*** THIS EVENT HAS BEEN POSTPONED DUE TO THE WEATHER ***
The Bloustein School will present the NJBankers 2015-16 Economic Survey and Economic Impact Assessment, an analysis of the national and state economies from the perspective of bankers and an analysis of the economic impact of the banking industry on the New Jersey economy, on Friday, Feb. 5. The event will be held from 10 a.m.-12:30 p.m. at the Gov. James J. Florio Special Events Forum, Civic Square Building, 33 Livingston Ave., New Brunswick, N.J., on the campus of Rutgers University.
Conducted by the Bloustein School under the direction of James W. Hughes, Bloustein School distinguished professor and dean and Marc D. Weiner, associate research professor at the Bloustein School, the survey sampled all 101 member institutions of the New Jersey Bankers Association and received an 81 percent response rate. They will present the findings of the survey following a brief opening discussion by John E. McWeeney Jr., president and CEO, New Jersey Bankers Association.
This is the fifth annual economic survey. The survey inquires about current national and state economic assessments, as well as six-month projections; expectations about long-term and short-term interest rates; commercial real estate submarket and loan demand; and residential loan and refinance demand. The survey also explores real estate values, currently and expected, as well as negative indicators and common obstacles to lending. The survey series probes metrics about the national, state and banking market economies in order to better understand, and, in turn, better facilitate the growth, development and common interests of the banking sector in the state of New Jersey.
A separate economic impact assessment, “Contribution of the Commercial Banking and Savings Institutions Sectors to the New Jersey Economy,” was conducted by Will Irving, senior project manager and economic analyst at the Bloustein School, Michael L. Lahr, research professor, Center for Urban Policy Research and associate director, Rutgers Economic Advisory Service (R/ECON) at the Bloustein School and Weiner. The findings of this assessment will also be presented by Irving.
Copies of the survey will be available following the event or by visiting https://backup.bloustein.rutgers.edu/.
This event is free and open to the public. Members of the media should RSVP to karyno@rutgers.edu by Wednesday, Feb. 3. Please visit the Bloustein School website for parking and directions.