Local Businesses Thrive During Baltimore's CIAA Week

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The CIAA basketball tournament brings millions of dollars to Baltimore each year, providing a major boost for local small businesses. The event offers opportunities for entrepreneurs to leverage community engagement, manage cash flow, and plan for business succession. Bank of America is hosting a financial summit during CIAA week to provide resources and guidance for small business owners.

Why it matters

The CIAA tournament is a significant economic driver for Baltimore, generating over $27 million in total impact. This influx of activity and spending is especially important for the city's small businesses, which make up the backbone of the local economy. By taking advantage of the increased foot traffic and engagement around the tournament, entrepreneurs can drive growth, hire new employees, and reinvest in their communities.

The details

The CIAA tournament brings millions of dollars to Baltimore, boosting small businesses across the city. Nearly three in four business owners expect revenue gains in the next 12 months, and many plan to expand, hire, and secure financing. Businesses can leverage the community engagement around the event by introducing targeted promotions, social content, and themed campaigns. Disciplined cash flow management is also critical, as business owners navigate inflation, interest rate hikes, and supply chain pressures. Succession planning is another key priority, as 40% of owners have yet to prepare for business transition.

• The CIAA tournament takes place annually in Baltimore.
• Bank of America is hosting the CIAA Money Moves Financial Summit on February 28, 2026.

What’s next

Bank of America professionals will be on site at the CIAA Money Moves Financial Summit on February 28, 2026 to offer insight and guidance for small businesses interested in building generational wealth and other financial strategies.