Celebrating Hispanic Heritage Month

MESSAGE FROM THE PRESIDENT

September 25, 2023

According to 2020 census data, over 10% of Delawareans are Hispanic. This number is growing yearly, especially in Sussex County where the population has increased nearly 60% since 2010.

Delaware also has a growing footprint of Hispanic owned and operated businesses. So recently the Delaware State Chamber of Commerce became a member and affiliate of the U.S. Hispanic Chamber of Commerce (USHCC), who represents over 4.7 million hispanic-owned businesses nationwide.

We are now in the midst of National Hispanic Heritage Month. Celebrated from September 15th to October 15th, it is a nationwide observance that honors the rich and diverse contributions of Hispanic and Latinx communities to American society. This month-long celebration commemorates the independence days of several Latin American countries and serves as a platform to recognize the traditions, languages, cuisines, and histories of Hispanic Americans. It highlights their pivotal role in shaping Delaware and our country's diverse identity.

In the coming year, we’ll feature more about our partnership with the USHCC and highlight some of our members, their employees, and what the future holds for us all.

News You Can Use

Economic news kicks off the week tomorrow with new home sales from August and consumer confidence figures from September. On Wednesday we’ll get August results for durable goods orders, while Thursday brings us a last look at late September jobless claims. We close out the week on Friday with personal income and personal spending data from August, retail and wholesale inventories data for August, and consumer sentiment data for September.

This is a very light week for earnings calls. Costco Wholesale is the spotlight company for the Tuesday calls and is joined by Cintas, Miller/Kroll, and Progress Software. Chipmaker Micron Technology is the headliner on Wednesday, and they’re joined by H.B. Fuller and Paychex. Nike, Accenture, CarMax, Vail Resorts, and Carnival are among the others with calls later in the week.

Michael J. Quaranta

President

Delaware State Chamber of Commerce

Uniquely Delaware

Delaware Median Household Income Increases by 8.3%

From CNBC

Amid an inflation crisis that saw prices up 9.1% year over year in June 2022, Americans’ incomes appear to have taken a hit. The U.S. median household income dropped by 2.3% to $74,580 in 2022, down from $76,330 in 2021, according to the U.S. Census Bureau.

While residents in some states saw median incomes drop by even more, household earnings in 16 states and the District of Columbia actually grew over the same period.

The median household income in Delaware jumped from $74,070 in 2021 to $80,750 in 2022, the biggest increase in the country in both percentage and dollar amount. Read more >

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