Economic Developers Welcome Legislation to Improve State’s Business Climate, Spur Job Growth

Janice Riley, TIC Manager, Hagerstown Community College

Kicking off the 2018 MEDA Winter Conference was Julie Mussog, CEO of Anne Arundel Economic Development Corporation. Highlighting Maryland’s economic activities, Mussog mentioned that Maryland’s unemployment rate is 3.9%, 24th in the nation, under national average of 4.1% (as of November 2017). Governor Larry Hogan recently proposed expanding the “More Jobs for Maryland Initiative” and modernizing…

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Economic Development Stake Holders Agree: More Incentives and Less Regulation to Grow Maryland’s Economy

Sam Shoge, Economic Development Coordinator, Talbot County Government

Historic Inns of Annapolis hosted a gathering of economic developers from across the state of Maryland for the 2018 MEDA Winter Conference. On the agenda was “Maryland Business Leadership Report,” a panel discussion moderated by Sean Looney, Vice President for State Government Affairs at Comcast NBCUniversal, and the topic of conversation revolved heavily around the…

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Maryland Department of Housing and Community Development Announces Community Development Block Grant Awards as Part of Homelessness Initiative

Sara Luell

Approximately $1.5 million awarded to programs serving the homeless   NEW CARROLLTON, Md. — The Maryland Department of Housing and Community Development today announced the recipients of special Fiscal Year 2018 grants through the Community Development Block Grant program. Awarded as part of a homelessness support services initiative, nearly $1.5 million will be distributed to programs…

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State Announces Maryland Apprenticeship Ambassador Program

Theresa Blaner

Regional Manufacturing Institute Named First Ambassador BALTIMORE, Md. — Today, Maryland Labor Secretary Kelly M. Schulz announced the launch of the Maryland Apprenticeship Ambassador Program, an incentive program that raises awareness about registered apprenticeships and encourages job seekers and businesses to engage in apprenticeship opportunities. The announcement was made at an event hosted by the Regional…

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Harford County Retains Triple-A Bond Ratings; Highest Possible Ratings Reduce County Borrowing Costs

Karen Holt

BEL AIR, Md. — Harford County has retained its Triple-A bond rating from all three of the nation’s major independent bond-rating agencies. Standard & Poor’s, Moody’s, and Fitch have each reaffirmed their highest possible rating for Harford County, citing the county’s strong economy and well-managed county government.  Triple-A bond ratings reduce the cost of borrowing to…

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HCEDA Releases Economic and Fiscal Assessment Regarding the Howard County Adequate Public Facilities Ordinance (APFO) Legislation

Sandy Sponaugle

In preparation for tonight’s Public Hearing on the proposed Howard County Adequate Public Facilities Ordinance (APFO) legislation, also known as CB01-2018, the Howard County Economic Development Authority (HCEDA) is releasing an independent high-level assessment of the possible impact of CB01-2018. One of roles the HCEDA plays in the community is to provide research data and information to…

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University of Maryland UAS Test Site Adds TigerSharks to Fleet

Sandy Sponaugle

The University of Maryland Unmanned Aircraft System (UAS) Test Site today announced the acquisition of 11 TigerShark vehicles to enhance and expand the site’s long-range testing efforts. The new vehicles, which add to the UAS Test Site’s fleet of more than 40 rotary-wing, fixed-wing, and hybrid aircraft, can carry up to 100 pounds of payload,…

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Twelve Anne Arundel County Businesses Receive Travel Awards Through the Runway to Success Program Powered by Southwest Airlines

Rosa Cruz

ANNAPOLIS, Md. — A dozen county-based small businesses will take advantage of out-of-state sales opportunities and employee training events thanks to the Runway to Success Program Powered by Southwest Airlines. The program, which is an initiative of the Anne Arundel Economic Development Corporation (AAEDC), provides a Southwest Airlines roundtrip flight e-pass to qualified companies wishing to travel…

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Maryland Commerce Designates, Redesignates and Expands Three Enterprise Zones

Maureen Kilcullen

Zones help to revitalize communities, attract businesses and create jobs BALTIMORE, Md. — The Maryland Department of Commerce has designated and expanded two enterprise zones in the state, and redesignated and renewed multiple focus areas. The Tilghman Enterprise Zone in Talbot County has been approved for a new enterprise zone within the Village of Tilghman to…

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Merritt Properties Secures Additional Capital Investment of up to $400 million from Almanac Realty Investors

Sandy Sponaugle

BALTIMORE, Md. — Merritt Properties announced today that it has entered into an agreement with an investment fund managed by Almanac Realty Investors (“Almanac”), under which the fund has committed up to $400 million of capital. It is expected that the investment will allow Merritt Properties to grow its portfolio by 20 to 30 percent through…

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