MESSAGE FROM THE PRESIDENT


September 15, 2025

Over the last five decades, Americans have steadily relocated to the coasts and the southern states, creating what looks like a big letter “U” on the population map of our country. While this has contributed to growth in these states, including Delaware, this development comes with challenges and opportunities for state and local governments, and some businesses, too.


For us, the challenge comes in the form of Mother Nature. According to the U.S. Chamber, “In 2024 alone, the U.S. experienced 27 separate billion-dollar disasters totaling $182.7 billion in damages. That marked the fifth consecutive year with 18 or more such events, underscoring a new normal for communities across the country.” The issue here is straightforward: more severe weather events create greater risk and potential expense in areas of higher concentrations and development densities. 


On the other hand, the opportunity is for communities to invest in layers of resilience with risk-informed design that includes modern building codes, proper zoning, and hazard mapping. Some locations will need resilient power and water, transportation, and communications systems that will hold up when storms arrive.


Locations along our coastlines are very desirable—people want to be there, and that’s a wonderful thing. There is a lot of work to do to be prepared for when the worst comes, and we’ve taken many steps to be resilient. However, more needs to be done, and that comes at a cost for everyone. The “rebuild” after disaster strikes is ten times more expensive than the cost of doing things right the first time. Let’s do all we can to be best in class.

News You Can Use

U.S. retail sales for August, import price index for August, business inventories for July, and the home builder confidence index for September are released tomorrow. Wednesday brings us August housing starts and building permits, along with a press conference from Fed Chair Jerome Powell. Initial jobless claims for September and the Philadelphia Fed manufacturing survey round out the week on Thursday.

 

This is another light week for earnings calls. Hain Celestial and Dave & Busters are scheduled for today, followed by Ferguson Enterprises on Tuesday. Cracker Barrel Old Country Store and General Mills both have calls scheduled for Wednesday. Thursday rounds out the week with calls from FedEx, Darden Restaurants, and FactSet.

Michael J. Quaranta

President

Delaware State Chamber of Commerce

At Schell Brothers, happiness is at the heart of everything they do. They build beautiful homes and vibrant communities in Delaware, Richmond, Nashville, and Boise—driven by smart design, quality craftsmanship, and real connection.

In Case You Missed It


Cape Gazette


Delaware Business Times


Delaware Online


Spotlight Delaware


WHYY

Upcoming Events

Networking Breakfast at UD Athletics

Thursday, September 18

7:30 am - 9:00 am


Whitney Athletic Center

631 S. College Ave., Newark

Developing Delaware

Thursday, October 9

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Delaware Technical Community College

100 Campus Dr., Dover

27th Annual Superstars in Business Luncheon

Wednesday, November 5

11:15 am - 1:45 pm


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