Feds Announce $3 Billion Economic Development Initiative

US Secretary of Commerce Gina M. Raimondo announced that the Department of Commerce’s Economic Development Administration (EDA) will implement a series of programs, collectively called Investing in America’s Communities. This historic investment, funded by the American Rescue Plan Act of 2021, will support bottom-up, middle-out economic development focused on advancing equity, creating good-paying jobs, helping workers to develop in-demand skills, building economic resilience, and accelerating the economic recovery for the industries and communities hit hardest…

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Randallstown NAACP Launches Task Force on the Revitalization of Security Square Mall

The coronavirus pandemic has sped up the demise of many of America’s struggling shopping malls. Security Square Mall in Woodlawn, Maryland, is no exception. The mall has been in decline since the early 2000s, and the recent pandemic has only served to hasten its downfall. In an effort to stimulate job growth and increase local tax revenue, the Randallstown NAACP has created a task force to look into the revitalization of this important economic and…

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Should Talent-Driven Economic Development Be the New Model?

Traditional economic development has long focused on business attraction, expansion, and retention. However, a different model – talent-driven economic development – has been slowly gaining steam among researchers and professionals in the field. The COVID-19 pandemic supercharged the prevalence of remote work and has been a catalyst to bring this kind of economic development to the forefront. In a recent opinion piece published in USA Today, Bill Oesterle, the co-founder and former CEO of Angie's…

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State Announces $30 Million to Expand Broadband Access Across 18 Counties

Grant Funding Will Expand Service to More Than 12,000 Households In 18 Counties Governor Larry Hogan today announced awards to expand broadband internet access to more than 12,000 households in 18 counties. Administered by the Maryland Department of Housing and Community Development’s Office of Statewide Broadband (OSB), $29,472,131 in grant funding will support network infrastructure projects by local internet service providers that will provide connectivity to unserved or underserved communities in Maryland. These awards are…

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St. Mary’s Launches Program to Incentivize Commercial Revitalization

St. Mary’s County this week announced a new program to stimulate and incentivize investment in commercial real property by providing tax relief to commercial property owners. The "Property Tax Challenge" program aims to spur renovations and upgrades to commercial properties in targeted areas by allowing owners to pay taxes based on the property’s pre-renovation value rather than the higher assessment triggered by the upgrades. Under the program, commercial property owners in targeted areas who invest…

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Maryland to Reopen American Job Centers for In-person Services

Physical Locations Reopening to Provide Comprehensive In-Person Employment, Training, and Business Services Maryland Department of Labor Secretary Tiffany P. Robinson today announced that the state’s 32 American Job Centers (AJCs), which served thousands of job seekers and businesses virtually during the COVID-19 pandemic, are now reopening physical locations to provide in-person services. Maryland’s network of AJCs offers comprehensive employment, training, and business services that play a critical role in helping job seekers and employers fully…

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Lt. Governor Rutherford, Mayor Scott To Co-Chair 2026 FIFA World Cup Host Committee

Today, Lieutenant Governor Boyd Rutherford and Baltimore Mayor Brandon Scott were announced as the co-chairs for the Baltimore-Maryland 2026 FIFA World Cup Host Committee. Longtime FIFA fan, Lt. Governor Boyd Rutherford was joined by Baltimore Mayor Brandon Scott and Terry Hasseltine, President of Baltimore-Maryland 2026 and Executive Director of Maryland Sports Commission, for the announcement at Baltimore’s M&T Bank Stadium. “The Baltimore-Maryland 2026 bid has unwavering support from the communities that would benefit immensely from…

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Queen Anne’s County Nonprofit Assistance Fund Announced

Queen Anne's County announced last week a new nonprofit assistance fund. The Queen Anne's County Nonprofit Assistance Fund will be accepting grant applications until July 30th. Use of funds and eligibility requirements are available on the County's Economic Development website. According to a County press release: This assistance fund has been created to aid nonprofits in fulfilling their mission and outreach goals which includes adjusting operations due to the pandemic. Funds are to be utilized…

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Hogan Announces $13.5M in Maryland Waterway Improvement Fund Awards

Governor Larry Hogan announced $13.5 million in Waterway Improvement Fund grants for Fiscal Year 2022 to enhance and improve public boating access, facilities, and navigation throughout the state.  “Boating is not just an important part of our history and our culture, it is also an important part of Maryland’s economy,” said Governor Hogan. “The announcement of these new grants is yet another shining example that Maryland is open for business, open for summer, and open…

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Hogan Announces $25 Million Initiative to Revitalize Downtowns, Main Streets

Project Restore to provide financial incentives for taking over vacant retail and commercial space. Rental subsidies of up to $2,500 per month, sales tax rebates of up to $250,000 per year. Governor Larry Hogan yesterday announced the launch of Project Restore, a $25 million economic recovery initiative that will provide financial incentives for small businesses and commercial developers to revitalize vacant retail and commercial space. The governor made the announcement in downtown Berlin during a…

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