Xconomy Survey Finds Cautious Economic XSITE-ment

6/18/09

Ladies and gentlemen, Xconomy readers have spoken, and the view is optimistic. We posed several questions about what the coming year will bring for the economy as people registered for our June 24 Xconomy Summit on Innovation, Technology, and Entrepreneurship (XSITE). The recovery, they think, will start soon: 24 percent of the first 130 respondents believe U.S. gross domestic product will begin to grow again in the fourth quarter of 2009, and nearly 70 percent of the respondents believe growth will return between the fourth quarter of this year and the second quarter of 2010.

The survey also indicates that next year might bring wind farms to Boston Harbor—or that we could all be pumping our Priuses full of algae-produced gasoline (talk about green fuel). When asked to name what sector of the New England innovation economy will grow fastest in 2010, 35 percent of XSITE registrants surveyed selected cleantech. Biotech was a close second with 26 percent, and healthcare was third with 23 percent of the vote. The lone write-in vote was for the mobile industry; iPhone app developers, take heart.

In the final question, where respondents were asked to predict where the Dow will close on Jun 24, the day of XSITE, 69 percent selected the 8,000-8,999 range. As of today, it sits squarely in the middle of that range, around 8530. We’ll see whose estimate was closest on June 24.

Registration is still open for our conference, so prepare to get (cautiously) XSITE-d!

Roxanne is an intern in Xconomy's Boston office. You can reach her at rpalmer@xconomy.com. Follow @

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