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Maryland EconomyUncategorized

Catch up on the latest Maryland business news. Maryland business successes: Astrum Solar, a leading residential solar power provider, is expanding its headquarters and tripling its footprint in Howard County, with plans to add 240 new jobs, MDBIZ News reports. A growing number of Baltimore startups have earned venture capital funding

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Maryland EconomyUncategorized

The Maryland Department of Business and Economic Development (DBED) is continuing its partnership with the federal government to assist small businesses. The U.S. Treasury Department’s State Small Business Credit Initiative (SSBCI) has awarded $7.6 million to the State, the second of three planned allotments since 2011, DBED officials announced Wednesday. “Maryland is committed to supporting the

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For three consecutive years, Maryland has been named No. 1 in Innovation and Entrepreneurship. Additional indicators—including job growth and increased exports—also help tell the story of economic development throughout the State. But these achievements didn’t happen by accident. Maryland’s economy is growing with the help of hundreds of economic development

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  Federalsburg, a history-rich small town in the southern-most portion of Caroline County, is partnering with the Maryland Department of Business and Economic Development (DBED) to create an economic development plan focused on community revitalization. DBED announced on Thursday that it has approved a $50,000 conditional grant for the town’s development of the Federalsburg

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Mike Adelstein, CEO of Potomac Photonics, measures his projects by the micrometre, a unit 1,000 times smaller than a meter. The tiny holes, channels and mechanical gears created by Potomac Photonics are often no bigger than a pinprick and custom made for clients from Baltimore to Japan. The company’s business

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A new loan fund for Charles County small businesses will receive $500,000 in grants from State and county government, the Maryland Department of Business and Economic Development (DBED) announced Monday. DBED’s Maryland Economic Development Assistance Authority and Fund (MEDAAF) is providing a $250,000 grant to the Board of Charles County Commissioners to support the creation of a Targeted Industries Incentive

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New residents are flocking to Washington County in Western Maryland, which comes as no surprise to the county’s economic development team. The county boasts a prime location, incentive programs and diverse job opportunities. At the intersection of Interstate 81 and Interstate 70, between West Virginia and Pennsylvania, the county has

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Catch up on the latest Maryland business news. Maryland business successes:  TreeHouse Foods plans to invest $6 million in the former Protenergy Natural Foods facility on Maryland’s Eastern Shore, MDBIZ News reports. Rockville-based CytImmune has earned $400,000 in State, County and corporate investment, the Maryland Department of Business and Economic Development (DBED) announced. MGM National Harbor is recruiting

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TreeHouse Foods, an Illinois-based food products and services provider, has acquired Protenergy Natural Foods, including its plant in Cambridge on Maryland’s Eastern Shore, the Maryland Department of Business and Economic Development (DBED) announced today. The $150 million acquisition comes with the promise of new investment, expansion and jobs. TreeHouse plans to invest $6 million

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Maryland’s popularity among visitors is growing rapidly, the Maryland Office of Tourism announced this week. Domestic travelers to the State reached 36.1 million in 2013, a 2.2 percent increase since 2012. A dramatic 33.3 percent increase in visitors occurred between 2013 and 2007, when 27.2 million travelers visited the State, a national survey of U.S.

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