Mid Atlantic BX to Host Commercial Construction Economic Summit
HARRISBURG, Pa., Sept. 23 /PRNewswire-USNewswire/ -- The current state of the economy has greatly impacted the construction and design industry - generating elevated competition for fewer private and public construction projects, while significantly impacting unemployment, capital expansion and economic growth. Industry executives point to the unwillingness of lenders to finance new projects as banks receive political pressure to lend to stimulate the economy, yet federal bank regulators continue to restrict the capacity of banks to do so.
On October 21, 2010 Mid Atlantic BX, the region's leading commercial construction trade organization will host the 2010 summit and industry panelist discussion "Project Financing: The Effects of The Current Economic Climate." The summit will focus on current project funding options, the impact of state and federal stimulus programs, project financing risks, and the future outlook for construction financing.
"Mid Atlantic BX has assembled a diverse group of high-level panelists to examine the current marketplace and provide invaluable insight into current and future market forecasts, the economy and how to succeed in the current marketplace," said Pete Gum, Mid Atlantic BX CEO. Summit panelists collectively share a vast knowledge of the construction industry, as well as public and private construction project financing. Keynote speakers and panelists will focus on the current state of the economy and its effects on construction project financing, in an attempt to provide market driven solutions to jump-start an industry hit hard by a turbulent economy.
Keynote speakers will include Allen D. Beihler, Pennsylvania Secretary of Transportation and Michael Rossman, Director of the Governor's Action Team. Summit Panelists range from government officials to bank executives, commercial construction industry consultants and economic development specialists, to include: Gary Nalbandian – Chairman, President and CEO of Metro Bank, Linda Goldstein – Vice President & COO of Harrisburg Regional Chamber and Capital Region Economic Development Corporation (CREDC), Ann Stacey – Founder and President of Stacey & Associates LLC, and Matt Tunnell – Senior Vice President of Greenworks Development LLC.
For Additional information and to register for the 2010 summit and industry panelist discussion "Project Financing: The Effects of The Current Economic Climate," visit www.MidAtlanticBX.com, under Calendar of Events.
Founded in 1938, Mid Atlantic BX (Builders Exchange) has played an integral role in the success and growth of the commercial construction industry throughout the Mid-Atlantic region - developing innovative solutions to maximize member business development initiatives and to streamline the bidding process. Mid Atlantic BX provides real-time, 24/7 access to over 14,000 new construction projects annually – totaling over $45 billion, along with project blueprints, specs, addenda, bid lists and other pertinent bidding documents.
Mid Atlantic BX's interactive services include COOL, the region's most comprehensive online construction reporting and lead generation resource along with its industry recognized bid management solution Private Planroom. From online, industry-specific services to the Construction Buyers Guide, ConstruX Magazine, networking events and industry specific training seminars, Mid Atlantic BX connects the construction industry from project concept through completion.
SOURCE Mid Atlantic BX
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