24th annual Economic Forecast breakfast held Thursday - WECT TV6-WECT.com:News, weather & sports Wilmington, NC

24th annual Economic Forecast breakfast held Thursday

Wilmington Mayor Bill Saffo attended the event and said the city has made great improvements since the recession. (Source: WECT) Wilmington Mayor Bill Saffo attended the event and said the city has made great improvements since the recession. (Source: WECT)
WILMINGTON, NC (WECT) -

The 24th annual Economic Forecast breakfast was held in Wilmington Thursday morning.

Speakers at the event included Richard Kaglic, a regional economist from the Federal Reserve Bank of Richmond, and Dr. Adam Jones, a regional economist of the University of North Carolina Wilmington’s Swain Center.

Kaglic provided a detailed analysis of national and state conditions, general economic patterns and future trends, while Jones discussed the factors affecting local economic performance and employment trends in the area.

Wilmington Mayor Bill Saffo attended the event and said the city has made great improvements since the recession.

"We have a lot of projects that have started or are about to start in the Wilmington area. Of course one of the large projects is the RiverLights project on River Road where we are going to have 2,400 home sites and of course the continued revitalization of downtown Wilmington with a tremendous amount of construction that will begin within this coming year. We'll probably see the most construction we've seen in 100 years in downtown Wilmington," Saffo said.

McGladrey, the Wilmington Chamber of Commerce and Wilmington Business Development hosted the event at the Wilmington Convention Center.

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