1. Manufacturing STILL Matters  The Milken Institute’s “Manufacturing 2.0” report  CMTA’s observations on California industry California Manufacturers & Technology Association 2009

6. Milken manufacturing report

7. Seven “peer states” based on:  Increasing share – the state’s share of U.S. manufacturing employment increased from 2000 to 2007  High-tech – the state’s share of U.S. high-tech manufacturing employment also increased during the same time period  Above average – The state’s share of U.S. high-tech manufacturing employment in 2007 either matched or exceeded the national average of 2 percent. **Texas did not meet all three criteria, but was included in the analysis because of its large share of U.S. manufacturing and similarity and proximity to California. Milken manufacturing report Case studies: Methodology

8.  Economic climate – GDP growth, per capita income, exports  Business climate – tax rates, per capita tax burden, government debt, business start-ups  Business and economic rankings – selection of leading benchmarking studies  Manufacturing indicators – share of real GDP, output, high-tech employment, research and development  Public incentives – leading incentive programs from peer states are analyzed Milken manufacturing report Case studies: Analysis categories

9. Milken manufacturing report Case studies: Mnfg employment

14. Download the Milken report at www.cmta.net California is the only one among its peers to lack a comprehensive long- term economic strategy. “ The Milken Institute