Business Digest

BUSINESS DIGEST

August 02, 2006

Ascend One makes $10,000 donation, Columbia-based Ascend One Corp., parent of Amerix Corp., a technology and processing service provider to the credit-counseling industry, donated its third installment of $10,000 to the Maryland Council on Economic Education.

The donation, part of a $50,000 pledge over five years, will pay for classroom materials and faculty support for a three-credit economics course for 30 Anne Arundel middle school teachers and an economic and personal finance course for as many as 30 Baltimore teachers.

The donation, contributed by the Ascend One Fund for Financial Literacy, will be used to help people become aware of budget basics and personal financial management.

Created in 2004, the Fund for Financial Literacy is a 10-year commitment to establish a $5 million endowment to support educational programs, scholarships, research and other efforts.

Rouse fund gets pair of grants

The Jim Rouse Entrepreneurial Fund received funding from Constellation Energy Group and a donation from the Rotary Club of Columbia-Patuxent Inc.

The grants were for general operating support and fund development assistance and to help the organization support small businesses in the area.

In the Center for Business & Technology Development in Columbia, the Rouse fund is a private, not-for-profit funding source for Howard County start-ups and emerging companies. The organization offers business loans up to $150,000. Through its strategic partners, it offers assistance with business advice, planning and education.

Business Digest items can be sent to Fay Lande at fay.lande@baltsun.com or faxed to her attention at 410-715-2816.

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