Central Maryland Chamber Economic Forecast 2022

Central Maryland Chamber’s 2022 Economic Forecast was fun and informative

This year’s Economic Forecast Central Maryland Chamber of Commerce was hosted at the Maryland Jockey club. Tables were set up on the terrace level, overlooking the racetrack, and allowing participants to mingle and chat until the event began.

The afternoon started with a keynote from Lead Economist from the U.S. Chamber of Commerce Curtis Dubay. He spoke to all the economic issues the Unite States is experiencing, inflation, rise of interest rates, etc., and said the tumultuousness is likely to continue. Dubay said it’s also possible that interest rates will rise to 8% and stay there for some time. It’s still difficult to say whether 2024 will be much better, since he said there’s a possibility for another recession – but time will tell.

Afterwards, our owner and principal Jonathan Williams moderated a panel discussion with speakers Prince George’s County Economic Development Corporation President & CEO David Ianucci, Howard County Economic Development Authority CEO Larry Twele, and Anne Arundel Economic Development Corporation VP of Business Development Wes Mcquilliam. Each panel speaker talked about how various economic conditions were affecting their respective counties. Discussion included the effects of the legalization of cannabis in Maryland, how to navigate zoning, and bringing new jobs to their respective counties.

Thanks to the Central Maryland Chamber of Commerce for hosting this informative event!