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Eastern Panhandle economy under microscope on October 26 in Martinsburg

WVU College of Business and Economics presents region’s annual 
Economic Outlook Conference in Martinsburg

Will West Virginia’s Eastern Panhandle rebound in the jobs and housing markets in the coming year? What is the national economic outlook and how will that affect the region?

Those questions and others will be addressed at the Eastern Panhandle Economic Outlook Conference on Tuesday, October 26, at the Martinsburg Holiday Inn. The event is presented by the West Virginia University College of Business and Economics Bureau of Business and Economic Research (BBER), and is sponsored by Centra Bank. The program will begin at 11:30 a.m.

“During the past year,” said Dr. George W. Hammond, BBER associate director, “the national downturn and the housing correction had a significant impact on the Eastern Panhandle region. This was particularly evident in large job losses and a rapid rise in the unemployment rate. With the national economy already on the rebound, the region is looking forward to better performance in 2011.”

The program will include lunch, a welcome by Centra Bank President Henry Kayes, a presentation on the U.S. economic outlook by R. Andrew Bauer, an economist for the Federal Reserve Bank of Richmond, and a report and presentation by Dr. Hammond on the economic outlook for the Eastern Panhandle.

“The outlook last year included news that the value of residential construction activity in the region during the first eight months of 2009 had fallen by 86.6 percent from their peak level during the same period in 2006,” Dr. Hammond said. “The performance of the construction sector will play an important role in the outlook and in how the regional business community plans for 2011.”

Persons interested in attending may register online at www.bber.wvu.edu For further information, phone (304) 293-7831.