Baltimore Development pleased with its year

Maryland Watch

April 05, 1997

Baltimore Development Corp., the quasi-public economic development agency for Baltimore City, rendered assistance to businesses employing 5,631 people and facilitated investments worth $176 million last year, the agency said in its annual report.

BDC, sharply criticized several years ago as unresponsive to local businesses while the city steadily lost jobs, was restructured last year under a new board of directors and president, M. J. "Jay" Brodie.

Agency Chairman Roger C. Lipitz said the BDC is "creating momentum on which we hope to build in the future."

BDC's deals last year included helping American Red Cross move a lab here from Rockville, getting International Youth Foundation to move to Baltimore from Battle Creek, Mich., setting up McDonald's Corp.'s regional headquarters downtown, and helping Sylvan Learning Systems move its headquarters to the city from Columbia.

Baltimore City lost more than 60,000 jobs in the early 1990s. Preliminary figures from the U.S. Bureau of Labor Statistics show that its employment held steady last year.

Pub Date: 4/05/97

Baltimore Sun Articles
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.