January 13, 2020

State Chamber Update

The 2020 Session of the 150 ^th General Assembly starts tomorrow in Dover. As House and Senate members return to work, they will be greeted with good news about the current standing of State finances. With strong numbers coming out of the December DEFAC meeting, I hope legislators will continue the fiscally constructive path we are on and, again, set aside reserves. My hope is that the General Assembly will invest in infrastructure repairs and upgrades and workforce development needs – all things that lead to long-term success for Delawareans and the businesses here in the First State.  

News You Can Use

This is a very busy week for economic news. On Tuesday, consumer price index numbers for December are made public, while on Wednesday, the December producer price index is released. On Thursday, the all-important December retail sales numbers are out, as well as November business inventory data. We wrap up the week on Friday with housing starts and building permits data for December, as well as industrial production numbers for last month. 

Michael J. Quaranta

President

Delaware State Chamber of Commerce

Tidewater Utilities, Inc., together with its wholly-owned subsidiary, Southern Shores, provides water services to approximately 47,000 customers for domestic, commercial and fire protection purposes in over 415 residential communities and commercial establishments in New Castle, Kent and Sussex Counties, Delaware.