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Business Pulse - Monitoring Maryland's Business Beat

3rd per capita in Inc 500ís fastest growing firms list.
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Earth Treks invests $15M in Rockville expansion.
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Intelligent Solutions hiring 50 by end of year.
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Governor O'Malley addresses the Exports Forum.

Forum Helps Small Businesses Increase Exports

Gov. O’Malley joined Ex-Im Bank President Fred P. Hochberg and federal business and trade agency representatives at a packed forum today at the World Trade Center in Baltimore to help Maryland small and mid-sized businesses increase export sales. Hosted by DBED, the Ex-Im Bank and the World Trade Center Institute, the forum featured a panel discussion with small businesses that have successfully boosted their overseas exports and one-on-one counseling sessions with representatives from federal commerce agencies.


9/11 Memorial Dedication
New 9/11 Memorial of Maryland Unveiled
After several months of construction, the 9/11 Memorial of Maryland was dedicated on the plaza of Baltimore's World Trade Center yesterday, the tenth anniversary of the terrorist attacks. Gov. O’Malley, Mayor Rawlings-Blake, Senator Mikulski and Maryland 9/11 Memorial Advisory Committee Chair Randall Griffin joined family members of the 63 Marylanders who lost their lives. Designed by local architecture firm Ziger/Snead, the memorial features a 22-foot-long steel artifact centerpiece from New York’s World Trade Center and granite from the Pentagon. Learn more.

Burley Oak Brewery
Western MD, Eastern Shore Welcome New Firms
A California manufacturer and two breweries will soon be adding to Maryland’s workforce. Evolve Composites in Washington County leased the former Fleetwood Travel Trailer plant in Hancock to begin producing precast concrete products in early 2012 and plans to eventually create 60 or more jobs. On the Eastern Shore, Burley Oak Brewery (left) in Worcester County renovated a 6,000-SF building in Berlin into the town’s first brewery. Brothers Tom and John Knorr also found a new home in Salisbury for their rapidly growing Evolution Craft Brewing Company, which was founded in Delaware.

Earth Treks in Rockville
Earth Treks Reaching for New Heights
Columbia-based climbing company Earth Treks, which has nearly 3,500 members in facilities in Rockville, Timonium and Columbia, will be expanding its Rockville climbing walls from 19,000 SF to 34,000 SF, placing it in the top five largest indoor climbing facilities in the country. The $15 million project is expected to add 15 to 25 employees. Rock climbing in Maryland is gaining in popularity; the state is blessed with natural places to climb like Carderock in the C&O Canal National Historic Park and Rocks State Park in Jarrettsville.

Harford County Greenspring Energy customer
Inc. Names Greenspring 15th Fastest Growing Co.
This year’s Inc. magazine’s list of the 500 fastest growing U.S. private companies includes 18 Maryland businesses. Timonium’s Greenspring Energy ranked highest among Maryland firms at No. 15 with revenue of $10.5 million and growing more than 8,000% in the last three years. Baltimore’s Millennial Media (No. 74) and Easton-based WhiteOak Group (no. 88) both made the top 100. For the ninth consecutive year, the DC metro (which includes parts of Maryland) ranks first among metros with 49 companies. Among states, Maryland ranks third per capita with 3.1 companies per million residents.

Members of the new Maryland Venture Fund Authority
Maryland Venture Fund Authority Members Named
Gov. O’Malley swore in the new Maryland Venture Fund Authority that will oversee the implementation of InvestMaryland, the largest venture capital investment initiative in Maryland’s history. MedImmune President Peter Greenleaf was named Chairman of the Authority, which includes nine members composed of venture capital investors, small business owners, business executives and educators. On July 1, 2011, InvestMaryland legislation took effect to help fuel $70 million in venture capital investments in Maryland’s startup companies for fiscal years 2012 through 2014. Learn more.

ISIS logo
Defense Contractor Seeks to Double Workforce
Intelligent Solutions for Information Systems (ISIS), a defense contractor headquartered in Howard County, is seeking to double its workforce by hiring 50 military veterans to meet the demands of its prime contractors. Fifty percent of the ISIS workforce consists of veterans with many of them serving as reservists. The company seeks individuals with strong backgrounds in program/project management, systems administration and network engineering. Non-veterans are also being considered. Learn more.

Featured Event

ExecConnect Kickoff
September 16 | GEICO, Chevy Chase

ExecConnect is an executive level open discussion about industry and economic issues, ideas, opinions, strategies tactics, and future trends. Listen to top executives from Maryland’s fastest growing companies, network and learn about the state’s unique business landscape. Space is limited; to attend, contact Michelle D. Jackson.

Secondary event
September 20-22 | Walter E. Washington Convention Center
RETECH 2011 will again build on its tradition of assembling an unparalleled program of leaders representing the renewable energy technology industry, the power generation industry, the financial sector, and local, state, federal and foreign government agencies. Learn more.
Secondary event
TechCouncil of MD CyberMaryland Forum
September 28 | Hanover, MD

The Forum is open to anyone with an interest in the cyber security industry. The content will cover the latest developments in the state’s initiative to be the “Epicenter for Information Security and Innovation” and other hot topics in the cyber security industry. Learn more.
Tip of the month

Bonus Bulletins
+ Read and subscribe to our MDbiz Media blog
+ O'Malley honors Cambridge International
+ McCormick completes $286M purchase of Polish spice maker Kamis
+ Maryland dedicates 9/11 memorial at Baltimore's World Trade Center
+ Inc. 500 lists 17 Maryland companies among fastest-growing
+ MD Officials offer ideas to close jobs gap
+ MEDA Offers Continuing Education Courses
+ Survey: Md. businesses support veterans
+ Post-9/11 buildup added billions to Maryland's economy
+ New Choice Hotels International headquarters in Rockville, MD breaks ground

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