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NEWS
February 7, 2003
Today's highlights 11 a.m.Senate meets, Senate chamber. 11 a.m.House of Delegates meets, House chamber. 1 p.m.Senate Budget and Taxation subcommittee on education, business and administration, budget hearing on Department of Business and Economic Development, 3 West Miller Senate Office Building.
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NEWS
January 23, 2008
State approves $50,000 investment for Clarksville drug company The Maryland Department of Business and Economic Development has approved a $50,000 investment for Neuronascent Inc., a small molecule drug development company in Clarksville. The investment will be made through the department's Challenge Investment Fund, a program to assist small start-up companies in the high technology sector. The investment will allow the company to continue work on a therapeutic drug for Alzheimer's disease, said Judith Kelleher-Andersson, the company's founder, president and chief scientific officer, according to a news release.
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NEWS
July 27, 1995
A story in yesterday's editions about Saks Fifth Avenue possibly opening a distribution center in Aberdeen incorrectly identified James Fielder. He is deputy director of the Maryland Department of Business and Economic Development. James T. Brady is the director.The Sun regrets the error.
BUSINESS
By Jay Hancock and Jay Hancock,Sun Columnist | October 22, 2006
Maybe there was a year when Maryland got more abuse for being "anti-business," but I can't remember it. The General Assembly's attempts to force Wal-Mart to boost medical benefits, fire the entire Public Service Commission and alter Baltimore Gas and Electric Co.'s rate increase prompted uncountable diatribes. "Lights out in Maryland," said the headline on a Wall Street Journal editorial. The legislature's approach to the electricity problem, the Journal said, speaking for many, "is just one more example of how Maryland is developing a reputation for being a bad place to do business."
NEWS
March 31, 2000
State housing official to speak at Taneytown Business Breakfast The Taneytown Business Breakfasts are held monthly at 7: 30 a.m. at Thunderhead Bowling Center. The next breakfast will be held April 7 and feature Marge Wolfe, deputy secretary of the Maryland Department of Housing and Community Development. On May 5, Richard N. Dixon, state treasurer, will be the guest. The group's breakfast and business expo will be held June 16 at Northwest Middle School in Taneytown. Mike Lewin from the Maryland Department of Business and Economic Development will be the guest.
NEWS
BY A SUN STAFF WRITER | March 23, 2004
The Maryland Department of Business & Economic Development released the names yesterday of the donors to a nonprofit organization set up to help defray the state's costs of entertaining at the 2003 Preakness Stakes. The organization -- which checked with its donors before giving the names to the department -- raised $90,000. The donations included $25,000 from Constellation Energy, $25,000 from the Baltimore Orioles, $25,000 from Lee's Ice Cream, $5,000 from SunTrust Bank, $5,000 from Arundel Computers, $4,000 from Claudia's Kitchen and $1,000 from Lee's co-owner Steven Rubin.
BUSINESS
By June Arney and June Arney,SUN STAFF | January 4, 2003
The state's Department of Business and Economic Development received five bids for its $35 million advertising account, which includes Maryland tourism, an official said yesterday. Baltimore-based Trahan, Burden & Charles Inc., which has held the account for the past five years, is among those agencies competing for the high-profile business. The state account includes DBED's Office of Tourism Development and the Office of Business Development. The segments could be handled by different companies.
BUSINESS
By Shanon D. Murray and Shanon D. Murray,SUN STAFF | June 22, 2000
Baltimore-based MMG Ventures LP, an African-American-owned venture capital fund for minority businesses, added a $2 million investment yesterday from Citigroup Inc. - an amount that could attract additional money from the federal government that could bring the fund to about $35 million, fund officials said. In return for its investment, Citigroup's Center for Community Development Enterprise becomes a limited partner in MMG. Other investors include the Maryland Department of Business and Economic Development, the nonprofit Maryland Corp.
BUSINESS
By June Arney and June Arney,SUN STAFF | January 2, 2003
The state's Department of Business and Economic Development is seeking one or two agencies to handle its $35 million advertising account, which includes promoting tourism. Trahan, Burden & Charles Inc. of Baltimore has held the account for the past five years. It could not be determined whether the firm is seeking to retain the business. State officials would not disclose the number of proposals received so far. But 29 vendors attended a pre-proposal conference in November, according to a spokeswoman for the Department of Business and Economic Development.
BUSINESS
By Ivan Penn and Ivan Penn,SUN STAFF | January 14, 2003
In hopes of creating more opportunities and partnerships with the private sector, Gov.-elect Robert L. Ehrlich Jr. announced yesterday the appointment of a well-heeled Maryland business executive as head of the Department of Business and Economic Development. Ehrlich nominated 40-year business veteran Aris Melissaratos, 59, of Linthicum to lead the department that he said will be the cornerstone of his administration. Ehrlich and Lt. Gov.-elect Michael S. Steele campaigned as strong advocates of small-business development, and they hope the Greek immigrant will be their point man. Melissaratos is a former executive with Westinghouse Electric Corp.
NEWS
By TRICIA BISHOP AND ANDREA K. WALKER and TRICIA BISHOP AND ANDREA K. WALKER,SUN REPORTERS | July 20, 2006
While business leaders hailed a federal court opinion striking down the so-called Wal-Mart law yesterday, they said Maryland's commercial reputation already has been damaged by the legislation. "The harm that gets done by proposing, passing and overruling a veto [of the bill] is much longer lasting than a sweet victory in court," said Aris Melissaratos, the secretary of the state's Department of Business and Economic Development. During recent sessions, the Maryland General Assembly has passed legislation that gives tax breaks and other incentives to startup companies and investors.
NEWS
BY A SUN STAFF WRITER | March 23, 2004
The Maryland Department of Business & Economic Development released the names yesterday of the donors to a nonprofit organization set up to help defray the state's costs of entertaining at the 2003 Preakness Stakes. The organization -- which checked with its donors before giving the names to the department -- raised $90,000. The donations included $25,000 from Constellation Energy, $25,000 from the Baltimore Orioles, $25,000 from Lee's Ice Cream, $5,000 from SunTrust Bank, $5,000 from Arundel Computers, $4,000 from Claudia's Kitchen and $1,000 from Lee's co-owner Steven Rubin.
BUSINESS
By Andrea K. Walker and Andrea K. Walker,SUN STAFF | March 27, 2003
Maryland legislators, struggling with a huge budget deficit, are close to cutting or even eliminating the state's primary loan program for small and minority-owned businesses, a move some warned would hurt the state's most vulnerable businesses. The House of Delegates has already voted to eliminate the Maryland Competitive Advantage Financing Fund, a $1 million program that provides loans to companies with sales of less than $1 million or fewer than 100 employees. The Senate has voted to keep the program, which is administered by the Department of Business and Economic Development, but cut its funding from $1 million to $375,000.
BUSINESS
By Andrea K. Walker and Andrea K. Walker,SUN STAFF | February 25, 2003
A veteran of the Department of Business and Economic Development has been appointed to serve as the agency's deputy secretary, the governor's office announced yesterday. Vernon Thompson, DBED assistant secretary for eight years, will be responsible for the day-to-day operations of the department and its 362 employees. He will be second-in-command to DBED Secretary Aris Melissaratos. "His knowledge of the Maryland business community, combined with his comprehensive knowledge of the department and his programs will serve him well as he works to ensure that the economy continues to grow and bring high-quality jobs to Maryland," said Melissaratos, a former top Westinghouse Electric Corp.
NEWS
February 7, 2003
Today's highlights 11 a.m.Senate meets, Senate chamber. 11 a.m.House of Delegates meets, House chamber. 1 p.m.Senate Budget and Taxation subcommittee on education, business and administration, budget hearing on Department of Business and Economic Development, 3 West Miller Senate Office Building.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | January 25, 2003
Aris Melissaratos' corner office on the 23rd floor of Redwood Towers downtown was bare and lonely. No artwork or diplomas on the walls. No pictures of grandchildren on the desk. Not even stacks of paper in the "to do" box. "This is my 36th hour on the job," said Melissaratos, Gov. Robert L. Ehrlich Jr.'s newly appointed head of the Department of Business and Economic Development. Melissaratos is not worried about trappings, there are bigger issues commanding his time: helping form a vision that will guide the state's economy for the next four years.
BUSINESS
By Jay Hancock and Jay Hancock,SUN STAFF | July 23, 1998
Reacting to a survey that found decreased optimism about Maryland's business climate, the state's acting economic development secretary said yesterday that the climate "is better but not as good as it could be."James D. Fielder Jr., who took over as head of the Department of Business and Economic Development after James T. Brady resigned April 28, pointed to an income tax cut, smoother permit procedures and the appointment of a state trouble-shooter as examples of the state's increased friendliness toward business.
NEWS
By TaNoah Morgan and TaNoah Morgan,SUN STAFF | October 15, 2001
Howard County's NeoTech incubator is getting stuffed. While the incubator's first graduate is preparing to leave the facility next month, three new companies have arrived in the past four months. And managers there are making room for the state's Department of Business and Economic Development. "DBED is moving here because they want to have a presence in Howard County," said Carol Morrison, incubator manager. "It goes back to us saying this is one-stop shopping." In the almost 1 1/2 years since the incubator opened, 10 companies have located there to share conference facilities, office support services and equipment at more affordable lease rates than are typically available in Columbia.
BUSINESS
By Ivan Penn and Ivan Penn,SUN STAFF | January 14, 2003
In hopes of creating more opportunities and partnerships with the private sector, Gov.-elect Robert L. Ehrlich Jr. announced yesterday the appointment of a well-heeled Maryland business executive as head of the Department of Business and Economic Development. Ehrlich nominated 40-year business veteran Aris Melissaratos, 59, of Linthicum to lead the department that he said will be the cornerstone of his administration. Ehrlich and Lt. Gov.-elect Michael S. Steele campaigned as strong advocates of small-business development, and they hope the Greek immigrant will be their point man. Melissaratos is a former executive with Westinghouse Electric Corp.
BUSINESS
By June Arney and June Arney,SUN STAFF | January 4, 2003
The state's Department of Business and Economic Development received five bids for its $35 million advertising account, which includes Maryland tourism, an official said yesterday. Baltimore-based Trahan, Burden & Charles Inc., which has held the account for the past five years, is among those agencies competing for the high-profile business. The state account includes DBED's Office of Tourism Development and the Office of Business Development. The segments could be handled by different companies.
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