Archives For Maryland Economy

Since 1906, Pompeian, Inc. has thrived in Baltimore City, becoming America’s largest importer and producer of olive oil—but the company has never forgotten its hometown roots. This fall, Pompeian plans to give back to the community by hosting the State’s first full Maryland Manufacturing Boot Camp, an initiative of the EARN (Employment Advancement Right Now) Maryland program. Continue Reading…

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…

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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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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spectacular-homeCatch up on the latest Maryland business news.

Maryland business successes:

The Port of Baltimore is a major asset for Maryland exporters.

Over a dozen Maryland companies have earned ExportMD grants to support their expansion in foreign markets, Maryland Department of Business and Economic Development (DBED) Secretary Dominick Murray announced this week.

DBED awarded grants to 15 small and mid-sized companies this month alone. Since 2011, DBED has awarded a total of 115 grants. The program provides matching grants that are capped at $5,000, as well as up to 40 hours of marketing consulting from DBED’s Office of International Trade and Investment. The ExportMD grant program plays a key role in furthering Governor Martin O’Malley’s Maryland Export Initiative, in line with President Barack Obama’s National Export Initiative. The next bimonthly ExportMD application deadline is scheduled for Oct. 1.

“In today’s competitive global economy—with 95 percent of the world’s consumers residing outside of the United States—businesses of all sizes need to think about innovative ways to tap into new opportunities for growth,” said Secretary Murray. “Making the move to expand internationally can be that much easier with the funding and expert assistance ExportMD Program offers.” Continue Reading…

Catch up on the latest Maryland business news.

Maryland business successes:

  • Take a moment this week to cast you vote for the winners of the 2nd annual Baltimore Innovation Awards. Learn more about the awards on Technical.ly Baltimore.
  • Congratulations to the six Maryland companies in Black Enterprise’s ranking of the nation’s 100 largest black-owned businesses, including Radio One Inc., Adams Communication & Engineering Technology Inc., TV One LLC, Health Resources Inc., K. Neal International Trucks Inc. and Systems Application and Technologies Inc.
  • The Daily Record profiles Maryland’s fastest-growing private company, Team Extreme Marketing.
  • Congratulations to Bethesda-based Lockheed Martin Information Systems & Global Solutions and Maddrix, LLC, a startup cybersecurity firm in Baltimore, on earning Cyber Incident Response Assistance accreditation from the National Security Agency Information Assurance Directorate, MDBIZ News reports.
  • Pete Pappas & Sons has moved from Washington, D.C. to Maryland and plans to hire 70 new workers, thanks to assistance from the Maryland Department of Business and Economic Development, MDBIZ News reports.

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Just because you’ve started your own company doesn’t mean you’re in it alone.

The Maryland Technology Development Corporation (TEDCO) is urging Maryland entrepreneurs to take advantage of the State’s growing startup community. On Nov. 12 at the BWI Airport Marriott in Linthicum Heights, TEDCO will host its fourth annual Entrepreneur Expo, “E2E: Entrepreneurs Inspiring Entrepreneurs.” Registration is now open online.

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Horseshoe Casino opened in Baltimore City with fanfare and the promise of new economic growth.

Catch up on the latest Maryland business news.

Maryland business successes:

  • Horseshoe Casino opened in Baltimore City with fanfare and the promise of new economic growth. Half of its employees are local residents, according to the Baltimore Business Journal.
  • Maryland’s tourism industry may see a higher-than-usual uptick this weekend. AAA Mid-Atlantic estimates that nearly 728,000 Marylanders will travel at least 50 miles away from home this Labor Day holiday, MDBIZ News reports.
  • Recently closed deals by the Maryland Department of Business and Economic Development have helped create 1,497 jobs and retain 1,214 other positions in July throughout the State, StateStat recorded.
  • The State’s largest organic farm will be restored in Anne Arundel County, thanks to a public-private partnership, according to the Capital Gazette.

Maryland business resources:

Dr. Karen Zeller, research associate and instructor at the Johns Hopkins University School of Medicine, speaks to students about synthetic biology at Westminster High School. Photo courtesy Maryland Business Roundtable for Education

Dr. Karen Zeller, research associate and instructor at the Johns Hopkins University School of Medicine, speaks to students about synthetic biology at Westminster High School. Photo courtesy Maryland Business Roundtable for Education

As Maryland students return to school, a growing number of professionals are also finding themselves back in the classroom. The Maryland Business Roundtable for Education (MBRT), a nonprofit coalition of employers, is continuing its award-winning Maryland Scholars Speakers Bureau and STEM Specialists in the Classroom programs, and is recruiting new volunteers for the 2014-15 school year.

MBRT’s Maryland Scholars Speakers Bureau includes volunteers of various backgrounds and professions who speak with students on the connection between educational achievement and workplace success. The STEM Specialists in the Classroom program offers professionals from science, technology, engineering and math fields, federal agencies and higher education the opportunity to co-teach lessons illustrating the real-world application of STEM skills.

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