Leaders Gather to Help California Economy

An array of business and other leaders put into high gear an ambitious effort Friday, hoping to succeed where the state’s politicians have failed — implement strategies to help remedy California’s moribund economy.

The first California Economic Summit, attended by more than 500 in Santa Clara, also drew some political heavyweights who acknowledged that means other than depending on Sacramento are needed to extract California from its economic mire.

The organizers of the summit have taken a grass-roots and regional approach through a series of smaller group meetings leading up to the summit. Among the key speakers was Lt. Gov. Gavin Newsom, who applauded the concept, primarily because of the state’s complexity.

By George Avalos Oakland Tribune

Full Story: http://business-news.thestreet.com/mercury-news/story/leaders-gather-help-california-economy/1