AlliedSignal is awarded contracts with NavyAlliedSignal...

Business Digest

June 07, 1999

AlliedSignal is awarded contracts with Navy

AlliedSignal Technical Services Corp. has been awarded a five-year, $97 million contract to provide engineering services for the Space Systems Development Department of the Naval Research Laboratory.

The company's team of about 140 associates will provide systems, electrical and network engineering.

AlliedSignal has also been awarded a five-year, $30 million contract to provide systems engineering and integration services for the Navy's Space and Naval Warfare Systems Center in Charleston, S.C.

SBA accepting applications for empowerment program

The U.S. Small Business Administration is accepting applications for its new HUBzone Empowerment Contracting program, designed to stimulate economic development and job creation in targeted urban and rural areas.

Small-business owners can determine whether their company is situated within a HUBzone -- a "historically underutilized business zone" -- by using a system at the administration's Web site: http: //

The SBA is offering loans to agriculture-dependent businesses and small agricultural cooperatives that suffered economic loss as a result of drought conditions from June 15 through Nov. 3 last year.

Loans up to $1.5 million are available to eligible small businesses at 4 percent interest with loan terms of up to 30 years.

Information: 800-659-2955.

AIDES offers training for senior citizens

The Maryland Department of Aging sponsors a Senior AIDES Program for those interested in earning wages while receiving training for permanent employment.

The program offers job training, employment counseling, job placement and support services to seniors 55 and older.

Senior Aides can acquire and hone job skills through part-time community service assignments with local nonprofit and government agencies, with the objective of gaining permanent employment within two years.

Information: 800-AGE-DIAL


Christopher P. Parr, founder and principal of Columbia-based Parr Financial Solutions, will speak at the third Basic Training Conference of the National Association of Personal Financial Advisors to be held in Annapolis June 25-27. The Kings Contrivance resident will demonstrate comprehensive financial planning.

Steve Zelenak has recently joined Provident Bank of Maryland as a vice president in the secured lending unit. The Columbia resident will be responsible for developing new business with manufacturers, wholesalers and distributors with annual sales that range from $7 million to $75 million. His territory includes the Central Maryland region.

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