ADVISORY/Economic Action Summit to Provide New Information & New Effort for Economic Recovery.

Business, News & Assignment Editors

ADVISORY...for Thursday (Nov. 1)

--(BUSINESS WIRE)

WHAT:    Details on a countywide economic recovery plan will be
         unveiled at the end of the Nov. 1 Economic Action Summit
         (EAS). Recommendations will cover seven regional areas and
         address four main topics:

         -- LAX/visitor recovery
         -- Activation of public projects
         -- Greenlighting private sector projects
         -- Rapid redeployment of workforce

WHO:     EAS chairman David Abel will outline the steps toward
         economic recovery devised by conference attendees. LAEDC
         chief economist Jack Kyser will provide further details, as
         will business leaders from seven regions in the county who
         participated in the conference.

         Other opportunities for coverage earlier that day include:

         -- 8 a.m. opening session featuring California State Assembly
            Speaker Robert Hertzberg, LAEDC chief economist Jack Kyser
            and findings from a just-released McKinsey report on
            regional growth opportunities. Los Angeles Mayor James
            Hahn will also speak.

         -- 1:00 p.m. USC president Steven B. Sample address on
            unified, business & government, efforts at economic
            recovery.

WHEN:    1:30 p.m., Thursday, Nov. 1 -- Conference Results & Media
           Questions, Room 502A
         8 a.m. -- Morning speakers, Room 515A
         1 p.m. -- Sample speech, Room 502A
         (Note: Breakout sessions from 10 a.m. to 12:30 p.m. are not
           open to media.)

WHERE:   West Hall, 2nd Floor, Los Angeles Convention Center
         1201 S. Figueroa St., Los Angeles, Calif. 90015

BACKGROUND:

         The Economic Action Summit (EAS) is a combined effort of the
         County of Los Angeles, the Los Angeles County Economic
         Development Corp. (LAEDC) and the City of Los Angeles.
         Sponsors include the L.A. County Workforce Investment Board
         (WIB), the California WIB, and the California Space
         Authority. The EAS mission is to devise a countywide economic
         recovery plan, increase business assistance and create a
         unifying outreach campaign. For more information, please go
         to http://www.ablinc.net/mir/archive/oct2001b.html.