Eye on the Economy: An Interactive Look at Maryland and the Regional Economy in July 2024
- The most recent jobs report showed that in July 2024, Maryland gained a total of 6,100 Total Nonfarm jobs.
- The official unemployment rate for Maryland remained at 2.8 percent.
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ATHENAPowerLink® Baltimore Women in Business Speaker Series
Thursday, September 5, Breakfast: 8:30 a.m., Program: 9:15 a.m.
Join April Richardson, Esq., an accomplished attorney and businesswoman, to learn about her career path from becoming a lawyer to switching careers to own and operate two retail bakeries and a robust baked goods manufacturing facility. April will share her journey and how she works to empower women to embrace action and innovation.
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StarTUp Accelerator Showcase
Thursday, September 12, 5:30–8 p.m.
Join the fellows of the StarTUp Accelerator as they pitch their ventures to campus, community, and business leaders at the annual StarTUp Accelerator Showcase. Enjoy networking and learning more about the StarTUp at the Armory
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Purpose + Profits Forum: How Businesses Can Create Better Futures for All
Thursday, October 17, 8–10:30 a.m.
Join the Grasmick Institute for a breakfast forum where we will hear from transformational leaders about how purpose-driven organizations can be a force for the greater good. Panelists include: Christine Aspell, Office Managing Partner, Baltimore, KPMG; Jeff Cherry, Managing General Partner, Conscious Venture Partners; Alison Omens, President, JUST Capital; and Jay Turakhia, Greater Baltimore Market President, Truist.
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Economic Outlook Forum
Thursday, November 17, 8:15–10 a.m.
Join RESI Chief Economist Dr. Daraius Irani for RESI’s annual economic forecast for our state, with a focus on how regional, national and international events and trends are impacting Maryland’s economy.
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The economics of Artscape: Can the outdoor arts festival bounce back after COVID?
The Baltimore Sun,August 3, 2024
Artscape, Baltimore’s renowned outdoor festival, opened for its’ 40th year from August 2 to August 4. With a budget of approximately $1.1 million, Artscape is expected to attract more visitors compared to 2023, when turnout was just 12% of pre-pandemic attendance. Before the pandemic, the festival's economic impact reached a high of $28.5 million, and the anticipation is to return and surpass those levels in the upcoming years. Daraius Irani, Chief Economist at RESI, emphasized Artscape’s significance for Baltimore, not just economically, but also for its broader impact on the city. He noted that the art festival was initially introduced in the 1980s to attract people to downtown, as many middle-class Americans were moving to the suburbs and leaving cities behind. Earlier analyses by the Regional Economic Studies Institute estimated that out-of-state visitors to Artscape spend between $175 and $250 on average, generating a return of $2.10 in gross domestic support for every dollar spent.
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