LAEDC 2005-06 Mid-Year Forecast For 13 Regions Ready For Media Release

2005-2006 LAEDC Mid-Year Forecast Study Results Embargoed Until 12:01 A.M. Tuesday, July 19, 2005

What: LAEDC’s Economic 2005-2006
Mid-Year Forecast
(NO NEWS CONF. News availability only)

Who: Jack Kyser, Chief Economist and Senior Vice President, LAEDC
(Advanced interviews this week or Mon.)

When: TUESDAY MORNING, JULY 19TH
Embargoed 2005-06 Mid-Year Forecast Until 12:01 A.M. (PST) Tuesday July 19, 2005
(okay to post on news websites 1 minute
after midnight Monday night).

Where: LAEDC Headquarters, check in with security at front desk.
444 South Flower Street, 34th Floor Los Angeles, CA 90071

Background: The LAEDC will release its entire “2005-2006 LAEDC Mid-Year Economic Forecast update,” Tuesday, July 19th at breakfast event. Senior Vice President and Chief Economist Jack Kyser will explain what’s driving the economics of Los Angeles, the region and California.

The LAEDC Forecast updates the industry ratings. Four receive “A’s” and four others “B’s.” Kyser will also talk about key industries like international trade and motion picture production, and the challenges they face.

For the first time ever, the LAEDC provides an assessment of the economic performance of 13 areas in LA County, as well as north and south Orange county. Who are the “overachievers” and which areas “need support?” The LAEDC receives frequent requests for sub-area information and this Forecast provides it all.

LAEDC’s Forecast explores the housing market? Is it a “bubble” or will home prices hit a ceiling? What are key factors to consider in this debate?
LAEDC will provide the 2004 gross product rankings for California, the Los Angeles five-county area, and Los Angeles County. Additionally, answers to questions like “What are the major challenges facing SoCal?

[Editors: The study results will be posted at 12:01 A.M., Tuesday July 19, 2005, @ www.MayoCommunications.com 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.]