Won asks how 400K forecast was calculated

Thanks for the question, Chair Juan.

Like I said before, there are certain data limitations given the availability of data sets.

So we're not able to...

Right, but I'm saying why did you guys forecast 400,000?

How did you get to that number is what I'm asking you.

The 400,000 number was a projection based on the information at the time the report was developed, which included the enormous amount of investments from the federal government.

Unfortunately, that investment, all of that investment did not follow through.

Let's break down that investment.

So can you help me understand for which level of funding and how many jobs per funding you are estimating for so that we got to the 400,000?

Because then we should recalculate how many jobs we're really expecting by 2040 and break that down.

Because we're trying to become, we want to be realistic here.

So we want to understand what we're actually dealing with here.

We can't just be projecting fake numbers to people with fake hopes.

I think the point is well taken, Chair Juan.

I will underscore what I said before, that that 400 job number is a projection based on four different factors, local, state, federal policy, public investments, private investments.

Which policies, how much money are we talking about?

We can break down the 400,000 jobs.

We're unable to do that at that point, at this point, because the methodology doesn't lend itself to a clear answer.

Okay, so then help me understand how you got to the 400,000 to begin with.

So we took a wide...

Wide spreading methodology that incorporates analysis of the various four factors that I just mentioned to you before and did

analysis that accounted for the different peaks and valleys of different industry growth cycles, public policy milestones, etc.

Which industries and which cycles?

To come up with a cumulative figure that is 400,000 jobs by 2040.