Page 10 - July 2022 Issue.indd

Caroline Economic Development facing businesses today. Mike Malandro, President and CEO
of Choptank Electric and Choptank Fiber, announced that
Facilitated Recent Symposium grant funding had been allocated for broadband in Caroline
County. He anticipates that all Caroline customers will have the
By Debbie Bowden, Director availability of signing up for Choptank Fiber by the 2023-2024
Caroline County Economic school year. Melissa Quirk, President and CEO of Provident
Development State Bank, spoke to current state of liquidity and capital
markets, and noted how PSB has been and will continue to be

The Caroline Economic Development

flexible and responsive to its customers’ needs.
team facilitated an economic symposium
on June 2, featuring economist Anirban We were also fortunate to have Houston Mason, an adjunct
Basu. Approximately 130 business professor at Georgetown University in the Master’s of Supply
representatives and partners fi lled the
warehouse-turned-conference room to learn from Dr. Basu
the latest economic news and forecasting.
His presentation is online at https://www.carolinebusiness.
com/symposiumagenda/. There are charts and graphs of
data showing past performance, information he and other
economists use to inform economic forecasts. Not surprising,
the forecast is not one of growth and economic prosperity. GONDECK INSURANCE AGENCY
Inflation, the Russian/Ukraine war, and labor market issues 8543 Legion Road

will impact the economy through 2023. Denton, MD 21629
In addition to Dr. Basu’s presentation, it was an honor to johnhg2020@goeaston.net
have four executives provide insights into issues that are 410-479-2463 / 410-310-1597

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