SOURCE: Los Angeles County Economic Development Corporation (LAEDC)

July 11, 2006 02:45 ET

LAEDC 2006-2007 Mid-Year Forecast

Los Angeles County Economic Development Corporation (LAEDC) Presents Its 2006-2007 Mid-Year Economic Forecast Update Covering 13 Areas in LA County, North and South Orange County, and Four Areas in the Riverside-San Bernadino Area

LOS ANGELES, CA -- (MARKET WIRE) -- July 11, 2006 --

What:   LAEDC's 2006-2007 Mid-Year Forecast

Who:    Jack Kyser, Senior V. P. & Chief Economist, LAEDC
        Leslie Appleton-Young, V. P. & Chief Economist, Cal. Assn. of 
        Realtors
        Mary Nichols, Chair of LA DWP, Professor-in-Residence at UCLA
        School of Law and Director of the UCLA Institute of the Environment
        Gary Zimmerman, Senior Economist, Federal Reserve Bank of San Francisco
        Robert Bach, National Director, Market Analysis, Grubb & Ellis

        (Call now for advanced interviews. The Forecast is out Wed morning)

When:   WEDNESDAY MORNING, JULY 12TH

Where:  Los Angeles Marriott Downtown - Grand Ballroom
        333 S. Figueroa Street
        Los Angeles, California 90071
Background: The LAEDC will release its entire "2006-2007 LAEDC Mid-Year Economic Forecast Update," Wednesday, July 12, 2006, at a breakfast event. Senior Vice President and Chief Economist Jack Kyser will explain what's driving the "quiet boom" in the economies of Los Angeles, the region and California. The LAEDC Forecast updates the industry ratings. Six receive "A's" and three others "B's." Two industries, international trade and tourism will see record levels of activity. The region's signature motion picture industry is breathing a little easier, but still faces major challenges.

The LAEDC Forecast is attended by more than 250 of LA's business, civic and political representatives. The Mid-Year Economic Forecast & Review will bring industry experts together to report on issues affecting those who live in the SoCal region. The panel of industry experts will discuss the following hot-button issues: the environment, housing, commercial real estate, sub regional economic performance, U.S. Economy and the financial markets.

[Editors: The 85 page LAEDC Forecast will be posted at 12:01 A.M., Wednesday, July 12, 2006, @ www.MayoCommunications.com/home.htm and www.laedc.org. Media please call for advanced copy or link. We will have Spanish speaking Henry Leyva, 661-253-3175 available for all Spanish media.]

Contact Information

  • Contact:
    George McQuade
    818.340.5300
    Email Contact

    Aida Mayo
    818/618/9229