The news this summer about our state is actually good— California is growing—and since one third of the state’s economy is generated in the 12 counties of southern California, we think this is good news for the members of the Engineering Contractors’ Association.

California’s economy (measured in terms of nominal gross domestic product) ranked sixth in the world in 2016 at $2.6 trillion, according to a report released by Stephen Levy, a Palo Alto economist, in July. That’s the same as 2015, when California leapfrogged over struggling France and Brazil.

Levy, head of the Center for Continuing Study of the California Economy, pulled the numbers from World Bank estimates released and the U.S. Bureau of Economic Analysis this summer, which break down state-by-state economic output.

California’s growing economy, at $2.6 trillion (tn.) last year, could pass Great Britain ($2.62 tn.) this year for the number five position, but still be a long way behind Germany (3.42 tn.), Japan ($4.84 tn.), China ($11.8 tn.) and the U.S. as a whole. The $19.42 trillion U.S. economy is 25 percent of the gross world product, of which, California’s contribution represents about 11 percent.

California’s economic growth of 2.9 percent last year was nearly double the U.S. average and the seventh best among the states. Washington had the fastest growing state economy in the country last year, at 3.7 percent, driven by Amazon, Microsoft and Boeing, plus the fact they don’t have a state income tax, while California’s top rate hit 13.3 percent.

The Work of ECA Members

We’ve told you all of this to tell you that this kind of growth depends on the work that our members do for their communities. No city, state or nation can continue to grow and prosper without a strong infrastructure that continues to grow to meet the needs of its economy and its citizens.

ECA is working hard every day to promote that truth. We have, for the past three years dedicated our political resources, both financial and personal, to work at the local level where our members make their livings.

The objective for our association is to create an environment of opportunity for our communities to take advantage of funding from federal and state sources, while partnering with our contractors to improve the lives of their citizens in the most cost effective way.

If you want to be a part of this effort, please contact the ECA office at 714-937-5000 so we can help you get started on improving your economy.

By Brandon Pensick, ECA President Email: [email protected]