Economics Group Forecasts Chester County's Fortunes Under President Trump

How will the new administration affect Chester County's economy?

The Chester County Economic Development Council met last week for its 13th annual Economic Outlook conference. Key leaders from across the county gathered to address how President Trump's policies could effect the local economy.

Keynote speakers included Patti Brennan, a finacial advisor, and Dave Hanson, the CEO of Fulton Financial Advisors.

According to organizers of the event, there were several key takeaways:

• "A major risk is that Trump euphoria could spur small businesses and individuals to invest more heavily -- and possibly imprudently -- in the stock market, putting their financial stability at risk in a particularly volatile post-election environment."
• "Local businesses, small and large, are expressing a shift in sentiment from pessimism to optimism. The wild card is whether that optimism will last as the long-term effects of the President-elect’s policies unfold."
• "If the Trump administration can convince small business people that it’s time to invest and hire, the small business sector in the Philadelphia area and beyond is a potentially coiled spring in the economy that could pop and drive unexpected growth in the economy."

Around 150 local businesses attended the gathering, which took place at the Council's headquarters in Exton.

Images via Sherwin Communications.