I-15 Economic Forecast

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Greater Corona Valley Chamber of Commerce I-15 Economic Forecast

CORONA, Calif., April. 21, 2011. The Greater Corona Valley Chamber of Commerce hosted the I-15 Economic Forecast with the keynote speaker Brad Kemp of Beacon Economics. Other speakers included Mayor Stan Skipworth of Corona, Mayor Berwin Hanna of Norco and Mayor Adam Rush of Eastvale. The I-15 economic forecast focused on the I-15 Corridor region of Southern California. Mr. Kemp’s presentation presented signs of economic recovery mixed with examples of continued sluggishness for the two counties of Riverside and San Bernardino.

The forecast stated that relative to California, the unemployment rate in Riverside County is expected to fall faster. However, substantial job growth won’t be evident in the region until the last half of 2011, and the unemployment rate in Riverside County will remain above 8 percent through 2015.

This region still has the key locational advantages of distribution infrastructure, ready access to both domestic and export markets, and the potential for stable sustainable electricity rates with other new sources of energy. No other part of the country has this winning combination.

Transportation, healthcare and housing were also discussed during the round table portion of the conference by Shaun Lumachi Director – Gov’t Affairs, Greater Corona Valley Chamber of Commerce, Christina Bivona-Tellez, Regional VP – Hospital Assoc. of America and Dave Willmon, Regional Public Affairs Manager League of California Cities.

For More Information on the Inland Empire Economic Partnership: www.mychamber.org

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