The 2017 Orange County Economic Summit hosted by Mayor Teresa Jacobs took place on Wednesday morning, drawing leaders from all over the region who attend to get a snapshot of the current economic picture and a glimpse of what the future might possibly hold. Once again this year the outlook was positive with President-elect Donald Trump’s policy ideas contributing to the optimistic outlook.
Jacobs opened the summit with a briefing on her I.N.V.E.S.T infrastructure project and the progress it continues to in areas such as transportation and roads where $200 million dollars is being applied towards new projects and improvements on existing properties with no increase in taxes.
“From small businesses to large businesses, the future is brimming with opportunity for everyone.” she said.
The main draw of the program, was nationally recognized Economist, Dr. Sean Snaith from UCF, who delivered his economic outlook for the region with an emphasis on what could be expected from the early days of the Trump administration.
Snaith noted that the basic principles of what Trump was proposing were sound and could provide a “boost in economic development”. He also noted that the country could see a roll back of some of the recent economic policies implemented in previous years.
There was a reminder that experts still needed to see the details of Trump’s early plans before making any further assumptions adding “I’ve done all of my research, which means I’ve read all of his tweets.”
Snaith did expect the County to continue it’s positive momentum and growth while the housing market continued it slow march towards recovery.
The Summit also featured a briefing from Dr. Vernet Lasrado and a panel on workforce development involving several more local leaders.