Federal officials said Thursday that Economic Census data they received was in large part the reason why they sharply revised downward their assessment of Ventura County s economy from 2007 to 2018.
The U.S. Bureau of Economic Analysis initially found the county s economy had grown by $2.1 billion during the 11-year period.
But in December, the bureau dramatically revised its assessment, concluding the county s economy actually shrank by $8.6 billion during the span, a $10.7 billion swing. This is not a typical revision for us, BEA spokesman Thomas Dail conceded Thursday.
The revision was disclosed last month by Matthew Fienup, executive director of California Lutheran University s Center for Economic Research and Forecasting, while addressing the Thousand Oaks Rotary Club s annual economic forecast breakfast.
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The FINANCIAL Bank of America announced today that it has directed more than $22 million in philanthropic funding to support education, jobs, entrepreneurship, health and housing and for people and communities of color as the company continues to deliver on its $1 billion, four-year commitment to advance racial equality and economic opportunity. These grants build on the $250 million in philanthropic funding the company allocates annually to nonprofit partners that address critical needs in the communities they serve according to Bank of America.
“Workforce development, job creation and access to health and housing services are some of the most pressing needs facing Black, Hispanic-Latino and Native American individuals,” said Ebony Thomas, Bank of America’s Racial Equality and Economic Opportunity Executive. “By providing this support alongside our national and local partners, we are further addressing many of the challenges facing under-resourced and unders
CERF s Dan Hamilton, left, and Matthew Fienup.
The Bank for America Charitable Foundation has awarded California Lutheran University’s Center for Economic Research and Forecasting, or CERF, a $250,000 research grant to identify the total economic contribution of Hispanics by U.S. state.
This new data will build on CERF s ongoing work on the national-level Latino Gross Domestic Product Report, with the most recent edition published last September.
“The award from the Bank of America is a great testimony to the high quality of work at CERF, and it enables us to contribute to the commitment the university has made as a Hispanic-Serving Institution,” Gerhard Apfelthaler, dean of the School of Management at the Thousand Oaks university, said in a statement.
Conejo Valley Based Venture Capital Firm Announces Plan To Invest $500 Million In Biotech kclu.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kclu.org Daily Mail and Mail on Sunday newspapers.
Conejo Valley Based Venture Capital Firm Annouces Plan To Invest $500 Million In Biotech kclu.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kclu.org Daily Mail and Mail on Sunday newspapers.