Barrel manufacturer purchases lot in McHenry Business Park

Sandy Sponaugle

OAKLAND — The first tenant to move into the McHenry Business Park could be Free State Cooperage LLC, a manufacturer of custom-crafted American oak whiskey and wine barrels. The Garrett County commissioners signed a resolution on Dec. 3, selling Lot 16 in the park to the company for $60,000. “Construction could start, perhaps, tomorrow,” county…

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Economic Development Legend Dick Story Named to Kent County EDC

Emily McCoy

The Kent County Commissioners are pleased to announce the appointment of Richard “Dick” Story to the Economic Development Commission.  He was appointed on December 4, 2018 to fill the unexpired term. Dick is a native of Kent County and a 1963 graduate of Kent County High School and was awarded a ‘Graduate of Distinction’ designation….

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Iannucci to Lead Prince George’s EDC

William J. Ford

A former economic development expert under the Baker administration will remain in Prince George’s County. David Iannucci, who former County Executive Rushern L. Baker III credited for his help to boost business and residential projects in Prince George’s, will serve as president and CEO of the Economic Development Corp., a quasi-governmental agency that works to…

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Governor’s Office of Small, Minority & Women Business Affairs Partners with City and County Officials to Host Small Business Workshop in Frederick

Alison Tavik

Local Businesses Receive Governor’s Citation ANNAPOLIS, MD – The Governor’s Office of Small, Minority & Women Business Affairs presented three Frederick small businesses leaders with a Governor’s Citation during its signature Ready, Set, GROW! Procurement Connections Workshop today, held at the Frederick Community College in collaboration with city and county officials. Nearly 70 small business owners…

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TEDCO Announces New Round of Pre-Seed Builder Fund Program Recipients

Tammi Thomas

Fund aids in ongoing development of underserved start-up companies COLUMBIA, Md. (December 3, 2018)—TEDCO, Maryland’s economic engine for technology companies, announces its recent round of startups receiving funding and mentorship through the organization’s Pre-Seed Builder Fund. Companies selected for a Builder Fund investment also receive executive-level support to best position them to receive follow-on investment…

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Maryland, Montgomery County Announce Support for Biotech Company Expansion

Sandy Sponaugle

REGENXBIO plans to double its workforce within five years at new HQ, R&D facility in Rockville BALTIMORE, MD (December 3, 2018) – Maryland today joined with Montgomery County to announce support for the expansion of REGENXBIO Inc., a leading clinical-stage biotechnology company specializing in gene therapy. The company announced plans to move into a new 132,000-square-foot headquarters and research…

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MARYLAND STANDS READY TO ASSIST WORKERS AFFECTED BY GENERAL MOTORS PLANT UNALLOCATION ANNOUNCEMENT

Maureen Kilcullen

BALTIMORE, MD (November 26, 2018) – Maryland Department of Commerce Secretary Mike Gill and Maryland Department of Labor, Licensing and Regulation Secretary Kelly M. Schulz issued the following statement regarding General Motors’ decision to unallocate the plant located in White Marsh, Md.: “The decision by GM not to allocate new products to the White Marsh facility…

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Cybrary to Relocate, Expand in Prince George’s County

Sandy Sponaugle

Online cybersecurity training company to add more than 200 new jobs  BALTIMORE, MD (November 26, 2018) – Cybrary, a Prince George’s County company offering free online cybersecurity training programs, plans to expand and add more than 200 new jobs in the county. The company will relocate its headquarters to an interim space of nearly 11,000 square…

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Rural Economic Development Loan and Grant Program Now Open

Sandy Sponaugle

USDA is seeking Fiscal Year 2019 applications for projects that promote economic development and create jobs in rural areas. Funding is being provided under USDA’s Rural Economic Development Loan and Grant (REDLG) Program. This program supports rural projects through local utility organizations. USDA provides zero-interest loans to utilities which they, in turn, pass through to local…

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MARYLAND COMMERCE SUPPORTS SMALL, MINORITY BUSINESSES WITH $5.5 MILLION IN FINANCING

Karen Glenn Hood

BALTIMORE, MD (November 19, 2018) – The Maryland Department of Commerce today announced that 12 small and minority-owned businesses have received more than $5.4 million in loans and lines of credit through the Maryland Small Business Development Financing Authority (MSBDFA). The businesses will use the funding to support expansions, as well as for working capital and equipment…

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