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News & Press: Chairman's Message

Chairman's Message: May 2016

Wednesday, May 25, 2016   (0 Comments)
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Dear members and friends,

 

¡Saludos!

 

As the second quarter of the year got its start we saw the markets recover from their end-of-year regression. However, as the Federal Open Markets Committee pointed out in its April meeting, the economy still feels sluggish and as a whole hasn't picked up steam. Though we have seen an increase in job creation, other indicators put a damper on positive expectations as shown by the first estimate of the first quarter GDP which revealed only marginal growth at 0.5%, compared to the fourth-quarter annualized growth rate of 1.4%. 

    

Other indicators are yet more volatile, such as the consumer sentiment index from The University of Michigan which dropped two points from March to April to 89, before rebounding in May to 95.8, the highest reading in nearly a year. This soup of positives and negatives paint the same picture we have been looking at since 2010: Uncertainty.

I would like to challenge us during these uncertain times to get to know one another and our businesses. Imagine if instead of using an outside CPA firm you gave one of the many at our Chamber a chance? Or, if your payroll company has not wowed you, why not consider looking to one of our member companies for payroll services? Our member companies cover the whole spectrum of professional services, from legal, to financial, to IT, to marketing, to emergency care and more.

You can go to mdhcc.org and log in to the members-only pages where you will be able to see all our members and their contact information. Better yet, meet them face to face at one of our upcoming networking events:

Multi-Chamber Networking Breakfast | June 22, 7:30-9:30 a.m. | Crowne Plaza Annapolis 173 Jennifer Road, Annapolis, MD 21401 |

MDHCC Networking After 5 End of Summer Mixer and 30 Year Anniversary Celebration | Thursday, August, 25 2016, 6:00- 8:00 p.m. | Location TBD |

Hope to see you at both of these events and enjoy your spring.

Onward!

Jorge Eduardo Castillo
Chairman
Maryland Hispanic Chamber of Commerce
Chair@MDHCC.org


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