Business Digest


April 04, 2007

Raytheon subsidiary marks Fulton move

Solipsys, a Raytheon Co. subsidiary, celebrated its move to Maple Lawn, Maryland, last week.

Howard County Executive Ken Ulman, Councilwoman Mary Kay Sigaty and Maple Lawn developer Stewart Greenebaum joined Raytheon Integrated Defense Systems President Dan Smith and Raytheon Solipsys President Mark Trenor in a cutting ribbon ceremony at the company's new location.

The company moved about five miles from its former location in Laurel to its new building in Fulton in December. Solipsys occupies 59,000 square feet on the second and third floors of a three-story brick building.

Trenor said that Solipsys has been recognized as a significant government contractor, providing software solutions to defense and homeland security challenges and a critical niche asset to Raytheon Co., the nation's fifth-largest defense contractor. Raytheon Solipsys has 190 employees.

Woodstock 2007 to be held Saturday

j-ref, a small business financier in Howard County, will hold its fourth fundraiser celebrating entrepreneurship, Woodstock 2007, from 5:30 p.m. to 8 p.m. May 16 at the Howard County Conservancy in Woodstock.

Michael A. Mobley, j-ref's executive director, and the organization's board of directors will be hosts. The cost is $45.

j-ref is a private, not-for-profit funding source for startup and emerging companies in Howard County. In the Center for Business & Technology Development in Columbia, j-ref offers business loans up to $250,00 and in cooperation with its strategic partners, provides business advice, planning and education.

Information: 410-313-6170, or

Fund to encourage `green' construction

Mary Ann Scully, president and chief executive officer of Howard Bank, has announced the creation of a three-year, $25 million fund to encourage "green" buildings in Howard County.

The Sustainability Loan fund is the third major initiative of the bank's Community Enrichment Program and is designed to support Howard County's intention to position itself as a model green community. County Executive Ken Ulman has established a Commission on the Environment and Sustainability to identify best environmental practices.

The Sustainability Loan Fund will be available for renovation or new construction of commercial buildings and residential homes. Loans for eligible sustainable construction will include a variety of options for longer amortization and lower interest rates.

The bank's Renaissance Loan Fund is targeted to funding projects and developments in mature areas in Howard County.

Its Public Servant Loan Fund is designed to facilitate the first-time purchase of a Howard County home in the county by teachers, police officers, firefighters, government workers and hospital employees who work in the county.

Business Digest items may be sent to or faxed to 410-715-2816.

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.