MEC Hosts Annual Economic Forecast Conference

Posted: January 17, 2002 at 1:00 am, Last Updated: November 30, -0001 at 12:00 am

The closing months of 2001 presented a period of new uncertainties for the Northern Virginia economy and Virginia governments. On Thursday, Jan. 24, from 8 to 10:30 a.m., the Mason Enterprise Center (MEC) presents “Forecasting the Greater Washington, D.C., Economy: 2002,” a conference featuring three professors from the School of Public Policy who will analyze current economic trends and predict their impact on the region’s core industries and government.

Before the events of Sept. 11, the Washington area economy was on course for accelerated growth leading into 2002. Steve Fuller, director of the Center for Regional Analysis, will discuss how the terrorist attack on the Pentagon has influenced the area economy and affected the area’s core industries, and how the economy is likely to perform over the next 18 months.

MEC Director Roger Stough will identify the qualities of the Greater Washington technology economy that distinguish it from other technology regions in the United States, Europe, and Asia. He will assess the changing structure of the region’s technology sector in light of the economic downturn and the Sept. 11 disaster, and will offer a forecast for 2002.

John Petersen, who has recently joined the School of Public Policy, will review the immediate fiscal prospects for the major Northern Virginia local government jurisdictions and examine the longer-term implications of being next door to Washington, D.C. He also will discuss how the local jurisdictions’ fiscal problems relate to the commonwealth’s own budgetary shortfall and what the new legislature and governor will face in Richmond next year.

The conference is held in the Johnson Center’s Sid and Reva Dewberry Hall (Multipurpose Room), and the registration fee is $125. For more information or to register, call Erika Spalding at (703) 277-7706 or visit the conference web site.

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