Cincinnati Chamber Newsletter | April 26, 2023

Weekly Newsletter

April 26, 2023

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Cincinnati USA Regional Chamber Newsletter

Get ready for an amazing weekend filled with delicious Asian cuisine and vibrant cultural experiences, as the Cincinnati region's biggest celebration of Asian culture and cuisine returns for its 12th year. Presented by Kroger and P&G, Asian Food Fest has continued to grow and will feature nearly 50 food vendors and over 100 talented performers throughout the weekend!


This year, Asian Food Fest received a record number of applications and had the difficult task of narrowing it down to an incredible offering of vendors that shape and define this unique cultural event. The event will feature 39 restaurants and food trucks and the fan favorite “Secret Meu” will expand to nine, making for a total of nearly 50 food vendors representing 15 Countries – by far the largest in the event’s history. Check out the more than 170 menu items that will be available this weekend here.


Comedy, cultural activities, and karaoke will highlight the entertainment line-up for Asian Food Fest 2023. The first-ever “Eastern Eats and Vocal Beats Karaoke” Contest, presented by Tokyo Kitty, will take place on Saturday, April 29, 2023 from 8:00 - 10:00 PM. I can’t wait to see the amazing vocal talent we have in our community. If you’re so brave, you can register here.


Asian Food Fest  will take place on Court Street in downtown Cincinnati April 29-30. You can check out everything that’s happening by visiting asianfoodfest.org or following them on Facebook on Instagram.


The Cincinnati Chamber is proud to partner with the Asian American Cultural Association of Cincinnati to produce the event. It has been amazing to see the Asian Food Fest grow and become such a beloved event for our community. All Cincinnati Chamber events strive to bring the entire community together to celebrate as one and infuse the area with energy and excitement. These expansive events promote diversity, invigorate the community, drive local economic growth, and foster a sense of community spirit. I hope you’ll join us this weekend!

Audrey Treasure

JILL MEYER

Chief Executive Officer

Cincinnati USA Regional Chamber

Workforce Innovation Center

Economic Update from the Center for Research & Data

Last week, the Bureau of Labor Statistics released the latest Consumer Price Index (CPI) report and the topline number of 5% year-over-year price growth was very positive. That 5% represents a one percentage point decrease from the February figure and a trend in the right direction toward the Federal Reserve’s 2% target. The monthly increase in the CPI index was 0.1%, down from 0.4% in February and 0.5% in January. The Federal Open Market Committee will meet again on May 2nd to decide whether they should continue to raise interest rates. The Effective Federal Funds Rate currently stands at 4.83%, and the expectation is that the FOMC will raise their target rate to a range between 5% and 5.25%. The FOMC has raised the target rate nine times since early 2022 and, based on their own forecast for peak interest rates, this may be the last interest rate hike we see in 2023. Markets have reacted to the possibility of a soft landing for the economy, and the S&P 500 is up more than 7% so far this year.

Year-Over-Year Change in CPI

Monthly Percentage Change in CPI

Effective Federal Funds Rate

S&P Index | 2023 YTD Percentage Change

View Larger Charts

APPLICATIONS FOR LEADERSHIP CINCINNATI AND WE LEAD ARE OPEN

The Leadership Center at the Cincinnati USA Regional Chamber offers a continuum of leadership development programs for employees at all stages of their careers. These facilitated training programs prepare employees to lead confidently and effectively, while also serving as a powerful retention strategy. Leadership Cincinnati is an immersive civic engagement and development program for established leaders in c-suite or senior executive positions, while WE Lead is a 10-month leadership development experience for high-potential, goal-oriented women looking to advance their careers. Both programs offer professional development and networking opportunities and allow participants to deepen their ties to the Cincinnati region.
Learn more about Leadership Cincinnati | Learn more about WE Lead

If you have not filed your 2022 tax returns or if you are filing an extension, take advantage of lowering your taxable expense this year. Call Ed Sawyer at Business Group Resources, Chamber Benefits Member, to get your no cost no obligation analysis of how much you can save through Tax Credits. Call 513.200.1661 or email to ed.sawyer@businessgroupresources.com

UPCOMING EVENTS

Member Benefits 101

April 27, 2023 | 8:30 - 10:00 a.m.
Member Benefits 101 is the perfect opportunity for all types of businesses to learn about Chamber membership, how to get connected to your network of fellow Chamber members, and how to get engaged with the Chamber offerings that best benefit you and your business. Join us in person at the Cincinnati Chamber to hear from the Chamber team about maximizing your ROI on membership, our cost saving programs, setting up your Chamber account, and connecting with fellow Chamber members.

REGISTER

2023 Think Tank on Equity Inclusion

April 27, 2023 | 8:00 a.m. - 2:00 p.m.

This event will present bold strategies to measurably advance health and wealth equity for Black and Brown communities by addressing social determinants of health, scaling minority-owned businesses, and creating other unique opportunities. Jordan Miller, Chairman & CEO of Adelphi Bank, the only Black-owned bank in Ohio is the featured speaker. 

REGISTER

Monthly Member Briefing | Keynote: Jill Meyer, CEO of the Cincinnati USA Regional Chamber

May 4, 2023 | 8:00 - 9:00 a.m.

Join us virtually at our next Monthly Member Briefing on Thursday, May 4th at 8 a.m. with keynote speaker, Jill Meyer, the CEO of the Cincinnati USA Regional Chamber.

Following our keynote and Q&A, you'll hear from our member showcase companies. The program will conclude with updates from our ChamberComp partner, Sheakley, and a member of the Cincinnati Chamber team.

REGISTER

Diversity in STEM | Session IV: Innovation Today & Tomorrow

May 11, 2023 | 8:30 - 10 :00 a.m.

Join us for the fourth session of our Diversity in STEM series, hosted at UC Digital Futures. This session will feature speakers Candice Matthews Brackeen, Executive Director and Founder of the Lightship Foundation, and Dr. Whitney Gaskins, Founder of the Gaskins Foundation and Assistant Dean of Inclusive Excellence & Community Engagement at the University of Cincinnati. We will be discussing all things innovation in the field of STEM.

REGISTER

Hello Cincy Social Hour

May 16, 2023 | 5:30 - 7:30 p.m.

Grab a friend and join us for happy hour at the Kinley Hotel Exchange Bar. Drop by for 30 minutes or stay for the full two hours, we are just excited to meet you! Registrants can enjoy their first drink for free. Walk-ins are welcome!

REGISTER

Cincy Blend: Coffee & Connections

May 17, 2023 | 8:15 - 9:30 a.m.

It’s busy season at the Ohio Statehouse and we want to put you in the center of the action! Join us for a reinvigorated Columbus Drive-In where we will spend a day on Capitol Square advocating for our regional priorities and the issues of most importance to you and your organization.

REGISTER

Columbus Drive-In

May 17, 2023 | 7:00 a.m. - 5:00 p.m.

It’s busy season at the Ohio Statehouse and we want to put you in the center of the action! Join business and civic leaders for a reinvigorated Columbus Drive-In. We’ll spend a day on Capitol Square advocating for our regional priorities and the issues of most importance to you and your organization. The General Assembly will be in the height of budget negotiations and seeking to move bills through the legislature ahead of the summer recess—an impactful time to grab a legislator’s ear.

REGISTER

Washington DC Fly-In

June 14-15, 2023 

A Region at the Forefront: Maximizing Investments, Raising Our Profile, Growing Our Workforce. Join business and civic leaders as we address these issues with thought leaders in our nation’s capital.


This all-inclusive, overnight advocacy trip carries the voice of our region to Capitol Hill as we meet with members of Congress and key leaders on critical regional priorities.

REGISTER