Throughout human history, chemistry has played a central role in developing new materials and innovative solutions to overcome societal challenges. At the same time, science, when working in concert with business, has been a truly powerful engine for prosperity. Proficiency in both disciplines is fundamental for professionals to be more productive, work more harmoniously and provide a better quality of life. This essay will discuss how growth in population and material consumption point to an expanding role for chemists and chemical engineers who also understand business. It will also highlight how the influence of government and media in society calls for the increasing participation of technologically savvy professionals in these sectors. Finally, examples will be given on how CM&E, the business and technology topical group of the American Chemical Society (ACS) New York Section, created new programs that have strengthened the support for science, technology, engineering and mathematics (STEM) education and helped ACS engage the public.