Local Economic Forecast Looks Sunny for First Time Ever - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Local Economic Forecast Looks Sunny for First Time Ever

Posted: Dec 19, 2017 11:11 PM Updated:
30th Annual Lower Shore Economic Forecast 30th Annual Lower Shore Economic Forecast

SALISBURY, Md.- Business leaders from all nine Maryland counties on the Eastern Shore came together in Salisbury on Tuesday morning to discuss the 2018 economic forecast.

One major finding from this year's study, conducted by the Business Economic and Community Outreach Network, was the local economy is projected to succeed the national for the first time in 28 years of research.  Director of BEACON Dr. Memo Diriker says this is a significant change. 

"For the first time in 28 years, they're saying the Eastern Shore is going to be doing better economically than the rest of the country. This is a big, big change," Diriker said.

Topics of concern for leaders at the meeting on Tuesday ranged from education to poultry plants to offshore wind.  Matt Drew with Lower Shore Wind says despite push back from Congressman Andy Harris and Ocean City officials regarding offshore wind turbines in Worcester County, the project will blow some big bucks to the Lower Eastern Shore.

"It'll add about between 40 and 60 jobs. It's about a 36 million dollar a year impact into the local economy," Drew said. 

President and CEO of the Salisbury Chamber of Commerce Bill Chambers says Maryland will suffer if other states are able to capitalize on this industry before we can. 

"Once again, let another state beat us to the punch, not only will we lose these jobs, but we'll lose other opportunities for other business to come to Maryland. Because once again, Maryland will be perceived as a business unfriendly state," Chambers said.

While taking advantage of these opportunities is key for Maryland, it looks like our economy will still have brighter days ahead in 2018.

 

  • Most Popular VideosMost Popular VideosMore>>

  • Salisbury Zoo Introduces Pinocchio the Bear to the Public

    Salisbury Zoo Introduces Pinocchio the Bear to the Public

    Today's the day many people along Delmarva's peninsula have waited months for. Pinocchio the Andean Bear made his debut at the Salisbury Zoo. And WBOC's Caroline Coles was there as Pinocchio adjusted to his new life here in Salisbury.

    More

    Today's the day many people along Delmarva's peninsula have waited months for. Pinocchio the Andean Bear made his debut at the Salisbury Zoo. And WBOC's Caroline Coles was there as Pinocchio adjusted to his new life here in Salisbury.

    More
  • Ocean City Responds to Lawsuit Against Topless Ordinance

    Ocean City Responds to Lawsuit Against Topless Ordinance

    The town of Ocean City is at the center of a new lawsuit that challenges an ordinance that prohibits women from being topless in public. 

    Five plaintiffs want to go topless on the beach and their lawyer says the town's ordinance violates the 14th amendment.

    More

    The town of Ocean City is at the center of a new lawsuit that challenges an ordinance that prohibits women from being topless in public. 

    Five plaintiffs want to go topless on the beach and their lawyer says the town's ordinance violates the 14th amendment.

    More
  • Payment Card Felony Prompts Search by Lewes Police

    Payment Card Felony Prompts Search by Lewes Police

    Lewes police are searching for a suspect wanted for one felony count of unlawful use of a payment card over $1,500. The suspect is identified as Cameron L. Powell, according to the Lewis Police Department. Powell, reportedly, has used an unauthorized business credit card at multiple Sussex County locations.

    More

    Lewes police are searching for a suspect wanted for one felony count of unlawful use of a payment card over $1,500. The suspect is identified as Cameron L. Powell, according to the Lewis Police Department. Powell, reportedly, has used an unauthorized business credit card at multiple Sussex County locations.

    More
Powered by Frankly

All content © Copyright 2000 - 2018 WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices