Rutgers University Camden hosted its Quarterly Business Outlook panel in Cherry Hill on July 20. Four panelists from different industry sectors gave their views on the economy.
Panelists were:
Luke Tilley
Regional Economist
Federal Reserve Bank of Philadelphia
Maxine Ballen
President & CEO
New Jersey Technology Council
George Sowa
Executive VP and Senior Managing Director
Brandywine Realty Trust
Greg Charbeneau
Vice President and Executive Director
Adventure Aquarium
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Rutgers QBO Actualities
Luke Tilley
Regional Economist
Federal Reserve Bank of Philadelphia
Tilley1: Outlook is for growth going forward in activity and employment.
00:25 OUTCUE: ...coming forward
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Tilley2: The credit situation remains difficult for banks and for borrowers.
00:29 OUTCUE: ...economic activity
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Maxine Ballen
President & CEO
New Jersey Technology Council
Ballen1: She sees light at the end of the tunnel for technology companies in New Jersey
00:22 OUTCUE: ...past couple months.
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George Sowa
Executive VP and Senior Managing Director
Brandywine Realty Trust
Sowa1: The commercial real estate industry is starting to stabilize.
00:09 OUTCUE: ...within the industry
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Sowa2: Smaller borrowers are still having a hard time getting credit.
00:17 OUTCUE: ...in particular.
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Sowa3: Confidence in the outlook means tenants are looking for longer leases in commercial buildings.
00:23 OUTCUE: ...in some sectors.
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Greg Charbeneau
Vice President and Executive Director
Adventure Aquarium
Charbeneau1: People need to have cultural and recreational activities and will be looking for more cost-effective options for family vacations.
00:29 OUTCUE: ...how they go about doing things.
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Charbeneau2: Travel and tourism industry will remain strong, and business travellers will be a leading indicator of economic recovery.
00:33 OUTCUE: ... especially in 2011.
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Thomas Morr
President and CEO
Select Greater Philadelphia
Mr. Morr attended the QBO and offered his perspectives on why the Delaware Valley region is attractive for businesses considering relocation.
Morr1: This region has a lot of positive factors that companies should consider
00:25 OUTCUE: ...about the future.
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Morr2: Morr describes the kinds of industries that flourish in the Philadelphia region.
00:22 OUTCUE...to do business.
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Morr3: Morr explains why companies should want to be in the Northeast.
00:35 OUTCUE: ...in annual economic output.
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