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Gov. Talks New Economy in State of the State

Gov. O’Malley outlined his plans to spur innovation and create jobs at his Feb. 3 State of the State address. The Governor highlighted job creation in four areas: education through his proposed Complete College Initiative, innovation to fuel venture capital through InvestMaryland, rebuilding infrastructure through Transit-Oriented Development, and creating green jobs through the Maryland Offshore Wind Energy Act. His speech also highlighted how Maryland is in better shape than others with its Triple A bond rating, top ranked public schools and 26,000 jobs created last year.


Bambeco CEO Susan Alpin
Green Retailer Moves HQ to Baltimore
Bambeco CEO Susan Alpin (pictured) and Maryland Venture Fund Principle Frank Dickson were featured in a Bmore Media video about VC funding. Bambeco, an eco-friendly home goods retailer, chose Baltimore as its headquarters in part due to MVF’s investment. The startup joins a growing number of Maryland green firms and expects to have about 50 employees by 2012. On Feb. 16, hundreds of business leaders, entrepreneurs and venture capitalists will convene in Annapolis to support InvestMaryland – Gov. O’Malley’s signature economic development initiative. Video | InvestMaryland.

Thompson Creek window installer
Thompson Creek Expects to Grow by 25%
Despite challenging times, Thompson Creek Window Company continues to hire new employees and see the economy through rose-colored glasses. The company doubled its workforce from 2008 to 2010, reaching nearly 300 by the end of 2010 and expects to grow to more than 400 in 2011. Thompson Creek has a manufacturing plant and distribution center in Landover, and corporate headquarters and administrative offices in Lanham. Last month, President Obama made public remarks about the nation’s monthly economic report at its Landover facility.

 HR Anew CEO Deborah Stallings
Maryland 2nd in Nation in Black-Owned Firms
Maryland had the second largest percentage of black-owned businesses, according to a 2007 survey released last week by the U.S. Census Bureau. Of the large counties in the nation with the highest percentage of black owned firms, Prince George’s County ranked first and Baltimore City third. Deborah Stallings (pictured), HR Anew CEO and member of the newly formed Governor’s Commission on Small Business, is just one of the more than 102,000 successful African-American CEOs that call Maryland home.

Technology Security Associates CEO Tom Jarboe
UMBC launches Cyber Incubator Program
bwtech@UMBC's newest program, Advantage Incubator@bwtech, gives business and technical support to early-stage companies providing cybersecurity-related products and services. The Advantage Incubator recently partnered with Northrop Grumman to establish the Cync program, designed for companies developing cybersecurity technologies that can be used by our nation's military and defense organizations. Just 10 miles from the U.S. Cyber Command at Ft. Meade, UMBC was designated a Center of Academic Excellence. Photo: TSA, Inc. COO Tom Jarboe. READ MORE.

Subscribe to our New Bio Pulse e-Pub!
Bio Pulse is a new quarterly free e-newsletter produced by DBED’s Maryland Biotechnology Center geared towards the state’s life sciences community. The e-pub features news on the latest bio breakthroughs, events, funding and deals, scientist/company profiles, and more. Highlights of the inaugural Feb. 22 issue include an interview with Zyngenia’s Joseph Amprey, a closer look at expanding WellDoc, and the latest on the Bio 2011 Conference. Click here to subscribe.

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WTCI Honors Marylandís Global Leadership
Join co-hosts the World Trade Center Institute and DBED at the 15th Annual Maryland International Business Leadership Awards March 10, 5 - 8:30 pm at the American Visionary Arts Museum. The prestigious international awards ceremony honors companies that are growing their businesses and helping to increase Maryland’s global footprint. Gov. O’Malley will present the Governor’s Award to Phillips Foods’ President and CEO, Steve Phillips. Click here for a full list of winners and to register. MORE EVENTS.

Business Pulse is published by the Maryland Department of Business and Economic Development. For a complete archive, visit our Publications page.