Los Angeles County Economic Development Corporation to Release 2008 - 2009 Economic Forecast & Industry Outlook

West Hills, CA (PRWEB) February 4, 2008

News advisory from Mayo Communications

What: 2008 - 09 LAEDC ECONOMIC FORECAST & INDUSTRY OUTLOOK: "Investing In Los Angeles"

Despite economic uncertainty, some industries will do well in 2008 that will transform the Los Angeles economy in coming years. Hear from industry leaders on why billions of dollars are being invested in LA

Who:

• Jack Kyser, Chief Economist and Senior V.P., LAEDC
• Leslie Appleton-Young, Chief Economist, Calif. Assn. of Realtors
• Dr. Jay Bryson, Global Economist, Wachovia
• Tim Leiweke, President & CEO, AEG
• William Witte, Pres., Related Companies
• Remco Waller, Chief Financial Officer, TESCO
• Frank Mottek, Panel Moderator, Host, KNX 1070 AM Business Hour

When:
Wednesday, Feb. 20, 2008 (please call for link and interviews)
7 a.m. - 8 a.m. Breakfast & Check-in. Program: 8 a.m. - 10 a.m.

Where:         
Marriott Hotel, Downtown Los Angeles
333 S. Figueroa St., Los Angeles, CA 90071 * (866) 210-8879

Panel 1: Investing in LA 8 a.m. - 9 a.m.

• Tim Leiweke, President & CEO, AEG (developer of LA Live)
• William Witte, President, Related California (developer of the Grand Avenue project)
• Remco Waller, Chief Financial Officer, TESCO (they recently opened a number of "Fresh and Easy" neighborhood markets stores throughout SoCal and NV. The stores are being compared to Trader Joe's)

• Jack Kyser, Regional Outlook
• Dr. Jay Bryson, Wachovia, National Market Outlook
• Leslie Appleton-Young, CA Assn. of Realtors, Housing Market

Background:

On Wednesday, February 20, 2008, LAEDC Senior Vice President and Chief Economist Jack Kyser will be joined by a panel of industry leaders from companies AEG, Related California, TESCO, Grubb & Ellis, CA Assn. of Realtors, and Wachovia to discuss the LA economy for 2008. Despite economic uncertainty across the country, major investments are being made in LA County. From the 4th largest bank in America (Wachovia) to the 3rd largest retailer in the world (TESCO, parent company of Fresh & Easy Neighborhood market), and from the world's largest owner of sports teams and sports events (AEG) to one of the largest real estate developers (Related Companies), billions of dollars are being invested here that will markedly transform the regional economy in coming years. Come hear a panel of principals with these firms explain why they are investing in LA.

2008 also looks to be impacted by distress in the housing industry, nervous financial markets, and labor strife in the motion picture/television production industry. What can we expect the economic impacts to be? Come find out first hand at this event.

(For advanced media interviews and the link to the embargoed forecast when it becomes available call Geo. McQuade 818) 340-5300 or publicity @ mayocommunications.com. For more about LAEDC contact Nhien Barros, 213.236.4820 or nhien.barros @ laedc.org.

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