The 12th Annual Southern California Economic Summit

From Inclusive Recovery to Inclusive Growth

Overview

12th Annual Southern California Economic Summit

Held virtually on Thursday, Dec. 2, 2021

Leaders in business, public policy, housing, and education from across the region joined SCAG for the 12th Annual Southern California Economic Summit. This year’s program took a serious look at the ongoing recovery from the global pandemic and featured forecasts from the region’s top economists.

The event featured a SCAG Region Economic Update and Regional Briefing Book from SCAG’s Chief Economic Advisor Wallace Walrod which showed that while Southern California has reclaimed 70 percent of the jobs lost during the COVID-19 pandemic, the recovery ahead will be an uneven one as labor shortages, supply chain disruptions, equity gaps and inflation continue to impact the region’s economy.

The panel session – moderated by Micah Weinberg, Chief Executive Officer and President, California Forward, and featuring Daryl Fairweather, Chief Economist, Redfin, David Hickey, Vice President West Business Markets, Verizon, Dee Dee Myers, Senior Advisor and Director, Governor’s Office of Business & Economic Development, and Estelle Reyes, Senior Vice President, Enhancing Community, LA Cleantech Incubator – led to a lively discussion about the core issues threatening Southern California’s ability to stay competitive and highlighted innovative approaches to kickstarting inclusive economic growth.

Rana Foroohar Profile PictureKeynote speaker and Global Business Columnist at The Financial Times and Global Economic Analyst at CNN, Rana Foroohar spoke to the ways the pandemic has supercharged preexisting economic issues, including economic inequality. Her address laid out a vision for true sustainable recovery and an economic future that relies less on the global and more on the local. SCAG was also thrilled to name California State Senator Susan Rubio a Legislative Champion of Economic Empowerment thanks to her outstanding work on behalf of the region’s needs.

READ MORE: Rana Foroohar Bio

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Event Program

Time

Agenda

8:00 a.m.

REGISTRATION AND NETWORKING

9:00 a.m.

WELCOME

  • Hon. Clint Lorimore, SCAG President, City of Eastvale

9:10 a.m.

OPENING REMARKS/AWARD PRESENTATION

  • Hon. Susan Rubio, Senator, 22nd District, California State Senate

9:30 a.m.

PRESENTATION: SCAG Region Economic Update

SCAG’s economic team will provide an insightful look at the state of the region’s economy and the key issues that are affecting the region the most, as well as highlight opportunities for growth and updates on the region’s most important industry clusters.

 

Presenters

  • Gigi Moreno, Ph.D., Senior Economist, SCAG
  • Wallace Walrod, Ph.D., Chief Economic Advisor, SCAG
  • Karthick Ramakrishnan, Ph.D., Professor, University of California, Riverside, and Executive Director, California 100 Initiative

10:00 a.m.

BREAK

10:15 a.m.

PANEL: Keeping Southern California Competitive

The COVID-19 pandemic shined a bright light on the many of the struggles facing Southern California. The region is facing its first population decline in decades, housing has become even more expensive, low-wage workers faced huge unemployment and remote work is becoming a massive part of the new normal for some in the region. These challenges exemplify the widening equity gap, the impact of the digital divide, and the long term effects of the underproduction of affordable housing. At the same time, there is an abundance of opportunity: unprecedented resources are coming from the federal and state levels to support housing and inclusive economic growth, and with hundreds of millions of dollars on the table there is something for everyone. Localities are also using this moment to identify new policy approaches and programs focused on the intersectional issues that can block the road to economic opportunity. This panel will dissect the core issues threatening Southern California’s ability to stay competitive, and highlight funding programs and innovative approaches to kickstarting inclusive economic growth.

 

Moderator:

  • Micah Weinberg, Ph.D., Chief Executive Officer and President, California Forward 

Speakers 

  • Daryl Fairweather, Ph.D., Chief Economist, Redfin
  • David Hickey, Vice President West Business Markets, Verizon
  • Dee Dee Myers, Senior Advisor and Director, Governor’s Office of Business & Economic Development
  • Estelle Reyes, Senior Vice President, Enhancing Community, LA Cleantech Incubator

11:30 a.m.

SUMMIT KEYNOTE

  • Rana Foroohar, Global Business Columnist, The Financial Times; Global Economic Analyst, CNN

11:50 a.m.

WRAP-UP & CLOSING REMARKS

12:00 p.m.

ADJOURN

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Videos

Welcome & Opening Remarks

Award Presentation

SCAG Region Economic Update

Panel: Keeping Southern California Competitive

Wrap-Up & Closing Remarks