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News & Press: Chairman's Message

Chairman's Message: December 2016

Wednesday, December 28, 2016   (0 Comments)
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Dear members and friends,


First, I want to wish you a very happy holiday season! We have certainly had a great year at the Chamber, forging new partnerships; strengthening existing ones; growing our membership base, visibility and influence; and highlighting the exceptionalism of our members. We’ll have more on our successes in January when we have all of 2016’s numbers.

We will celebrate our members’ accomplishments on January 12, so please don’t forget to reserve your tickets for our 2017 Business Awards Holiday Gala here: This annual evening of great food, friends, drinks, music, VIPs, awards and recognition of excellence will take place at Martin’s East beginning at 6:30 p.m.


For sponsorship opportunities please contact our Managing Director, Seth McDonnell at Reservations for tables of 10 are quickly selling out, so if you are interested in a table, you can reserve (if available) through our website:

Also, please save the date for our 17th Annual Legislative Reception beginning at 6:00 p.m. at the Double Tree Hotel in Annapolis. There are several bills that will surely affect small businesses, like the proposed increase of the minimum wage and sick leave proposal. Let us hear your voice by completing this brief 3-question survey about where you stand in these two issues (

One of our new initiatives as part of our strategic plan to offer our members customized mentorship, advocacy, and business matching, is our quarterly Membership Orientation and Economic Outlook Breakfast with our partners, the Federal Reserve Bank of Richmond, Baltimore. Save the date for our kick-off breakfast at their beautiful offices in Baltimore on February 27th from 7:30 to 9:30 am. Existing members are welcomed and encouraged to attend, but if you are a new member, these breakfasts are a must!

As per executives at the Federal Reserve Board of Richmond, Baltimore Branch, the recent vote to raise the overnight borrowing rate by 0.25% represents a modest and well-anticipated increase. “The move reflects a strengthening economy, improved labor markets, and a positive outlook for inflation. While this will have a modest impact on consumer and business borrowing costs, monetary policy is still very accommodative and rates are still close to historical lows. The Federal Reserve hopes to keep rates at moderate levels and maintain progress towards our dual mandate of maximum sustainable employment and price stability,” said Dave Beck, Senior Vice President and Regional Executive.

That is it for this month. See you at the Gala, our Legislative Reception and our February Breakfast. Thanks for helping make 2016 the best year yet for our Chamber.


Jorge Eduardo Castillo
Maryland Hispanic Chamber of Commerce

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