The Frederick County Office of Economic Development (OED) is proud to present the 2015 Economic Development Annual Report. The report covers the work of the Frederick County Office of Economic Development and includes economic data to make the strong case for why businesses decide to locate and expand in Frederick County.
The 2015 Economic Development Report highlights eight major economic drivers for the year, identifies area of major commercial development, selected announced locations and expansions, reports on wineries, breweries and distillery growth as well as small business development and minority business outreach successes. OED worked with 46 companies that decided to locate and or expand in Frederick County in 2015. Those businesses represented over 900,000 square feet of office space and 726 jobs.
“It was a year of innovation across the County,” said Director Helen Propheter. “We are grateful this year to have the support of our elected leaders to help grow our economy. In 2015, the County Council passed a Commercial & Industrial Business Tax Credit for manufacturers, and Executive Gardner restored support for agriculture business development and small business funding opportunities.” Ms. Propheter reflected, “Our small business development efforts had a record-setting year in business starts and job creation. We worked with municipalities and minority business like never before. We look upon the past with pride, and the future with great optimism.”
Frederick County received several notable national quality of life accolades in 2015 including recognition by Money Magazine, Livability.com, Movoto Real Estate and The Military Times.
Showing posts with label Small Business Development. Show all posts
Showing posts with label Small Business Development. Show all posts
Tuesday, March 15, 2016
Thursday, January 28, 2016
Gap Financing Available for Businesses in One of County's Four Sustainable Communities
The State of Maryland's Neighborhood BusinessWork's loan program provides gap financing, i.e. subordinate financing, to new or expanding small businesses and nonprofit organizations in Sustainable Communities throughout the State.
- Mixed-use projects combining residential and commercial uses in the same building
- New construction or rehabilitation
- Machinery and equipment
- Certain other costs associated with opening or expanding a small business
- Real estate acquisition
- Manufacturing
- Service providers
- Retail
- Project must be located in a Sustainable Community
- Project viability and potential impact on the neighborhood
- First floor business or retail space use that generates street level activity in mixed use projects
- Improvements to a vacant or under-utilized building or site
- Readiness to proceed
- Cash flow and collateral
- Residential or transient living facilities (other than mixed-use projects described in eligible projects section)
- Facilities such as community halls, fire stations, hospitals, colleges or universities
- Adult bookstores, adult video shops, other adult entertainment facilities, gambling facilities, gun shops, liquor stores, massage parlors, pawn shops, tanning salons, or tattoo parlors
- Loan amounts up to $500,000 or 50% of the total project costs, whichever is less
- Interest rate is based on an underwriting analysis
- Target loan term is five to 15 years, depending on use and loan amount
- Minimum five percent applicant cash contribution is required (based on total new project cost)
- Personal guarantees and collateral are required
- No prepayment penalties
Friday, January 22, 2016
Frederick County Government Introduces Small Business Loan Guarantee Program
The Frederick County Office of Economic Development, with support from County Executive Jan Gardner, is pleased to introduce a Small Business Loan Guarantee Program (SBLG) for existing and aspiring small businesses in Frederick County. The initial funding of this program will be provided by the existing funds remaining from the Frederick County Revolving Loan Fund, which stopped issuing new loans in 2011. “This is another way of showing that Frederick County means business,” County Executive Gardner said Thursday. “We support our small businesses and want to give them the help they need to succeed.”
Frederick County Office of Economic Development Director Helen Propheter added, “The end goal is to create more jobs in Frederick County, support jobs that pay family supporting wages and provide more local job opportunities. This program is another tool in our toolbox that helps us achieve these results.”
The purpose of the SBLG is to provide financing assistance for growth-related expansion projects for existing businesses and for aspiring entrepreneurs, the loan guarantee can be used for real estate, refinancing secured debt, machinery & equipment and working capital. The SBLG provides up to an 80% loan guarantee with a commitment capped at $50,000. There is no loan amount maximum and the terms and interest rate are to be determined by the lender that the business is working with.
In order to maximize resources, the business must be located in Frederick County or agree to locate within Frederick County prior to settlement and must be a start-up or early stage for-profit company with 100 or fewer employees. Borrowers must provide at least 5% equity and preference is given to Frederick County’s targeted industries or high growth industries.
The program will be administered by the Frederick County Office of Economic Development and managed by a volunteer-driven Loan Guarantee Committee . Lenders will serve as the primary contact for prospective Frederick County Small Business Loan Guarantee clients. The SBLG requires that an applicant be approved for conventional bank financing contingent upon a loan guarantee before applying for the SBLG. For more information, including administrative guidelines and a Small Business Loan Guarantee Application, click here or call the Frederick County Office of Economic Development at 301-600-1058.
Tuesday, January 19, 2016
McClintock Distilling Selected to Participate in Congressional Reception
America's Small Business Development Center (SBDC) will host the America's SBDC Client Showcase & Reception on Capitol Hill on February 1, 2016 and selected to participate in this year's event is Frederick's own McClintock Distilling. The company is among just eleven invited SBDC clients nationwide.McClintock Distilling, slated to open in Downtown Frederick this year, is a craft distillery producing gin, white whiskey, rye whiskey and bourbon. They are a sustainable distillery that is wind-powered, designed on a closed loop system and recycles all grains. All products are certified USDA organic, additive free and hand inspected by their head distiller. The new distillery will feature an expansive tasting room and production area. The 5,000 square foot building will also be available for booking events and receptions.
The goal of the America's SBDC Client Showcase & Reception is to demonstrate the successes of state and regional Small Business Development Center Networks. The Western Maryland SBDC and the Frederick Office helped their business dream become a reality by providing training and financial models to help secure a business loan. They also attended seminars hosted by SBDC and received training on marketing, sales, building a business plan and fundamentals of building a business.
The mission of America’s nationwide network of SBDCs is to help new entrepreneurs realize the dream of business ownership, and to assist existing businesses to remain competitive in the complex marketplace of an ever-changing global economy.SBDC assists existing and prospective business owners in three basic ways:
- Training - Regular SmartStart seminars, as well as periodic special-interest programs, and participation in educational programs presented by other business support agencies and non-profits.
- Counseling - Free one-on-one counseling on a variety of business topics.
- Maximization of Resources - Providing information about and access to specialize assistance and resources from other local business support providers.
Monday, January 4, 2016
How to Start a Business in Frederick County Brochure Now Available
The Frederick County Office of Economic Development (OED) has created a Road Map to starting a business in Frederick County, MD. The brochure, produced in partnership with the Small Business Development Center and in consultation with the Frederick County Department of Permitting, outlines the steps to consider when starting a business along with contact information and websites for appropriate resources.The brochure is part of the OED's toolkit for small business assistance and is part of a larger initiative to increase support for small businesses and municipalities in 2016. Brochures will be distributed to municipal main street organizations and are also available to download here.
The Frederick County Office of Economic Development's mission is to increase the overall economic health of Frederick County through attracting new businesses in our targeted industries and helping existing businesses be more successful.
Monday, October 19, 2015
Business Appreciation Week: Day 1
Today kicks off the 15th Annual Frederick County Business Appreciation Week where 62 ambassadors will visit over 100 companies this week! Our visits today are focused on home-based businesses, businesses in the Frederick 21704 zipcodes and in the areas of Urbana/Adamstown.
Be sure to check out our Facebook and Twitter pages for photos of the businesses we are visiting today and guess where we are. You can also follow #BAW2015. All correct guesses are entered in a drawing on Friday to win a Fitbit!
Monday Scheduled Visits:
- LegalShield
- The Buddy Project, Inc
- Yoho Electrical Services Co, Inc
- EmbroidMe
- Sarge Athletics
- The Buyer's Best Realtors
- Country Meadows Retirement Communities
- NE "Bob" Waltz Plumbing & Heating
- ProList
- Greenbrier Veterinary Hospital and Boarding Resort
- Mesa Science Associates
- Barley & Hops Grill & Microbrewery
- Bach & Associates Inc., Realtors
- Essential Systems Solutions, LLC
- Xecunet
#BAW 2015 Fact
Did you know entrepreneurship is at an all-time high? A recent online article (www.inc.com Entrepreneurship in the U.S. Reaches Record High, 2nd September 2015) reported findings from the Global Entrepreneurship Monitor (GEM) that 27 million Americans have their own business in 2015. The study also found that a growing number of people in America consider entrepreneurship as an attractive career option. 51% of the working population believes that starting a business reveals excellent opportunities not found through employment and 80% of those who plan to start a business in the next 3 years are actually planning on doing it.
Thursday, October 15, 2015
15th Annual Frederick County Business Appreciation Week Begins Next Week
County Executive Jan Gardner held a Public Information Briefing this morning, proclaiming next week as Business Appreciation Week in Frederick County. The event, now in it's the 15th year, is coordinated by the Frederick County Office of Economic Development (OED) and includes over 60 ambassadors consisting of State, County and Local officials as well as the Chamber of Commerce who will visit 112 companies in Frederick County during the week of October 19-23, 2015. Business Appreciation Week (BAW) gives ambassador teams the opportunity to thank businesses for what they do and also identify any concerns or potential issues they may have.The Frederick County Office of Economic Development worked with Frederick County’s municipalities and five main street managers to feature a day in their area celebrating businesses with their local elected officials.
| County Executive Jan Gardner with Sandy Wagerman and Helen Propheter displaying the map of companies being visited during #BAW2015 |
The 2015 Business Appreciation Week will include an online social media Scavenger Hunt where pictures will be posted on OED’s Twitter and Facebook pages inviting people to guess which businesses they are visiting that day. All of those who guess correctly will be entered into a drawing to win a Fitbit on Friday, October 23rd. Follow @FredCoOED on Twitter and www.facebook.com/discoverfrederickmd.com on Facebook or #BAW 2015 for more details.
Monday, September 14, 2015
Ask Debbie DeChambeau: Q & A with Maryland Women Business Center’s Frederick County Business Counselor
What is the Maryland Women’s Business Center?
The Maryland Women’s Business Center (MWBC) helps women and men start and grow successful women-owned enterprises positioned for long-term growth through training, resources, access to funding, and individual assistance.
One of our special initiatives is the StartRight! Business Plan Competition, which is an annual program where cash awards are provided. The biggest bonus of the competition is the feedback that participants can receive on their business plan from the experienced judges that review them.
What are some of the training programs provided?
Our core programs include the ABCs of Starting a Business and Writing a Successful Business Plan. In these programs we provide a thorough overview of what individuals need to consider when venturing into entrepreneurship, and a roadmap for creating their business plan.
During the ABCs of Starting a Business program, we try to have a business attorney available to discuss the different entity structures, and to answer questions on the next steps for establishing the business. Each month, we offer a variety of other topics including marketing, bookkeeping, funding, and government contracting.
Do you offer counseling?
MWBC offers both individual and group counseling. The one-hour, individual sessions are free for participants. We generally start with a review of the business plan to use as a guide for further discussions. Depending on the business owner’s needs, we can provide guidance on a broad range of topics, and refer to our partners when needed.
Our group counseling program is held once a month, and is designed to be a business roundtable format for up to five participants to discuss their business challenges and receive valuable feedback. This two-hour, group session is free for participants.
What types of resources do you have available?
Our website is our best resource. You’ll find a listing of our programs, recommended readings, and links to different resources in the region. You can also follow us on Facebook, Twitter and Instagram for real-time updates. Our business start-up-guide not only provides a step-by-step guide to getting a business started, it also provides links to the different organizations and resources needed.
Every quarter we offer a Certifications Workshop, which is one of our premier programs. We feature the local, state, and federal certifications available to small, minority, and women-owned businesses, and have speakers from each of the programs providing specific details on how to get started.
How do you differ from SBDC and SCORE?
In many ways, we offer similar services, however, our focus is on women-owned businesses. We are able to address the unique issues women face in business, which include family issues and funding obstacles in an environment that is comfortable, supportive, and non-threatening.
To make an appointment for free counseling, please contact Business Counselor Debbie DeChambeau in Frederick County via email at Debbie@marylandwbc.org or phone 301-315-8091.
The Maryland Women’s Business Center (MWBC) helps women and men start and grow successful women-owned enterprises positioned for long-term growth through training, resources, access to funding, and individual assistance.
One of our special initiatives is the StartRight! Business Plan Competition, which is an annual program where cash awards are provided. The biggest bonus of the competition is the feedback that participants can receive on their business plan from the experienced judges that review them.
What are some of the training programs provided?
Our core programs include the ABCs of Starting a Business and Writing a Successful Business Plan. In these programs we provide a thorough overview of what individuals need to consider when venturing into entrepreneurship, and a roadmap for creating their business plan.
During the ABCs of Starting a Business program, we try to have a business attorney available to discuss the different entity structures, and to answer questions on the next steps for establishing the business. Each month, we offer a variety of other topics including marketing, bookkeeping, funding, and government contracting.
Do you offer counseling?
MWBC offers both individual and group counseling. The one-hour, individual sessions are free for participants. We generally start with a review of the business plan to use as a guide for further discussions. Depending on the business owner’s needs, we can provide guidance on a broad range of topics, and refer to our partners when needed.
Our group counseling program is held once a month, and is designed to be a business roundtable format for up to five participants to discuss their business challenges and receive valuable feedback. This two-hour, group session is free for participants.
What types of resources do you have available?
Our website is our best resource. You’ll find a listing of our programs, recommended readings, and links to different resources in the region. You can also follow us on Facebook, Twitter and Instagram for real-time updates. Our business start-up-guide not only provides a step-by-step guide to getting a business started, it also provides links to the different organizations and resources needed.
Every quarter we offer a Certifications Workshop, which is one of our premier programs. We feature the local, state, and federal certifications available to small, minority, and women-owned businesses, and have speakers from each of the programs providing specific details on how to get started.
How do you differ from SBDC and SCORE?
In many ways, we offer similar services, however, our focus is on women-owned businesses. We are able to address the unique issues women face in business, which include family issues and funding obstacles in an environment that is comfortable, supportive, and non-threatening.
To make an appointment for free counseling, please contact Business Counselor Debbie DeChambeau in Frederick County via email at Debbie@marylandwbc.org or phone 301-315-8091.
Wednesday, July 1, 2015
No Interest Loans Available for Military and Veterans in Maryland
The Military Personnel and Veteran-Owned Small Business No-Interest Loan Program (MPVSBLP) was created in 2006 and is administered by the Maryland Department of Business and Economic Development in consultation with the Maryland Department of Veterans Affairs (MDVA). The program accepts applications from small businesses that employ military reservists and National Guard members called to active duty, as well as companies employing service-disabled veterans. Veterans who own a small business are also eligible to apply for funding.
The Military Personnel and Veteran-owned Small Business Loan Program (MPVSBLP) provides no interest loans of up to $50,000 from one to eight years. Eligible applicants include businesses owned by military reservists and National Guard members called to active duty, and small businesses, with fewer than 50 employees that employ them.
For more information about the program, eligibility details and how to obtain an application contact:
Mark Hendricks, Grant Administrator/MD Veterans Trust for the Maryland Department of Veterans Affairs at 410-974-2399.
Please note that applications for this program will not be accepted again until October 1, 2015.
The Military Personnel and Veteran-owned Small Business Loan Program (MPVSBLP) provides no interest loans of up to $50,000 from one to eight years. Eligible applicants include businesses owned by military reservists and National Guard members called to active duty, and small businesses, with fewer than 50 employees that employ them.
For more information about the program, eligibility details and how to obtain an application contact:
Mark Hendricks, Grant Administrator/MD Veterans Trust for the Maryland Department of Veterans Affairs at 410-974-2399.
Please note that applications for this program will not be accepted again until October 1, 2015.
Thursday, March 12, 2015
Investing in Our Small Businesses
The Maryland Department of Business and Economic Development (DBED) was awarded $7.6 million yesterday through the U.S. Treasury Department’s State Small Business Credit Initiative to (SSBCI) to assist small businesses.
This is the second planned allotment since 2011 and this round of funds will primarily go towards the Maryland Venture Fund (MVF), the State’s main equity investment program and one of the most active venture investors in the region. The MVF previously received $4.8 million in SSBCI funding, which it used to invest in 14 companies, including Frederick's own Luminal, a cybersecurity startup who received $600K though the Fund.
With nearly two decades of experience and numerous successful investments, MVF invests in highly innovative technology companies across the full range of industry sectors including software, communications, cybersecurity and life sciences companies in the areas of healthcare IT, medical devices and diagnostics.
Interested in taking advantage of these dollars? Start your pitch here!
This is the second planned allotment since 2011 and this round of funds will primarily go towards the Maryland Venture Fund (MVF), the State’s main equity investment program and one of the most active venture investors in the region. The MVF previously received $4.8 million in SSBCI funding, which it used to invest in 14 companies, including Frederick's own Luminal, a cybersecurity startup who received $600K though the Fund.
With nearly two decades of experience and numerous successful investments, MVF invests in highly innovative technology companies across the full range of industry sectors including software, communications, cybersecurity and life sciences companies in the areas of healthcare IT, medical devices and diagnostics.
Interested in taking advantage of these dollars? Start your pitch here!
Thursday, February 5, 2015
The HUBZone--What is it?
The HubZone program, administered by the U.S. Small Business Administration, was enacted by Congress in 1997 to help small businesses located in HUBZones get contract help, thus promoting job growth, capital investment and economic development in economically depressed areas, in both rural and urban communities, and on Indian reservations. HUBZone stands for Historically Underutlized Business Zone.
What does this mean in Frederick County?
There are three designated HUBZone eligible Census tracts in Frederick County, two are located in the City of Frederick and one is located in the Town of Emmitsburg and outlying areas. To view the map, click here.
Benefits
The program’s benefits for HUBZone-certified companies include:
to see a list of the biggest industries, by contracting dollar amount, for HUBZone companies and small businesses.
Eligibility for HubZone
To qualify for the program, a business (except tribally-owned concerns) must meet the following criteria:
What does this mean in Frederick County?
There are three designated HUBZone eligible Census tracts in Frederick County, two are located in the City of Frederick and one is located in the Town of Emmitsburg and outlying areas. To view the map, click here.
Benefits
The program’s benefits for HUBZone-certified companies include:
- Competitive and sole source contracting
- 10% price evaluation preference in full and open contract competitions, as well as subcontracting opportunities.
Eligibility for HubZone
To qualify for the program, a business (except tribally-owned concerns) must meet the following criteria:
- It must be a small business by SBA standards
- It must be owned and controlled at least 51% by U.S. citizens, or a Community Development Corporation, an agricultural cooperative, or an Indian tribe
- Its principal office must be located within a “Historically Underutilized Business Zone,” which includes lands considered “Indian Country” and military facilities closed by the Base Realignment and Closure Act
- At least 35% of its employees must reside in a HUBZone
Interested in finding out more? Contact our Small Business Development Center at 301-600-1058 or click on this link for more information.
Tuesday, November 25, 2014
New Small Business Counselor for Frederick
The Western Region Maryland Small Business Development Center, Frederick County Business Retention and Development Department, and Frostburg State University are pleased to welcome their new Small Business Counselor Brandon Mason. Brandon Mason is a successful entrepreneur with deep experience in start-ups, technology, government, and STEAM (Science, Technology, Arts and Math)-related job growth. Brandon is passionate about the sustainable growth of downtown and rural communities as well as working with entrepreneurs to achieve their goals. He will also serve as the Regional Technology Liaison for Western Maryland as a result of his extensive knowledge of patent-based technologies.
“Our office is excited to partner with Brandon and the Small Business Development Center to help start-ups and small businesses in Frederick County continue to grow and succeed. His wealth of knowledge in technology and life sciences will lend well to the needs of our department and our targeted industries,” said Helen Propheter, Manager of the Frederick County Business Development and Retention Department.
Mr. Mason will continue to support the economic growth of Frederick County through workshops, networking events, one-on-one counseling, and maximizing resources for clients. He will also assist with obtaining SBA loans for clients to finance their business, helping with patents and technology transfer, and attracting new businesses to Frederick County while helping existing businesses to be more successful. His primary focus will be on promoting job creation, business starts, sales growth, and capital infusion for small business to enhance the economic vitality of Frederick County and Western Maryland. Brandon holds a master's degree from The Catholic University of America and a bachelor's degree in Political Science focused on Public Policy from West Virginia University. To contact Brandon Mason at the Small Business Development Center, please email bwmason@frostburg.edu or call 301-600-1967.
“Our office is excited to partner with Brandon and the Small Business Development Center to help start-ups and small businesses in Frederick County continue to grow and succeed. His wealth of knowledge in technology and life sciences will lend well to the needs of our department and our targeted industries,” said Helen Propheter, Manager of the Frederick County Business Development and Retention Department.
Mr. Mason will continue to support the economic growth of Frederick County through workshops, networking events, one-on-one counseling, and maximizing resources for clients. He will also assist with obtaining SBA loans for clients to finance their business, helping with patents and technology transfer, and attracting new businesses to Frederick County while helping existing businesses to be more successful. His primary focus will be on promoting job creation, business starts, sales growth, and capital infusion for small business to enhance the economic vitality of Frederick County and Western Maryland. Brandon holds a master's degree from The Catholic University of America and a bachelor's degree in Political Science focused on Public Policy from West Virginia University. To contact Brandon Mason at the Small Business Development Center, please email bwmason@frostburg.edu or call 301-600-1967.Monday, November 24, 2014
Save the Date: #shopsmallFredCo for Small Business Saturday
Saturday, November 29, 2014 is Small Business Saturday and the staff at Frederick County Business Development and Retention and our local economic development partners are saving the date to support our small businesses!We're rallying Frederick County to Shop Small and tell us about it with a picture and the #shopsmallFredCo hashtag on social media. While you're out supporting local small businesses on Saturday, take a photo, post it to Twitter or Facebook using the local #shopsmallFredCo and the national #shopsmall hashtags to take part in a nationwide campaign to promote small business.
Here's our manager Helen Propheter at Thanksgiving Farms in Adamstown getting a head start and pledging to shop small on November 29! We'll be compiling a photo gallery of all of the photos we received on social media and our blog. The City of Frederick Department of Economic Development is also doing the same on their blog.
Happy shopping!
Friday, August 29, 2014
Changes and a Job Opening for a Small Business Development Counselor
Our office recently said "See you soon!" to our Small Business Development Center Senior Counselor Beth Woodring as she has accepted a position as a Fund Manager for the Volt Fund for the State of Maryland. We look forward to working with her in other capactities as she helps distribute Maryland's Small, Minority, and Women-Owned Business Loan Fund to potential Frederick County companies.
This means that our department, in partnership with the Maryland Western Region Small Business Development Center (SBDC), located at Frostburg State University, is seeking applications for a Small Business Consultant.
This is a full-time, exempt position based in Frederick, MD and includes University System of Maryland benefits package.
Minimum Qualifications: MBA and at least five years of relevant business experience. Proficiency in Microsoft Office (particularly Word and Excel). Interpersonal skills to interact with a variety of clients; excellent oral and written communications skills.
Preferred Qualifications: Five years of business ownership experience. Knowledge of the economic development community in Frederick County and an understanding of licensing and regulatory requirements, especially in technology.
For more info and to apply visit https://frostburg.peopleadmin.com/ to apply. Application deadline is September 15, 2014.
This means that our department, in partnership with the Maryland Western Region Small Business Development Center (SBDC), located at Frostburg State University, is seeking applications for a Small Business Consultant.
This is a full-time, exempt position based in Frederick, MD and includes University System of Maryland benefits package.
Minimum Qualifications: MBA and at least five years of relevant business experience. Proficiency in Microsoft Office (particularly Word and Excel). Interpersonal skills to interact with a variety of clients; excellent oral and written communications skills.
Preferred Qualifications: Five years of business ownership experience. Knowledge of the economic development community in Frederick County and an understanding of licensing and regulatory requirements, especially in technology.
For more info and to apply visit https://frostburg.peopleadmin.com/ to apply. Application deadline is September 15, 2014.
Thursday, March 10, 2011
In Memoriam
Originally published March 10, 2011
The Frederick News-Post
By Ed Waters Jr. News-Post Staff
Chris Olson's professional and personal commitment to Frederick County will be missed, according to many of those who worked with him.
Olson, who died Sunday at age 45 after a struggle with cancer, was a consultant at the Frederick County Small Business Development Center.
"Chris Olson was an integral part of the team at the Office of Economic Development, even though he actually worked for the Small Business Development Center," said Laurie M. Boyer, executive director of the Frederick County Office of Economic Development.
"He worked in our office, and we interacted daily with him on shared clients, planning events targeted at small businesses and working on special projects. He was always willing to jump in and lend a hand to whoever might need it, with the best attitude and a wealth of knowledge," Boyer said.
One of Olson's greatest strengths was seeing the value in partnerships and bringing people together to work collaboratively for the betterment of the business community, Boyer said.
"He will be missed more than I can express," she said.
Olson's dedication was felt throughout the community, said Richard Griffin, director of the City of Frederick Department of Economic Development.
"Chris made an indelible mark on the Frederick business community and each of us through his intellect, dedication and sense of humor," Griffin said. "He cared deeply about his family, friends and clients. Frederick is a better community for his efforts. He will be sorely missed."
Olson helped many small businesses get off the ground and counseled those facing challenges in the tough economy.
"The chamber lost a thoughtful colleague and supportive friends and the community lost a strong advocate for local business," said Ric Adams, president and CEO of the Frederick County Chamber of Commerce. "We frequently partnered with Chris to present programs for small businesses and entrepreneurs, and he also served on chamber committees. We feel grateful for the opportunity to have worked with him."
Sandy Mehalko, a spokeswoman for the Small Business Development Centers in Western Maryland, said the Frederick Center at 5340 Spectrum Drive would continue operations as scheduled. Alice Growden of the Hagerstown SBDC is covering phone messages and meeting with Olson's clients, Mehalko said. Mark Malec, regional SBDC director, has been in touch with Boyer at the economic office to ensure that client work is taken care of, Mehalko said.
Olson had many achievements in his life. He was an integral part of the Gov. Thomas Johnson High School football team, undefeated for three years and state champions in 1982. He was elected class president in 1983, played in the school's jazz ensemble and appeared on the TV program "It's Academic."
A graduate of the Wharton School of Economics, University of Pennsylvania, he was elected president of the Phi Kappa Sigma fraternity. After graduation he founded Olson Business Development, serving clients locally and internationally. At the same time, he served as art director for three local publications, was vice president of a venture capital firm, and was chief operating officer for a mail and data processing firm.
Besides helping businesses as a consultant at the Frederick SBDC, Olson was a past president of the Entrepreneur Council of Frederick County and coordinated the Frederick Entrepreneur Support Network. He received the City of Frederick Partners Award and by the national Small Business Development Centers for his outstanding service.
A memorial service will begin at 2 p.m. Saturday at the Evangelical Lutheran Church, 35 E. Church St., Frederick, with a reception to follow.
The Frederick News-Post
By Ed Waters Jr. News-Post Staff
Chris Olson's professional and personal commitment to Frederick County will be missed, according to many of those who worked with him.
Olson, who died Sunday at age 45 after a struggle with cancer, was a consultant at the Frederick County Small Business Development Center.
"Chris Olson was an integral part of the team at the Office of Economic Development, even though he actually worked for the Small Business Development Center," said Laurie M. Boyer, executive director of the Frederick County Office of Economic Development.
"He worked in our office, and we interacted daily with him on shared clients, planning events targeted at small businesses and working on special projects. He was always willing to jump in and lend a hand to whoever might need it, with the best attitude and a wealth of knowledge," Boyer said.
One of Olson's greatest strengths was seeing the value in partnerships and bringing people together to work collaboratively for the betterment of the business community, Boyer said.
"He will be missed more than I can express," she said.
Olson's dedication was felt throughout the community, said Richard Griffin, director of the City of Frederick Department of Economic Development.
"Chris made an indelible mark on the Frederick business community and each of us through his intellect, dedication and sense of humor," Griffin said. "He cared deeply about his family, friends and clients. Frederick is a better community for his efforts. He will be sorely missed."
Olson helped many small businesses get off the ground and counseled those facing challenges in the tough economy.
"The chamber lost a thoughtful colleague and supportive friends and the community lost a strong advocate for local business," said Ric Adams, president and CEO of the Frederick County Chamber of Commerce. "We frequently partnered with Chris to present programs for small businesses and entrepreneurs, and he also served on chamber committees. We feel grateful for the opportunity to have worked with him."
Sandy Mehalko, a spokeswoman for the Small Business Development Centers in Western Maryland, said the Frederick Center at 5340 Spectrum Drive would continue operations as scheduled. Alice Growden of the Hagerstown SBDC is covering phone messages and meeting with Olson's clients, Mehalko said. Mark Malec, regional SBDC director, has been in touch with Boyer at the economic office to ensure that client work is taken care of, Mehalko said.
Olson had many achievements in his life. He was an integral part of the Gov. Thomas Johnson High School football team, undefeated for three years and state champions in 1982. He was elected class president in 1983, played in the school's jazz ensemble and appeared on the TV program "It's Academic."
A graduate of the Wharton School of Economics, University of Pennsylvania, he was elected president of the Phi Kappa Sigma fraternity. After graduation he founded Olson Business Development, serving clients locally and internationally. At the same time, he served as art director for three local publications, was vice president of a venture capital firm, and was chief operating officer for a mail and data processing firm.
Besides helping businesses as a consultant at the Frederick SBDC, Olson was a past president of the Entrepreneur Council of Frederick County and coordinated the Frederick Entrepreneur Support Network. He received the City of Frederick Partners Award and by the national Small Business Development Centers for his outstanding service.
A memorial service will begin at 2 p.m. Saturday at the Evangelical Lutheran Church, 35 E. Church St., Frederick, with a reception to follow.
Friday, March 4, 2011
Entrepreneur Council of Frederick County Now Accepting Nominations for the Entrepreneur Awards 2011
The Entrepreneur Council of Frederick County is now accepting nominations for its Entrepreneur Awards honors for 2011. The awards are given to Frederick County businesses owners whose ingenuity, hard work, and perseverance have created and sustained successful, viable business ventures that have contributed to the economic health of the community. The final selection will be announced at the Entrepreneur Council Awards Banquet held summer 2011. Nominations Deadline is April 15th 2011Submit Nominations toEd Robinson - President Entrepreneur Council robin_ed@capacity-building.com.
Monday, June 14, 2010
Business Travels the World for Coffee
Serina Roy, owner and master roaster, takes great pride in providing roasted-to-order coffee for each of her customers. In 2009, she decided to take a major step and open a retail store. “I had been taking my small coffee roaster and setting up at various locations to educate people about the art of coffee roasting,” Roy explained. “People would ask where they could purchase our coffee and I would have to send them to our distributors around the area. It was a natural step to open our own retail space, where customers can come and experience the roasting process firsthand.” Roy is quick to clarify that, while Dublin Roasters does provide a complimentary cup of coffee to those coming into the store, it is not a coffee shop. “Our business is all about roasting the fresh beans so you can take them home and enjoy.”
Dublin Roasters buys directly from growers around the world. For example, Roy has established a relationship with a woman-owned farm in Villa Rica, Peru, an area that has little access to healthcare or fair wages, but is rich with coffee plantations. The farm was being significantly underpaid by the Seattle-based retail coffee giant previously selling its product. “When asked if I would start roasting the beans for her, I knew it was the right thing to do,” explained Roy, “We pay her the fair market value of the beans and also set up a profit sharing program with them. Her profits have increased significantly and this is something that we can feel good about.” Roy plans to travel to Nicaragua, Guatemala and other countries that export coffee to set up similar programs. Another important part of the business is teaching local distributors about the product and the roasting process, so they can be knowledgeable when talking to customers about the coffee beans.
The company’s worldwide search for fine fair trade coffee is paying off – this year, Dublin Roasters was nominated by Roaster magazine for Roaster of the Year, and Roy is a finalist for the Entrepreneur Council of Frederick County’s 2010 Entrepreneur Awards.
Dublin Roasters is located at 75B West Main Street in New Market and is open Thursday through Sunday from 12 noon to 5 p.m. Other days are by appointment only. Dublin Roasters offers a Coffee Lounge in its retail store, where customers can enjoy a cup of coffee while their order is roasted. The space is also available for groups, such as book clubs. “Our general rule is that if you smell coffee roasting, you’re welcome to come into the shop!” said Roy. Dublin Roasters also offers coffee tastings and other coffee-catered events.
Visit http://www.dublinroasterscoffee.com/ or call 240-674-1740 for more information and to access their online store.
Thursday, April 8, 2010
ESN Offers Free Business Counseling
On June 2nd, Frederick County businesses will have a rare opportunity to meet with a team of business support experts to receive answers and advice about their business operations, at no charge.The Frederick Entrepreneur Support Network (ESN) will present its first Experts and Answers business counseling event. The Network, a coalition of local non-profits and business support agencies, will team with private sector support professionals to provide concise, results oriented consultations.
Each business owner will meet with a carefully-assembled team. Each team will consist of a local accountant, attorney, banker, and other support professionals such as marketing consultants, insurance brokers, commercial real estate brokers, and economic developers. Specialized teams will be assembled for businesses in the agriculture, manufacturing, retail/foodservice, government contracting, and high-tech industries. Other teams will feature the wide-ranging business experience and expertise necessary to provide assistance to any type of business.
The event is expected to be particularly beneficial to pre-start and early-stage businesses, but all locally-owned Frederick County businesses are welcome to participate. Laurie Boyer, Executive Director of the Frederick County Office of Economic Development, a leading supporter of the ESN, says “We think this is an exceptional opportunity for Frederick County entrepreneurs. In a half hour, they’ll be able to receive the kind of counseling that might take them several weeks and hundreds of dollars to arrange and receive.”
The event will be held at the Frederick Community College Conference Center (http://www.frederick.edu/our_campus/conferencecenter.aspx) on Wednesday, June 2nd, beginning at 9 am. Appointments will be scheduled on the half-hour between 9 am and noon. Preregistration is required.
To register, or receive more information, visit FrederickESN.org, or contact Helen Riddle at 301-600-1899 or HRiddle@FrederickCountyMD.com.
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.
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.
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