Thursday, May 7, 2015

Farmers Market Season Has Arrived

A recent University of  Maryland at Baltimore County found that 78% of Maryland residents prefer to buy locally grown products. Farmers markets in Frederick County are a great way to promote the Home Grown Here movement and there are many resources available to increase access to local products.

Frederick County is home to 13 farmers markets as well as the Frederick County Virtual Farmers Market which is open 24/7. Several have already opened for the spring and summer selling season and more are planning to open soon. The West Frederick Farmers Market at 800 Oak St  (new location this year) is the County's largest market but markets exist all over the county from Emmitsburg to Urbana. The Frederick Farm Fresh website maintains a listing of markets, locations and hours as well as a local harvest schedule to plan for fresh produce. 

Our Homegrown Frederick publication, in partnership with Frederick Magazine, provides a complete directory of our available agricultural products and information about this historic industry in Frederick County. The publication also includes a listing of Community Supported Agriculture (CSAs) enterprises where consumers can share in whatever bounties the farmer produces.

The Maryland's Best website connects Maryland farmers with consumers all over the State and the Maryland Department of Agriculture Farmers Market Directory provides a listing of farmers markets in Maryland.

For questions about Frederick County's Farmers Markets, please contact our office at 301-600-1058.

Wednesday, April 22, 2015

GROW: Volume 1



This series is part of a new blog series about Frederick County businesses that grow and expand. It is a snapshot of Frederick County business success stories. Check back each month for more businesses that grow in Frederick County.


Costco Distribution Center 
Costco Distribution Center in New Market announced a 600K SF expansion last year, tripling their current size and  adding 200 new employees.  The warehouse distribution center currently employs 400 people. Initially when Costco announced their plans to come to Frederick in 2007, they planned for 300 jobs and a 525K SF building. The average salary of the distribution center in 2007 was 42,000, well above the state and local average at the time. They have a promote from within training program that allows employees with little skills to earn higher than average wages through length of time employed and skill sets learned.

Stulz Air Technology Systems, Inc
In 2008, Stulz Air Technology had 280 employees. The company hired about 80 employees at the end of 2010, bringing its staff to more than 385, and expanded to 37,000 additional square feet. In 2014, announced a $5 million expansion. Stulz Air bought a 41,000-square-foot building adjacent to its existing 140,000-square-foot building and plans to hire 25 permanent new employees. “The combination of physical expansion, emphasis on employee training and innovative products has helped Stulz to grow its market share more easily than the competition”, said  Thorsten Weiss, the company's chief financial officer.

Flying Dog Brewery
After acquiring Frederick Brewing Co. (which produced Wild Goose Beers) in 2006 for about $1.8 million, Aspen, Colorado’s Flying Dog Brewery said the sale was expected to add 8 jobs initially to the existing 20 employee operation and had the potential to add 70 new jobs. In 2012, they purchased new equipment that increased their production capacity by 15%.  In 2014, Flying Dog bought the 46,000 SF building they had been occupying for a decade on Wedgewood Blvd. In 2015, they announced an expansion just over the MD line into Lucketts, VA with a new, smaller brewery under a different name and with a different focus. They now employ 100 people in Frederick. 

Since beginning operations in Frederick in 2006, the local brewery has made a name for itself in the craft beer industry, including being named the Mid-Size Craft Brewery of the Year at the 2009 Great American Beer Festival, and its American Pale Ale received a No. 1 ranking in the U.S. by The New York Times.

Lonza
In 2009, Lonza Bioscience in Walkersville employed 400 people and announced an expansion of their facility adding 44,000 SF and 80 new jobs with a $26 million dollar capital investment. Today, they employ 524.  The Biggs Ford Road site was initially opened as BioWhittaker, but was later acquired by Cambrex. Lonza acquired Cambrex's division in 2007. The facility provides approximately 3000 products and services to the biotechnology, clinical, pharmaceutical and research communities. One of the key ingredients for the diagnostic kits made at the Walkersville facility is blood from horseshoe crabs. Each spring, a crew travels to the shore to gather small amounts of blood from the crabs. The diagnostic kits test for pyrogens, a naturally occurring bacterium that can cause shock, fever and even death in patients if not screened out of products.  Lonza, based in Basel, Switzerland, is one of the world's largest suppliers to the pharmaceutical, health care and life sciences industries.

U.S. Veteran's Administration Center for Acquisition Innovation
In 2008, the Veteran’s Administration named Frederick as their new location for their VA Center for Acquisition Innovation. Initially they brought 150 jobs but today employ 207 people in 40,500 SF where Wells Fargo used to be on New Horizon Way before they built their new facility.  They initially looked at Fredericksburg, VA, St. Louis and Pittsburgh before deciding on Frederick. This facility trains VA employees in purchasing in a 3-year program before they are sent to VA offices all over the Country.

Canam Steel
Point of Rocks steel joist manufacturer Canam Steel expanded in 1999 with an $8M capital investment and 80 new jobs. Canam suffered when commercial construction declined in 2007. Yet, finding a new niche in bridgework in 2008 and 2009 allowed the company to add 100 jobs to the plant after layoffs. Now, Canam managers say they have the flexibility to respond to the market cycles that hit at different markets at different times. In 2011, Canam expanded with a $5M investment and 25,000 additional SF. They now employ 300 people.

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!

Friday, February 27, 2015

2014 Annual Report Now Available

The 2014 Frederick County Business Development and Retention Annual Report is now available to download from our website here.
If you don't have time to read the whole Annual Report, here are the Top 5 Things to Remember About Economic Development in Frederick County for 2014:
1.       Frederick County made the historic transition to Charter Government and elected the first County Executive and County Council
2.       Frederick County was named one of the Top 10 Counties in America by Movoto Real Estate
3.       The Manufacturing Workforce Partnership of Frederick County was a recipient of the EARN Maryland grant, aimed towards supporting manufacturing training programs and job creation.
4.       45% of companies surveyed have plans to hire more staff and 30% have future plans to expand their location.
5.       Farm breweries and distilleries received a record number of business inquiries thanks in part to the new Farm Brewery legislation passed in Maryland.

Wednesday, February 18, 2015

January Economic Indicators Now Available

The January edition of our Monthly Business Economic Indicators is now on our website. This month includes the following changes and highlights:

Unemployment rate remains unchanged since September at 4.6%. At this time last year, our unemployment rate was 5.2%

Commercial real estate figures have been updated. The overall vacancy rate for Frederick County for 2014 was 11.5% which is significantly lower than the year end 2010 vacancy rate of 15.8%. The flex market saw the largest decrease in vacancy rates going from 23.4% in 2010 to 13.2%.

The residential housing market saw the biggest increase in average home price increase out of any county in the state of Maryland from January 2014 to January 2015. The average home price in January 2015 was $300,089 compared to $260,630 the year before. This represents a 15.1% increase.

January 2015 had one of the best years in the last 5 years for the number of commercial and industrial permits issued. A total of 78 permits were issued, which ties for 2013 for the highest number since 2011.

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:
  • Competitive and sole source contracting
  • 10% price evaluation preference in full and open contract competitions, as well as subcontracting opportunities.
The federal government has a goal of awarding 3% of all dollars for federal prime contracts to HUBZone-certified small business concerns. Click hereDownload Adobe Reader to read this link content 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:
  • 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.