Archive for April, 2009
ANNAPOLIS – Edward J. Schneider is the new chief financial officer and treasurer at Annapolis Bancorp, Inc. and its subsidiary, BankAnnapolis. Schneider is an alumnus of Citigroup, Inc. and MBNA prior to its acquisition by Bank of America.
GLEN BURNIE – Glen Burnie Bancorp announced net income of $455,000 or $0.16 basic earnings per share in the quarter ended March 31, 2009 as compared to net income of $536,000 or $0.18 basic earnings per share for the same period in 2008. The parent company to The Bank of Glen Burnie maintains consolidated assets totaling more than $345 million.
ANNAPOLIS – TeleCommunication Systems will provide the U.S. Marine Corps with critical spare parts to ensure secure point-to-point and point-to-multipoint transmission of voice, data, and video over terrestrial microwave radio links.
HANOVER – Through a $250,000 state loan and a $25,000 workforce training agreement from Anne Arundel County Economic Development Corp., the International Union of Painters and Allied Trades is building a new 60,000 office and 36-unit resident’s hall to facilitate training programs. The union expects to bring as many as 100 new jobs to the county in the next 20 months.
JetBlue Airways will begin four daily flights to BWI airport on Sept. 9, 2009. Prices start at $39 each way for flights purchased before May 4, 2009. Every fare comes with assigned seating, 100 channels of XM Satellite Radio, 36 channels of live DIRECTV programming and as many snacks as you can cram in during the short flight.
CROWNSVILLE – The Maryland Department of Housing and Community Development (DHCD) announced that four multi-family rental projects in the county have emerged from a competitive round for Federal Low-Income Housing Tax Credits. Initially only five projects statewide were to get funding, but in anticipation of federal money DHCD added another 17 projects to which it will award Maryland’s $31.7 million share in federal Tax Credit Assistance Program funds in a competitive process. The four in Anne Arundel are:
Admiral Oaks Apartments of Annapolis, sponsored by CPDC, Inc. (acquisition and rehab)
The Greens at Hammonds Lane, sponsored by Enterprise Housing Corp. (new construction of senior housing)
Hammarlee House, sponsored by Rellim Development/Stavrou Co. (new construction of senior housing)
Park View at Severna Park, sponsored by Shelter Development (new construction of senior housing.)
ANNAPOLIS – Numbers are generally down, but not as bad as other places, according to a quarterly review of economic indicators. In AAEDC’s report of Q4 2008 vs. Q4 2007:
67.6 percent decrease in new commercial building permits issued, but a 23.3 percent increase in value of all commercial permits issued
8.9 percent decrease in home prices that averaged $373,780; national comparison is 12.4 percent
7.5 percent decrease in passenger traffic at BWI (4.8 million total)
.4 percent decrease in office vacancy rate (12.2 percent vs 12.6 percent); national comparison is 14.7 percent
4.5 percent unemployment, up from 3 percent and much lower than 6.9 percent nationwide.
LINTHICUM – The director of Manpower, Personnel & Security at the Defense Information Systems Agency (DISA) expects to keep as many as 70 percent of the agency’s workforce following construction and relocation into seven buildings totaling 1.1 million square feet at Fort Meade. But Jack Penkoske says he will have a better idea after the first “transfer of function” letters are issued in October as part of the BRAC initiative to reorganize the resources of the Defense Dept. Addressing the monthly gathering of the BWI Business Partnership, Penkoske said other concerns that are getting DISA’s attention are transportation and human capital programs (telework, wellness, child care). July 2011 is the date when all relocation activities will be completed.
ANNAPOLIS – Open source software vendor Zenoss has added Sean McDermott to its board of directors, and to its advisor panel it named Albert Krall and Bill Kennedy. McDermott is chairman and CEO of Windward IT Solutions; Kennedy is president of Beacon Professional Services and a former director of engineering for security products for IBM Tivoli; and Krall is a former Accenture executive.
CROFTON – Competitive intelligence consultancy Cipher has appointed Ricardo Da Ros as country manager of its new sales and research office in Sao Paulo, Brazil. Da Ros will develop and support Cipher’s client base for competitive intelligence and its Knowledge.Works software in Latin America.
![[Advertisement Image]](http://www.arundelbusinessnews.com/wp-content/uploads/groove-ads/1271696285.gif)
![[Advertisement Image]](http://www.arundelbusinessnews.com/wp-content/uploads/groove-ads/1270748889.png)
![[Advertisement Image]](http://www.arundelbusinessnews.com/wp-content/uploads/groove-ads/1273236930.gif)
![[Advertisement Image]](http://www.arundelbusinessnews.com/wp-content/uploads/groove-ads/1268857522.jpg)
![[Advertisement Image]](http://www.arundelbusinessnews.com/wp-content/uploads/groove-ads/1270748904.png)