California Summit — Highlights
This year’s California Summit convened 400 leaders from throughout the Golden State to explore strategies to prepare for an innovative future. Panels addressed how to enhance California’s role as a global crossroads for trade and investment, the cost of providing Californians a living wage, and keeping the state strong in a competitive global economy. With simultaneous research reports issued from Institute experts on California’s position as a technology- and science-based economy, and on the growth challenges posed by CEQA regulation, the day’s discussions helped provide an action agenda for the year-round work of the Institute’s California Center.
"California loses $140 billion a year due to its housing shortage," said Jonathan Woetzel, director of the McKinsey Global Institute in Asia and McKinsey & Co.'s senior partner in Shanghai.
Jane Wells, special correspondent for CNBC, moderated the lunch plenary that highlighted the work of some of the state's most forward-thinking visionaries who are pushing the limits in industries ranging from transportation to climate change.
Patricia Ramos of Santa Monica College discussed how the greatest challenges in academia is change, and that it's not always easy to innovate in higher ed.
Governor Gray Davis discussed how public-private partnerships have benefited Downtown Los Angeles, and how that model can be applied beyond.
"We need to have a balance when it comes to our business environment and government intervention," said Mimi Walters, member of the U.S. Congress, representing the 45th District of California.
"Over half of all venture capital comes to California because of the environment we've created," said Kevin de León, president pro tempore of the California State Senate.