The Santa Monica Chamber of Commerce will host the first State of the City reception this year, scheduled Friday, January 30th, at the Eli and Edythe Broad Stage at Santa Monica College.

The Santa Monica Chamber of Commerce will host a breakfast reception and conference to address concerns regarding the impact of the current global and state economic situation at a local level, to be led by Santa Monica city manager P. Lamont Ewell and economist Christopher Thornberg.

A breakfast reception from 7:30 to 8 a.m. will begin the event, with a welcome from new Santa Monica mayor Ken Genser. The conference will follow at 8 a.m. with an agenda to include a local overview of this year’s city budget from Ewell and a global perspective on the local effects of the economy by Thornberg, past economist with the UCLA Anderson Forecast and cofounder of Beacon Economics.

“We are all aware that the city’s current financial position and future economic outlook have been impacted by the unexpected financial crisis occurring throughout California and the nation,” said Laurel Rosen, Santa Monica Chamber of Commerce president. “Santa Monica is a rich and diverse community that has weathered storms before.

“The purpose of this event is to learn from the past and gain insight from our speakers on how to move forward in the coming year towards a more secure and prosperous future.”

The event is expected to have a relatively formal format as the three panelists outline their perspectives and discuss their goals in the changing economy, according to the chamber. Ewell plans to address issues such as the challenges expected in preparing the city budget for 2009-2010 and beyond, local economic and revenue trends and the potential local impacts of the state budget crisis.

Thornberg plans to address questions such as whether the economy will recover, get worse or stay the same.

“A new year brings in new hopes and new fears,” said Thornberg. “While the underlying problems in the U.S. economy remain large, the Federal Reserve and Treasury have already taken historic actions in order to stabilize the economy — and the new Obama administration promises to bring aggressive fiscal actions to the table as well.”

Participating sponsors for the State of the City event include First Private Bank & Trust, Santa Monica College, Santa Monica Convention & Visitors Bureau, Loews Santa Monica Beach Hotel, RAND Corporation, Acceptors Inc., Harding Larmore Mullen Jakle Kutcher & Kozal, Striker Media Group, Bayside District Corporation, Pacific Park, Perry’s Beach CafÈ and Rental, St. John’s Hospital, US Bank and Crossroads School of Arts and Sciences.

State of the City 2009 tickets or sponsorship information, (310) 393-9825 or www.smchamber .com/. Presale tickets for chamber members are $35, and $45 for non-members; at the door tickets are $55. Students with valid school ID presale tickets are $15, $20 at the door. Seating is limited and all tickets include parking.