The Los Angeles Customs District is the number one international trade center in the United States despite the global economic recession. International trade continues to provide more than 281,000 jobs in the region. During 2008, goods valued at more than $357 billion moved through the Los Angeles/Long Beach port complex and LAX/Ontario airports.
A year of change and recalibration lies ahead for many goods related industries, so port and airport traffic may fall again in 2009. Business may be off, but environmental progress is undeniably under way. Where Los Angeles-Long Beach lead, other ports will have to follow. This is SoCal's hidden competitive advantage according to the Los Angeles County Economic Development Corporation (LAEDC.
News Advisory - There are two trade study links for media that honor embargoes - this one is Wednesday, May 13th, 12:01 PDT.
Founding Economist Jack Kyser & Team Panelists will release study results on International Trade and an updated study on
Foreign Direct Investments. There are more than 4,000 firms that
directly invest in companies in Southern California. It might surprise you to see what companies are surviving and thriving on foreign invesments. Dr. Nancy Sidhu, chief economist will present those trade study results and an update on a survey of the businesses that took part in the research. Please call for advanced interviews if you plan on airing the study results or publishing the story Wednesday morning newspapers and Online newsites the day the results will be announced.
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What:
EMBARGOED-2009 LAEDC International Trade Outlook event. Study results to be released Wed., May 13, 2009,12:01 AM PST.
Who:
Jack Kyser, Founding Economist Kyser Center for Economic Research
LAEDC Dr. Nancy D. Sidhu, Chief Economist, LAEDC, Kyser Center
for Economic Research
The Honorable Stephen Robertson, MP Minister for Natural Resources, Mines and Energy and Trade Government of Queensland, Australia
Opening Remarks:
Mayor Bob Foster
City of Long Beach
Vance Baugham, President
World Trade Center
Los Angeles/Long Beach
When:
WEDNESDAY, May 13, 2009 (Please call for link & advanced interviews)
7 A.M. – 8 A.M. Breakfast & Check-in. Program: 8 A.M. – 10:30 A.M.
Where:
400 Oceangate, Long Beach (Union Bank Building – 14th Fl.)
Background:
LAEDC now has the link to the Trade Study results, however will not be posting them on the LAEDC website until Friday. A year of change and recalibration lies ahead for many goods related industries, so port and airport traffic may fall again in 2009. Business may be off, but environmental progress is undeniably under way.
Editors Note: For the embargoed study links and advanced media interviews please contact: George McQuade 818-340-5300 or 818-618-9229 Publicity@mayocommunications.com.
