California’s economy is raging back strong from the pandemic according to a California Outlook report from Beacon Economics, an independent economic research and consulting firm. The United States is experiencing a similar trend — all signs point to a return to pre-pandemic levels of economic activity by the end of 2021.
San José State University’s Center for Banking and Financial Services hosted its annual Economic Summit this week, including a panel discussion with Christopher Thornberg, a founding Partner of Beacon Economics, and Congressman Ro Khanna, which was moderated by Jay Ross, attorney at Hopkins & Carley.
Khanna represents California’s 17th Congressional District and serves on a number of House committees, including Agriculture, Armed Services, and Oversight and Reform, in which he chairs the Environmental Subcommittee.
Khanna spoke on his three areas of focus for economic recovery: clean technology and tackling climate change, equity in a digital economy, and empowerment of “essential” workers — physical laborers and those in in-person, service industries — “who make our economy run.”
Khanna sees collaboration with academic institutions and the private sector as key to each of these areas. He cited SJSU as a “model public university,” including in its “extraordinary partnerships with the private sector and government” and believes the university is a “pillar of the Silicon Valley economy.”
Beacon Economics’ recent