The California Bankers Association and Beacon Economics Release California Economic Impact Report
Study measures the significant benefits created by banks doing business in California
The California Bankers Association and Beacon Economics have released a report, “The Economic Impact of Banks: Measuring the Benefits in California,” which examines the critical role banks play in supporting California’s economy and the communities where they do business.
The report is authored by Chris Thornberg, Ph.D., founding
partner, and Jordan Levine, economist and director of economic
research, at Beacon Economics.
The report examines and identifies a number of direct economic impacts banks have, as well the considerable contributions banks make to California’s economy through what the report’s authors refer to as indirect effects.