Partnership Gwinnett hosted its annual Economic Outlook luncheon on March 21, 2024, in The John C. Maxwell Leadership Center at 12Stone Church. The event, presented by the Gateway85 Community Improvement District (CID), brought together over 125 of Gwinnett’s top officials, regional site consultants, and economic development business partners for an insightful discussion on the region’s economic forecast.
“The Economic Outlook luncheon provided a critical platform for leaders to gain insights into the economic landscape of Gwinnett County and Metro Atlanta,” said Deven Cason, Vice President of Partnership Gwinnett. “As we continue to recruit, retain, and expand business in our community, considering current and projected trends are paramount to that success.”
Emory Morsberger, Executive Director of Gateway85 CID, expressed his enthusiasm for the event, stating, “As presenting sponsor, Gateway85 CID is proud to support initiatives that promote economic growth and prosperity in Gwinnett County. The Economic Outlook luncheon underscores our commitment to fostering an incredible business environment in our community.”
Dr. Alfie Meek, Director of the Center for Economic Development Research at Georgia Tech’s Enterprise Innovation Institute, headlined the luncheon as the keynote speaker. With his expertise and deep understanding of economic trends, Dr. Meek provided attendees with valuable insights into the current state and future trajectory of the economy. His presentation offered analyses of major trends impacting both the local and national economy, including the growing federal debt, consumer spending, the labor market, and residential and commercial real estate. Meek’s outlook projected that inflation would continue to be an issue; the “higher-for-longer” interest rates would impact consumer spending, increasing debt service for businesses and driving new-home purchases over existing home sales; and the labor market would continue to weaken as payroll growth slows and unemployment rates incrementally rise.
Partnership Gwinnett looks forward to building on the momentum generated by this year’s Economic Outlook luncheon as it continues to collaborate with stakeholders to further economic growth and development in Gwinnett County. For more information about Partnership Gwinnett and future events, visit PartnershipGwinnett.com.
