Business News From The City of Frederick, Maryland
February 2021
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Cultivating and showcasing an inclusive community culture is an essential economic development strategy for attracting, retaining, and growing businesses.  Why? Because the number of executives who cite inclusion as a top business priority has increased to nearly 70 percent according to Deloitte – an industry leading business audit, tax and advisory service. Deloitte goes on to state that “inclusive culture is an essential component in talent strategies which can result in increased creativity, productivity, and innovation”. This means businesses want and need a talented diverse workforce and will make location decisions based in part on such workforce availability. 
 
Frederick is a leader in diversity and inclusion among its peer cities. During the past decade (2010-2020), Frederick’s racial and ethnic composition changed considerably.  Black, Asian, and Hispanic workers now represent approximately 43% of the City population up from 36% a decade ago, and is projected to grow to 47% by 2025 (ESRI Dec 2020). February is Black History Month and Frederick recognizes the landmark achievements of the African-American community in business, arts, entrepreneurship, and government. In this issue of Business ENEWS, you can read about Rollins Funeral Home, a prominent African-American business which is investing in a new life celebration center.  Frederick’s rich African American heritage is being preserved and told by Frederick AARCH which was formed in part due to the vision of the late William O Lee, Jr., a former City Aldermen and educator who was a friend and mentor to many. Organizations across the City including schools, businesses, and government are supporting this important annual celebration. Lets do our part to make Frederick the most inclusive small city in America and create jobs. 
 
Hang in there.
 
Be Safe. Wear Your Mask. Get Vaccinated.
Richard G. Griffin, AICP, CEcD
Director, Economic Development
This winter Gary L Rollins Funeral Home formally kicked-off construction of the new Rollins Life Celebration Center at 330 Catoctin Avenue. Here we catch up with owner Gary Rollins to ask him about his use of the State’s Neighborhood BusinessWorks program to help move the venture forward.
Watch this fascinating video showcasing Frederick Indoor Sport Center’s use of the C-PACE loan program to finance over 1,300 solar panels -- offsetting the property’s electricity consumption by 100%.
The State of Maryland has a variety of flexible programs designed for new & expanding businesses looking for alternatives or compliments to traditional bank financing. Learn more about the Video Lottery Terminal Fund and Maryland Small Business Development Financing Authority programs here.
Did you make exterior improvements to a structure in Frederick's Historic District last year?
Grab your receipts, you may be able to take advantage of the City's Historic Preservation Tax Credit! Applications are due by April 1, 2021
Since the Federal government’s launch of the Opportunity Zone initiative, the State of Maryland has worked to make these designated areas even more attractive by adding its own enhancements. Check out how Frederick businesses & real estate professionals can take full advantage of both these incentives here..
Winter Weather City Operations
We’ve had quite a bit of snow already this year! How does the City prepare for winter weather? What should you know as a business? This video covers it all. 
CTR Laboratory has launched confirmatory testing for COVID-19 (SARS CoV-2) via state-of-the-art rt-PCR testing. Read about this expansion and CTR’s new capabilities on Progress Drive.

The Rotary Club of Frederick recently awarded $60k worth of grants to local nonprofits. Learn more about the Rotary and their amazing efforts.

Advanced BioFuels USA proposal for a “Disappearing” Carbon Tax, is part of a launch of The CLEEN Project’s co-operative database, a searchable collection of actionable ideas to combat climate change, Build Back Better, and advance climate justice. Find out more about the proposal.

Local Frederick tech company DMS, a BRMi company, celebrates celebrates 40 years in business in 2021! Congratulations!

Frederick was recently named a "Top 10 Remote Ready Cities" by Livibility.com, coming in at Number 6.

Congratulations to Frederick-based Dragon Distillery, LLC and McClintock Distilling, both of which made the shortlist of the "Best Distilleries in the U.S." according to Yelp!

Does your business have news to share? Send us a press release and we'll help share that great news locally and regionally. Find out how!
Congratulations to the following anniversaries and grand openings:


If you have a business that has opened, relocated, expanded or celebrated
a milestone anniversary in the last 3 months, please tell us!
February 22-25, 2021
STAY CONNECTED
City of Frederick | Economic Development | 301-600-6360 | www.businessinfrederick.com