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CONTACT: STEVE PARROTT
5 Old Capitol
Iowa City IA 52242
(319) 335-0557; fax (319) 335-0558
e-mail:steven-parrott@uiowa.edu

Release: Immediate

NEWS ADVISORY

 WHAT:

 Assessing the Midwest Economy: Looking Back for the Future

A Symposium Sponsored by the Federal Reserve Bank of Chicago and The University of Iowa

 WHO:  * Terry Branstad, Governor of Iowa
   * Michael Moskow, President, Federal Reserve Bank of Chicago
   * William Testa, Economist and Assistant Vice President, Federal Reserve Bank of Chicago
   * Iowa policymakers, researchers, and business and community leaders

 WHEN: Friday, June 13, 9 a.m. to 12:45 p.m
 WHERE: Room W107, Pappajohn Business Administration Building, The University of Iowa, Iowa City
  Also via the Iowa Communications Network (ICN) in Des Moines, Council Bluffs, Davenport, Newton and Sioux City

Assessing the Midwest Economy: Looking Back for the Future, a groundbreaking study by the Federal Reserve Bank of Chicago, examines the remarkable comeback of a region and asks how we can sustain the momentum well into the future.

We invite you to join a unique gathering of Iowa policymakers, researchers, and business and community leaders on Friday, June 13, as we review the study and discuss policies that will help shape the Midwest's future. We are particularly pleased to have the Honorable Terry E. Branstad, Governor of Iowa, as our keynote speaker.

The symposium is the culmination of the Bank's year-long assessment of the Midwest economy. Throughout the past year, Chicago Fed economists worked with leading experts to study the past performance and future prospects of the region. Lending guidance to the project was an advisory board including the governors of Iowa, Illinois, Indiana, Michigan and Wisconsin. From global challenges and fiscal policies to work force requirements and the role of technology, the Fed team probed virtually every aspect of the Midwest economy. What they found will help guide decision-makers in making the choices that will shape the future of the region.

A copy of the program for June 13 is attached.

Here are the addresses of the ICN sites:

Council Bluffs: Iowa School for the Deaf, 1600 S. Highway 275, Careers Building, Room 203

Davenport: Kahl Educational Center, Room 304, 326 West Third Street

Des Moines: Department of Economic Development, 200 E. Grand, Main Conference Room, 2nd Floor

Newton: Newton Armory, 1030 West Second Street South

Sioux City: Western Hills AEA 12, Room 209A, 1520 Morningside Avenue

 

ASSESSING THE MIDWEST ECONOMY: LOOKING BACK FOR THE FUTURE

A symposium sponsored by

The Federal Reserve Bank of Chicago

and The University of Iowa

June 13, 1997

 

Room W107, Pappajohn Business Administration Building, University of Iowa, Iowa City

With additional sites via the Iowa Communications Network in Council Bluffs, Des Moines, Davenport, Newton and Sioux City

 

 8:30 a.m.  Continental Breakfast-Andersen Galleria
   W101 Pappajohn Business Administration Building

 9:00-9:05 a.m.  Introduction
   David J. Skorton, Vice President for Research, University of Iowa

 9:05-9:25 a.m.  Keynote address
   The Honorable Terry E. Branstad, Governor, State of Iowa

 9:25-9:35 a.m.  Executive Summary of Study Findings
   Michael Moskow, President, Federal Reserve Bank of Chicago

9:35-10:00 a.m.  Overview of Study Findings
  William Testa, Economist and Assistant Vice President Federal Reserve Bank of Chicago
 10:00-10:15 a.m.  Break

 10:15-11:30 a.m.  Work Force Development and Education

 Moderators:  Leonard Hadley, President, Maytag Corporation, Newton
   David J. Skorton , Vice President for Research, University of Iowa
 Overview:  Rick Mattoon, Senior Regional Economist
   Federal Reserve Bank of Chicago

Respondents:

 Eugene Pierce  President, Midwest Metals, Davenport
 Jeff Nall  Administrator of Work Force Development Policy, State of Iowa
 Fred Dohrmann  Chief Executive Officer, Winnebago Industries, Inc., Forest City
 Thomas Pogue  Professor of Economics, University of Iowa
 Charles Whiteman  Professor of Economics, University of Iowa
 George Neumann  Professor of Economics, University of Iowa

 11:30 a.m.-12:45 p.m.  The Changing Rural Economy

 Moderators:  Leonard Hadley, President, Maytag Corporation, Newton
   David Skorton, Vice President for Research, University of Iowa
 Overview:  Michael Singer, Senior Economist
   Federal Reserve Bank of Chicago

Respondents:

 Heidi Vittetoe  Pork Producer, Washington, Iowa
 Joanne Stockdale  President, Northern Iowa Die Casting, Lake Park, Iowa
 Gary Evans Executive Vice President and Chief Operating Officer, Meat and Livestock Businesses, Farmland Industries, Inc., Kansas City, Missouri
 Alan Tank  Chief Executive Officer, National Pork Producers Council, Des Moines
 Stanley Johnson  Professor of Agricultural Economics, Iowa State University
 Alan Peters  Associate Professor of Urban and Regional Planning, University of Iowa
 David Forkenbrock  Director, Public Policy Center, and Professor of Urban and Regional Planning, University of Iowa

6/5/97