Despite Uncertainties, Growth Predicted for South Bay at Economic Forecast

Even as the current political climate makes markets nervous, the South Bay region of Los Angeles is well poised for the next decade. The 2024 South Bay Economic Forecast predicted a bright near-term future for the region, namely due to its skilled workforce and cutting-edge companies.

Hundreds of industry and government leaders attended the Oct. 24 event at CSUDH, which also marked the forecast's 10th anniversary. Moderated by Frank Mottek of 790 KABC's Mottek on Money radio show, the event began with CSUDH's South Bay Economic Institute discussing their 2024 South Bay Economic Forecast and Industry Outlook, a report which explores economic sectors including real estate, manufacturing, the labor market, entrepreneurship, and more.

The Institute's co-directors, Associate Professor of Public Administration Fynnwin Prager and Professor of Economics Jose Martinez, along with Associate Professor of Finance Jennifer Brodmann, discussed both the national and local economies. Associate Professor of Accounting, Finance, and Economics Nestor Garza then joined them to discuss housing and development.

"Things are pretty good. If you look across the major forecasters, they're saying we'll see two to three percent growth over the next few years. There aren't dark clouds on the horizon in that sense," Prager said.

Listen to Frank Mottek's radio broadcast interviews with Prager (Oct. 25, from 21:12) and Martinez (Oct. 29, from 31:25).

Representatives from Ampaire, Chevron, Waymo, Hadrian, and GrayMatter Robotics then comprised two AI & Robotics panels. Panelists shared how their companies' innovations are revitalizing transportation and manufacturing sectors, and they discussed the advantages of doing business in the South Bay. The panel also spoke directly to students, advising them to pursue their passions and approach their careers with openness and an eagerness to learn.

Watch the 2024 Economic Forecast below: