The Tri-Cities economy continues to out perform its neighbors
KENNEWICK, Wash. - The Tri-Cities economy continues to out perform its neighbors and remains in a top spot in the state and Pacific Northwest.
Today more than 200 people showed up to the 12th annual Tri-Cities Regional Economic Outlook. City leaders made predictions about the future of our economy and they all remain very optimistic even when Hanford stimulus money runs out and some 1,600 people are laid off. According to Tri-Dec President, Carl Adrian, it's not going to affect us much. He says programs like the Mid-Columbia Energy Initiative will add new businesses to the area creating an energy park. Not only will this put the highly skilled workers back to work, but it will also generate more revenue for the economy.
They also talked about Real Estate, Health care, Retail and the Agriculture business all important factors for our economy. Experts say real estate and retail continue to be one of the leaders. In fact, new home sales continue to grow and retail has people coming from all over.
Adrian says the boom for 2011 wont be as great as last year but he's remaining cautiously optimistic.