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S E P T E M B E R 1 2, 2 0 1 1
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3rd per capita in Inc 500’s 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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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.
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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.
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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.
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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.
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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.
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