Inland Empire

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Slide1: 

WELCOME Inland Empire Regional Economic Vitality Conversation November 4, 2004 Made possible through generous support from Bank of America

Inland Empire 2004 …Opportunities & Challenges!: 

Inland Empire 2004 … Opportunities andamp; Challenges! John Husing, Ph.D. Economics andamp; Politics, Inc.

Where’s The Dirt?: 

Where’s The Dirt? 1. Affordable Housing andamp; Population Serving Jobs 2. Industrial Projects andamp; Blue Collar Jobs 3. Expensive Housing, Skilled Workers andamp; High Paying Jobs

Local Job Change 853,894, 1990-2004 … Inland Empire 39.5% of gain in Southern California’s growing areas.: 

Local Job Change 853,894, 1990-2004 … Inland Empire 39.5% of gain in Southern California’s growing areas.

IE Job Growth 2004 … Falling Short of: 

30,050 41,025 37,642 36,533 36,775 41,483 46,008 6,342 9,758 4,575 16,917 28,925 23,083 38,325 40,692 56,467 49,850 40,567 33,292 24,125 29,200 22,900 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004e 2004 YTD Source: CA Employment Development Department, Economics andamp; Politics, Inc. Inland Empire Job Growth Rate andamp; Forecast, 1984-2004 IE Job Growth 2004 … Falling Short of

Population As A State, 2003: 

Population As A State, 2003

Population Growth, 2000-2020!: 

Population Growth, 2000-2020! 12,757 5,610 4,401 1,677 1,588 1,334 1,313 1,213 1,207 1,070 1,060 California Texas Florida I. Emp. Georgia Washingto N. Carolin Arizona New York Virginia Riv. Co. Illinois New Jersey Source: U.S. Bureau of Census, Southern California Association of Governments (preliminary) Population Growth, 2000-2020 Inland Empire andamp; Top 11 States (000)

Total Personal Income As State, 2002Passed Iowa 21 States Have Less Income: 

Total Personal Income As State, 2002 Passed Iowa 21 States Have Less Income

Stage #1:Dirt: Population & Population Serving Job Growth: 

Stage #1: Dirt: Population andamp; Population Serving Job Growth

BUILD FREEWAYS & THEY’LL COME: 

BUILD FREEWAYS andamp; THEY’LL COME

2003-2004, Inland Empire captured a record 48.4% of Southern California’s New Home Market!: 

2003-2004, Inland Empire captured a record 48.4% of Southern California’s New Home Market!

Inland Empire Income Rank Falling: 

Inland Empire Income Rank Falling

No College Classes, 2000 SCAG 46.8% vs. 50.3% in Inland Areas: 

No College Classes, 2000 SCAG 46.8% vs. 50.3% in Inland Areas .

Stage #2Dirt: Blue Collar Jobs: 

Stage #2 Dirt: Blue Collar Jobs

Labor Cost Savings, 2003: 

Labor Cost Savings, 2003

Inland Empire Industrial Space: 32.0% of L.A. County: 

Inland Empire Industrial Space: 32.0% of L.A. County

BUT: Manufacturing Disappearing: 

BUT: Manufacturing Disappearing

3. Issue: Energy Cost: 

3. Issue: Energy Cost

4. Issue Workers Compensation: 

4. Issue Workers Compensation 5. Only State 8-Hour Day Not 40-Hour Week for Overtime 6. Only State Mandatory Family Leave

Issue 7. 16th Highest Home Prices of 138 U.S. Metropolitan Areas: 

Issue 7. 16th Highest Home Prices of 138 U.S. Metropolitan Areas

Looking Ahead: Huge Cargo Ships!: 

Looking Ahead: Huge Cargo Ships!

Needed: Expanded RR Track Grade Crossings Intermodal Yards Short Haul Rail: 

Needed: Expanded RR Track Grade Crossings Intermodal Yards Short Haul Rail Issue 8. State Help: A Financing Mechanism

Lane Separations: Cars & Trucks: 

Lane Separations: Cars andamp; Trucks Issue 8. Again State Help With A Financing Mechanism

ONT is now the only airport capable of becoming Southern California’s second major air gateway. : 

ONT is now the only airport capable of becoming Southern California’s second major air gateway.

Inland Air Cargo Due To Explode!: 

Inland Air Cargo Due To Explode!

Logistics A Strong New Blue Collar Sector: 

Logistics A Strong New Blue Collar Sector

Stage 3.-Factors Driving: High Paying WorkStarting NOW!: 

Stage 3.- Factors Driving: High Paying Work Starting NOW!

Affordability Even An Inland Issue: 

Affordability Even An Inland Issue

Issue 9: Housing Supply: 

Issue 9: Housing Supply Pricing Future Middle Class – Mostly Young, Blacks andamp; Hispanics - Out of Housing Market

2003 Median Incomes At/Near Beverly Hills, Including Several Cities much larger: 

2003 Median Incomes At/Near Beverly Hills, Including Several Cities much larger

Willing To Work For Less Not To Commute?: 

Willing To Work For Less Not To Commute?

Office Lease Costs, 2002: 

Office Lease Costs, 2002

Office Market, 20032nd Lowest U.S. Suburban Vacancy Rate: 

Office Market, 2003 2nd Lowest U.S. Suburban Vacancy Rate

Slide34: 

Inland Empire: Center of the Universe? State Needs To Create A Competitive Job Environment

Slide35: 

Contact: www.johnhusing.com

Economic Vitality Conversation: 

Economic Vitality Conversation Today’s Focus What state actions will have the most immediate positive impact on California’s economic recovery? What state actions will result in the most significant long-term improvement to California’s economic competitiveness and comparative advantage? How do we best structure an effective partnership between the regions and the state around economic strategy?

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