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News and Events ...
Maryland continues to make local, regional and
national headlines with news of its favorable business climate, new business
locations and expansions, tourism development and economic rankings. The
Maryland Business Brief provides links to the latest news releases on these
topics and more.
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Workforce and Retention...
Get the scoop on expanding businesses, job creation activities, and workforce
training initiatives.
- AB Volvo / Mack Trucks committed to remain in
Maryland, saving about 1,200 at-risk jobs.
- The Ritz-Carlton Hotel Company annouced plans
to move its corporate headquartes to Montgomery County, Maryland by the
summer of 2003.
- General Motors decision to extend the
production of the Chevrolet Astro and GMC Safari Vans for an additional
two years at Baltimore's Broening Highway plant is a major victory for
the 1,500 employees.
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Business Investment ...
Find out how the state of Maryland actively supports the growth and
development of companies through financial assistance programs such as bank
loan guarantees, direct lending, and venture capital investments.
- National Aquarium in Baltimore expansion
project expected to create 47 new jobs.
- Jos. A. Bank Clothiers renovation and expansion
of its warehouse and distribution center expected to create 60 new jobs.
- Capricorn Pharma, in Frederick County,
undergoing expansion and plans to add 40 new jobs.
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Industry Update...
Learn the latest news rippling through the economic development universe,
including ways that Maryland is building on its stellar business climate,
what new businesses have chosen to locate in the state, and information on
industry conferences.
- Wal-Mart's Port Covington store has been
selected as the company's East Coast exports processing center
headquarters.
- The second phase of the Buildings and Sites application on choosemaryland.org
, Maryland's Web application, is up and running.
- University of Baltimore conducts an analysis of
the economic impact of the Naval Air Station at Patuxent River and the
Naval Surface Warfare Center at Indian Head military facilities.
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Tourism, Film and the Arts...
Learn about the state's outstanding quality of life, through tour and travel
as well as the vast arts community. Maryland has become a prime location for
film, television and commercial production.
- The Spring television campaign has concluded.
It was the most successful ever! Our cost per lead was down 58%.
- The Multicultural Guide, aimed to describe the
lives, sacrifices and contributions of African Americans who paved the
way for Marylanders on the nation today, is now available. It lists
historic sites, museums, etc.
- The Smart Growth-Arts and Entertainment
District program, which became effective last July, enables local and
county governments to apply for the Arts and Entertainment district
designation for areas that are wholly within a Smart Growth/Priority
Funding Area. Maryland is the first state in the country to develop Arts
and Entertainment district legislation on a statewide basis.
The application packets
will be available on-line on the Maryland State Arts Council website. For
more information, call Carol Vitale, Senior Project Coordinator, at (410)
767-6299.
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Maryland's Economy...
Get a clear picture of Maryland's economic health.
- The April monthly employment report was
released in May highlighting job growth and unemployment rates for all
50 states.
- The Resource Allocation Model (RAM) a computer
tool to evaluate the return on public investment of state and local
economic development projects has been updated for 2002.
- Economic Pulse -Snapshot of
Maryland's Economy.
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Foreign Office Profile...
Find out firsthand how state assistance in overseas locations helps give
Maryland companies a distinct advantage in the global marketplace.
- The Office of International Trade has four
full-time overseas offices located in Rotterdam, the Netherlands,
Shanghai, China, Tokyo, Japan, and Taipei, Taiwan to provide export
consulting services for Maryland companies. Maryland's office in
Shanghai was among the very first U.S. state trade offices in Mainland
China.
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Legislative Update...
Provides an insider's view of legislation and economic policy initiatives
that affect the state's business community.
- Maryland's Secretary of Economic Development
gives testimony before the General Assembly.
- Legislative session summary.
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Small Business Update...
Navigate the processes and regulations of local, state and federal
governments with greater ease.
- The Governor's Office has been actively
involved in providing assistance to the Town of La Plata following the
worst twister in the Maryland's history.
- Governor Parris Glendening announced a
commitment of $3.1 million in state resources to assist La Plata
businesses and farmers
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