The most concrete characteristic of a recession is that demand disappears for some of the commodities produced by workers and unwanted unemployment is imposed on a large segment of the labor force. With growing job losses in the current recession it is important to know, whose boat falls when the economic tide recedes?
Purpose The South Bay Economic Adjustment Strategy has been prepared to help elected officials, public sector staff, business leaders, and citizens take coordinated, effective action to recover jobs lost because of defense cutbacks. The strategy has been prepared under a grant from the Office of Economic Adjustment in the Department of Defense that was administered by Los Angeles County’s Community Development Commission.
SYNOPSIS Overview The City of Long Beach and other centers of aerospace production that reaped the rewards of the 1980s defense-spending boom must now confront the realities of restructuring. Since World War II, the Douglas Aircraft plant made Long Beach an important center of the US aerospace industry and dominated the local economy.
SYNOPSIS Purpose The 1994 Business Survey was initiated by the City of Long Beach to guide and strengthen its business outreach and retention efforts. Technical guidance, data analysis, and report preparation was carried out by the Economic Roundtable. The purpose was to: Identify the concerns, needs and opportunities of businesses in order to strengthen City programs for supporting Long Beach’s economic base.
SYNOPSIS This survey of industry perceptions of defense conversion in the Los Angeles region followed two years after the bench mark survey of aerospace firms conducted to prepare the “Economic Adjustment Strategy for Defense Reductions.” The purpose was to explore such questions as: Are aerospace firms in the greater Los Angeles region becoming less dependent on defense contracts?