2004-2005 LAEDC Mid-Year Forecast - Motion Picture & International Trade Among Critical Local Industries Facing Threatening Challenges" Study Says - Los Angeles, Orange, Riverside, San Bernardino, San Diego, and Ventura counties face negative challenges and an uphill battle from the on-going state budget problems.

The Mid-Year Forecast" reports that the states economy will grow by 0.8 percent or by 114,000 jobs in 2004, accelerating to 1.3 percent or 189,100 jobs in 2005. But the cost of doing business is burning the golden state."

(PRWEB) July 20, 2004 -- Please call or email us for the embargoed 2004-2005 Mid-Year Forecast," which looks at SoCal area with detail on LA, OC, Ventura, San Bernardino, Riverside and San Diego counties.

What:    2004-2005 LAEDC MID-YEAR ECONOMIC FORECAST"
   
When:    WEDNESDAY, JULY 21, 2004--(Embargoed until 12:01 A.M. (PDT)

Who:    JACK KYSER, Senior Vice President/Chief Economist, LAEDC

Where: (Please call numbers below for interviews - NO NEWS CONFERENCE)

Study will only be sent to media who honor embargos.

Please send email for requested summary and study:
PR@MayoCommunications.com

Background: The 2004-2005 LAEDC Mid-Year Economic Forecast" talks about a half dozen vital California industries facing serious challenges in Southern California.

Californias business environment will continue to present a challenge -- there is a premium" attached to doing business in the state and it is getting bigger. The business environment will remain a hot topic over the next 12 months, including how much of a reduction will there be in the costs of workmens compensation insurance (so far rather moderate), how paid family leave works in practice, the increased contributions by business to the unemployment insurance fund, and nuisance law suits. The report will be posted and released to the media and public one minute after midnight on the Wednesday, morning of July 21, 2003 (PDT).

The 2004-2005 LAEDC Mid-Year Forecast" will be posted at www.laedc.org and www.MayoCommunications.com for more information call George McQuade at 818.340.5300 or 818.618.9229.

Email at: PR@MayoCommunications.com. Advanced interviews up to Wednesday.

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