February 25, 2005

LOS ANGELES — What’s new and what’s important for mid-size business in 2005? This and other issues facing today’s companies will be the focus of the next UCLA Anderson Forecast Conference to be held on March 15, 2005.  Leading economists from UCLA will also deliver their quarterly UCLA Anderson Forecast report.  The Conference will take place from 7 a.m. to12:30 p.m. at UCLA. 

Sponsored by Bank of America, the March UCLA Anderson Forecast will present an in-depth look at what important issues mid-size enterprises will face in the year ahead.  Bank of America has been a regular supporter of UCLA Anderson School of Management scholarly endeavors.

“We’ve stepped up our sponsorship of the UCLA Anderson Forecast because we recognize the huge impact that this kind of high quality economic information and analysis has on business growth,” said Lynn Pike, president of Bank of America California and president of Business Banking. “Businesses throughout the state, many of them our customers, have come to rely on UCLA Anderson Forecast projections when they make decisions that can have a critical impact on their future and on the health of the California economy.” 

Ms. Pike will be the keynote speaker for the conference, which will also feature other speakers including economists from the UCLA Anderson Forecast, Edward Leamer, director of the UCLA Anderson Forecast, Michael Bazdarich, senior economist and Christopher Thornberg, senior economist, who will deliver their quarterly economic projections for the nation, state and region.

Speaker sessions include:

The Economic Forecast for the Nation, State and Region

  • How good will the year ahead be, and why (or why not)?
  • How long will this expansion last?
  • What kind of businesses will prosper in California during the next downturn?

Financing Growth

  • With the yield on risk so low, is this the year to expand?
  • How friendly are the traditional sources of capital?
  • Is private equity the right choice for mid-size companies?

Forewarned is Forearmed

  • What are the best business opportunities in the years ahead?
  • Outsourcing doesn't always mean overseas: How can mid-size companies here in California do the outsourced work?
  • Will this be the year of relief on the cost side of the ledger, or will it get even worse?
  • What needs to be done to control costs and retain the best people?

Founded in 1952, the UCLA Anderson Forecast is one of the most widely watched and often-cited economic outlooks for California and the nation.  Award-winning for its accuracy, the UCLA Anderson Forecast often breaks with consensus in its quarterly forecast reports, which feature projections for major economic indicators, including inflation, interest rates, job growth and gross domestic product growth.

Bank of America is the nation’s largest business bank, with relationships with one in every five small and mid-sized businesses in its coast-to-coast footprint, covering 29 states plus the District of Columbia.

In November, Bank of America announced that it had retained its ranking as the number one Small Business Administration (SBA) lender in the United States, in California and in Los Angeles for the third straight year. During the fiscal year ending on September 30, 2004, Bank of America made SBA loans totaling $126.4 million to more than 3,600 California borrowers, more than half of them in Los Angeles.

For more information on the UCLA Anderson Forecast, or to register for the event, please visit its Web site at http://uclaforecast.com/.

About UCLA Anderson School of Management
UCLA Anderson School of Management is perennially ranked among the top-tier business schools in the world.  Award-winning faculty renowned for their research and teaching, highly selective admissions, successful alumni and world-class facilities combine to provide an extraordinary learning environment.  UCLA Anderson students are part of a culture that values individual vision, intellectual discipline and a sense of teamwork and collegiality.

Established in 1935, UCLA Anderson School of Management provides management education to more than 1,400 students enrolled in MBA and doctoral programs, and some 2,000 executives and managers enrolled annually in executive education programs.  Recognizing that the school offers unparalleled expertise in management education, the world's business community turns to UCLA Anderson School of Management as a center of influence for the ideas, innovations, strategies and talent that will shape the future.

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