By coming together to discuss possibilities and solutions, we can be proactive about the impending changes to our economy.
Cambridge, MD (PRWEB) November 19, 2012
Hosted by Comptroller Peter Franchot and the Board of Revenue Estimates, the forum generated productive discussion regarding the economic conditions and challenges to Maryland’s economy. The invited business leaders were called upon to participate in panels to speak to particular industries or areas such as banking, real estate, manufacturing, and consumer behavior.
The data collected through this forum will be studied in preparation for the Board’s pivotal December meeting at which the state’s official revenue estimates will be updated. Banks was engaged in the meeting as a representative of Cambridge International on the Manufacturing, Distribution, and Defense Panel.
Each panel was charged with answering key questions concerning the state and how companies are assessing their strategies for dealing with the “fiscal cliff” and the possibility of tax increases and spending cuts. Banks spoke specifically to the ease of employing and retaining qualified employees and changes in business demand.
“By coming together to discuss possibilities and solutions, we can be proactive about the impending changes to our economy,” Banks says. “A comprehensive meeting-of-the-minds is necessary to consider how decisions will affect businesses and consumers in Maryland.”
The forum, which was held at the Louis L. Goldstein Treasury Building in Annapolis, MD, closed with remarks from Treasurer Nancy K. Kopp, Secretary of Budget and Management T. Eloise Foster, and Maryland Comptroller Peter Franchot.
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With a heritage that dates back to 1911, Cambridge International is a global industry leader, expanding to include three distinct divisions – Cambridge Engineered Solutions, Cambridge Architectural, and Cambridge Environmental Technologies. Based on Maryland’s Eastern Shore, with five manufacturing locations around the world, the company is recognized as a pioneer in engineering and manufacturing. Employing over 400 team members, Cambridge is actively growing and expanding as it continues to develop innovative product solutions to help its customers, and are thusly poised to evolve and grow into the next century.