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BUSINESS
March 12, 2010
Hoping to increase the number of local businesses with an overseas reach, Gov. Martin O'Malley said Thursday that the state will restart a program that gave $5,000 export-assistance grants to firms but had its funding frozen this fiscal year because of the budget crisis. The planned July 1 revival of the Export MD program is part of his newly announced Maryland Export Initiative, which O'Malley hopes will create jobs by connecting more firms to foreign markets. Just 3 percent of Maryland companies currently export overseas, he said.
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NEWS
September 29, 2014
Reginald V. Truitt was a zoologist at the University of Maryland and a pioneer in scientific studies to better understand and protect the precious resources of the Chesapeake Bay. In 1925, Truitt founded the Chesapeake Biological Laboratory in Solomons, which became the foundation for what is now the University of Maryland Center for Environmental Science (UMCES). It is truly fitting that UMCES has a prestigious environmental award in his name, but what would Truitt think of the most recent award winner?
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BUSINESS
By Kevin Rector, The Baltimore Sun | May 28, 2014
The Maryland Port Administration received a federal award Wednesday for its success increasing exports out of the port of Baltimore's public terminals in recent years. The President's "E Star" Award, given at a ceremony at the U.S. Department of Commerce, honors "exporting excellence" by businesses or other agencies. In the past four years, exports have increased nearly 23 percent at the port of Baltimore's public terminals, which the port administration oversees. "This has helped the Port maintain its position as one of Maryland's leading economic engines for thousands of good-paying, family-supporting jobs for more Maryland workers," said Gov. Martin O'Malley in a statement on the award.
BUSINESS
By John Fritze, The Baltimore Sun | August 15, 2014
When developing countries need to deepen a canal for irrigation or navigation, they frequently call on Ellicott Dredges, a 129-year-old Baltimore-based maker of dredging equipment. To sell their massive, multimillion-dollar machines abroad, Ellicott Dredges often turns to the U.S. Export-Import Bank — an obscure federal agency that facilitated more than $37 billion in exports last year. The 80-year-old bank, a New Deal-era institution that provides loans and credit guarantees, is now at the center of a debate between conservative Republicans and the rest of Congress.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | July 26, 2010
The Baltimore area's top export industries are well-positioned to grow, and metropolitan areas nationwide are expected to play key roles in helping boost U.S. exports — and job growth, according to a study released Monday by the Brookings Institution. The study, Export Nation, offers what its authors say is the first in-depth look at the geography of exporting in the U.S., analyzing exports in the nation's top 100 metropolitan areas. The Baltimore metro area falls in the top third of that category , with $9 billion in annual export production and more than 74,000 export-related jobs.
BUSINESS
By Candus Thomson, The Baltimore Sun | March 8, 2012
The Baltimore region showed nearly double-digit growth in export goods and services in 2010, with room to grow, according to a study released Thursday by the Brookings Institution, a Washington-based public policy organization. The report, titled "Export Nation," reviewed data collected from the 100 largest U.S. metro areas. Baltimore was ranked 27th, with exports valued at $9.7 billion. U.S. exports, led by manufacturing, grew faster than at any time since 1997, said Emilia Istrate, the study's lead author.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | September 29, 2013
Glen Burnie food products company Allied International Corp. might have a global-infused name, but it sold nothing outside the country before 2008. Now it exports to 45 countries, accounting for nearly 20 percent of the small firm's revenue. This is exactly what export proponents want to see more of in the Baltimore region - and nationally - as a way to propel economic growth. Exports accounted for an expanding but still fairly slim portion of the metro area's economic activity last year.
NEWS
By Francisco J. Sanchez | March 12, 2012
Today marks the second anniversary of President Barack Obama's National Export Initiative (NEI), an ambitious effort to double U.S. exports by the end of 2014 and support millions of American jobs. In 2011, U.S. goods and services exports reached a record $2.1 trillion and supported the growth of American businesses across the country. Moreover, our economy has added private sector jobs for 24 straight months. Cities like Baltimore are fueling America's exporting growth. According to new data from the Department of Commerce's International Trade Administration (ITA)
NEWS
By Drew Greenblatt | September 7, 2009
On this Labor Day, as most of us enjoy an additional day off, many Marylanders - those who are unemployed - would like nothing better than to no longer have to rest from their labors. What can we do to put them back to work? This summer, Gov. Martin O'Malley convened 16 business and educational leaders for the first meeting of the Governor's International Advisory Council. Our mission was to suggest ways to increase exports from our state and figure out how to attract foreign companies to establish beachheads in Maryland, generating local jobs.
NEWS
April 21, 1991
The recession is not without a silver lining. Hard economic times at home are forcing businesses to aggressively seek markets overseas. Yet though exports of Maryland-made goods rose 25 percent to $3.17 billion in 1990, much of the state's foreign trade potential is still untapped. Frederick County is a case in point. Only 63 out the county's 3,000 businesses are selling internationally, although many more could do so.Up to now the county has not pushed exports in a coordinated fashion. But a state-sponsored survey of Frederick companies' foreign sales efforts has now led to discussion about forming an export council.
NEWS
July 28, 2014
After years of hearing that the U.S. is too dependent on foreign oil, and that our reliance on fossil fuels is ultimately unsustainable anyway, why are we now developing ways to export natural gas ("A key win for LNG facility," July 24)? Do we truly intend to further despoil our natural resources through questionable fracking practices in order to ship fuel overseas? Really? Fran Holman, Towson - To respond to this letter, send an email to talkback@baltimoresun.com . Please include your name and contact information.
NEWS
Robert L. Ehrlich Jr | July 13, 2014
Most people have never heard of it. Fewer still understand how it operates. But it is the focal point of a (mostly) intramural Republican fight playing out in the halls of Congress. Its ultimate resolution will have dramatic impact on a number of high profile American manufacturers - and the thousands of high profile jobs they represent. I refer to the Export-Import (Ex-Im) Bank of the United States. Its charter is to act as a lender/guarantor of last resort (where private sector investment is not available)
FEATURES
By Timothy B. Wheeler, The Baltimore Sun | May 30, 2014
A proposed natural gas export facility in Southern Maryland moved closer to reality Friday, but state regulators ordered the terminal's owner to include more safety and environmental protections for the controversial project, and to donate $48 million to promote clean energy in the state and to help low-income Marylanders pay their power bills. The Maryland Public Service Commission authorized Dominion, an energy company based in Richmond, Va., to build a 130-megawatt generating station at its existing Lusby import terminal.
BUSINESS
By Kevin Rector, The Baltimore Sun | May 28, 2014
The Maryland Port Administration received a federal award Wednesday for its success increasing exports out of the port of Baltimore's public terminals in recent years. The President's "E Star" Award, given at a ceremony at the U.S. Department of Commerce, honors "exporting excellence" by businesses or other agencies. In the past four years, exports have increased nearly 23 percent at the port of Baltimore's public terminals, which the port administration oversees. "This has helped the Port maintain its position as one of Maryland's leading economic engines for thousands of good-paying, family-supporting jobs for more Maryland workers," said Gov. Martin O'Malley in a statement on the award.
NEWS
May 23, 2014
Since October 2008, I have been calling on my colleagues in the House of Representatives to fix the unintended consequences associated with American satellite export regulations that treat all satellites and satellite parts - down to the nuts and bolts - as weapons. These outdated regulations known as the International Traffic in Arms Regulations, or "ITAR," have cost the industry an estimated $21 billion in lost revenues and 28,000 jobs a year to European companies that have long been marketing their products as "ITAR-free.
FEATURES
By Timothy B. Wheeler, The Baltimore Sun | May 15, 2014
A proposed natural gas export facility in Southern Maryland cleared another hurdle Thursday, when a federal review found the controversial project poses no significant risks to nearby residents' safety and no major environmental impacts. The Federal Energy Regulatory Commission staff concluded that "with appropriate mitigating measures" the $3.8 billion project could go forward to build a gas liquefaction plant, a gas-fired power plant and to convert an existing import terminal at Cove Point, on the Chesapeake Bay in Calvert County.
BUSINESS
By Liz Bowie and Liz Bowie,Staff Writer | June 25, 1992
Kirschner Medical Corp. of Timonium says it will continue most of its exports of orthopedic products despite the removal of a Food and Drug Administration certificate of export this week.The financial impact of the FDA's action on the company will be "negligible," Kirschner Chief Executive C. Scott Harrison said yesterday.The certificate assures foreign countries there is no problem with the manufacturing process, the FDA said, but is not required.After consulting with legal counsel, Mr. Harrison said, the company will continue shipping to more than 30 companies.
BUSINESS
By William Patalon III | November 14, 1999
AS A STATE, economically speaking, Maryland has come a long way since the recession of 1991.Its companies -- particularly its finance and manufacturing companies -- are leaner and better-focused than they were early in the decade, though it took painful layoffs and consolidations to get them there.Maryland added such crucial "New Economy" industries as telecommunications and biotechnology. Both are growing nicely.And it's even made some progress shedding its reputation as a state that's hostile to business.
NEWS
By John K. Delaney | April 2, 2014
In the context of Russia's invasion of Ukraine and a still stagnant economy, President Barack Obama faces two important questions on energy transmission: a decision on the construction of the Keystone XL oil pipeline and the question of increasing American natural gas exports. These are choices that will resonate from Crimea to Cove Point. In my judgment, the president should reject Keystone and step up natural gas exports. Here's why. The right analytical framework for these decisions has several component questions: what's consistent with our environmental and energy policy objectives, what's in our economic self-interest, and what serves our geopolitical goals.
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