PAID
MAIL MOVERS
PRSRT STD US POSTAGE
Business Journal PO Box 510 Salisbury, MD 21803-0510
The Regional Chamber Newsletter
Vol. 15 No.1
Dedicated to the Principles of Free Enterprise
August 2011
FRUITLAND Fruitland is a Banner City on the move. Pages 18-24
membership
1,000 members! The Salisbury Area Chamber of Commerce is kicking off a drive to add 250 members. Page 5
INSIDE
The Franklin P. Perdue School of Business building is one of the newest additions to the campus of Salisbury University. See what is happening in the field of education on pages 28-35. Photo courtesy of Salisbury University
Financial impact of education boosts economy on the Shore By Al Higgins
Ad Directory................................... 6 Barometer.................................... 11 Business After Hours......10, 17, 25 Business Directory.................36-37 Calendar........................................ 4 Education...............................29-35 Health.......................................... 12 Investing...................................... 26 Insights........................................ 14 Member Renewals........................ 4 New Members............................... 9 Personnel File............................. 27 Salisbury University..................... 35
Education is big business on Delmarva. When we look at institutions such as Salisbury University (SU), Wor-Wic Community College (WWCC) and the University of Maryland Eastern Shore (UMES) we often think of tuition, books, room and board and other expenses associated with gaining a college degree. These expenditures are very real, but it’s important to keep in mind that these same institutions contribute greatly to the community. Alan Selser, chief budget officer at SU, is responsible for overseeing the university’s budget. “Our overall budget
for 2011,” Selser stated, “is $143 million dollars. Of that $83 million is paid in the form of salaries.” However, the financial impact of SU goes well beyond their budgeted dollars. The Business, Economic and Community Outreach Network (BEACON) released a study in 2005 which determined that SU annually contributes $350 million to the Lower Eastern Shore economy and generates the equivalent of 3,000 local jobs. The report went on to state, “The $351 million that is generated each year through the spending of Salisbury’s students, faculty, employees and visitors is vital to the strength of our regional economy.”
Salisbury Area Chamber of Commerce Patrons
www.salisburyarea.com
Brad Bellacicco, executive director of Salisbury Area Chamber of Commerce (SACC) said, “Salisbury University is a major economic engine for our community.” He went on to say that its presence is of benefit because of the quality of the faculty, staff and students it brings to the community. He further pointed out that the Perdue School outreach program helps to elevate the professionalism of the Lower Eastern Shore community. Aside from academics, SU also generates cash within the community by sponsoring the popular Sea Gull Century bike ride. Each year 6,000 or so Continued on page 28