Data Knowledge Center presents this interesting outlook on the new Social Security Building planned to be built in Frederick County. The recent outbreak of powerful and deadly tornadoes across the United States raises a question: Should data centers be engineered to survive stronger wind storms? Curiously, the Social Security Administration has moved in the...
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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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Tags: Frederick News, Frederick Newspaper, store closings.
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Rockville, Maryland, April 16th, 2011— Greentree Homes, a custom-home builder serving Maryland and Virginia, is offering new homes and townhomes in Maryland and Virginia. Their dedication to quality, integrity and value has earned them a reputation for excellence, unmatched in their construction field. Greentree Homes is a Maryland and Virginia home builder that is...
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The oil spill that was once expected to bring economic ruin to the Gulf Coast appears to have delivered something entirely different: a gusher of money. By Kim Barker, ProPublica Some people profiteered from the spill by charging BP outrageous rates for cleanup. Others profited from BP claims money, handed out in arbitrary ways....
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ANNAPOLIS, MD Governor Martin O’Malley has announced a $40 million program to assist homeowners in addressing back mortgage payments. The funding comes from the U.S. Department of Housing and Urban Development with the goal of helping homeowners who are facing foreclosure due to job loss or a decrease in wages, including those who lost...
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Tags: financial assistance, Foreclosures, Frederick News, Frederick Newspaper, Martin O'Malley
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by Paul Kiel ProPublica, March 31, 2011, 1:43 p.m. Pamela Jeter of Atlanta, Ga., has been trying to get a mortgage modification for more than two years. She seems like an ideal candidate. She has shown she can stay current with a reduction in her monthly mortgage payments. Everybody would seem to win. Even...
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Tags: Foreclosures, Frederick News, Frederick Newspaper
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BALTIMORE, MD (March 25, 2011) – Maryland created 8,100 jobs last month and recorded a 0.3 percent rate of growth, triple the national average, according to preliminary data released today by the U.S. Department of Labor. Across the nation, 192,000 jobs were created – a 0.1 percent rate of growth. Maryland’s unemployment rate improved...
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Tags: Economy, Frederick News, Frederick Newspaper, Unemployment
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BALTIMORE, MD (March 10, 2011)– Governor Martin O’Malley announced that Maryland’s trade exports – a barometer of the State’s economic health, according to the Governor’s office, – climbed 10 percent in 2010 to $10.1 billion. The State saw a significant increase in exports to the Korean Republic, which jumped 133 percent to $480 million, and...
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NEW YORK–(BUSINESS WIRE)–As part of its continuous surveillance process, Fitch Ratings has affirmed the following general obligation (GO) bonds issued by the city of Frederick, Maryland (the city) at ‘AA+’: –$95.3 million public improvements bonds, tax-exempt series 2009A; –$11.2 million public improvements bonds, taxable series 2009B; –$13.7 million public improvements notes, taxable series 2009....
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The Milken Institute says in its recently published study that Maryland is again in the top five states for developing technology jobs. In evaluating the states, the institute looked at five categories: Research and Development Inputs (R&D that can be commercialized for future technology growth), Risk Capital and Entrepreneurial Infrastructure (venture capital relative to...
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