November 29, 2018

Economist Anirban Basu Rocks Annual Forecast Breakfast

He may be an economist, but Anirban Basu channeled his inner rockstar for this year's Economic Forecast Breakfast! Basu chose The Rolling Stones as the theme for his 2019 forecast titled "Brown Sugar: Deriving Satisfaction through Data Analysis."

As always, Basu started his presentation with an overview of the current economic year focusing on the global economy before touching on national markets. He then covered both the state of Maryland and Howard County. A startling piece of information shared was the fact that U.S. labor force participation among men ages 25-34 is the lowest it's ever been and doesn't show signs of increasing.

Closer to home, unemployment remains very low in Maryland, with the lowest rate, 3.1% here in Howard County. 
In a section titled "Gimme Shelter," Basu talked about the dramatic increase in foreign investment in the commercial/multifamily real estate markets over the past few years. The next section of the presentation, "19th Nervous Breakdown," included information about global debt reaching an all time high with global debt representing 318% of global GDP by 2018Q1.

Basu concluded with his 2019 forecast. He believes the U.S. economy is setting up for its best year since 2005, with abundant job opportunities, elevated corporate profits, and surging consumer and business confidence. Yet he wonders, "what could go wrong?" Basu says there are potential bubbles forming in Equity markets, the U.S. bond market, Commercial Real Estate and even Bitcoin. Basu predicts that the rest of "2018 will be fine - better than fine - 2019 might be too, but beyond that, potential deleveraging cycle prompted by a repricing of assets - Bad!!!!"
Thank you to all of our Annual Partners  and Event Sponsors who made the 2018 Economic Forecast Breakfast possible!
Webinar & Meeting Planned for 2019 Trip to Portugal

In case you missed the big announcement, the Chamber is headed to Portugal in 2019, and we've got a new travel partner!

Join a representative from Chamber Discoveries for a free webinar and a free in person meeting with all of the details about this once-in-a-lifetime trip to Portugal.

WEBINAR - December 12, 2018 - 3:30PM
Join the Webinar at

MEETING at Turf Valley - January 14, 2019 - 6PM

For more information about our 2019 Chamber Trip to Portugal, head to
We are thankful for many things this Thanksgiving, but especially, our newest members! Welcome to the Chamber!
We are also thankful for the following members who joined the Chamber this week in history!
  • Perry Moving and Storage - 6 Years
  • Grotto Pizza - 3 Years
  • Accident Fund Insurance Company of America - 1 Year
  • KC Company Inc - 1 Year
  • Link Financial - 1 Year
2019 Annual Partnerships Now Available

Without the support of our Annual Partners, whose logos appear above, we would not be able to continue to grow and advocate for our members. Whether you are a a current Annual Partner or not, we are now offering 2019 Annual Partnerships that help you maximize your exposure while ensuring the support this program needs.

You can see all of the available options and pricing for the  2019 Annual Partnerships here. Please contact  Leonardo McClarty at  443-878-1234 or by email to talk about the packages that would best fit your businesses' needs and priorities.
HCC's Fall 2018 Entrepreneurial Celebration

Join Howard Community College's Center for Entrepreneurial & Business Excellence for their Fall 2018 Entrepreneurial Celebration. The celebration, featuring the Rocket Marketing Competition, will be attended by Chamber President Leonardo McClarty who will be speaking.

December 4, 2018 - 5:30 - 8:30PM
Ribbon Cutting Ceremony Set for Lincoln Culinary Institute 

Come celebrate with us and welcome one of our newest Chamber members, Lincoln Culinary Institute!

December 13, 2018 - 11AM - 12:30PM
9325 Snowden River Parkway
Columbia, MD 21046
Comptroller Franchot Accepting Nominations for Local Business Excellence Awards

Comptroller Peter Franchot is now accepting nominations for a new award, called the "Cornerstone Award for Local Business Excellence", recognizing businesses that celebrate the guiding values of independence, innovation and investment that define Maryland's local business economy. 

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