When Catapult Technology graduates from the 8(a) program this month, it will be well-positioned for “full and open” competition
- Laura Willoughby appointed regional director for BENS
- RCM&D Senior Vice President dubbed "Power Broker" by Risk & Insurance Magazine
- Dennis Wraase joins U-Md. Center for Social Value Creation as Executive-In-Residence
- Laria elected vice chairman of Healthy Neighborhoods
- Ann Kottcamp appointed as vice president/senior strategist of MMG's central nervous system
- New Generation Biofuels Holdings, Inc. appoints Douglas Perry to its board
Breaking News
Novavax reports fourth quarter and 2009 year-end financial results
March 12, 2010— Novavax, Inc. announced financial results today for the fourth quarter and year ended December 31, 2009. Read more... Link
By Graham Moomaw — Gov. Martin O'Malley asked Maryland's congressional delegation Thursday to devote unused federal money to spur small business lending and create jobs in the state, where unemployment remains at 7.5 percent despite more than $4 billion in stimulus funding.
Money returned from the Troubled Asset Relief Program should be used to guarantee small business lending, O'Malley suggested.
"If you could make it possible for us to access those dollars, to be repaid to the federal government, it would allow us to leverage on a one-to-six basis, the sort of small business lending that could be going on to create jobs and improve the business climate in our state."
The appeal came as O'Malley brought his Cabinet to Capitol Hill Thursday to lay out his administration's federal funding priorities for fiscal 2011, which begins July 1.
The event was organized by Sen. Barbara Mikulski, and every Marylander in Congress attended except for Rep. Elijah Cummings, D-Baltimore, who was attending a White House meeting.
O'Malley presented the delegation with an agenda focused on job creation, transportation infrastructure and public safety. Federal dollars are expected to be harder to come by due to the federal spending freeze proposed by President Obama, which would begin on Oct. 1.
Corridor News
DJS halts high-security placements at Waxter
By Shauna Miller — The condition of the Thomas J.S. Waxter Center for female juvenile offenders is so bad that Department of Juvenile Services Secretary Donald DeVore told Capital News Service during a tour Thursday that the facility recently stopped accepting girls into its high-security program.
Also Thursday, several girls who have lived at Waxter reported through the American Civil...
Bill would improve Maryland's "cushion" against future recessions
By Brady Holt — Maryland needs to strengthen its "rainy day" reserve fund to prepare for future budget crises, a state senator testified Wednesday at the Senate Budget and Taxation Committee.
Sen. Jim Rosapepe, D-Prince George's, was speaking in support of his bill that would divert unexpected budget surpluses — extra money that the state's analysts had not projected — into the rainy...
Alcohol tax pits supporters against liquor industry
By Rachel Leven — Supporters of a dime-a-drink tax told a Senate committee Wednesday they need the fee in order to provide essential funds for mental health, disabilities and substance abuse programs to Marylanders. But opponents claimed the alcohol tax would deprive retailers of their livelihood in the midst of an economic recession.
The Lorraine Sheehan Health and Community Services...
Five-cent bag tax would go towards cleaning bay
By Adam Kerlin — The General Assembly has been reluctant to raise taxes in an election year, but 39 legislators across both chambers are cosponsoring an act that would place a 5-cent tax on disposable carryout bags.
The Chesapeake Bay Restoration Consumer Retail Choice Act would require Maryland businesses to tack the 5-cent fee onto each disposable bag used by a customer.
Businesses...
Corridor Colleagues
Laura Willoughby appointed regional director for BENS
March 11, 2010 — Business Executives for National Security (BENS) has selected Laura Willoughby as its Washington, D.C., Metro Area regional director. Willoughby most recently served as director of marketing communications at iJET Intelligent Risk Systems, an Annapolis-based global intelligence company. She was previously executive director of the Chesapeake Regional Technology Council (Anne Arundel...
Read More...RCM&D Senior Vice President dubbed "Power Broker" by Risk & Insurance Magazine
March 11, 2010 — Risk & Insurance Magazine, a publication focusing on the risk management industry, has named Harry C. Wallace of Riggs, Counselman, Michaels & Downes, Inc. (RCM&D) as a Power Broker in their annual list of the most influential commercial insurance brokers. Wallace currently serves as senior vice president and Life Science practice leader with RCM&D. Prior to that,...
Read More...Dennis Wraase joins U-Md. Center for Social Value Creation as Executive-In-Residence
March 11, 2010 — The University of Maryland's Robert H. Smith School of Business announced former Pepco Holdings Inc. president, board chair and CEO Dennis R. Wraase has joined the Center for Social Value Creation as its first executive-in-residence. Wraase will support the center's mission to engage students in courses and experiential learning programs, enabling them to become global leaders who...
Read More...Corridor Breaking News
Emergent BioSolutions Chairman and CEO Fuad El-Hibri recognized as outstanding international business leader
March 12, 2010— Emergent BioSolutions Inc. announced today that Fuad El-Hibri, its chairman and chief executive officer, has been named by the World Trade Center Institute (WTCI) as one of Maryland's outstanding international business leaders.
Read More...Novavax reports fourth quarter and 2009 year-end financial results
March 12, 2010— Novavax, Inc. announced financial results today for the fourth quarter and year ended December 31, 2009.
Read More...GenVec down $18.4M for 2009
March 12, 2010 — Gaithersburg-based GenVec, Inc. (Nasdaq: GNVC) reported a net loss of $18.4 million, or $0.19 per share for the year's end, compared with a net loss of $26.1 million, or $0.31 per share for the year ended December 31, 2008. GenVec ended the year with $11 million in cash and total investments.
Read More...Editor's pick:
- When stimulus money runs out, Md. businesses worry work will too
- Talk of state budget cuts escalates
- CareFirst: Proposal would raise rates, hurt small businesses
- Zyngenia to grow in Gaithersburg
- D&G Brice sues Turner for $12.5M
- House votes to ban reading texts while driving
- New round of foreclosures threatens housing marketHouse Judiciary draws protests
- Royal Caribbean extends commitment to Baltimore
- Blonders want to run Annapolis Market House
- Discovery Communications and United Nations join hands in biodiversity campaign
Latest Events
March 12, 2010(9:00 AM) - March 13, 2010 (11:00 AM)
Location: Sheraton Washington North, 4095 Powder Mill Road, Beltsville, MD 20705.
Join the Prince George's Chamber of Commerce for this MEMBERS ONLY Networking Opportunity!
Enjoy the beautiful Sheraton Washington North and a delicious full course...
March 13, 2010(11:00 AM) - March 15, 2010 (5:00 PM)
CCBC Women’s Expo Means Business
Hosted by: CCBC Catonsville
Baltimore County, Md. – It’s all about business – especially women in business – at the 9th Annual CCBC Women’s Expo. The two-day event, featuring speakers, workshops and exhibitors, will be...
March 13, 2010 (11:00 AM - 5:00 PM)
Community College of Baltimore County women's business expo, 11 a.m.-5 p.m., through March 14,
Location: 800 S. Rolling Road, Catonsville.
Cost: $6.
Information: www.ccbcwomensexpo.com.
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