South Bay
Businesses Supports Economic Recovery Plan
The South Bay Association of Chambers of Commerce (SBACC)
supports “The Agenda for Economic Recovery” and joined with
the coalition to promote the four fundamental steps to
ensure economic growth and prosperity.
The coalition believes that there are four fundamental steps
that must be taken in order to revive our economy:
• Develop a comprehensive economic growth strategy for the
state
• Drive business investment and retention in California
• Require an assessment of economic impacts for all state
policies and programs
• Establish accountability metrics for all levels of
government
These four principles do not seek to revise or repeal
existing laws, but rather take into account existing
resources to implement best practices that will ensure
economic growth and prosperity.
The SBACC continues to find ways to revive the regional
economy through job creation and sound business
fundamentals.
October 2,
2008
SBACC
Releases
Statement on Financial Crisis
SBACC Chair Helen Duncan sent a letter to Senator Dianne
Feinstein, Senator Barbara Boxer, Congresswoman Jane Harman,
Maxine Waters, Dana Rohrabacher, and Laura Richardson
regarding the financial crisis:
"The South Bay Association of Chambers of Commerce (SBACC)
urges Congress to immediately pass a financial rescue
package to stem the financial panic. The failure to approve
legislation addressing the financial crisis has resulted in
uncertainty and turmoil that have dramatically affected the
markets, and lowered equity prices, eroding individual
savings and destroying billions of dollars of household
wealth.
Furthermore, South Bay businesses are paralyzed by the
uncertainty in the economy. The financial well-being of our
regional business community hinges on a resolution to the
financial crisis.
SBACC urges Congress to immediately pass financial rescue
legislation."
