BUSINESS
November 18, 2009
LANSING, Mich. - General Motors Co. is promising to keep its headquarters in Detroit in return for expanded state tax credits approved Tuesday. The Michigan Economic Growth Authority gave the go-ahead to extend tax credits the company won in June for agreeing to build a new small car at its Orion Township plant near Pontiac. The tax credits now cover some workers at GM's Renaissance Center headquarters in downtown Detroit. The new agreement says GM must keep 22,500 employees in the state rather than just 20,000 to get the tax credits.
BUSINESS
By Baltimore Sun reporter | April 15, 2010
An auction of the former Catholic Relief Services headquarters at 209 W. Fayette St. in Baltimore was canceled at the request of the mortgage holder, according to auctioneer Paul Cooper of Alex Cooper Auctioneers. The auction, which had been scheduled for today, would have been a foreclosure sale on behalf of People's Bank of York, Pa. The building owner, an investment group called 209 West Fayette LLC, had negotiated a contract to lease about 56,000 square feet of space in the seven-story building for five years to the VA Maryland Health Care System, an affiliate of the U. S. Department of Veterans Affairs.
BUSINESS
By Gus G. Sentementes, The Baltimore Sun | October 11, 2011
SunEdison LLC, one of the nation's largest providers of solar energy services, said at a news conference with California's governor Monday that it had moved its headquarters from Beltsville to California's Silicon Valley. The news was announced by California Gov. Jerry Brown, who said in a statement that the company would bring 200 employees from Maryland to Belmont, Calif. SunEdison also pledged to create 300 new jobs over the next five years. Brown attributed the company's decision to relocate to a tax relief law geared toward solar energy firms that was passed this summer.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | July 25, 2011
Celsion Corp., a biotech firm that develops cancer drugs, said Monday that it will move its headquarters from Columbia to New Jersey by the end of September. The company said it has outgrown its current offices, where all but one of its 18 employees work, and intends to relocate to Lawrenceville, N.J., near Trenton. Officials want to move closer to New York financial markets and join the sizable community of companies and academics working on drug development and commercialization in New Jersey.
NEWS
April 29, 2012
That schools CEO Andrés Alonso deplores the lavish renovation at headquarters only after the work has been done says a lot about why he should go. Mr. Alonso has abused having a driver, and he brings in outside auditors when standardized tests are given because he doesn't trust the people who work for him, He and the mayor were pictured with President Obama when he signed a wavier to do away with certain requirements of the No Child Left...
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | September 15, 2011
Under Armour is hoping to double the size of its Baltimore headquarters to accommodate additional employees, a retail store and a company museum. The sports apparel company wants to build an additional 400,000 square feet at Tide Point, an office complex in the Locust Point neighborhood that the firm, which had rented there for years, bought earlier this year. The company envisions a 20,000-square-foot store opening in 2013, with offices and the museum to follow. Underground and surface parking are also planned.