Pull the trigger
Sometimes we get so bogged down we don’t accomplish much of
anything. Lately, I have found myself
corkscrewed into the ground keeping all the plates spinning. I am logging the most hours in my 28 years in
my profession and feel the tipping point approaching.
This is the point where many American companies find
themselves. Productivity up. Profits up. Most executives and owners trying to gauge
expansion timing. It’s a balancing act, difficult
to achieve. I’d say if you were going to
pull the trigger, now is the time.
American workers are more efficient than any other
modernized nation prior, during and coming out of the recession. With unemployment in Broward County at 9.3
percent and production increasing, now is the time to capitalize. Indeed, my discussions with CEOs back that up
as our economy bumps along and they focus on key hiring decisions.
Your Chamber understands that economic and trend data are
keys to sound management decisions. In
fact, one of the goals of your Chamber this year is to organize a council of
economic advisors that will move us closer to getting ahead of the curve, relaying
information to our leadership and partners.
Recently, several Chamber leaders participated in a
conference call with the Federal Reserve Bank of Atlanta’s Dr. David Altig,
senior vice president and director of research.
Our regional approach will be modeled after several successful programs
and will be led by Chair Chris Madsen and Director Dick Clark.
The Fed is good at gathering and analyzing information, and
Altig encouraged us to move forward working with their Miami Unit. Our next meeting is set for June and I expect
this group to be seated by the end of July.
What comes out of this will be timely local data you can use in making sound
As we continue to cultivate value added services and
research, I encourage you to participate and invite others, too.