Media Sources Available: Sequestration Cuts to Defense Will Hit California Hard over the Next Eight Years According to Economic Impact Study

LOS ANGELES--(BUSINESS WIRE)--Representatives from the Southern California Leadership Council and the Southwest Defense Alliance are available to discuss the results of a joint study showing the impacts on California of the sequestration mandated cuts.

“The Economic Impact of National Defense Sequestration on the Southwest Region”

Among the findings:

• State will lose 336,000 defense-related jobs and $21 billion in economic output due to the combination of previously mandated defense cuts ($7 billion) and the new sequestration cuts ($4 billion).
• From 2005 through 2009 an average of one million jobs were tied to national defense spending in California – more jobs than in the entire Silicon Valley. Over that period $600 billion in increased economic output was generated plus $12 billion in cumulative state taxes.

For copy of study, “The Economic Impact of National Defense Sequestration on the Southwest Region,” http://socallc.org/wp-content/uploads/2012/11/Southwest-Defense-Alliance-2012-Final-Report.pdf

Media sources available for comment:

Governor Pete Wilson and other members of the Southern California Leadership Council

Major General Dennis Kenneally and other members of the Southwest Defense Alliance

To arrange an interview please contact: Karen Diehl, 310.473.8090 or [e-mail]