|
April 9, 2009 Gov. Schwarzenegger Discusses California's Economic Outlook in Inland Empire
|
|
Governor Arnold
Schwarzenegger delivered the keynote speech at the Inland Empire’s Eleventh
Annual Economic Briefing today in Ontario. Speaking to business, government and
civic leaders, the Governor cited our state’s resiliency, mighty economic
advantages and the economic stimulus he fought for in this year’s budget while
painting a realistic, yet optimistic picture of California’s economic future.
“We are all
feeling the global recession here in California,” said Governor Schwarzenegger.
“Recovery is a long journey, but we are seeing some signs that we are on the
right path with the federal economic stimulus funds putting people to work and
a state budget that provides the opportunity for meaningful and real reform.”
Governor
Schwarzenegger and his administration are working around the clock to ensure
that California captures every single dollar from the American Recovery and
Reinvestment Act (Recovery Act) to create jobs and get our economy back on
track. Already the Governor created the California Recovery Task Force to track, seize and ensure effective, accountable use of stimulus dollars,
launched www.recovery.ca.gov to disseminate information and ensure transparency, and appointed a
first-in-the-nation Inspector
General to act as a watchdog over the Recovery Act funds. Most
recently, the California Recovery Task Force yesterday announced $415 million in Recovery Act funds to assist unemployed Californians in job-training and finding new jobs.
The
Governor also pushed for economic stimulus at the state level, ensuring that
powerful job-producing stimulus
measures such as public-private partnership and design-build authority, a $10,000
home-buyer tax credit, a “new hire” tax credit and an elective single sales
factor corporate income tax, among others, were included in the 2009-10 budget.
California’s
Inland Empire has been one of the areas hardest hit by the housing crisis, but
recent increases in home sales are an indication of better times to come. The
area’s home sales in February were up 42.5 percent compared to a year ago and
the rate of price decline is starting to level off.
The Governor has
taken aggressive action to confront the housing crisis, and his efforts helped
California achieve 136,000 loan
modifications in 2008.
Below are just some of the actions Governor Schwarzenegger has
taken:
|
|
