Good morning #Chamber World! It's going to be a GREAT day!
Chicago Fed: Economic Outlook Symposium: Summary of 2016 Results and 2017 Forecasts
According to participants in the Chicago Fed’s annual Economic Outlook Symposium, the U.S. economy is forecasted to grow at a pace slightly above average in 2017, with inflation moving higher and the unemployment rate remaining low.
The Federal Reserve Bank of Chicago held its 30th annual Economic Outlook Symposium (EOS) on December 2, 2016. More than 100 economists and analysts from business, academia, and government attended the conference. This Chicago Fed Letter reviews the forecasts for 2016 from the previous EOS, and then analyzes the forecasts for 2017 (see figure 1) and summarizes the presentations from the most recent EOS.
The U.S. economy entered the eighth year of its expansion in the third quarter of 2016. While the nation’s real gross domestic product (GDP) is at its highest level in history, the rate of economic growth since the end of the Great Recession in mid-2009 has been very restrained. During the 29 quarters following the second quarter of 2009, the annualized rate of real GDP growth was 2.1%—just slightly above what is considered the long-term rate of growth for the U.S. economy. Additionally, the annualized rate of real GDP growth over the first three quarters of 2016 was 0.2 percentage points below the average of the current expansion.
Find materials presented at the latest EOS
The biggest drags on economic growth during 2016 were weak investment (both business and residential) and government spending. Real business fixed investment decreased at an annualized rate of 0.4% in the first three quarters of 2016. Possible culprits for this anemic performance were moderate growth in the overall economy; excess capacity remaining in the industrial sector; the collapse of energy prices lowering investment in this sector; the strong international value of the U.S. dollar; and economic uncertainty during this past presidential election year. Real residential investment decreased at an annualized rate of 1.6% during the first three quarters of 2016, after increasing at an annualized rate of 9.4% between the third quarter of 2010 and the final quarter of 2015. Even though residential spending declined, the annualized rate of housing starts increased to 1.16 million units for the first 11 months of 2016—up 5.4% relative to the same period in 2015. Real government spending grew at an annualized rate of 0.2% during the first three quarters of 2016—well below the 1.2% it has averaged over the past 20 years.
The Federal Reserve Bank of Chicago held its 30th annual Economic Outlook Symposium (EOS) on December 2, 2016. More than 100 economists and analysts from business, academia, and government attended the conference. This Chicago Fed Letter reviews the forecasts for 2016 from the previous EOS, and then analyzes the forecasts for 2017 (see figure 1) and summarizes the presentations from the most recent EOS.
The U.S. economy entered the eighth year of its expansion in the third quarter of 2016. While the nation’s real gross domestic product (GDP) is at its highest level in history, the rate of economic growth since the end of the Great Recession in mid-2009 has been very restrained. During the 29 quarters following the second quarter of 2009, the annualized rate of real GDP growth was 2.1%—just slightly above what is considered the long-term rate of growth for the U.S. economy. Additionally, the annualized rate of real GDP growth over the first three quarters of 2016 was 0.2 percentage points below the average of the current expansion.
Find materials presented at the latest EOS
The biggest drags on economic growth during 2016 were weak investment (both business and residential) and government spending. Real business fixed investment decreased at an annualized rate of 0.4% in the first three quarters of 2016. Possible culprits for this anemic performance were moderate growth in the overall economy; excess capacity remaining in the industrial sector; the collapse of energy prices lowering investment in this sector; the strong international value of the U.S. dollar; and economic uncertainty during this past presidential election year. Real residential investment decreased at an annualized rate of 1.6% during the first three quarters of 2016, after increasing at an annualized rate of 9.4% between the third quarter of 2010 and the final quarter of 2015. Even though residential spending declined, the annualized rate of housing starts increased to 1.16 million units for the first 11 months of 2016—up 5.4% relative to the same period in 2015. Real government spending grew at an annualized rate of 0.2% during the first three quarters of 2016—well below the 1.2% it has averaged over the past 20 years.
Read more: Chicago Fed
Sycamore Chamber presents Pritchard with Champion of Free Enterprise Award
The Sycamore Chamber of Commerce Board of Directors and its Business Advocacy Committee recognized and presented state Rep. Bob Pritchard with the Champion of Free Enterprise Award.
The award is given by the Illinois Chamber of Commerce to state legislators who recognize the importance of free enterprise and who agree with pro-business legislative policies to further the economic opportunities for Illinois businesses and their employees.
“Bob is someone I truly believe embodies the Sycamore Chamber’s Mission of creating opportunities to help businesses succeed, strengthen our community and grow our local economy,” Rose Treml, executive director of the Sycamore Chamber of Commerce, said in a news release.
The Champion of Free Enterprise Award is given biennially to recognize Illinois senators and representatives who have committed to supporting and defending the employers of Illinois and supporting the policies of free enterprise system to help Illinois’ economy grow and prosper. In order to be eligible for the award, a lawmaker must have received an average of 85 percent or better voting record over the previous two General Assembly sessions as rated in the Illinois Chamber Legislative Rating published at the end of each session.
“With Illinois’ lackluster economic performance, there has never been a more crucial moment for our state to embrace pro-business legislators who represent the business community and support the fundamental principles of the free market system,” Todd Maisch, president and CEO of the Illinois Chamber of Commerce, said in the release. Daily Chronicle
City of Ridgeland Chamber of Commerce 2016/2017 Community Map has arrived.
The new City of Ridgeland Chamber of Commerce 2016/2017 Community Map is available at the City of Ridgeland Chamber today! Thanks to Linda Bynum, Sandy Baas and the chamber team for their help and direction putting this together!
Town SquarePublications (www.townsquarepublications.com) can help you accomplish your chamber's gloss map, directory, community guide or publication needs at no expense to the chamber. Please email John Dussman at jdussman@tspubs.com or call (847)-427-4633.
#BestChamber Practices: Greater Reston Chamber of Commerce: (Bringing Exceptional Business Opportunities to your Chamber members)
Is your business seeking new government contracting opportunities...or do you want to learn how?
Meet procurement officers from federal, state and local government agencies and prime contractors at the 5th Annual Northern Virginia B2G Matchmaking Conference and Small Business EXPO. Hosted by the Greater Reston Chamber of Commerce, our regional event is designed for emerging to mid-size government contractors to support their business growth.
Featuring Keynote Speaker Thomas J. Leney, Executive Director of Small and Veteran Business Programs, US Department of Veterans Affairs and Antonio Doss, Washington Area District Director, US Small Business Administration.
Registration opportunities include:
One-on-one pre-scheduled matchmaking meetings (up to 3) for businesses with government agencies and prime contractors;
Networking and Breakfast
Small Business EXPO showcasing resources for your government contracting business and educational sessions.
List of Previous Agencies and Prime Contractors
BAE Systems
CSC
Fairfax County Government Purchasing Department
Harris
Leidos
Lockheed Martin
Mantech
National Geospatial Intelligence Agency
Northrop Grumman
SAIC
Commonwealth of VA, Department of General Services
Defense Intelligence Agency
Defense Logistics Agency
US Agency for International Development
US Department of Army
US Department of Defense
US Department of Health and Human Services
US Department of Housing and Urban Development
US Department of State
US Department of Veterans Affairs
Please visit our event page for continuous updates of confirmed agencies and prime contractors, as well as confirmed educational sessions and exhibitors in the Small Business EXPO.
Marketing Opportunities are also available to promote your business to our GovCon community. Please see our event flyer for Sponsorship and Exhibitor information!
Register online or call Ashleigh Dorfman, Events and Development Director at 703.707.9045.
Learn more : Greater Reston Chamber
2017 Muncie on the Move Series
Sponsorship Opportunities are currently available for the 2017 Muncie on the Move series.
To be a booth sponsor, non-profit presenting sponsor or corporate presenting sponsor, now would be a good time to schedule your spot for the New Year! Booth space is limited and fills up quickly. The cost for a booth will be $100 and includes one breakfast meal. Additional meals will be available for $20. Set up your booth and our roving reporter will interview you for one minute during the program. Non-profit sponsorship allows you to present, on stage, for six minutes, have a booth at the event, distribute information on every chair in the room and also includes one breakfast. Additional meals may be purchased for an additional $20 per person. Corporate sponsors also have a booth, can distribute marketing materials at each place setting, make a ten minute presentation and sponsorship includes one breakfast. Additional meals may be purchased for an addition $20 per person.
Muncie on the Move attendance has averaged 140 people per event. This networking event is a great way to engage a big audience.
Date for 2017 Muncie on the Move Breakfasts are: February 1, April 5, June 7, August 2, October 4 and December 6, 2017.
For more information, or to reserve a sponsorship, contact Brenda Brumfield at 765-751-9128, or email bbrumfield@muncie.com
Dearborn Area Chamber of Commerce Announces New Board of Directors
The Dearborn Area Chamber of Commerce is pleased to announce the election of seven new members to its 2017 Board of Directors, and its new Chair, Craig DeLeon of DMC Sports Medicine. DeLeon also announced that Dr. Stan Jensen, president of Henry Ford College will serve as the Chair-Elect for 2017.
“I am thrilled to have the opportunity to serve as the chair of the board for the Dearborn Area Chamber of Commerce,” commented DeLeon. “We are energized and ready to build on the record breaking success we experienced serving our members and the community in 2016.”
DeLeon has served on the Chamber’s board since 2012 as a representative of the Detroit Medical Center and Rehabilitation Institute of Michigan where he has been employed since 2010. He holds a bachelor's of science degree in Health and Fitness Management from Northern Michigan University, while also lettering 3 times on the football field for the Wildcats.
At the Chamber’s annual Holiday Gala & Auction last December, Robert Altizer of Altizer Wealth Management of Raymond James was recognized as the outgoing board chair for his commitment and leadership throughout his term. In addition, five outgoing board members were honored for their service: Melissa Demorest-LeDuc of Demorest Law Firm, Rick Bixman of Tire Discount House, Gary Kearns of Kearn’s Brothers, Peter Rageas of the Law Offices of Peter Rageas, and Chastity Townsend of the Dearborn Education Foundation.
Seven new board members have assumed their three year terms as of January 1, 2017: Rita Nelson of Fairlane Town Center, Rick Burkhart of TPC Michigan, Frank Kadaf of Active Solutions Group, Phil Emma of PSN Technology, Lisa Korte of Korte’s Collision, Michael Magnone of Melaleuca, and Brent Mikulski of Services to Enhance Potential.
"We are delighted to welcome our new board members,” commented Jackie Lovejoy, President of the Dearborn Area Chamber of Commerce. “Our board of directors provide support and guidance as we navigate each new year. With the Chamber’s robust calendar of programs in our community, their commitment to growing our area and Southeast Michigan helps make our chamber exemplary!"
For more information on the Dearborn Area Chamber of Commerce, including upcoming programs and events, please visit www.DearbornAreaChamber.org or call 313-584-6100. Be sure to follow the Dearborn Area Chamber of Commerce on Facebook at facebook.com/DearbornAreaChamber, on Twitter @DbnAreaChamber and the Chamber website for all the latest Chamber news and events.
Representatives from Wisconsin Department of Transportation will give a presentation about the ongoing I-39/90/94 corridor study at an upcoming meeting in Lodi on Wednesday, Jan. 25, at 6:30 p.m.
After being invited the Lodi and Lake Wisconsin Chamber of Commerce and members of the Lodi Common Council, the representatives will give their presentation at Lodi City Hall, 130 S. Main St., upstairs in council chambers.
Currently, WisDOT is preparing a Tier 1 Environmental Impact Statement (EIS) that aims to identify a transportation solution to address the needs of the interstate from US 12/18 in Madison to I-39/WIS 78 near Portage.
Some of the options in the study include focusing on the existing interstate by preserving and maintaining it or expanding its capacity. Four of the other options labeled as “east reliever” alternatives map out creating new highways and bypasses of local communities such as Poynette and Arlington. Read more: Lodi Enterprise
Lisa James is the new president of the Columbus-Lowndes Chamber of Commerce.
Leadership with the Golden Triangle Development LINK, which oversees the Chamber, announced today it had removed the interim tag from James' title, offering her the permanent position.
James, 23, took over as interim president in August after her predecessor, Joey Bragg, abruptly resigned his post. She first joined the chamber in December 2015 as programs and events coordinator.
"We're excited about the potential for new growth and innovative programming from the Chamber staffers," said Golden Triangle Development LINK CEO Joe Max Higgins. "They bring energy and initiative to the organization, and I'm confident that they'll take the Chamber to a new level."
As Chamber president, James' salary will be $45,000 annually. The Chamber is funded through membership dues and a 2-percent city tourism tax.
In her new role, James said she will focus on growing the organization's membership with the goal of doubling it to 1,000 businesses and individuals.
Part of that recruitment effort, she said, involves making sure members get the most for their annual dues and that the Chamber better communicates member benefits.
Chamber interest: WisDOT will give I-39/90/94 presentation in Lodi
Representatives from Wisconsin Department of Transportation will give a presentation about the ongoing I-39/90/94 corridor study at an upcoming meeting in Lodi on Wednesday, Jan. 25, at 6:30 p.m.
After being invited the Lodi and Lake Wisconsin Chamber of Commerce and members of the Lodi Common Council, the representatives will give their presentation at Lodi City Hall, 130 S. Main St., upstairs in council chambers.
Currently, WisDOT is preparing a Tier 1 Environmental Impact Statement (EIS) that aims to identify a transportation solution to address the needs of the interstate from US 12/18 in Madison to I-39/WIS 78 near Portage.
Some of the options in the study include focusing on the existing interstate by preserving and maintaining it or expanding its capacity. Four of the other options labeled as “east reliever” alternatives map out creating new highways and bypasses of local communities such as Poynette and Arlington. Read more: Lodi Enterprise
State of Paducah, McCracken County addresses given at 1st chamber breakfast of 2017
The Paducah Area Chamber of Commerce hosted its first Power in Partnership Breakfast of 2017 Thursday morning.
New Paducah Mayor Brandi Harless gave her first ever state of the city address, and McCracken County Deputy Judge Executive Doug Moore stood in for Judge Executive Bob Leeper — who is ill — to give the state of the county address.
STATE OF THE COUNTY
Moore highlighted several accomplishments in 2016 and goals for the county in 2017.
One goal was continued renovations to the courthouse. He said now the county is focusing on the windows, making sure they're insulated, secure, and up-to-date.
Moore says: “The initial courthouse was built 75 years ago, and it's an old structure, but its a fine, nice structure. So Judge Leeper's golden objective was to stabilize the courthouse to insure it to go into the future.”
Have you ever wondered exactly what's legal and what's not in the county? Moore says this year county ordinances will be put online, and you'll be able to research for yourself. “It may not be just for the general public. It may be for the legal community, and real estate community, and professionals who want to understand exactly what’s going on," he says. "You can find it there.”
Moore says it was a project in the making when they found the ordinances difficult to access in the clerk’s office and not readily available to the public.
A local road is about to get safer after two years of trying. McCracken County leaders say Maxon Road, between new Highway 60 and Cairo Road is too narrow. Moore says it will expand. County leaders say with that area growing, this project is a priority. Read more: WSPD local 6
Lisa James named Columbus-Lowndes Chamber president
Lisa James is the new president of the Columbus-Lowndes Chamber of Commerce.
Leadership with the Golden Triangle Development LINK, which oversees the Chamber, announced today it had removed the interim tag from James' title, offering her the permanent position.
James, 23, took over as interim president in August after her predecessor, Joey Bragg, abruptly resigned his post. She first joined the chamber in December 2015 as programs and events coordinator.
"We're excited about the potential for new growth and innovative programming from the Chamber staffers," said Golden Triangle Development LINK CEO Joe Max Higgins. "They bring energy and initiative to the organization, and I'm confident that they'll take the Chamber to a new level."
As Chamber president, James' salary will be $45,000 annually. The Chamber is funded through membership dues and a 2-percent city tourism tax.
In her new role, James said she will focus on growing the organization's membership with the goal of doubling it to 1,000 businesses and individuals.
Part of that recruitment effort, she said, involves making sure members get the most for their annual dues and that the Chamber better communicates member benefits.
"Membership (recruitment) has been neglected," she said. "We want to grow a more diversified, well-rounded organization. Because the bigger we are, the stronger we are and the more resources we have at our disposal.
"I'm basically just going to start by cold-calling people," she later added. "If you're not a member, watch out. I'm coming for you." Read more: The Dispatch
"I'm basically just going to start by cold-calling people," she later added. "If you're not a member, watch out. I'm coming for you." Read more: The Dispatch
Town Square Publications Chamber Membership Directories and Community Profiles: The best in the U.S.
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Town Square Publications parent company, Paddock Publications, has over 100 years’ experience of print product development and dedicated customer service in communities throughout the Midwest. Our experience allows Town Square Publications to offer you attractive royalty and non-dues revenue share streams, provide direct distribution of your custom designed printed publications, including digital and mobile integration, and all with the quickest turn-around times available in the industry. Town Square also offers multi-media maps in both print and online formats, both with our No-Cost guarantee. More information: Town Square Publications
Chambers of Commerce and member focused organizations serve as a valuable resource in the local marketplace. The networking opportunities and representation with a wide variety of diverse businesses in your community is the catalyst of a successful organization. For further information about Town Square's publishing partnership with chambers of commerce and our No-Cost guarantee and Earned Revenue Share Program, To request your chamber publication or map proposal, contact Town Square Chamber Proposal
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