Media Sources Available: Sequestration Cuts to Defense Will Hit California Hard over the Next Eight Years According to Economic Impact Study
Representatives from the Southern California Leadership Council and the Southwest Defense Alliance are available to discuss the results of a joint study showing the impacts on California of the sequestration mandated cuts.
Among the findings:
- State will lose 336,000 defense-related jobs and $21 billion in economic output due to the combination of previously mandated defense cuts ($7 billion) and the new sequestration cuts ($4 billion).
- From 2005 through 2009 an average of one million jobs were tied to national defense spending in California – more jobs than in the entire Silicon Valley. Over that period $600 billion in increased economic output was generated plus $12 billion in cumulative state taxes.
For copy of study, “The Economic Impact of National Defense Sequestration on the Southwest Region,” http://socallc.org/wp-content/uploads/2012/11/Southwest-Defense-Alliance-2012-Final-Report.pdf
Media sources available for comment:
Governor Pete Wilson and other members of the Southern California Leadership Council
Major General Dennis Kenneally and other members of the Southwest Defense Alliance
To arrange an interview please contact: Karen Diehl, 310.473.8090 or email@example.com
Southern California Leadership Council