Archives For Maryland Economy

Emily_JessicaDecember 2014

International Pulse: Insights on trade in Maryland

Jessica Reynolds is Regional Manager for India and Africa at the Maryland Department of Business and Economic Development.

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As part of our #BuyLocalMD series this holiday season, MDBIZ News hopes to inspire you to explore the small businesses in your own community.

When you buy from a Maryland winery or brewery, you support a local business while getting a full taste of what the State has to offer. From the western mountains to the Atlantic seashore, each local product is seasoned with Maryland flavor.

Hear from some of Maryland’s finest beverage connoisseurs on how they give back to the community.

  • Blue grapes primary logoDeep Creek Cellars
  • Garrett County
  • Owned by husband and wife team Paul Roberts and Nadine Grabania, this Friendsville winery focuses on “natural wine-making” by using sustainable farming practices. Additionally, Deep Creek Cellars is known as one of the few Pinot Noir specialists among Mid-Atlantic wineries.

“Local wine, like locally-produced food, is one of the most personal gifts one can give. Wine reflects its season and, like a favorite song, helps us remember an important moment or event,” said Paul Roberts. “When customers select Deep Creek Cellars’ Pinot Noir at a neighborhood wine retailer in Maryland, they’re not only getting a wine from the world’s most sought-after grape variety, but also a little piece of the winemaker’s personality—plus, an imprint of the exact place and time those grapes ripened.”

 

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Enterprise Zones in Prince George’s County and the City of Frostburg are slated for expansion and renewal, Governor Martin O’Malley announced this week.

Through the program, local jurisdictions may provide income tax and property tax credits to businesses located in Maryland’s 28 Enterprise Zones. Tax credit eligibility may be based on the number of new jobs created, overall capital investment or other factors. The Maryland Department of Business and Economic Development approves Enterprise Zones, which are administered by local governments.

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CircleBusiness communities surrounding colleges, universities and other nonprofits may find new State benefits through the Maryland Department of Business and Economic Development’s (DBED) RISE Zone program, DBED Secretary Dominick Murray announced this week.

Businesses that move into or expand significantly within designated Regional Institution Strategic Enterprise Zones could receive local real property and income tax credits, in addition to priority consideration for other State incentive programs.

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As part of our #BuyLocalMD series this holiday season, MDBIZ News hopes to inspire you to explore the small businesses in your own community.

Maryland’s unique sellers and small shops have plenty to offer for holiday gifts and goodies. From Main Street stores to craft market vendors, buying local products benefits not only the seller, but also the community and local economy.

Meet some of Maryland’s craftsmen who are ramping up production for this holiday season.

  • knot by tiffa holidayknot by TIFFA
  • Montgomery County
  • Based out of Silver Spring, knot by TIFFA offers men a new twist on traditional attire by providing hand-sewn neck ties and bow ties. Each item is inspired by a song, with its pattern and color specifically chosen to highlight the music’s message and emotion.

“People who buy our products are more than just customers—they are supporters of our dream,” said Tiffany Rogers, owner of knot by TIFFA. “We are not a business that will receive millions in startup investment; we rely on customers buying our products. We can’t change Maryland’s economy overnight, but we are contributing to the community by partnering with retail stores and markets. We are growing together.”

 

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FireFly Farms in Garrett County is famous for its gourmet goat cheese.

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As part of our #BuyLocalMD series this holiday season, MDBIZ News hopes to inspire you to explore the small businesses in your own community.

Maryland farm goods—from Christmas trees to goat cheese—not only make meaningful gifts and family experiences, but also help ensure the future of Maryland’s agriculture industry.

Meet some of Maryland’s producers and sellers of farm goods who are working overtime this season.

  • Tree Farmers buy localBlue Heron Tree Farm
  • Queen Anne’s County
  • This choose-and-cut Christmas tree operation is family owned and operated by Harriet and Ed Caporin. The scenic farm also provides complimentary spiced apple cider, coloring books and candy canes. All proceeds from wreath sales are donated to local charities.

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Buy Local Maryland You have a lot of options to support Maryland small businesses this holiday season. You can choose to buy a handmade gift from an artisan in your neighborhood. You can choose to buy a turkey raised on a local farm. You can choose to buy a Christmas tree grown right here in Maryland.

“Every time you choose to support a local business, you are boosting Maryland’s economy and helping to create jobs—and you’re giving a gift with a real lasting impact,” said Maryland Department of Business and Economic Development Secretary Dominick Murray. “Invest in the hardworking members of your community by treating your family and friends to Maryland-made quality goods.”

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Big City Farms of Baltimore sells fresh produce to restaurants and consumers. More states are promoting such “benefit corporations” to encourage economic development with some social benefit. (Big City Farms Inc.)

This article was originally published by Stateline, an initiative of The Pew Charitable Trusts

In the last four years, 24 states and the District of Columbia have revamped their incorporation laws to help companies that aim to deliver social and environmental benefits, not just profits.

The move to allow businesses to register and operate as “benefit corporations” reflects the ethos of a rising generation of entrepreneurs and investors who are rebelling against the “profit-is-king” framework of corporate America.

The states that have taken action, starting with Maryland in 2010, have protected benefit corporations from laws that require corporations to maximize profits, letting them pursue social, environmental and economic goals without fear of shareholders suing them for not squeezing out every penny.

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The Community College of Baltimore County has unveiled its expanded Cybersecurity Institute.

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Amid the hustle of holiday shopping, don’t forget the deals and unique offerings available in your own neighborhood. Small Business Saturday celebrates the entrepreneurs powering Maryland’s economy.

Show off your Small Business Saturday steals on Twitter at #ShopSmall @MDBizContinue Reading…

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The Regional Economic Studies Institute spotlighted the importance of STEM training and jobs during its annual Economic Outlook Conference.

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Maryland business successes: