economic gardening

National Center for Economic Gardening

Five companies—ranging from a parking reservation app to a biotechnology compliance firm—graduated from the first-ever Advance Maryland program last year. Through coaching and exclusive resources, the initiative helped launch the cohort of second-stage companies even closer to their goals.

In its second year, Advance Maryland has selected an additional eight companies to participate in “economic gardening” activities, Governor Martin O’Malley, Lt. Governor Anthony Brown and the Maryland Department of Business and Economic Development (DBED) Secretary Dominick Murray announced this week.   Continue Reading…

Mikra Krasniqi is an economist at the Maryland Department of Business and Economic Development.

Mikra Krasniqi is an economist at the Maryland Department of Business and Economic Development.

September 2014

Insights on Maryland’s economy 

Mikra Krasniqi is an economist at the Maryland Department of Business and Economic Development.

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Judy Britz, Ph.D. is Executive Director of the BioMaryland Center within the Maryland Department of Business and Economic Development.

Judy Britz, Ph.D. is Executive Director of the BioMaryland Center within the Maryland Department of Business and Economic Development.

September 2014

Bio Pulse: Insights on life sciences in Maryland 

Judy Britz, Ph.D. is Executive Director of the BioMaryland Center within the Maryland Department of Business and Economic Development. The BioMaryland Center bolsters the State’s life sciences community and connects companies and researchers with resources to help market their ideas and products. 

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Carl Livesay is the Director of Manufacturing for the Maryland Department of Business and Economic Development.

Carl Livesay is the Director of Manufacturing for the Maryland Department of Business and Economic Development.

September 2014

Manufacturing Pulse: Insights on manufacturing in Maryland 

Carl Livesay is the Director of Manufacturing for the Maryland Department of Business and Economic Development. He works directly with manufacturers, their partners and associations to maintain and grow the State’s manufacturing industry through outreach programs and events. 

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Jeffrey Wells is Executive Director of Cyber Development and CyberMaryland within the Maryland Department of Business and Economic Development.

Jeffrey Wells is Executive Director of Cyber Development and CyberMaryland within the Maryland Department of Business and Economic Development.

September 2014

Cyber Pulse: Insights on cybersecurity in Maryland

Jeffrey Wells is Executive Director of Cyber Development and CyberMaryland programs within the Maryland Department of Business and Economic Development. He works to maintain and grow the State’s cybersecurity industry through outreach programs and events, including the Maryland Cybersecurity Roundtable and the CyberMaryland Conference.

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Hundreds of thousands of beauty products will travel from bins to boxes to customers from a new distribution facility in Perryman, Maryland. As one of the nation’s leading sellers of makeup, cosmetics and skincare, Sephora was seeking a new space to expand its inventory and workforce. Following a lengthy acquisition process, involving support from the Maryland Department of Business and Economic Development (DBED) and Harford County, the company cut the ribbon to its new facility last week.

Sephora, which has operated in Harford County since 2005, has upgraded to a 650,000 square-foot facility which will be used to fulfill online orders and retail shipments. The facility will retain its 410 employees and plans to add an additional 200 full-time jobs by December 2017. DBED contributed a $1 million grant, which will be paid out according to performance benchmarks. Harford County government also contributed economic development services to streamline the acquisition process.

Sephora President and CEO Calvin McDonald lauded Maryland’s workforce as “winners.”

“We could never have produced this if not for so many teams and so many people working together … it’s the people that truly make it work,” McDonald said. Continue Reading…

bmw-pdc-baltimore-2-750x500

High-end automaker BMW has reached a five-year deal with the Port of Baltimore.

Catch up on the latest Maryland business news.

Maryland business successes:

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Governor Martin O’Malley welcomes students back at the beginning of the school year.

Students across Maryland will find expanded access to new technology and resources thanks to $4.9 million in grants. The grants are aimed at fostering long-term economic growth in the State, Governor Martin O’Malley announced Thursday.

Nine Maryland school systems have been awarded $3.5 million toward their second round of Digital Learning Innovation Fund grants. The grants will enable students to interact with new and emerging technologies with an emphasis on workplace skills.

Additionally, the State has issued $1.4 million to four school system postsecondary education partnerships through the Early College Innovation Fund. The program promotes collaboration between local school systems and higher education institutions with the purpose of expanding college access.

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The InvestMaryland Challenge is back. In its third year, the State-sponsored competition will again award $100,000 prizes to Maryland’s top early-stage businesses, Governor Martin O’Malley, Lt. Governor Anthony Brown and Maryland Department of Business and Economic Development (DBED) Secretary Dominick Murray announced Wednesday.

The 2015 InvestMaryland Challenge will launch four new categories—Information Technology; Defense and Security; Life Sciences; and Sustainability and Exploration—making the contest more inclusive than ever. Grand prize category winners will each receive $100,000 grants. Applicants are also eligible to win other prizes, including cash grants, incubator space, marketing and legal services, and opportunities to pitch investors. All applicants will have opportunities to network with fellow entrepreneurs, judges, potential customers and partners.

Past winners have experienced rapid growth after completing the Challenge. Frederick-based Luminal, a grand prize winner in 2014, raised $10 million in additional investment and tripled the size of their staff. Likewise, North East-based i-Lighting, a grand prize winner in 2013, doubled the size of their facility, doubled their staff and launched several new product lines.

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BWI

BWI services roughly 60,000 travelers per day.

Few states can compete with Maryland’s diverse transportation network. Whether your business relies on the movement of people, products or both, Maryland has the resources to address your needs. The State, including the Maryland Department of Business and Economic Development (DBED), is also working to grow its world-class infrastructure and create new construction jobs.

Several transportation facilities are adding value and attracting new companies across the State, including the following.

The Port of Baltimore 

  • The Port of Baltimore is one of only two Eastern ports in the United States where the main shipping channel reaches a depth of 50 feet and a width of 800 feet. With the recent construction of a 50-foot container berth and four super-post-Panamax cargo cranes, the facility can now service some of the largest container ships in the world. The port’s convenient location is connected to six interstate highways, including the East Coast’s major thoroughfare, the Interstate 95 system and two Class I rail lines. The port also recently recorded record-breaking cargo hauls and is servicing more cruise ship passengers than ever.

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Diversified Packaging Products, Inc. is based in Queen Anne’s County, Maryland.

A veteran-owned company has received a helping hand from the Maryland Department of Business and Economic Development (DBED) through a $20,000 interest-free loan, DBED Secretary Dominick Murray announced Monday.

The loan was awarded to Grasonville-based Diversified Packaging Products, Inc., an Eastern Shore wholesale distributor that supplies barware and beverage accessories. The Military Personnel and Veteran-Owned Small Business No-Interest Loan Program is administered by DBED in consultation with the Maryland Department of Veterans Affairs (MDVA).

The company plans to use the funds to help the company finance equipment upgrades, including a new server, information management system and desktop computers. These are important components of the company’s ongoing expansion, according to James McCrea, a former captain in the United States Air Force. He and Mary Ellen McCrea founded the Diversified Packaging Products nearly 30 years ago, selling their original beer and wine gift boxes throughout the United States and internationally. They have recently expanded their product line to include various barware supplies and customizable accessories for the beverage industry.

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spectacular-homeCatch up on the latest Maryland business news.

Maryland business successes: