2009- Los Angeles Economic Impact Forecast and Industry Event Set For Wednesday

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Media who honor embargoes should contact MAYO Communications for the advanced link to the study and for advanced interviews. The Forecast will be release Wednesday, July 22nd at Event In Downtown Los Angeles

The Los Angeles County Economic Development Corporation (LAEDC) plans to release its 2009-Mid Year Economic Forecast at an industry event at the Marriott Hotel, downtown Los Angeles Wednesday, July 22nd. The reporter will also be posted Online later.

The LAEDC Economic Forecast and Industry Outlook is Southern California's premier source for in-depth economic information and analysis on Los Angeles County and the surrounding areas. This event is attended by more than 600 of the region's top business, education, civic, and government leaders.

The LAEDC's economic research reports are broadly used by the media, government, and private industry organizations, and have been ranked #1 by the Wall Street Journal.

Mayo News Alert - Embargoed Link Should Be Ready This Friday

What: 2009- LAEDC Mid Year Economic Forecast Update

The Forecast Update will also examine the region's housing market and outlook for the five-county area along with the national economic outlook. Are there signs of life in the economy? Is housing getting close to the bottom? And which industries have the best near-term prospects for recovery?

When: Wednesday, July 22, 2009 (Embargoed until 12:01 AM PDT)    
7:00 a.m. - Breakfast and Networking - 8:00 a.m. -10:30 a.m.: Program    

Where: The Los Angeles Marriott Downtown

Confirmed speakers:

Controller John Chiang
California State Controller    

Supervisor Don Knabe
County of Los Angeles, 4th District

John Burns
John Burns Real Estate Consulting    

Jack Kyser
Kyser Center for Economic Research / LAEDC

Dr. Nancy D. Sidhu
Kyser Center for Economic Research / LAEDC    

Mayor Bob Foster
City of Long Beach

Media please RSVP for event and check in at the Press Table for press kits. Questions 818-340-5300. If you are not media and want to RSVP visit: http://www.laedc.org/forecast/register.html

Background:

The LAEDC Mid-Year Forecast Update will focus on our government finance deficit problem. What do the budget issues mean to businesses and residents and how will our fiscal problems impact the ability of state, county, and city governments to deliver their services and grow their economies in the future? What, if any, are the viable solutions to our fiscal woes and what we as a business community can do to lessen the effects of the recession.

Our special guests comprising of local and state elected leaders will provide insight on this critically important topic.Our speakers will address these issues and much more during their presentations. Frank Mottek, KNX 1070 Business Hour will moderate the panel.

Editors: The link to the mid-year forecast will be posted on MAYO Communications' and the LAEDC websites; however the study results will be embargoed until 12:01 AM PDT, Wed., July 22, 2009.

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George S. McQuade III

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