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Media Sources Available: Sequestration Cuts to Defense Will Hit California Hard over the Next Eight Years According to Economic Impact Study

LOS ANGELES--(BUSINESS WIRE)--

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 kdiehl@cswpr.com

Southern California Leadership Council
Karen Diehl
310.473.8090
kdiehl@cswpr.com

 

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