MD Cheese Manufacturer Receives Two Conditional Loans
A $225,000 state loan is under the Maryland Economic Development Assistance Authority, while the county is providing a $180,000 matching loan, said Kassie Lewis, the county's business development director. The manufacturer would repay the loan in full if employment falls below 72 workers from Dec. 31 through the term of the loan.
Construction Begins on Long Awaited Purple Line
The latest investment in the 16.2-mile, $5.6 billion project is a $900 million infusion of federal dollars, including the $325 million already appropriated for the project — funding the Trump administration had proposed cutting but saved partly because the public-private partnership building the Purple Line could serve as a model for other U.S. transit systems.
MD $150K Conditional Loan to Assist with Biotech Company Move
Altimmune, Inc, a clinical-stage immunotherapeutics biotechnology company, announced that it will relocate new employees acquired as a result of its merger with Pharmathene, and existing employees, to a new 14,000 square-foot location in Gaithersburg. To assist with project costs, the Maryland Department of Commerce approved a $150,000 conditional loan through the Maryland Economic Development Assistance Authority and Fund (MEDAAF).
MD Looks to Boost Business Incentives
The Hogan administration is asking the General Assembly for more power to attract companies to Maryland — and to keep those that are here from leaving. The push follows the revival of the state's largely dormant "Sunny Day" program to negotiate record-breaking packages for Northrop Grumman and Marriott. It comes as the administration steers more funding to its reorganized economic development arm, the rebranded Commerce Department.
Two Clean Water Projects in MD Funded By RLF
The Maryland Board of Public Works approved more than $6.9 million in loans and grants for water infrastructure projects to reduce pollution, improve drinking water quality and save energy and money state-wide.
MD Receives Top Bond Rating Once Again
Maryland State Treasurer Nancy K. Kopp recently announced that all three major national bond rating agencies have re-affirmed the state's strong AAA bond rating, all with stable outlooks. Maryland is one of 11 states to hold the coveted AAA rating, the highest possible rating, from all three major bond rating agencies.
Legal Problems a Potential for State Renewable Energy Incentives
The latest developments in federal courts indicate that state subsidies for renewable energy, including renewable-energy portfolio standards and mandated procurement programs, are safe from challenges, at least for now.