Business

Bechtel Awarded Contract To Expand Electrical Transmission Service

FREDERICK, MD – Frederick-based Bechtel has been selected by ATCO Electric to provide project and construction management services for the Hanna Regional Transmission Development Project in the province of Alberta, Canada. The project will expand and upgrade ATCO’s electrical transmission system in the southeastern part of the province. Bechtel will manage project and construction...
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Frederick Based Akonni Biosystems Appoints New CFO

FREDERICK, Md.–(BUSINESS WIRE)–Frederick based Akonni Biosystems, Inc., announced that it has appointed Jan Smilek as its Chief Financial Officer, effective immediately. Akonni, founded in 2003, is developing and commercializing novel nucleic acid extraction and microarray-based testing systems designed to rapidly and economically analyze biological samples. These systems will be used in clinical laboratory and...
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Frederick Based UR Solar Power, LLC Named Green Company Incubator Company of the Year

COLUMBIA, Md. (June 3, 2011) – The Maryland Department of Business and Economic Development (DBED), the Maryland Technology Development Corporation (TEDCO), RSM McGladrey, Inc., and Saul Ewing LLP announced Thursday evening the winners of the eleventh annual Maryland Incubator Company of the Year Awards (ICOY) during a reception at the Center Club in Baltimore....
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Volvo and Mack Trucks To Build Future Transmissions in Hagerstown, MD

According to Trucking and Freight News, Growing demand has prompted Volvo Trucks North America and Mack Trucks to move assembly of its transmissions to Hagerstown, Md., the two companies said Wednesday. Both transmissions are currently manufactured in Sweden, home of the sister companies’ parent firm, Volvo AB. The two make their North American diesel truck engines...
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Bozzuto Management Acquires Overlook Manor in Frederick

GREENBELT, Md., June 1, 2011 /PRNewswire/ — Bozzuto Management Company, a subsidiary of The Bozzuto Group of companies, today announced the addition of 11 additional properties to its portfolio.  The assets, totaling 3,200 units, are a combination of new openings and property takeovers, and collectively increase the company’s portfolio to 33,000 units.  Bozzuto Management...
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22 Finalists Selected for Incubator Company of the Year; Frederick Companies Included As Finalists

COLUMBIA, Md. – The Maryland Department of Business and Economic Development (DBED), the Maryland Technology Development Corporation (TEDCO), RSM McGladrey, Inc., and Saul Ewing LLP announced today 22 finalists for the eleventh annual Maryland Incubator Company of the Year Awards. The awards recognize the achievements of current and graduate companies within Maryland’s incubators. Winners...
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Music & Arts Launches Campaign That Gives the Gift of Music

FREDERICK, MD — (Marketwire) — 05/12/11 — From April through June 2011, Music & Arts (http://www.musicarts.com/), a division of the Guitar Center and the nation’s largest school musical instrument retailer, is launching a regional community service campaign called Pass the Music On! to inspire kids to be community service leaders of their generation and...
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Only Two Bidders To Lease Harry Grove Stadium

According to ballparkdigest.com, Frederick  City Officials have confirmed that only two bids were submitted to lease Harry Grove Stadium in response to the City’s RFP.  The Keys are said to have an advantage because they are affiliated with Major League Baseball.  According to the story, ”Frederick officials opened the bidding to the public after several...
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174 Year Old Bast of Boonsboro To Close

BOONSBORO, Md. — As reported in Furniture Today, Bast of Boonsboro, believed to be the oldest continually operating furniture store in Maryland, is closing after 174 years, the Washington Post reported this week. The 74-year-old owner, Douglas G. Bast, had considered retiring, and the economy made the decision a little easier, the newspaper quoted...
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Banking Groups Stir Consumer Fears on Debit Card Regulations via Twitter

by Marian Wang Propublica, April 21, 2011 It’s April 21, and another Dodd-Frank deadline has come and gone. Today was the day the Fed’s regulations on debit card transaction fees, also known as interchange fees, were supposed to be finalized. Hasn’t happened. Controversy over the regulations caused the Fed to postpone finalizing the rules....
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