“Kosmont To Examine Redevelopment Agency Issue At HIGH DESERT ECONOMIC SUMMIT”

By Staff Reports

(Victorville)– The elimination of redevelopment agencies is changing the development landscape across the State.  How much that will impact local communities will be among the topics discussed at the April 11 High Desert Economic Summit presented this year by the County of San Bernardino.   The Summit will be held at the Victor Valley College Performing Arts Center.

Mr. Larry Kosmont, one of three keynote speakers at the High Desert Economic Summit, will discuss the timely redevelopment issue and explore its impact statewide.

“The loss of redevelopment has thrown many California cities off their footing,” says Kosmont. “Local governments will have to get creative and even more involved at the State level to restart the engines of economic development.  In the meantime, municipalities will be forced to do their job with hand tools instead of the power tools they’ve depended upon.”

In addition to Kosmont’s keynote presentation, the redevelopment issue will likely be discussed by representatives of local cities and economic development agencies as they present snapshots of their communities and participate in an audience driven question & answer panel.    All five High Desert Cities along with the County of San Bernardino are participating in the event to offer attendees a true 360 degree look at the region.

“As changing times go, this is about as radical as it gets,” said Joseph Brady, CCIM, SIOR, President of The Bradco Companies and founding member of the High Desert Economic Summit.  “Anybody in business or who has investments in the High Desert needs to be there to hear from Larry Kosmont and our local leaders. That’s really a no-brainer.”

Kosmont is the President and CEO of Kosmont Companies, which he founded in 1986. The Kosmont Companies is an industry leader in public/private real estate transactions and public finance. . Mr. Kosmont conceived of and created the Kosmont-Rose Institute Cost of Doing Business Survey©, which is now recognized as the industry standard for comparing city taxes and economic incentives. The Survey covers 400 cities in all 50 states, and is published annually by Claremont-McKenna College. Kosmont previously served in the roles of City Manager, Director of Community Development, and Redevelopment Director in the cities of Santa Monica, Seal Beach, Bell Gardens, and Burbank.   He served as President of the City Managers Association in Southeast Los Angeles County for two consecutive years and as a State Commissioner on the California Economic Development Commission.

Other keynote presentations at the summit will include a look at macro economics trends affecting the national landscape provided by Jeffrey Cleveland, a senior economist with Payden & Rygel and an analysis of local economic issues by a favored regional expert, Dr. John Husing, Owner of Economics & Politics, Inc.

The High Desert Economic Summit will be held at the Victor Valley College Performing Arts Center on April 11, 2012.  Details about the event, including how to purchase tickets, can be found on the web at www.highdeserteconomicsummit.com or by calling the Victor Valley College Foundation at 760.245.4271 ext. 2522.

Proceeds from the 2012 High Desert Economic Summit will support the charitable purposes of both the Inland Empire Chapter of the American Red Cross (www.ie-arc.org) and the Victor Valley College Foundation (www.vvcfoundation.com).

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