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Press Release

RSB’s 3rd Annual Economic Summit Event a Success

Company Release - 6/16/2017 8:24 AM ET

STOUGHTON, Mass., June 16, 2017 (GLOBE NEWSWIRE) -- “The economy is stable,” stated Elliott Eisenberg as he began his presentation for the 175 registered guests of the 3rd Annual Economic Summit. A well-regarded economist, Eisenberg provided the audience with a well-rounded picture of the state of the economy, both the country at large and locally in Massachusetts.

“The U.S. Economy: Steady as She Goes” was presented by Eisenberg in his trademark entertaining and knowledgeable manner. The returning speaker shared a great deal of information in a humorous way, making the typically heavy topics pleasant to digest.

“All the data is currently pointing towards things remaining stable,” Eisenberg shares. “I feel good about the state of our current economic climate.”

From the weakening dollar to the on-the-mend labor markets, Eisenberg discussed a variety of topics while keeping the audience engaged and eliciting laughs from the crowd. He managed to tread into the political without getting political and provided statistics and economic insights informing the crowd that a recession is not in the cards, and the future looks better than the present.

Following Eisenberg’s insightful and informative keynote, Randolph Savings Bank’s Martie Dwyer was joined onstage by John J. Roche, CEO of The Flatley Company, and James L. Elcock, President and Managing Partner of Colliers International, for a panel discussion regarding emerging trends in commercial real estate. Elcock and Roche are industry experts in the real estate markets of Boston and the South Shore.

John Roche spoke to the crowd regarding the slow but steady outlook in the Metro South markets and position to companies as a value alternative to Boston. Roche emphasized the qualities that businesses are looking for when it comes to real estate, migration from Boston, and the importance to accessible rail.

“People want to work in modern collaborative spaces these days,” states Roche.  “A business must provide the workforce with proximity to the city, and they need to provide city level amenities.”

James Elcock presented a positive outlook of the climate in Boston which continues to gain recognition for its green initiatives and commitment to education. Elcock highlighted Boston’s position as the “#1 startup hub” in the United States. As more businesses are tapping into Boston’s urban market, transit remains important in this geography as well.

“Boston is leading the way in a variety of ways,” says Elcock. “Boston has the highest percentage of 20 – 34 year olds in the country, and that is driving a demographic shift. Millennials and Empty Nesters are changing the landscape of the workforce and the neighborhoods.”

The event, in its third year, aims to provide a venue for members of the local business community to learn about topics and trends affecting businesses in the local markets. Additionally, the Economic Summit provides a venue for networking with peers.

“As a community bank, Randolph Savings Bank embraces our role in bringing together members of the business community to connect, engage and learn during the Economic Summit,” says Jim McDonough, President & CEO of Randolph Savings Bank. “We feel privileged to hear from industry leaders such as Elliott Eisenberg, John Roche, and James Elcock. Each has their finger on the pulse of our everchanging economy, and the insight they’ve offered to the audience of the Summit has been invaluable.”

Planning for the 4th Annual Economic Summit is underway for 2018.

Randolph Savings Bank, a subsidiary of Randolph Bancorp, Inc. (Nasdaq:RNDB), is a Massachusetts-based community bank recognized for its unique integration of innovative technology, banking expertise and personal service to provide an exceptional experience to all its customers. 

With six full-service locations, three lending centers, and seven mortgage production offices, Randolph Savings is a Top-20 Mortgage Lender, serving homeowners throughout Massachusetts, southern New Hampshire and Rhode Island and a leading provider of cash management and financing solutions to commercial businesses.

With a legacy of philanthropy and its advocacy for financial education, Randolph champions the economic growth and enrichment of all local communities it serves.

Michaela June
(781) 573-1364

Source: Randolph Bancorp, Inc.