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Study shows industry's impact on state economy

National Space Week is April 20-24

Posted: April 15, 2009 7:28 p.m.
Updated: April 15, 2009 4:54 p.m.
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SANTA MARIA, Calif. -- California Space Authority (CSA) directors and trustees, executive members and representatives from the state of California release a study on the space industry's economic impact on the state, the nation and the world from 1 p.m. to 2 p.m. (ET) on Monday, April 20 at the National Press Club/Library Room, 529 14th Street NW, 13th Floor, Washington, D.C.

California ranks No. 1 in economic impact with 40 percent of the U.S. and 21 percent of the world's space enterprise.

Total annual contributions to the state exceed $76B, including $31B in revenues, $19.4B in wages, creating and sustaining more than 370,000 jobs.

California's space enterprise has a greater impact on revenue and jobs than any other industry, including entertainment, tourism and agriculture.

The study also highlights the new generation of entrepreneurial California space companies, well positioned for a game change in the launch segment.

Speakers for the media briefing include:
* Hon. Andrea Seastrand, Executive Director, CSA and former U.S. Representative from the state of California
* Janice Dunn, Deputy Executive Director and Director of Federal Government Relations, CSA
* Randall Garber, A.T. Kearney, authors of the Economic Impact of Space Industry Study
* CSA corporate members representing satellite services, ground equipment and manufacturing, satellite manufacturing, engineering services and launch.

This media briefing is one of many activities occurring during Space Week (April 20-24) highlighting contributions made by California and the nation's space industry.

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