REMINDER: CARDIN TO DISCUSS IMPACT OF SEQUESTRATION
*** MEDIA ADVISORY***
CONTACT: Sue Walitsky, 202-320-0819
April 12, 2013
CARDIN TO DISCUSS IMPACT OF SEQUESTRATION
& FEDERAL BUDGET BATTLES ON
HOWARD COUNTY BUSINESS COMMUNITY
TODAY, On Friday, April 12, U.S. Senator Ben Cardin (D-MD) will host a roundtable discussion for Howard County businesses to discuss the impact of sequestration and ongoing federal budget battles on the Howard County business community. Howard County Executive Ken Ulman, Howard County Economic Development Authority CEO Larry Twele and Howard County Chamber President & CEO Pam Klahr will also attend the roundtable discussion.
Many businesses in Maryland depend on the federal government for contracts. The U.S. Department of Defense (DoD) has estimated that sequestration could result in cuts to procurement budgets of more than $49 billion over 10 years. Such cuts could result in a loss of more than 282,400 jobs nationwide among suppliers and vendors who depend on DoD primary contractors.
On March 1, sequestration – automatic, across-the-board spending cuts – began to take effect. Unless Congress acts, sequestration requires $42.7 billion in cuts to defense programs and another $42.7 billion in cuts to non-defense programs over the next year. Cuts of this magnitude will have a profound effect on Maryland and our entire nation.
· WHAT: Senator Cardin to hold roundtable discussion about the impact of sequestration and federal budget battles with Howard County business leaders
· WHEN: TODAY, Friday, April 12 at 1:30 p.m.
· WHERE: Howard Community College
Ecker Business Training Center, Room 6
6751 Columbia Gateway Drive
Columbia, MD 21044