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Chamber and EDC Seek Business Involvement in Regional Economic Study

Owensboro Chamber commerceOWENSBORO, Ky. (5/5/14) – The Greater Owensboro Chamber of Commerce and Greater Owensboro Economic Development Corporation are seeking involvement from Owensboro-area businesses in a Federal Reserve Bank of St. Louis survey on regional economic conditions.

The results of the study will be released this summer.

Researchers at the Federal Reserve Bank of St. Louis have selected Owensboro as the current focus of their ongoing series of profiles of metropolitan areas in the Eighth Federal Reserve District, a seven-state region that includes Owensboro. The study seeks to explain what drives the region’s economy and present a medium-term outlook. As a part of the study, the Federal Reserve is conducting a short (10-question) survey of area businesses.

“Collecting anecdotal information from regional businesses is key to the study and helps ensure that the voice of Main Street is reflected in its results,” said Maria Hampton, regional executive of the Louisville branch of the Federal Reserve Bank of St. Louis. Selected results will appear in the study’s report andwill be used to inform the Fed’s Beige Book, the Federal Reserve’s summary of input it receives about economic conditions across the country. A complete summary of the Owensboro study results will be shared with the Chamber and EDC.

Participation is voluntary, and will be open to all businesses from May 5 through May 14 in an online format. To complete the survey, please visit http://research.stlouisfed.org/regecon/metrosurvey/. The Federal Reserve Bank of St. Louis expects to release the information prior to the July 17 Owensboro in 50 Years Summit.

Founded in 1913, the Greater Owensboro Chamber of Commerce has worked for a century to provide valuable benefits and services to member business and individuals. Today, with a membership base of more than 900, the Chamber is a critical partner in community and business development initiatives, serving as the center of business advocacy for the Greater Owensboro region.

As the Owensboro metro's regional economic development agency, the Greater Owensboro Economic Development Corporation is a public-private partnership formed to create a diversified, sustainable economy generating wealth, quality jobs and improving quality of life of the Greater Owensboro metropolitan region.

SurfKY News
Information provided by Amy Jackson

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