Business leaders, elected officials and key decision-makers across the region converged at Cal Poly Pomona for the 2019 San Gabriel Valley Economic Forecast Summit. From the global economic outlook to the state of business in the San Gabriel Valley, industry experts offered insights on how the region is creating economic opportunities that have local and global impact.
President Soraya M. Coley opened April 4 event highlighting Cal Poly Pomona as the “epicenter” of learning, innovation and diversity.
Barbara R. Bagley of Bank of America and Somjita Mitra of Los Angeles Economic Development Corporation presented the national and regional economic forecasts, respectively.
On the rise are economic growth, jobs and personal income, according to Mitra, who serves as director of the Institute for Applied Economics in the Los Angeles County Economic Development Corporation. She also added the unemployment rate will continue to fall.
The keynote address, “New Faces, New Spaces: How Shifting Demographics are Changing Housing,” was delivered by Pete Reeb of John Burns Real Estate Consulting.
The summit concluded with an expert panel, moderated by CPP’s Professor Gerd Welke, in a discussion on Southern California’s housing opportunities and challenges.
All attendees received the 2019 San Gabriel Valley Economic Forecast Report, featuring executive summary, trends and outlook. The full report is available online.
The third annual summit was presented by the College of Business Administration and the San Gabriel Valley Economic Partnership.
Special recognition goes to the 11 CBA students who volunteered at the event. They are: Marvin Alverdin, Kelly Chuang, Jacob Demuth, Alejandro Diaz, Ian Frost, Mark Margono, Damien Nunez, Clark Perez, Matthew Saechao, Junior Stalwart and Brandon Yamada.