Sparrows Point, Maryland, once home to a thriving steel mill, is poised for redevelopment and job creation, thanks to a new public-private partnership, Lt. Governor Anthony Brown announced following a gathering of stakeholders Thursday.
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Zentech Manufacturing is no stranger to the ever-changing manufacturing industry in Maryland. The contract electronics manufacturer formed in 1998 and settled its operations in Windsor Mill in Baltimore County, where it still resides today.
The company produces components, assemblies, and finished goods for its customers while supporting a wide range of industries in the State – including medical, military and defense, aerospace, broadband, and networking and telecommunications.
Zentech also provides high-speed and precise printed circuit board (PCB) assembly, helping operate nearly all types of electronic products on the market.
Take a look inside Zentech’s 42,000 square-foot facility in the above video.
From crab pots to advanced telecommunications components, Harford Systems, Inc. produces a diverse selection of custom manufactured metal products.
But despite its massive facility filled with machinery, Harford Systems president Ralph Ahrens claims it’s the employees who really power the company.
Learn more about this enduring Maryland manufacturer in the above video.
The funding, provided by DBED’s Maryland Economic Development Assistance Authority and Fund (MEDAAF), will be used to install fiber optics throughout the Princess Anne Industrial Park.
The U.S. Department of Agriculture (USDA) will assist with the broadband expansion by contributing $137,000. The Maryland Broadband Cooperative will supervise the installation while providing labor, equipment, materials and testing throughout the park.
“Investments in broadband expansion translate into additional opportunities for Marylanders and continued economic growth,” said Lt. Governor Brown. “We’re committed to making investments like this one a priority to ensure cyber infrastructure is in place and available to businesses and Maryland families in every part of our state.” Continue Reading…
From Goetze’s Caramel Creams to Smiths Detection’s equipment for detecting chemical weapons, Maryland manufacturers are fueling the State’s economy, creating an array of products, employing more than 100,000 workers and generating roughly $20 billion annually.
Throughout October, Maryland will celebrate its manufacturers and there are plenty of ways to get involved.
Stevensville-based Harpoon Medical Inc. has earned a $500,000 Maryland Venture Fund investment, part of a Series A $3.75 million financing round led by Maryland-based Epidarex Capital, Governor Martin O’Malley, Lt. Governor Anthony Brown and Maryland Department of Business and Economic Development (DBED) Secretary Dominick Murray announced Wednesday.
Harpoon Medical plans to revolutionize how doctors perform life-saving mitral valve surgery. Out of the roughly 2 million Americans suffering from degenerative heart disease, only about 50,000 of them receive life-saving mitral valve surgery. This is primarily because the most common treatment, an open-heart procedure, can last between three and six hours and is extremely complex and high-risk.
The BioMaryland Center’s Biotechnology Development Awards have returned, offering a total of $1 million in prizes toward life sciences projects, Maryland Department of Business and Economic Development (DBED) Secretary Dominick Murray announced Monday.
The FY 2015 competition will give preference to projects that improve patient outcomes and reduce health care costs. For the first time since the awards program launched in 2010, DBED’s BioMaryland Center will partner with the Maryland Department of Health and Mental Hygiene (DHMH) and the Center for Medical Technology Policy (CMTP) to incorporate improved health care quality and cost reduction into the program criteria. Individual awards will range from $50,000 to $200,000. Winning teams will receive ongoing advice and support from the BioMaryland Center, DHMH and CMTP toward technical, scientific, regulatory and reimbursement issues.
The Coastal Companies, a leading regional produce and dairy supplier, broke ground Monday on its new corporate headquarters in Laurel, Maryland. The company plans to complete its 240,000 square-foot facility by 2016 and to create 400 new jobs by 2018, Secretary Dominick Murray of the Maryland Department of Business and Economic Development (DBED) announced.
The new facility will house several company divisions—including Coastal Sunbelt Produce, East Coast Fresh, Cold Chain Logistics, Cold Chain Imports and The Coastal Companies Foundation—and will be located just three miles from the company’s current facility in Savage. The Coastal Companies’ decision to expand in Maryland was the direct result of State and county assistance. DBED approved a $1 million conditional loan with the requirement that the company retain jobs in Maryland. Howard County also provided $150,000 in property tax credits and expedited the review of applications and permits through its Fast Track Development Process.
“We appreciate the support we have received from the State of Maryland and Howard County,” said The Coastal Companies CEO John Corso. “We believe our new headquarters will help us maintain our robust growth for years to come.”
Growing your business in parts of Baltimore City and Harford County just got a little bit easier.
Additional Maryland Enterprise Zone Focus Areas were announced Wednesday by Governor Martin O’Malley through the Maryland Department of Business and Economic Development (DBED). These jurisdictions—administered by local government and approved by DBED—will allow businesses to access income tax and property tax credits.
“I am pleased to approve these new Focus Areas in Baltimore City and the expansion of Harford County’s Edgewood/Joppa Enterprise Zone, which will help sustain existing businesses and attract much-needed new businesses to help us achieve our most important goal of creating and retaining jobs,” said Governor O’Malley. “Businesses located in the State’s 30 Enterprise Zones contributed to $2.5 billion in capital investment in Maryland in FY 2014.”
Two of the new areas are located in the Holabird and Orangeville industrial areas of Baltimore City, covering 846 acres and including over a dozen underdeveloped and underutilized sites which have been vacant or occupied by businesses slated for closing. The Baltimore Development Corporation website shows how Baltimore City Enterprise Zone tax credits can be applied to qualifying companies.
In their usual state, platelets don’t have a very long shelf life. These life-saving blood cells are crucial to helping a person stop bleeding, but medical professionals have struggled to store these blood cells for any longer than five days outside of the human body.
Cellphire, an early-stage biotechnology company based in Rockville, Maryland, has developed an innovative response to this problem—freeze drying platelets for future use. Through their technique, platelets may be stored for years at room temperature and reconstituted, simply by adding water, for use in medical patients.
Governor Martin O’Malley and Secretary Dominick Murray of the Maryland Department of Business and Economic Development announced on Tuesday that the State’s InvestMaryland program, administered by the Maryland Venture Fund, will support the company’s continued technological development with a $1 million investment. Cellphire plans to use the State funding toward the continued development of its freeze-dried platelet product, Thrombosomes, and to move closer to winning U.S. Food and Drug Administration approval.
“The underlying technology that Cellphire has developed promises to provide a quantum leap forward in how cells are handled and used within healthcare today,” Cellphire CEO Stephen H. Willard said in a statement.
“Our initial application—platelets—is a perfect example, as untreated platelets last five days outside of a donor’s body. With our patented treatment, we are able to freeze dry platelet derived products for storage measured in years, at room temperature. Reconstitution is as simple as adding sterile water. This investment from MVF enables us to begin pursuing other applications in diagnostics, sports medicine, plastic surgery and dentistry,” Willard said.
Cellphire was founded as a bio-defense company in 2006 with an emphasis on stabilizing the global blood supply market in the event of pandemics, such as avian influenza or other natural or manmade disasters. It has found applications for the use of freeze dried platelets in blood transfusion, advanced care of chronic and acute wounds and diagnostic reagents used in clinical and research settings. In 2013, the company received a contract worth up to $57 million from the Biomedical Advanced Research Defense Authority, a division of U.S. Department of Health & Human Services.
Often, the only thing standing between a willing worker and employment is specialized training. But determining which skills are most needed in various industries can be a daunting task.
The EARN (Employment Advancement Right Now) program, launched by Maryland Governor Martin O’Malley in 2013, seeks to address this challenge and equip Maryland organizations and business partnerships with State funding for valuable worker training programs directly tailored to industry needs.
The program continued its rollout this week as the Maryland Department of Labor, Licensing and Regulation announced 28 implementation grant awardees. Selected applicants received grants to plan training programs in January 2014. Finalized Strategic Industry Partnership Workforce Training Plans were submitted during the spring and reviewed for funding.
The average implementation grant award was $179,302. The two-phase process of planning grants and implementation grants was funded by the state at $4.5 million.
“There is no progress without a job. By awarding today’s State-funded implementation grants to these selected strategic partnerships, we’re moving our State forward and helping more Marylanders get the skills they need to qualify for Maryland’s most in-demand jobs. Working together, we’re ensuring that these EARN implementation grants will provide industry-specific, state-of-the-art training for high-demand occupations,” Governor O’Malley said in a statement. Continue Reading…