BUSINESS
By Hanah Cho, The Baltimore Sun | April 13, 2012
A Chinese bank will establish its first U.S. office in Maryland, state economic development officials announced Friday. The Export-Import Bank of China and the Maryland Department of Business and Economic Development signed a cooperative agreement allowing the bank to open an office at the World Trade Center Baltimore at the Inner Harbor. The bank will focus on business development, project evaluation and building relationships in the U.S. market as well as consider providing funding for Chinese companies looking to invest in the United States.
NEWS
By M.G. Quibria | April 10, 2012
Few people on the street may be familiar with the World Bank. Yet, it plays a critical role in the U.S. effort to engage the world through its contribution to economic development in poor and post-conflict societies. As current World Bank President Robert Zoellick steps down this summer, the bank will soon have a new leader. In the past, as per an unwritten convention, the U.S. — the largest single majority shareholder of the bank — got to select the president. Although the bank at its core is a development institution, it was, surprisingly, never led by a development professional.
EXPLORE
March 7, 2012
The BWI Business Partnership's breakfast will feature Christian Johansson, the Maryland Secretary of Business and Economic Development, Tuesday, March 20 from 7:45 to 9:15 a.m at the Hotel at Arundel Preserve, 7795 Arundel Mills Blvd., in Hanover. Johansson will speak about critical issues involving Maryland's competitive business climate, both regionally and in the international marketplace; and the work of his department's Office of Military and Federal Affairs and the state's tourism promotion efforts.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | February 25, 2012
When asked 16 years ago to head Baltimore's economic development agency, M.J. "Jay" Brodie really didn't want the job. The 75-year-old Brodie, who will retire from the Baltimore Development Corp. after serving as president under four mayors, is credited with helping to usher in major waterfront redevelopment, strengthen neighborhood commercial districts and attract and retain employers. Mayor Stephanie Rawlings-Blake said Brodie will leave a legacy as a major contributor to the city's continuing renaissance.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | February 23, 2012
M.J. "Jay" Brodie, who has headed Baltimore's economic development agency under four mayors and helped shepherd projects such as the Harbor East redevelopment, said Thursday he plans to retire. The Baltimore native and former city housing commissioner is credited with overseeing initiatives to create thousands of jobs and to attract and keep hundreds of businesses in the city during his 16 years as president of the Baltimore Development Corp., the city's quasi-public economic development arm. Brodie, viewed as highly influential in city development, also has drawn criticism from residents and business owners who have complained about being pushed out by urban renewal and about the secrecy under which they say his agency has operated.
EXPLORE
February 12, 2012
WESTMINSTER — The Board of County Commissioners announced this week that they'll reorganize the county's Department of Economic Development — and won't hire a replacement for former director Larry Twele, who resigned in July 2011. WESTMINSTER — The Board of County Commissioners announced on Feb. 9 that it will reorganize the county's Department of Economic Development — and won't hire a replacement for former director Larry Twele, who resigned in July 2011. On Feb. 9, the commissioners announced that instead of replacing Twele, who left to take a similar post in Howard County, the county will leave the directorship vacant and hire two administrators for the department — one to oversee day-to-day operations and be the coordinator of the new Carroll Business Path project; and other to be responsible for business retention and outreach.