MESSAGE FROM THE PRESIDENT


March 25, 2024

“You are what you eat.” Remember hearing that? The “news” we consume is like that too, and many of us end up parroting what we’ve heard. Like some of you, I have family members and friends that navigate to a single news source, which becomes a reference point for much of what they believe and repeat. If I’m being completely honest, having conversations with them is sometimes frustrating. There is a solution, I believe, that can broaden perspectives and while it has always existed, it is often overlooked by many.


The business news, whether from Bloomberg, CNBC, our own Delaware Business Times, or others, is a very good source of information. Many people avoid business news options because it sounds complicated, stodgy, or boring. But think about it for a moment. Are companies investing or laying people off? What are the reactions to decisions made by the Federal Reserve? What industry sectors are “hot” or conversely, in decline?


As employers and employees, you understand the challenges businesses face daily from workforce shortages, supply chain hiccups, or pressures from competitors. Businesspeople are incredibly pragmatic, nimble, and creative. So if you want to know what is really going on, observe the decisions these people are making each and every day because they have no choice but to move quickly to remain viable. 

News You Can Use

The week starts off with new home sales figures from February. On Tuesday, we’ll see durable goods orders from February and an early look at the March consumer confidence figures. On Thursday, we’ll learn about pending home sales for February, and consumer sentiment for March. We wrap up on Friday with retail inventories from February, personal income and spending results from February, and comments by Fed Chair Jerome Powell. 


As this is the last week of the first quarter for many companies, it’s not surprising that only a few companies have scheduled earnings calls this week. GameStop and Progress Software are scheduled for Tuesday, while Paychex, H.B. Fuller and Cintas are scheduled for Wednesday. Walgreens headlines the Thursday calls, while Friday, March 29 is a stock market holiday with both the stock and bond markets closed. 

Michael J. Quaranta
President
Delaware State Chamber of Commerce

Uniquely Delaware

Delaware Ranked Third-Best State for Women Small Business Owners

The number of women-owned businesses in the U.S. increased 13.6% from 2019 to 2023, making up 39.1% of all of the country’s businesses, according to research from Wells Fargo.


Ranked third in the nation overall and boasting the highest percentage of women’s VC funding (deal count) per woman-owned businesses, Delaware is a great state for women small business owners to start and run their businesses in. Read more >

32%

Employer businesses owned by women, 2021

57%

Employment rate among women, 2022

21%

Female owned businesses with revenue $1M+

+ 17%

Change in women owned businesses (2012-2020)

13%

Percent of patents filed by women

6%

Womens VC funding per women-owned business (ranked first nationwide)

Promo Victory, a strategic promotional marketing company serving almost 500 clients nationwide, holds the distinction of being Delaware’s only minority-owned promotional company with the WBENC and CAS certification. Promo Victory is also a 2018 Marvin S. Gilman Superstar in Business award recipient.

Learn more

In Case You Missed It


Delaware Business Now


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Delaware State News


Delaware News Journal


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Upcoming Events

Spring Manufacturing & Policy Conference

Thursday, March 28

9:00 am - 1:00 pm

 

Delaware Technical Community College

100 Campus Dr., Dover

More Than the 9 to 5: Presented by the DYPN

Thursday, April 4

5:00 pm - 7:00 pm

 

University of Delaware Stadium, President's Suite

625 S. College Ave., Newark

Networking Breakfast at Delaware Safety Council

Thursday, April 11

7:30 am - 9:00 am

 

Delaware Safety Council

2 Penns Way, Ste. 201,

New Castle

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