Question: Will High Energy Costs Hurt Key Local Industries? What is the Fallout from Labor Problems in Hollywood? Is There Any Good News Out There?

The Los Angeles County Economic Development Corporation (LAEDC) plans to release its 2008 Mid-Year Economic Forecast on July 16th, which will include for the first time ever a Foreign Direct Investment study revealing investments in Southern California. Chief Economist Jack Kyser, senior vice president, LAEDC will present the forecast and Vice President Nancy Sidhu, LAEDC will present the FDI results.

(PRWEB) July 11, 2008 -- Los Angeles County Economic Development Corporation (LAEDC) presents its 2008 Mid-Year Economic Forecast Update, which will include for the first time its Foreign Direct Investment study highlighting the economic impact of FDI to the regional economy

2008-2009 LAEDC Mid-Year Forecast Update Results

Embargoed Until 12:01 a.m. Wednesday, July 16, 2008

What:     

LAEDC's 2008-2009 Mid-Year Economic Forecast Update

(Media - Please call for study link)

Who:

PANEL I - Foreign Direct Investment

Nancy Sidhu, Ph.D. V.P.&. Senior Economist, LAEDC (FDI presenter)

James Dibbo, Chief Financial Officer, BT Americas

Vance Baugham, president, World Trade Center, LA/Long Beach

PANEL II -Economic Overview

Jack Kyser, Chief Economist and Senior Vice President, LAEDC

Richard Weiss -Chief Investment Officer, City National Bank

John Burns, Real Estate Consulting

Moderated by Frank Mottek, KNX1070 Business Hour

When:     

WEDNESDAY MORNING, JULY 16TH

7:00 - 8:00 a.m.    Continental Breakfast & Networking

8:00 - 10:30 a.m.    Opening Remarks, Presentations and Q&A Session

Where:     

Los Angeles Marriott Downtown, Grand Ballroom

333 S. Figueroa Street, LA, 90071

Background

More than 300 of the region's top business, civic, education, and political leaders are expected to turn out for LAEDC's Mid-Year update to its 2008-2009 Economic Forecast on Wednesday, July 16, 2008. What is the economic impact of rising energy prices? Experts will discuss this along with the outlook for the regional and national economy, financial market, and the housing market. When will the housing market bottom out? What will be the impacts of a sluggish economy on government?

[Editors: The study results will be posted at 12:01 a.m., Wednesday, July 16, 2008, @ www.laedc.org and www.MayoCommunications.com. Media please call George McQuade for advanced copy or link. Spanish Speaking Economist Eduardo Martinez (213) 236-4843 is available for all Spanish media.

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