Wednesday, December 30, 2009

Retail Growth in the Region is Expected to Soar

A Pitney Bowes Business Insight study has ranked the Baltimore and Washington metro areas second and sixth in the nation respectively in expected retail sales growth. Out of the top six, these are the only two located outside of Texas. The report cited probable robust growth in local employment and local economic activity in both regions as factors driving the high rankings, as well as recent strong mid-tier, high-tier and drug store retail sales.

Wednesday, December 23, 2009

Good News for Small Businesses

Governor Martin O'Malley has announced a proposal to provide $83 million in rate relief for Maryland's small businesses and modernize the state's unemployment insurance laws. These actions will allow the State to access $126.8 million in federal dollars to continue providing unemployment insurance for those individuals and families hardest hit by the recession."

The Governor's plan comes just weeks after he announced new initiatives to stimulate the economy in Maryland, create jobs and strengthen small businesses as the State transitions from recession through recovery to prosperity.

Monday, December 14, 2009

Ideas Sought for Public Art Project

The Frederick Arts Council (FAC) is seeking proposals from artists, arts organizations, or other collaborating nonprofit and government entities for a potential permanent public art project. This project is contingent on the FAC being approved for and receiving state funding. Therefore, the FAC will review all proposals received and select one that will be submitted to the Maryland State Arts Council for consideration. Once approved, the project must be permanently installed in a public place and accessible.

Public art projects can be interior or exterior works. Interior works must be in public buildings and located in a space open to the public. Examples of public facilities include schools, community centers, parks, and government buildings. As a county-wide nonprofit organization, the arts council is interested in sites throughout Frederick County. The artwork can include, but is not limited to murals, sculpture, and functional art such as benches or bike racks. A wide variety of mediums will be considered, including mixed media. The public art project must begin by June 2010.

The proposed project will be reviewed based on a set of criteria, including the artistic merit of the proposed artwork, artist qualifications, accessibility, community involvement and support of the project, and others. The total funds available will not exceed $10,000 for the project. If approved for the state grant, 50 percent of the cost of the proposed public art project could be covered. The FAC will work with the artist and/or collaborating partners to identify the other 50% funding. The funds may be allowed to pay artists and technicians to coordinate and install the work of art as well as equipment and supplies to fabricate the work.

“In FY08, we were successful with our proposal to the state which resulted in the bronze calf by Frederick artist Adam Lubkin,” said Frederick Arts Council Executive Director Shuan Butcher. “That piece of public art was a great addition and we hope to continue adding to the public art landscape,” he said. Frederick County was one of five counties that received funding that year through Maryland’s new Public Art Project grant program.

Individuals and organizations interested in submitting a formal proposal must do so to the Frederick Arts Council office by 5:00 p.m. on Friday, January 15th. An official application form is required and can also be obtained at the FAC office.

The Frederick Arts Council fosters the growth of the arts, artists and arts organizations through grant and scholarship programs, workshops and arts education forums, and advocacy. The organization is supported by a grant from the Maryland State Arts Council, an agency funded by the State of Maryland and the National Endowment for the Arts. For more information, visit the Council’s website at www.frederickartscouncil.org or contact Frederick Arts Council Executive Director Shuan Butcher at 301-662-4190.

Thursday, December 10, 2009

BDAC Elects New Chair and Vice-Chair

By a unanimous decision the Frederick County Business Development Advisory Council (BDAC) appointed Mike Kidder as Chairman and Veronica Mozzano as Vice-Chairman of the organization, which advises the Frederick County Board of Commissioners and the Office of Economic Development (OED) on economic matters.

Kidder, a member of BDAC for four years, works with Bechtel Corporation’s communications staff and manages community outreach activities in the Frederick area. Before transitioning to his current position, he was responsible for providing strategic counsel to the firm’s officers on media and community relations as well as government and political affairs. During his 20 years at Bechtel, Kidder served as company spokesman for local, national and international media. “Our council works together, as commissioner-appointed resources representing a cross-section of the community, to help enhance the quality of life for everyone doing business in Frederick County,” said Kidder. “All of us on BDAC look forward to continuing to share ideas, suggestions and creative approaches with the county commissioners to address concerns and issues facing the business community, especially during these challenging times.”

Mozzano is executive vice president and chief lending officer at Woodsboro Bank in Frederick. Her responsibilities include the oversight of both commercial and consumer lending activities. Mozzano’s financial service experience spans 29 years in commercial sales and credit risk management. She is heavily involved in community projects and organizations, serving on the board of the Alzheimer’s Association, Greater Maryland Chapter and as a member of the board of the Rotary of Carroll Creek. Mozzano joined BDAC in 2008. “We act as the eyes and ears in the community as we interact with existing business owners,” said Mozzano. “The proactive OED monthly outreach program provides BDAC members the opportunity to visit existing companies not only to learn about the businesses but also to address business owners’ specific needs in a face-to-face approach.”

“We are fortunate and pleased to have such intelligent and dedicated people serving our office and the citizens of Frederick County,” said Laurie Boyer, executive director of OED. “Mike and Veronica bring to the table valuable experience that certainly helps the County in pursuit of its goal to help existing and prospective businesses.”

For more information about BDAC and/or OED, please call 301-600-1058 or visit our website at www.discoverfederickmd.com.

Tuesday, December 8, 2009

Chamber's Boardwalk Program - Applications Now Available

The Council of Community Partners, a volunteer committee of the Frederick County Chamber of Commerce, will present its fifth annual Boardwalk training program from February 12 through March 19, 2010.

The 18-hour series is divided into six, three-hour sessions. BOARDWALK 2010 is a comprehensive, interactive training program designed to educate business and community leaders on how to be effective volunteer board members of nonprofit organizations.

Participants will learn about the following topics: Best practices in nonprofit governance and management, roles and responsibilities of board members, importance of fundraising and development, legal basics for nonprofit boards, financial oversight responsibilities for nonprofit boards, board/staff relationships and finding your place on the board.

All sessions are held in the Frederick County Chamber of Commerce Training Room, at 8420-B Gas House Pike, Frederick, from 8:15 a.m. until 12 noon. There is a cost to attend and limited scholarships are available. The program application, scholarship application and informational flyer are available online at www.frederickchamber.org.

Application and payment must be received at the Chamber office by December 22, 2009 for an early bird discount and the final deadline is January 15, 2010. Mail completed application and payment to the Chamber of Commerce at 8420-B Gas House Pike, Frederick, MD 21701, or fax to 301-846-4427.

For additional information about this program, contact Wendy Errera, Frederick Chamber of Commerce, at werrera@frederickchamber.org or 301-662-4553.

Monday, December 7, 2009

Gov. O'Malley hosts Small Business Online Town Hall

Governor Martin O'Malley and NPR personality Mario Armstrong host an interactive town hall meeting Wednesday, December 9 at 3 pm. Be part of this lively economic forum as we present information and insight to help Maryland small business succeed. Presented with the Department of Business & Economic Development, this innovative forum offers viewers a chance to interact on-line and features a panel of small business owners.
Hosted by e-marketing small business leader Blue Sky Factory:

Watch Wednesday, December 9, 3 pm
View the live, streaming town hall talk by clicking here.

Ask A ? Submit a question in advance here.*

Twitter Follow @MDBiz or the conversation at #smallbiztalk


*all questions not answered online Wednesday will be addressed by the Department of Business & Economic Development on behalf of the Governor within 48 hours of the broadcast.

Wednesday, December 2, 2009

FCWS Reports on Success of Summer Jobs Program

Frederick County Workforce Services recently released a report to showcase its 2009 Summer Jobs Program. The report includes position demographics and worksite information as well as program successes and outcomes.

As in previous years, the purpose of the Summer Jobs Program is to provide young adults who have barriers to employment with practical work experience that will result in valuable knowledge and marketable skills. The current unemployment rate for youth is 15.7% for those between the ages of 16 and 19.

Of the 155 youth who participated in the 2009 Summer Jobs Program, 94% completed the program successfully, with 83% earning an Outstanding Performance certificate.

This year, American Recovery and Reinvestment Act (ARRA) funds extended summer employment opportunities to an additional 53 participants. Through a partnership with Fort Detrick and NCI-Frederick, a number of these participants gained experience in high-growth, high-demand S.T.E.M. (Science, Technology, Engineering, Math) career fields. Positions included Data Analyst, Laboratory Aide, File Clerk and Assessment Support Specialist.

To learn more about Frederick County Workforce Services and/or how to participate as an employer in the next Summer Jobs Program, please visit http://www.frederickworks.com/ or call 301-600-2255.

Culinary Destination: Frederick


Volt Chef Bryan Voltaggio’s appearance on Bravo’s Top Chef Season 6 series may have ignited the public’s awareness that Frederick is a great place to dine, but many have known for some time that Frederick has all the ingredients to emerge as a culinary destination. From award-winning local wines and beer to some of the region’s best farms, Frederick restaurants have practically everything in their backyard to create a memorable feast.

Many restaurants, like Volt, are turning to farm-to-table menu items that feature the unique tastes of Frederick County. Vegetables, grass-fed beef, greens, fruits and berries, and cheeses are just a few of the homegrown items featured in area restaurants. And visitors are noticing the difference.“Dining has always been a popular attraction for visitors,” says John Fieseler, Director for the Tourism Council of Frederick County. “But more and more people are asking where they can have a meal that features local ingredients.”

In addition to the ability to offer local produce, the restaurants in Downtown Frederick have an added benefit – the large number of food establishments within walking distance to each other. “We know that some businesses – like restaurants – generally do better when grouped together,” explains Kara Norman, Executive Director of the Downtown Frederick Partnership. In addition to farm-to-table offerings, diners can choose from the many American-style and ethnic restaurants, offering anything from hamburgers to creamy curry dishes. “Visitors can head downtown and know that there are 60-plus restaurants, specialty food shops, cafes, bakeries, and coffee and tea houses within just a few short blocks of each other. They all thrive as it establishes the area as a culinary and dining destination,” Norman explains.

In fact, plans to further establish Frederick as a dining destination are already underway. The Downtown Frederick Partnership, Tourism Council, and local restaurants are planning Frederick’s first Restaurant Week in the spring. “While we are still working on the specifics, there is a lot of enthusiasm from the restaurants about this project,” says Tiffany Ahalt, Tourism Marketing Manager. “It’s a great way to promote our vibrant dining scene.”

Frederick’s beverages are also earning a reputation as well. Many local restaurants proudly feature and pair their dishes with Frederick County beer and wine. Frederick’s Flying Dog Brewery took the “Mid-Size Brewery of the Year” award at the Great American Beer Festival, placing first out of 76 others in the category and also taking home one silver and three gold medals for their brews. Brewer’s Alley was on the scene as well, winning a bronze medal. Frederick County’s six vineyards also offer palate-pleasing blends for wine enthusiasts. Notably, Black Ankle Vineyard’s 2007 Crumbling Rock was selected as the top wine in the 2009 Maryland Governor’s Cup Competition and its 2007 Leaf Stone Syrah won best Syrah in the 2009 Mid Atlantic Seaboard Competition.

“Between our high concentration of quality restaurants, great produce, and award-winning wines and beer, Frederick is becoming discovered for what it is – a culinary destination that lets the visitor experience how good Maryland fare can taste,” says Fieseler.


Story by Michelle Kershner
Communications Specialist, Tourism Council of Frederick County

photo caption: Volt’s co-owner and Chef Bryan Voltaggio serves up local produce at a Chef’s Challenge cooking demonstration at the West Frederick Farmer’s Market. Without being told beforehand what was available, Voltaggio created a dish from fresh foods found at the vendor stands.

Tuesday, December 1, 2009

Partners Launch New Information Technology Website

The City of Frederick Department of Economic Development, together with Frederick County Office of Economic Development and Frederick Innovative Technology Center, Inc.(FITCI), announces a new website for Frederick information technology businesses.

The website, www.techfrederick.org, is accessible to anyone Frederick County involved in information technology work. There is no fee to be a part of the group and anyone interested can be involved. TechFrederick has three main priorities:
· Advocacy
· Communication
· Partnership

The goals are to provide an infrastructure to connect Frederick IT firms to each other, facilitating collaboration and partnerships between local technology firms; to business support resources in the community; and to cutting-edge information that keeps these IT companies competitive.

In addition to this new online resource DED, OED and FITCI will host bi-monthly TechFrederick breakfast meetings. These events will feature a range of topics relevant to the local IT community, as well as provide a forum for discussions, sharing and networking.

“Frederick has a strong and growing information technology sector. Today, there is no venue, no forum, for bringing these bright, entrepreneurial minds together,” says Heather Gramm, business development specialist with the City’s Department of Economic Development. “This new website, together with bi-monthly IT breakfast events, serve to bring those IT resources together and create a stronger community among individual firms.”

The next TechFrederick Breakfast is scheduled for Wednesday December 9th, 8:00am at the Municipal Annex Building, and will feature a discussion with representatives from SAIC-Frederick on recent ARRA monies related to IT and sub-contract opportunities.

For additional information, or to register for the TechFrederick Breakfast, visit the website at www.techfrederick.org. or contact the City of Frederick Department of Economic Development at (301) 600-6360.

Thursday, November 19, 2009

Highly Attended Manufacturing Event held at FNP

More than 25 manufacturers attended a Lunch, Learn and Tour series event held at the Frederick News Post (FNP). Frederick County manufacturers were invited to learn more about the future of newspaper manufacturing, take a tour of the premier FNP facility and network with one another.

Shawn Wolf, Chairman of the Frederick County Manufacturers Roundtable (FCMR) and President of Wright Manufacturing spoke briefly about the FCMR organization. “We are an informal yet diverse group of manufacturers who get together to share ideas and experiences with one another and tour facilities from Frederick County’s manufacturing community.”

FCMR is a membership organization comprised of representatives from local manufacturing companies who meet to network and discuss ways to improve the competitiveness of the manufacturing industry in Frederick County.

There was a short presentation followed by a tour of the Frederick News Post. Myron Randall, FNP’s President and Owner, gave remarks on the history of the company while Ted Gregory, FNP’s Chief Operating and Financial Officer, spoke about their 144,000 square foot facility and manufacturing process. Terry Headlee, FNP’s Managing Editor, gave information regarding the newspaper publishing industry.

According to Linda Norris of Canam Steel Corporation, “This program is a great way to tour Frederick County’s manufacturing facilities and see first-hand the manufacturing practices that each company implements within their organization.”

Sponsors of the event included the Frederick County Office of Economic Development (OED) and Elk Run Winery.

For more information on the Frederick County’s manufacturing industry, visit OED’s website at
http://www.discoverfrederickmd.com/IndustryFocus/manufacturing.htm

Travel Improvements for Rt.85/355

A new study funded by the Metropolitan Washington Council of Governments is designed to explore options for improving transit, bicycle and pedestrian movement in the Rt. 355/Rt. 85 corridor in Frederick. A well-attended public outreach meeting was held yesterday at Winchester Hall. The forum was covered by the Frederick News-Post: http://tinyurl.com/yz286bu

View the project website: www.FrederickCountyMD.gov/tlc

Wednesday, November 18, 2009

Frederick Chamber to Hold 2nd Social Media Conference


Speakers and presenters are being sought by the Frederick Chamber for a "New Media and Technology Conference" to be held in February, 2010. This event comes on the heels of a very successful social media forum held last June. The new conference, which will include interactive seminars, is for everyone from beginners to advanced users of Twitter, Facebook, etc.

For more information, please visit the Chamber's website (link to event is highlighted here): http://tinyurl.com/yawj626

Tuesday, November 17, 2009

Support Local Retailers


Frederick County is blessed with a superb business community; during theupcoming holiday season we encourage you to support our local retail establishments and buy locally. By doing so you help preserve and grow our diverse economy. Frederick County businesses offer a broad range of gifts including home d├ęcor items, antiques, jewelry, electronics, recreational and sporting goods, great foods and clothing, along with many other specialized and unique offerings.

For local gift-giving ideas, we encourage you to visit the Frederick County Office of Economic Development’s Web site at www.discoverfrederickmd.com. Our “Homegrown Here” and “Buy Local, Buy Fresh” campaigns are exciting and consumer-friendly. The Virtual Farmers’ Market link is designed for Frederick County agricultural producers to sell and promote their products online. Additionally, you may want to visit the Tourism Council of Frederick County’s website at www.fredericktourism.org for shopping and dining suggestions and to find out about festive holiday events.

After an exhilarating day of shopping at some of the hundreds of retailers in downtown Frederick, and from Brunswick to Emmitsburg and Mount Airy to Myersville, we encourage you to dine at some of the many outstanding restaurants throughout Frederick County.

Thank you for supporting our local economy; we hope you have a wonderful holiday season and a happy New Year!

Laurie M. Boyer, CEcD
Executive Director
Frederick County Office of Economic Development

Friday, November 13, 2009

Frederick County Tourism Brief Facts and Figures

The following is an excerpt from The Tourism Council of Frederick County, Maryland's 2009 Annual Report:

Despite the current economic climate, figures show Frederick County tourism is fairly steady. Hotel demand, or hotel room used by overnight visitors to the county, was up 3.3% compared to FY08. Hotel revenue was up 3.3%, however the average room rate was $82.93, a slight 1.9% decrease from FY08 showing the impact the softening economy has had on rates.

Inquiries are up, showing people are planning their future visits to the area. The Church Street Visitors Center welcomed its 1,000,000th visitor in FY09. It also greeteed 24,145 individual visitors, remaining steady compared to FY08 with less than a 1% difference in unique visits.

With strong partners and solid planning, the Tourism Council of Frederick County is ready to welcome these new visitors to Frederick County.

For additional information, visit http://www.fredericktourism.org/.

Monday, November 9, 2009

OED Wins "TOP 5" Award of Excellence


Expansion Solutions Magazine, a national business site-selection publication, has announced its Third Annual “Top Five” Awards of Excellence. The Frederick County Office of Economic Development (OED) has been honored for what the magazine calls ‘exceptional progress and potential in the field – by successfully recruiting, retaining and assisting growing businesses’.

Awards were given out in six industries: automotive, biotechnology, high technology, logistics, ports and warehouse distribution. Frederick County won in the field of biotechnology. To read about the awards in the latest edition of Expansion Solutions Magazine, visit their website: www.ExpansionSolutionsMagazine.com.

“We are excited about giving national recognition to these organizations as it further demonstrates their leadership role in major commercial activities,” said Kimberly Merkel, Editor of Expansion Solutions Magazine. “Not only does it showcase each area for their success in recruiting and retaining businesses, it also is a source of pride for each city, county, state and their economic development department.”

“We are honored to be recognized,” said Laurie Boyer, CEcD, Executive Director of OED. “Biotechnology has been a target industry for Frederick County since 2001, and the industry has grown from fewer than 20 companies to over 60 in that time.”

For more information about Frederick County and OED please visit our website: www.discoverfrederickmd.com.

Friday, November 6, 2009

Visitation Academy: A Local, Historic Treasure


The Visitation Academy in downtown Frederick recently hosted a business visit and tour for the Office of Economic Development. The school, located on East Second Street, is for girls from
pre-K to eighth grade and is primarily made up of children from the Catholic faith, but all religions are welcomed.

The school employs 25 full time teachers. Class sizes are small, the average has 15 students; the school’s enrollment is about 125 but administrators would like to boost that to 150. Subjects taught at the Visitation Academy include: grammar, public speaking, math, science, computers, music, art and physical education.

The Visitation Academy encompasses an entire city block and includes several buildings, some outdoor play areas and a garden. The facility is one of the oldest buildings in Frederick to be used as originally planned; it was built in 1824 and established as a school by the Sisters of the Visitation in 1846. It played a role in the Civil War as a makeshift hospital housing wounded soldiers.

For more information on the school, visit their website: http://www.visitationacademy.org/

Thursday, November 5, 2009

Black Ankle takes Green Tourism Award at MD Tourism & Travel Summit

Today, Black Ankle Vineyards was presented the "Green" Tourism Award during the Maryland Tourism and Travel Summit in Ocean City, Maryland.

Black Ankle Vineyards has taken "Green" Agriculture to the next level. Their wine making philosophy is to grow locally. They have taken that same philosophy into the construction of their tasting room, by building it to the highest of the Green Standards.

To learn more about Black Ankle Vineyards and their LEED Certified tasting room visit them at: http://www.blackankle.com/tasting_room.php

Business Visit to Cintas Corporation

Cintas Corporation hosted a business visit by Frederick County representatives on November 2, 2009. The Frederick County Office of Economic Development (OED) coordinates monthly business visits throughout the year to tour and learn more about the County’s business community.

Headquartered in Cincinnati, OH, Cintas operates 400 facilities in the U.S. and Canada, including eight distribution centers that employ more than 32,000 people. Cintas provides uniforms and apparel, restroom supplies, promotional products, document management, fire protection and first aid safety services for more than 800,000 businesses.

The Frederick branch, located at the Stanford Industrial Park, is a distribution facility and employs 60 people. Chad Moran, Branch Manager and Kevin Bussard, Market Sales Manager, gave the group a company overview and provided a tour of their 15,000 square foot facility. The Frederick facility services over 2,500 customers and has 23 routes. Cintas is the largest company in the uniform rental market and continually receives recognition for their quality work. Fortune Magazine cited Cintas among “America’s” most admired companies for the 9th straight year.

For more information on Cintas, visit their website at http://www.cintas.com/ or call their main number at 301-874-8352.

Pictured left to right: Laurie Boyer, Frederick County Office of Economic Development; Kevin Bussard and Chad Moran, Cintas Corporation and Dr. Carol Eaton, Frederick County Business Development Advisory Council and Frederick Community College.

Wednesday, November 4, 2009

Prove It!

Managing a profitable organization begins with hiring the right people. It is critical to properly assess candidates to ensure that they have the knowledge and skills needed to perform the job. An interview process and reference checks, however extensive, do not tell the whole story about a candidate’s abilities.

How, then, can a hiring manager be sure that a candidate is truly able to execute the tasks that are required for success on the job? Answer: Pre-employment Assessment Technology.

Frederick County Workforce Services recently acquired the rights to administer an award-winning assessment system called Prove It!, which includes over 1,000 validated skills and behavioral assessments for positions including but not limited to financial, legal, clerical, technical, customer service, medical, industrial and more.

Developed by Kenexa, a leading provider of Human Capital Management, the Prove It! system helps organizations to make better hiring decisions, ultimately saving employers time and money.

To speak to a Frederick County Workforce Services business representative about how your organization can use Prove It! to identify and select candidates that match your position requirements, please call (301) 600-1867.

Monday, November 2, 2009

Get it Downtown - Shop Frederick

Don't miss out on Get it Downtown Challenge Week going on now!

During the week of November 2 through November 7, shop downtown Frederick and make eight purchases (no minimum purchase required) at participating downtown businesses to have your punch card entered into a drawing for a $250 Downtown Frederick gift card. Punch cards can be picked up at any of the participating businesses as well.

For a list of participating merchants and more information, visit http://www.downtownfrederick.org/.

Friday, October 30, 2009

Annual Business Reception


Frederick, MD – October 29, 2009 - The Frederick County Business Development Advisory Council (BDAC) and the Office of Economic Development (OED) held their Annual Business Reception last night at Dutch’s Daughter restaurant. Over 250 Frederick County business representatives, elected officials and community partners attended this year’s event. A brief awards ceremony was held honoring three outstanding Frederick County companies. Attendees networked with one another and visited booths provided by our sponsors.

The first award was presented to a long time Frederick County company that has strategically expanded and taken on a completely new line of work to embrace the future. The 2009 Frederick County Creative Business Planning Firm of the Year was presented to Canam Steel Corporation. The second award was given to a local company not typically seen as green but has employed green practices within their organization and for their commitment to meet and exceed environmental standards. The 2009 Frederick County Creative Green Stewardship Firm of the Year went to Givens Collision Repair Center, Inc. The last award was given to a Frederick County company that was recognized for their creative and progressive workforce practices. The 2009 Frederick County Creative Workforce Support Firm of the Year went to Widearea Systems, Inc. Widearea Systems was also recognized at the reception for graduating from the Frederick Innovative Technology Center, FITCI.

This year’s Platinum Event Sponsor was SAIC-Frederick, Inc. Additional support was provided by the following sponsors: Corporate Occupational Health Solutions, LLC, Frederick Innovative Technology Center, Matan Companies, The Columbia Bank, Frederick County Bank, Frederick County Department of Solid Waste Management, Frederick County Workforce Services, The City of Frederick Department of Economic Development, Canyon Construction Corporation, Imagination Center Inc. and the Frederick County Government – FCG TV.

video

Thursday, October 29, 2009

Journey Through Hallowed Ground


An apple orchard in Thurmont was the setting for a regional ceremony... all part of the National Scenic Byway designation for Pennsylvania, Maryland and Virginia. The project is importaint to Frederick County's economy and tourism.
To read the full story, please click here.

Monday, October 26, 2009

County Offers Stimulus Bond Allocation to Municipalities

The Frederick Board of County Commissioners is offering federal stimulus bond financing allocations to the 12 local municipalities. Part of the Federal American Recovery and Reinvestment Act of 2009 (ARRA) created Recovery Zone Economic Development bonds and Recovery Zone Facility bonds that provide tax incentives for state and local governmental borrowing at potentially lower costs. The bond allocations are aimed at promoting job creation and economic recovery in targeted, economically distressed areas.

Frederick County has been given the opportunity to utilize a $5.7 million Recovery Zone Economic Development Bond allocation and an $8.6 million Recovery Zone Facility Bond allocation. While the county government does not believe it can utilize the bond allocations, based on the established IRS criteria, the Board of County Commissioners has solicited requests of interest from each of the 12 municipalities to determine if any of the incorporated areas would like to pursue utilizing the bonds.

Tuesday, October 20, 2009

FITCI Continues to Grow and Help Local Businesses

The Frederick Innovative Technology Center, Inc (FITCI) recently announced that it would be consolidating it's space at Hood College to it's 2nd location on Metropolitan Court. "The move is part of a strategic plan to eventually relocate to the Riverside Research Park", said Mike Dailey, FITCI executive director. "We do expect to lease a larger facility that will provide not only incubator space, but also mezzanine space," he said.

Since it's inception in 2004, FITCI has offered local entrepreneurs facilities, services, and an environment in which they can prosper. The location at 4539 Metropolitan Court in Frederick, occupies 15,000 square feet, supporting up to 30 clients employing nearly a hundred people at any given time. For more information, visit www.fitci.org.

FITCI FACTS:
• 180+ new jobs created in 4 years
• In 2007:
–87% of employees held BAs or greater
–50% of employees hold Ph.Ds
–Average salary per FITCI client employee is more than $75,000/year
–Tenant companies and graduates secured over $13 million in outside investment capital and government grants

Friday, October 16, 2009

Family Festival @ Farm - Special Announcement


The wet weather has caused some farms to cancel their activities for the weekend. Please call the participating farms (from the web link below) before heading out this weekend.


Tuesday, October 13, 2009

DC Metro and Baltimore Areas Rank Among CNN Money's Top 10 for Starting a Small Business

According to CNN Money.com, the Washington, DC metro area ranks #6 in the Nation for the best places to launch a small business. Closely behind is Baltimore ranking #10. Frederick County is fortunate to be positioned within an hour's drive of both major metro areas. To read the full story, please click here.

Local Companies Cite Quality of Life

Frederick County’s “Quality of Life” was the top benefit listed by dozens of local businesses in a recent informal poll. The beauty of the Catoctin Mountains, the abundance of rolling farmland, the thriving downtown commercial district and the quaint charm of historic small towns were all mentioned as positive attributes for conducting business in Frederick County.

Business Appreciation Week is an annual event coordinated by the Frederick County Office of Economic Development (OED) as a way to thank local businesses for all that they contribute to the local economy and community in general.

Monday, October 5, 2009

Big News for NCI Project in Frederick




The National Cancer Institute's proposed $200 million dollar facility at Riverside Research Park in Frederick is moving forward. For details, read the attached FNP article: http://bit.ly/herzM

Wednesday, September 30, 2009

Area Companies Make Prestigious List

Congratulations to the local winners in the second annual Gazette of Politics & Business "Exceptional 53" awards program. A number of companies with headquarters or facilities in Frederick County made the prestigious list including: The Frederick County Chamber of Commerce, DynPort Vaccine, Orases, Widearea Systems, Goodwill Industries and MedImmune. For the full report, visit here.

Forum Brings Bankers and Business Owners Together

This morning, bankers and business owners came together for a forum entitled "Getting the Most from Your Banker...in Changing Economic Times," at the Frederick County Chamber of Commerce. Attendees heard from three bankers about what lenders look for in successful applicants, how business owners can help foster a productive ongoing relationship with their bankers, and tips for avoiding foreclosure. Communication was the common theme throughout the day, with each banker emphasizing the importance of continued contact and honesty, in good times and bad. The forum ended with a question & answer session where bankers and business owners alike shared their views on the current banking environment. Participating bankers were Veronica Mozzano of Woodsboro Bank, Rob Nickey of HarVest Bank of Maryland, and Gordon Cooley of PNC Bank. The program was moderated by Chris Olson of the Small Business Development Center.

Friday, September 25, 2009

Welcome to OED's Brand New News Blog!

Here is where you'll find the latest news on economic development in Frederick County. We welcome you to subscribe to our blog and keep up-to-date on economic development activity in Frederick County. We welcome your comments any time at info@discoverfrederickmd.com or by calling 301-600-1058.