WIB Committee Holds Gals on the Green Golf Outing
|
This week, CCCBI’s Women in Business Committee held their 4th Annual Gals on the Green Golf Outing in collaboration with the Exton Region Chamber of Commerce and the Greater West Chester Chamber of Commerce. Over fifty women took on the Phoenixville Country Club course for a nine hole scramble, followed by a cocktail reception.
Laura Manion, President and CEO of CCCBI, spoke on the advocacy initiatives of the chamber and the impact that women have both in business and in the community. Jolie Karp, Chair of the WIB Committee, commented on how networking events like Gals on the Green promote positive allyship and collaboration for women in business in both their professional and personal lives. Katie L. Walker, President of GWCC, also noted the importance of partnership between the chambers of Chester County in the pursuit of connecting women in business.
Floral arrangements for the reception were provided by new member, Merrythought Gardeners. Attendees were given the opportunity to purchase curated arrangements or create their own bouquets.
CCCBI is grateful for the support of our sponsors, partners, and participants, as we aim to expand the influence of our Women in Business Committee.
|
Federal Reserve Set to Raise Interest Rates to 16-Year High and Debate a Pause
|
The Federal Reserve approved another interest rate hike at the end of its meeting on Wednesday, but Fed officials signaled that they might stop raising interest rates going forward, marking a possible end to the bank’s consecutive 10 rate increase aimed at battling inflation. Stocks retreated after the decision, with the Dow industrials falling 0.8%, or around 270 points. Analysts suggest that Fed Chair Jerome Powell’s comments signal a shift in the central bank's decision-making process. “For the last 12 months, it has been all about inflation and the pace of employment growth,” says Blerina Uruci, chief US economist at T Rowe Price. “Now, perhaps, that is broadening. Banking-sector stress and credit conditions are going to be part of that calculation much more now.”
The bank’s next meeting is scheduled for June 13-14. Until now, officials have been looking for clear signs of a slowdown to justify ending rate increases. Powell indicated that this calculation could shift, with officials needing to see signs of stronger-than-expected growth, hiring and inflation to continue raising rates. With this latest rate increase, the Fed has raised its benchmark federal-funds rate by a cumulative 5 percentage points from near zero in March 2022.
It was previously thought that the Fed would need to add at least one more quarter-point rate rise before moving to the sidelines, but the bank's officials have been signaling growing divergence over the policy outlook recently. There are those urging greater caution about raising rates given the lagged effects of the banking stress and the Fed’s earlier increases, while others are more worried about stopping prematurely only to see economic activity and inflation remain strong.
|
Government Affairs Committee Meeting
|
The Chamber’s Government Affairs Committee (GAC) met this morning to discuss a robust agenda. Topics of conversation included housing costs, transportation, childcare, immigration reform, and an update on politics and policy in our state capitol.
Alex Rahn, the Chamber’s government affairs consultant of Wanner Associates, provided an Advocacy and Legislative Report of various introduced bills in Harrisburg pertaining to economic and workforce development, taxation and budget, transportation and infrastructure, energy, broadband, housing, health and human services, banking and more.
Alex and his firm track legislation for various chamber members across industries to provide updates that may affect their business. We had representatives from Chester County government, the Transportation Management Association of Chester County (TMACC), various non-profits throughout the county, and business folks from small, medium, and large business. It was a diverse group in many ways!
|
If you’re interested in getting involved in our GAC committee, please reach out to Laura at laura@chescochamber.org or our GAC Chair Caitlin Ganley at caitlin_ganley@comcast.com. The group meets on the first Thursday of every month at the Chamber offices.
|
Chester County Launches Crucial Broadband Survey
|
Chester County Government has created a one-minute crucial survey that will identify locations in the county where internet service is either non-existent or extremely limited.
|
Responses to this survey will provide greater detail on where the broadband shortfalls are within areas of Chester County, giving a clearer picture of the true impact on residents and businesses.
Survey results will assist organizations, internet service providers and municipalities in drafting and submitting the most complete and accurate application for State and Federal broadband expansion dollars.
|
Weatherstone Flats is dedicated to surrounding you with nothing but the best for you, your family, and your pets!
With a focus on luxury, Weatherstone Flats offers spacious one, two, or three-bedroom apartment homes in both modern apartment and private manor house styles. They also offer an extensive list of amenities to provide you with everything you could need in your own community.
The most important thing at Weatherstone Flats is to help you find your home in their three hundred acre community in Chester Springs.
|
Save the Date for The CCCBI Foundation's Summer Solstice!
|
We’d love to hear from and highlight your business! We are seeking member spotlight stories to include in our weekly newsletter!
Email your news to abby@chescochamber.org
|
|
