What's the big deal?

Issue 7.09

February 26, 2021

PRESIDENT'S MESSAGE:

Economic Impact: $7.2B

The poultry industry plays a big part in Delaware’s economy and directly employs thousands of people. The industry indirectly impacts thousands more, including our farmers that grow grain for feed, our bankers that finance associated businesses and so on. Read more >

Update from DSCC's Tax Committee

The Tax Committee met earlier this week and discussed several key issues and policy proposals that will not only impact the business community but all Delawareans. Three particular issues were discussed:

An increase to minimum wage
New personal income tax brackets
A proposed new State-run IRA program called Secure Choice

The Chamber is looking for feedback on how any of these proposals may impact your company or employees. Please direct feedback to Tyler Micik at tmicik@dscc.com.

To successfully build the workforce of the future, we must constantly innovate and invest in the economy's most important resource — human capital.

The new economy competes on talent, yet the the current approach to financing talent development was built for a different era and economy. In this dynamic economy, jobs — and the skills required to fill those jobs — are constantly evolving. Talent Finance explores a new public-private approach to investing in people and skills that keep pace with innovation and advance economic opportunity, inclusion, and competitiveness. Read more >

Tight on Talent

Source: Conger Industries, Inc.

BUSINESS SPOTLIGHT:

GRISWOLD HOME CARE

"At Griswold Home Care, we will always value the connections created through our commitment to compassionate home care and the impact that it will have on the lives of our clients and their families.” Read more >

The Minimum Wage Debate

Source: Federal Reserve Bank of St. Louis

INTERVIEW WITH BAY TO BAY NEWS:

Michael Quaranta, president of the Delaware State Chamber of Commerce, believes that while well-intentioned, a minimum wage increase would backfire.

“Sadly, the very people policymakers intend to help will be the ones left behind,” he said.

Mr. Quaranta would like to see state officials focus on job training programs like Forward Delaware, which can set people up for careers in fields like health care, IT, construction and hospitality. The trades pay well and have a shortage of skilled employees, in part because of the overemphasis on higher education, he said. Read more >