GBC Announces 45th Annual Mayor’s Business Recognition Award Winners

Each year, the Mayor of the City of Baltimore joins with the Greater Baltimore Committee and the Baltimore Development Corporation to recognize businesses that have demonstrated significant corporate leadership and service to improve the quality of life in Baltimore. The awards are given for specific activities or projects that...

Bridging the Gap Achievement Awards Nominees Announced

The Bridging the Gap initiative is dedicated to evolving the business culture of Greater Baltimore by developing and fostering relationships between majority, minority, and women-owned businesses. In addition to promoting a culture of diversity, equity, and inclusion in all organizations, the Bridging the Gap initiative provides targeted support and programming to help women and minority-owned businesses in Greater Baltimore succeed and grow. Each year, through the Bridging the Gap Achievement … Continue reading

Bloomberg: Fed’s Barkin: Now a Good Time to Pause and Observe Policy Impact

By Craig Torres November 5, 2019 Federal Reserve Bank of Richmond President Thomas Barkin says the central bank has taken out “insurance” against uncertainty facing the U.S. economy by cutting interest rates three times and “I hope we will see over the next six months the kind of impact you want to have.” “I think it is a good time though to pause.” Barkin talks with reporters Tuesday after speech … Continue reading

MarketWatch: Fed’s Barkin says recession is not imminent

By Greg Robb November 5, 2019 There is a risk that U.S. businesses could convince themselves that bad times are around the corner and actually cause a downturn, said Richmond Federal Reserve President Thomas Barkin on Tuesday. Right now, firms are frustrated with political polarization and there is a high degree of uncertainty about the outlook for government policies, Barkin said in a speech to the Greater Baltimore Committee Economic … Continue reading

The Baltimore Sun: Amid recession worries, Maryland officials look forward to end of federal sequester

By Lillian Reed November 5, 2019 A recession might be looming, economists say, but Maryland Board of Revenue Estimates Director Andrew Schaufele believes the state’s close ties to the federal government and the end of the federal sequester budget cuts in 2021 could buoy the state’s economy. During a panel discussion at Tuesday’s Greater Baltimore Committee meeting, Schaufele cautioned business leaders that he does not as a rule forecast economic … Continue reading

Reuters: Fed’s Barkin: It’s a good time to pause interest rates

By Lindsay Dunsmuir November 5, 2019 The U.S. Federal Reserve should hold interest rates steady for the time being after last week’s cut in borrowing costs and assess how the economy evolves, Richmond Fed President Thomas Barkin said on Tuesday. “I think where we’ve gone now is that we’ve taken out some insurance and that insurance, I hope, we will see over the next six months the kind of impact … Continue reading

GBC’s Economic Outlook Conference 2019 Presentations

The GBC’s 2019 Economic Outlook Conference took place on November 5, 2019. Guest speakers included Tom Barkin, President and CEO, Federal Reserve Bank of Richmond; Andrew M. Schaufele, Director of the Bureau of Revenue Estimates, Comptroller of Maryland; and Bernard Yaros, Assistant Director and Economist, Moody’s Analytics. The conference covered a wide range of topics, including the outlook for the U.S. economy and that of Maryland,  possible outcomes of the U.S. Presidential … Continue reading

Baltimore Choral Arts Society goes ‘On Tour’ with 2019-20 season

The Baltimore Choral Arts Society has brought music to the ears of Baltimore residents for 54 years, but the chorus anticipates that the 2019-20 season will be one of the most exciting yet. Leading into its appropriately named “On Tour” season, the arts organization has several announcements. The Baltimore Choral Arts Society is taking approximately 60 performers to Europe to sing one of the world’s most famous and most difficult … Continue reading

The Baltimore Sun: What makes Maryland ‘business friendly?’ Connecting people with jobs to start

By Baltimore Sun Editorial Board November 4, 2019 Too often, public transit is perceived as a handout to the urban poor that takes away from road construction, which is regarded as a more pro-growth, pro-business approach to transportation. Nothing could be further from the truth. And as Exhibit A, we would point to the letters dispatched recently from Baltimore’s top business leaders to Gov. Larry Hogan urging him to increase … Continue reading

The Baltimore Sun: Baltimore business leaders urge Hogan to increase MTA funding

By Colin Campbell October 31, 2019 Business leaders employing thousands of workers in Baltimore are urging Gov. Larry Hogan to increase funding to the Maryland Transit Administration for projects in the area, saying in a letter, “the inadequacy of the current transportation network is hindering workforce participation and economic potential in our region.” In a separate letter, some of the same business executives asked MTA Administrator Kevin Quinn to provide … Continue reading