Treasury Releases Notice of New Opportunity Zone Regulations

The U.S. Department of Treasury has released notice of new regulations for Opportunity Zones. Route Fifty reports: The economic development initiative has been in a lengthy ramp-up phase since it was created as part of the 2017 federal tax overhaul. Treasury released an initial set of draft rules last fall that were seen as a big step forward, but left significant issues unaddressed. The article notes the proposed new regulations appear to help open up the flow of…

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Southern MD Opportunity Zone Regional Summit – April 24, 2019

Mark your calendars for the next Maryland Opportunity Zone Regional Summit. Looking forward to our #SouthernMD #OpportunityZone Regional Summit next week in Indian Head! I hope you can join us Weds, April 24 4:30 - 6:30 PM at the Indian Head Village Green Pavilion. pic.twitter.com/gvo1zdqf6W — Boyd Rutherford (@BoydKRutherford) April 17, 2019 The agenda and more information may be found on the Maryland Opportunity Zone Leadership Task Force webpage.

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Washington County to Receive Economic Development Award

Washington County’s Making Connections Campaign will receive an award from the Maryland Economic Development Association (MEDA) later this month. The MEDA Awards will be held on April 29 at the Hyatt Regency Chesapeake Bay in Cambridge. At the event, the county’s business development and public relations teams will accept an award for Economic Development Marketing for a small community. According to a press release: Washington County launched Making Connections in the fall of 2018. The…

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DHCD Announces Application Round for State Revitalization Programs

The Maryland Department of Housing and Community Development (DHCD) has announced the FY 2020 application round for six State Revitalization Programs: Project C.O.R.E Community Legacy Strategic Demolition Fund - Statewide (all non-Baltimore City) National Capital Strategic Economic Development Fund Baltimore Regional Neighborhood Initiative SEED: Community Development Anchor Institution Program. These programs offer funding to support various types of revitalization projects, such as housing, small business attraction and retention, arts and entertainment facilities, green spaces, etc.…

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Northrop Grumman to Add 175 New Jobs in Cecil County

Northrop Grumman, a global security company that designs, builds, and delivers space, defense, and aviation-related systems, is expanding its manufacturing operations in Cecil County. The expansion is expected to add 175 new jobs over the next five years. According to a press release: This operating sector of the company, which was known as Orbital ATK before it was purchased by Northrop Grumman Corp. last year, currently operates in Elkton where it employs 400 workers. “Our…

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Opportunity Zones – Big Tool, Big Questions?

Federal tax reforms from late 2017 created an "Opportunity Zone" program - will these incentives be the key to revitalizing underdeveloped areas? The recent creation of federal Opportunity Zones called for selection of targeted census tracts for development incentives. As Maryland and other states have implemented their selection, the process of refining the processes for engaging new employers and activity within their bounds. See the map of currently approved Opportunity Zones. See Conduit Street coverage…

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Shutdown Snarls Rural Broadband Expansion

In today’s world, internet connectivity is no longer a luxury—it is a necessity. Access to affordable internet, broadband, wireless, and cellular services is an essential component of a county’s economic development and the socio-economic advancements of its residents. Residents benefit from increased economic growth, improved labor market access and outcomes, access to better health care, enhanced civic participation, enriched education opportunities, improved quality of life, and overall competitive and vibrant communities. And while there is…

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FCC Small Cell Order Goes into Effect; Challenges Continue

On January 14th the FCC's controversial small cell order  went into effect. The order restricts local governments' authority over the deployment of small cells within the local rights of way in several ways including imposing timelines on permit approvals and caps on fees. An article from BB&K Law provides an update on the status of local government requests for a stay on the order and explains what the order going into effect means for cities and…

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Conduit Street Podcast: Clues to Hogan’s Budget Proposal, Economic Uncertainty Looming, and the Latest from #MDGA19

MACo has made the podcast available through both iTunes and Google Play Music by searching Conduit Street Podcast. You can also listen on our Conduit Street blog with a recap and link to the podcast. You can listen to previous episodes of the Conduit Street Podcast on our website. Useful Links Previous Conduit Street Coverage: Governor Hogan Previews 2020 Budget Proposal Previous Conduit Street Coverage: Federal Government Shutdown: State, Local Governments Feel the Pinch Previous Conduit Street Coverage: Maryland Counties Rally…

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2018 MACo President to Start as AA Economic Development Corporation CEO

Former Anne Arundel County Council Member and 2018 MACo President, Jerry Walker, will step into the role of the Anne Arundel Economic Development Corporation (AAEDC) CEO on February 2. He was appointed by County Executive Steuart Pittman. Pittman was a constituent of Walker during his two terms on the council representing District 7. Beyond his experience on the council, he has displayed dedication and knowledge of economic development in the county. He has worked at…

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