HCPSS Superintendent Michael Martirano, joined by Board of Education Chair Chao Wu, County Executive Calvin Ball, County Council Chair Liz Walsh, and system and county leaders, announced the school system’s health fund deficit will be eliminated this year (fiscal year 2022) – two years ahead of schedule. The deficit, which began in 2015 and was […]
Finance
Posted inGovernment
Cardin, Van Hollen aim to improve VA loans
U.S. Senators Ben Cardin and Chris Van Hollen (both D-Md.) joined Senator Maggie Hassan (D-N.H.) in calling on the Department of Veterans Affairs (VA) to help more veterans and military families purchase homes by providing additional flexibilities for the VA Home Loan Guaranty Program. They are joined by Senators Jeanne Shaheen (D-N.H.), Mike Rounds (R-S.D.), Mazie […]
Posted inFinance
Putting money into values: DEI investing shapes portfolio management
Diversity, equity and inclusion – or DEI – investing is a growing movement at investment management firms, foundations and among individual investors who shape investment portfolios to reflect their values. Amy Seto, a senior advisor who serves as a resource for endowments and foundations at Brown Advisory, has been giving primers on DEI investing to […]
Posted inGovernment
Laurel Mayor, Council approve fiscal ’22 budget/capital improvement program
City of Laurel Mayor Craig Moe has announced that the balanced fiscal 2022 Operating Budget and fiscal 2022–2027 Capital Improvement Program was approved a month early on April 26 by a unanimous vote from the Moe and the City Council. The $36.75 million Operating Budget, was adopted without any tax rate increase, maintains city services, […]
Posted inHoward County
Howard County residents among Maryland’s highest earners
According to a recent study by SmartAsset, residents in Howard County are among the highest earners in Maryland. The analysis was completed as part of the company’s study on the places with the most purchasing power. For a closer look at the places in Maryland with the highest median incomes, see the table below. The full […]
Posted inBanking & Finance
Helen Delich Bentley Port of Baltimore records strong recovery
Led by increases in car and light truck volumes, the Helen Delich Bentley Port of Baltimore’s state-owned, public marine terminals continued to show strong recovery in March compared to figures from 2020 in the early months of the COVID-19 pandemic. Autos, roll on/roll off farm and construction equipment, and containers each had significant gains last […]
Posted inAnne Arundel County
Johns Hopkins Applied Physics Laboratory, Organization for Applied Scientific Research to collaborate on research, tech development
The Johns Hopkins Applied Physics Laboratory (APL), of Laurel, and the Netherlands Organisation for Applied Scientific Research (TNO), headquartered in The Hague, Netherlands, have signed a memorandum of understanding, officially establishing a transatlantic collaboration between the two organizations that has been developing for nearly a decade. APL and TNO focus on applied research, giving them […]
Posted inBusiness News
BGE awards $20K grants to 88 small businesses
BGE awarded 88 small businesses located within BGE’s service area $20,000 grants through its Energizing Small Business Grants program. This program is part of BGE’s $15 million pledge to assist small businesses with COVID-19 relief and recovery and is a multi-year commitment expected to run through at least 2023. “Small businesses are a vital part of Maryland’s […]
Posted inGovernment
Cardin, Portman introduce bipartisan legislation to encourage retirement savings
U.S. Senators Ben Cardin (D-Md.), Chair of the Senate Small Business Committee and a senior member of the Senate Finance Committee, and Rob Portman (R-Ohio), also a member of the Senate Finance Committee, today introduced the Promotion and Expansion of Private Employee Ownership Act — bipartisan legislation to encourage retirement savings by fostering the growth of S corporations […]
Posted inFinance, Government, Howard County
Howard County Executive Calvin Ball presents capital budget for Fiscal 2022
Howard County Executive Calvin Ball presented to the County Council a $304.6 million Capital Improvement Program (CIP) for fiscal 2022, including $72.5 million from General Obligation (GO) bonds. The CIP budget book can be viewed at www.howardcountymd.gov/LinkClick.aspx?fileticket=fi6iUBrxq_A%3d&portalid=0×tamp=1617303328218. The county has experienced a slowdown in the rate of revenue growth and a steady increase in its debt burden in […]