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BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | March 22, 2011
Maryland needs a sustained hiring surge to recover from devastating job losses during the recession, but few businesses appear to be planning anything more than modest work-force increases this year. More than 80 percent of mid-Atlantic employers said they expected "limited" or "sluggish" hiring at their companies in 2011, according to a survey by employment-services firm Manpower released this week. An earlier survey of Maryland companies by the University of Baltimore found that about 85 percent expected to expand slightly or to hold the line in the near term, with 8 percent contemplating cuts.
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BUSINESS
By Gus G. Sentementes, Jamie Smith Hopkins and Lorraine Mirabella, The Baltimore Sun | February 6, 2011
As Molotov cocktails, rocks and gunshots filled the streets of Cairo last week, executives at ARINC Inc. in Annapolis fixed on their employees' safety and getting them out of Egypt. The company, which outfitted Cairo's international terminal with electronics systems and maintains U.S. Air Force jets there, decided Thursday after days of anti-government protests and clashes to pull employees, contractors and their families out. It was a harrowing time — there and here. "This is what we've been living and breathing 24/7," said Alice Lao, ARINC'S director of international human resources.
BUSINESS
By Gus G. Sentementes, The Baltimore Sun | November 29, 2010
Many consumers now think "buy local" when it comes to food, or in choosing to shop at small local storefronts as opposed to national big-box chains. But how about buying local when it comes to technology purchases, especially around the holidays? In honor of Cyber Monday, BaltTech compiled a list of products — hardware, software, accessories and games — that originate in Maryland, and could make for holiday gifts. Your dollars also would help to support Maryland's technology entrepreneurs and businesses.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | November 22, 2010
Maryland's financial regulators said Monday that they have ordered a Kansas firm to stop collecting debts from Maryland residents, alleging that the company repeatedly tried to collect on illegal payday loans despite being warned not to do so. Smith Haynes & Watson's debt-collection license was suspended last week by the state Department of Labor, Licensing and Regulation after complaints from residents, a temporary action that will become final if...
NEWS
September 29, 2010
The "Ehrlich on the attack" editorial of September 29th as well as several other articles in recent weeks included a discussion point about employment in Maryland. Unemployment has been a constant topic of debate for the Maryland governor's race. One position stated is that Maryland is in bad shape while the other opinion is that Maryland is doing OK considering the national employment climate. Here's a challenge that I'd like to be presented to the candidates: Show what the current Maryland private sector employment rate is now under the O'Malley administration versus what it was under the Ehrlich administration.
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 Gus G. Sentementes, The Baltimore Sun | June 1, 2010
Gov. Martin O'Malley proposed a tax credit plan Tuesday intended to spur investment in Maryland's technology and life sciences industries that could be worth up to $100 million. Under O'Malley's plan, the state would raise investment capital through auctioned tax credits to insurance companies in Maryland, which would purchase the breaks for redemption in 2015 or beyond, state officials said. O'Malley, who recently launched his re-election campaign for governor, unveiled his proposal while speaking before a crowd of business leaders at a technology conference in Rockville.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,lorraine.mirabella@baltsun.com | March 4, 2009
A weak U.S. dollar and aggressive marketing of Maryland goods and services helped boost the state's exports to a record high of $11.4 billion last year, a 27 percent jump over 2007 and more than double the nation's 12 percent export growth rate, state officials said yesterday. About 5,000 companies in Maryland exported goods to 200 countries, with Canada, the top destination, receiving $1.5 billion in exports and Belgium, the Netherlands, Germany and the United Kingdom receiving $2 billion, the state Department of Business and Economic Development said.
BUSINESS
By Tricia Bishop and Tricia Bishop,Sun reporter | July 8, 2007
While Maryland's publicly traded biotechnology companies brought in $2.2 billion in revenue during their most recent full fiscal years, they lost an average of $21 million apiece - for a combined net loss of about $553 million. Many of the 26 reporting companies don't yet have products on the market and just five of them recorded profits. Yet their chief executives earned average annual cash compensation of $611,312, according to a Sun analysis of figures found in regulatory filings. Perks such as housing and transportation allowances were taken into account in the review, though stock options and awards were not because they don't represent cash - something most biotech companies don't have to spare.
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