CA Air Resources Board South Coast Air Quality Management District CA Environmental Protection Agency CA Water Resources Control Board & More

  23. Two Results 1. Air Quality Is Improving

  24. 2. Downward Pressure On Blue Collar Jobs Blue CollarWork Is Much of Our Workforce’s Best Chance To Reach The Middle Class

  25. Few Training Barriers To Beginning Employment Mining ($96,996) Blue Collar Manufacturing ($47,933) Blue Collar Logistics ($46,665) Blue Collar Wholesale Trade ($43,492) MedianBlue Collar Construction ($41,453) Blue Collar Retail Trade ($28,840) Gaming ($28,385) Hotel/Motel ($24,019) Agriculture ($22,793) Eating & Drinking ($15,132) $13,000 Gap

  26. Results Of Job Suppression • Unemployment Higher Than It Needs To Be • Underemployment A Constant Difficulty • Lack of Access to Jobs Leading to the Middle Class • Health Issues of Poverty • Divorce • Spousal Abuse • Drug & Alcohol Abuse • Suicide • Lack of Timely Medical Care Public Health Issues!

  27. Suppressing Blue Collar Jobs Is Also A Social Justice Issue Over 60% Of These Populations Also Stopped Their Educations With High School or Less Schooling

  28. Public Policy Dilemma Lack of Blue Collar Jobs & Poverty Are Health & Social Justice Issues Clean Air, Asthma & Cancer Are Health & Social Justice Issues

  29. After Years Of Focus onConcentrating Solely On The Environment Job Creation Is Our Forgotten Priority!

  30. Competitiveness Coachella Valley C California F-

  31. Gold Mine Theory Secondary Tier Primary Tier

  32. Economic Base Grades • Competitiveness D thanks to CA • Construction • Hotels & Conventions • Tourism • Tourist Shoppers • Agriculture • Clean Tech • Creative Arts • Distribution • Retirees • Health Care • Manufacturing

  33. Existing Homes Sales Remain Strong … Thanks To Short Sales/ Foreclosures

  34. New Homes Sales Headed For A Record in 2011 … Thanks To Short Sales/ Foreclosures

  35. Existing Home Prices Stable Between 2002 & 2003 Level

  36. New Home Price Back To 2004Level … Well Above Existing Homes

  37. Foreclosures Issue 1,086,305 Homes In Inland Empire 35.4% All Homes

  38. Assessed Valuation … Next Move Is UP?

  39. Soaring CV Housing AffordabilitySets A Record & Drives Demand 64% 14%

  40. Competitive Housing Prices

  41. Economic Base Grades • Competitiveness D thanks to CA • ConstructionD- • Hotels & Conventions • Tourism • Tourist Shoppers • Agriculture • Clean Tech • Creative Arts • Distribution • Retirees • Health Care • Manufacturing

  42. Hotel Rates, Coming Back! 2nd quarter 2011 Coachella Valley hotel occupancy up 14.8% Average room rate up 5.4% Palm Springs Desert Community Convention Bureau Corporate Meetings & Conventions Coming Back Labor Day hotel occupancy is 25% higher than 2010 Wheeler’s Desert Letter

  43. Airport Volume Flat Need More Flights To Compete With Phoenix-Scottsdale

  44. Increased Tourist Options: Thermal Motor Sports Park

  45. Retail Sales … Stronger This Year!

  46. Economic Base Grades • Competitiveness D thanks to CA • Construction D- • Hotels & Conventions C+ • Tourism C+ • Tourist Shoppers C • Agriculture • Clean Tech • Creative Arts • Distribution • Retirees • Health Care • Manufacturing

  47. High Value Crops

  48. Agricultural Production: A Record

  49. Economic Base Grades • Competitiveness D thanks to CA • Construction D- • Hotels & Conventions C+ • Tourism C+ • Tourist Shoppers C • AgricultureA • Clean Tech • Creative Arts • Distribution • Health Care • Retirees • Manufacturing

  50. Clean Energy Initiatives Demand Property Assessed Clean Energy Financing (PACE) Palm Desert Municipal Program AB 811 Net Metering Development Skill Training To Work In the Industry Electric Vehicle Production

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