Archived Articles: June 2016

HCC Unveils New 3D Innovation Hub

A new 3D Innovation Hub at Howard Community College (HCC) has been established, with the aim of providing a collaborative link between education and business. Located in one of the college’s central academic buildings, what’s known as the Hub provides students with opportunities to build objects with real-life applications, as well as offering faculty the opportunity to develop specialized models that enhance classroom instruction.Read Full Article »

Biz Roundup

State Creates BRAC Advisory Group

The Maryland Military Installation Council (MMIC) has formed a BRAC Advisory Group that will focus on threats and opportunities associated with uncertainties in the defense budget, as well as the probability of future Base Realignment and Closure (BRAC) actions.Read Full Article »

May I Be Franc?

When people say they drink Cabs, the assumption is that they drink wines made from Cabernet Sauvignon. Almost without exception, that assumption is true; in the minds of many, Cabernet Sauvignon is king and the wines made from this grape are some of the most sought after, and pricey, bottles in the world.Read Full Article »

Is Fiscal Year-End Spending Old School?

Decades of federal government contract spending have proven a direct causation to the Sept. 30 fiscal year-end dramatic increase in awarded contracts. Even with a reduced budget and sequestration, the “use it or lose it” mentality is a driving force in government purchasing at that time — whether it’s a $100 credit card purchase or a $10 billion contract.Read Full Article »

In Brief

HopeWorks Sponsors Dragonfly Poetry Reading

“Dragonfly The Poetry Reading,” co-sponsored by HopeWorks and the Howard County Chapter of the Maryland Writer’s Association (MWA), will celebrate the publishing of the 2016 Dragonfly Arts Magazine and will feature local poets’ work, offering reflections on life, love, trauma, renewal and hope.Read Full Article »

Gallery News

Four Artists Present ‘Elegant Woodturnings’ at HorseSpirit Arts Gallery

Maryland woodturning artists Chuck Aaron, Allen Alexopulos, Max Crownover and Jim Oliver have an affinity for turning locally found wood, recovered from downed trees that would otherwise be landfilled or used as firewood, into beautiful artifacts.Read Full Article »

In Accounting Mergers, The Big Three and Culture Rule

When Cardoni Waddell LLC merged with Dembo Jones P.C., and MohnAllen P.C. merged with UHY Advisors Inc. this January, they were part of a nationwide trend sweeping the accounting profession. According to the 2012 PCPS Succession Survey, published by the American Institute of Certified Public Accountants, more than half of the firms (44%) surveyed were actively discussing mergers. The Journal of Accountancy called it “a dominant trend among U.S. accounting firms.”Read Full Article »

In Trusts We Trust: Helping Beneficiaries Manage Inheritances

One of the top questions estate planners hear these days is, “How can I protect against my beneficiaries mismanaging their inheritance?” People often agonize over this, and with good reason. It’s all too common for people to blow through inheritances, whether intentionally or simply because they don’t know how to manage their newly inherited wealth. So what, if anything, can be done?Read Full Article »

Health Insurers Propose Premium Rates for 2017, Public Invited to Comment

Health insurance carriers are seeking a range of changes to the premium rates they will charge consumers for plans sold in Maryland’s individual and small group markets in 2017. The Maryland Insurance Administration has posted rate filing documents at www.healthrates.mdinsurance.state.md.us. On that website, consumers can review filings and submit comments, as well as find answers to frequently asked questions about the rate review process.Read Full Article »

Stock Market Turbulence & Five Steps to Weather the Storm

The increased stock market volatility experienced to date in 2016 has been driven by a global economic slowdown, leading to increased fears of a recession in the United States. The first quarter of 2016 marked only the second stock market correction the nation has experienced since 2011. A correction is defined as a decline of 10% or more. It is important to keep in mind that corrections are normal, healthy and historically have occurred on average about twice a year.Read Full Article »

In Brief

Monument Bank Merges With Revere

Revere Bank, headquartered in Columbia, and Monument Bank, headquartered in Rockville, announced early this month that they have entered into a definitive agreement in which Monument would be merged into Revere, with Revere being the surviving entity.Read Full Article »

For the Love of Data

The Better Business Bureau (BBB), serving Greater Maryland, is working to improve not only the quality of our data, but how we use that data to improve operations and results. Wielding data strategically can empower a business, but data is everywhere; so, without a filter, analysis and action, mining for data can be counterproductive.Read Full Article »

From The Desk Of CA President Milton Matthews

At the time Jim Rouse’s company started purchasing land that would ultimately form his new planned community of Columbia, this region was already beginning to change from a rural area into a more suburban locale. But Rouse wasn’t merely building a suburb. He planned to build a complete city that respected the land, provided for the growth of people and would make a profit.Read Full Article »

Business Briefs

EDF Renewable Energy Acquires groSolar

EDF Renewable Energy (EDF RE) has announced the acquisition of Global Resource Options, a Columbia-based, privately-owned company doing business as groSolar, which provides development and turnkey engineering, procurement and construction of solar photovoltaic projects for developers, financiers, utilities, corporate, government and other institutional clients.Read Full Article »

People In Business

Cordo Named New Howard County Tourism Director

Anthony Cordo is the new executive director of Howard County Tourism & Promotion (HCTP). He comes to HCTP after serving as the director of Explore Victoria, a convention and visitor’s bureau in Victoria, Texas.Read Full Article »

Letter To The Editor

About Merriweather: Now Hear This

I was really impressed with your discussion about Merriweather (“Now Appearing at Merriweather: The Rotating Stage,”) in the May issue of The Business Monthly. If I were someone outside of Howard County, I would think Columbia has a gift.Read Full Article »

Who Are These Folks? What Do They Have in Common?

First, do you know who this dashing, yet serious, gentleman to the right is?

Yes, you’ve recognized him — that’s then-Maj. Dwight Eisenhower. Where was he when this photo was taken? At Fort George G. Meade, then called Camp Meade, where he was posted and living at the time. Having graduated West Point in 1915, he first arrived at Camp Meade in November 1918 to organize the 1st Battalion, Heavy Tank Service, of the 65th Engineer Regiment.Read Full Article »

The Partnership: A Constant in an Ever-Changing Region

Today, as it has for many years, the BWI Business Partnership brings together many of the region’s leaders, from businesses, government and health care, to educational and cultural institutions and nonprofits. Chaired by Stephen Carroll of Miles & Stockbridge, its diverse board of directors includes leaders from the University of Maryland System, charter members like Northrop Grumman Corp., county and state government, leading property management companies and the community’s banks.Read Full Article »

BWI Marshall: Proof in the Numbers

With its airline partners offering more than 600 daily flights from BWI Thurgood Marshall Airport to 80 domestic and international destinations, the facility’s impact on the regional economy continues to grow. The airport and travelers who take advantage of its offerings from across the globe create the synergies that support nearly 98,000 jobs and annually generate $6.9 billion in total business revenue.Read Full Article »

International Gateway Continues to Grow at BWI Marshall

BWI Thurgood Marshall Airport set a new all-time passenger record in 2015 by serving more than 23.8 million passengers, with the rising tide of international traffic driving the growth. International traffic grew by more than 31% last year, as more than 1.1 million passengers flew through BWI Marshall; it marked the first year in the airport’s history that it accommodated more than 1 million international travelers.Read Full Article »

In Brief

Host Partners to Host Foley Farewell Luncheon

Join the Fort Meade Community Covenant Council and the Greater Fort Meade Community as it honors Col. Brian P. Foley, Fort Meade Garrison Commander, for his leadership and commitment to the Fort Meade Region. The event will take place on Thursday, June 23, at the BWI Airport Marriott, located at 1743 West Nursery Road, Linthicum.Read Full Article »

NSA21: Facing Challenges With Innovation, Integration

The National Security Agency (NSA) has launched a comprehensive campaign to ensure NSA maintains its position as the world’s preeminent foreign signals intelligence and information assurance organization. The vision and framework for this initiative, known as NSA21 – meaning NSA in the 21st Century – was unveiled to the agency earlier this year by NSA Director Adm. Michael Rogers, in an address to the agency’s workforce.Read Full Article »