Business News From The City of Frederick, Maryland
February 2022
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Hello
Economic Development is a full-contact partnership sport that requires collaboration and relationship building between businesses, developers, local and state government, academia, and non-profit organizations for success. I am proud of the deep partnerships which The City of Frederick Department of Economic Development has built to help drive job creation, tax base, quality of life, and workforce here in the community. These partners represent industry, academia, businesses, hospitality, as well as geographic areas across the city. This issue of eNews highlights efforts of many ongoing efforts by the City and our partners to develop new public infrastructure, business parks and facilities, advocate for specific regions of the City, and deliver critical programs and projects. I am fortunate to serve on the Maryland Economic Development Association (MEDA) which has the tag-line that “Economic Development Transforms Lives.” We are working with our partners each day to do just that.
Best,
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Richard G. Griffin, AICP, CEcD
Director, Economic Development
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St. John Properties is currently spearheading two major projects that are transforming Frederick’s east side and bringing new jobs & businesses to the region. Here we take a quick look at the project plans and hear from St. John Properties Regional Partner, Matt Holbrook, on the vision behind these significant developments. |
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The long planned Downtown Hotel project which has been delayed due to impacts of the COVID Pandemic on the hospitality industry, is shifting gears and moving forward as a $2.52 million dollar portion of the funding needed for development site acquisition was recently secured by action of the Frederick County Council and Frederick Board of Aldermen. Proposed as a full-service Marriott branded hotel, the project will serve as an economic anchor along the linear park.
Learn more about the structure of the public/private partnership behind this exciting development.
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Earlier this month, our team had the opportunity to tour Matan’s most recent project—Progress Labs at Riverside 1. Designed to meet the rising real estate demand from the life sciences industry, the project will deliver 215,000 SF of biomanufacturing-ready space in summer 2022 and is currently being marketed to prospective tenants. Take an interactive tour of the facility. |
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For years, the land on Frederick’s east side has represented a tremendous development opportunity to create the region’s next jobs center, technology incubator, transportation hub, and desirable neighborhood. Now, many of these carefully planned projects are kicking off. Here we explore three new projects that are helping shape Frederick’s east side and supercharge our local economy. |
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The East Street Redesign is an effort to reexamine the whole of East Street, from North Market Street in the north to Monocacy Boulevard in the south. The City is looking for your feedback on how the corridor could be improved. Take the survey and join in for an information session on February 28. |
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This past Friday, our City team was delighted to present the Frederick Arts Council a $125,000 grant - awarded through the MD DHCD- to assist in the installation of a sprinkler system at the downtown FAC Art Center. The improvements will continue the revitalization of a local historic asset and support increased accessibility to the arts within our community. |
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Congratulations to the first cohort of Frederick’s Biotech Boot Camp as they wrap up classes this month and begin to interview with local companies! A joint effort by local Economic Development partners, the free 4-week training program was designed to teach participants the basic skills needed for entry-level positions in our area’s rapidly growing biotech industry. Learn more about the inaugural bootcamp and its focus. |
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Gov. Hogan has announced the latest round of "Project Restore" recipients. The program offers rental and operational grants to help offset startup costs and incentivize commercial investment in vacant retail and commercial properties. We're excited to see quite a few new City-based business ventures among the line-up of awardees! |
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Frederick restaurant, the Wine Kitchen on the Creek, recently re-opened after upgrades including a refreshed atmosphere and decor, in addition to updated, state-of-the-art kitchen equipment, noise reduction technology and a new bar area among others. The reopening coincides with the restaurant’s 10th year in business, which the restaurant will celebrate throughout February 2022. Follow the story to learn more about their efforts and anniversary.
The Golden Mile Alliance, a non-profit dedicated to the growth and revitalization of the Route 40 corridor west of downtown Frederick - is pleased to announce the hiring of Taryn Sisco in the role of Operations Coordinator. Learn more about the GMA and get to know Taryn!
Morgan Stanley announced today that both Betsy Pakenas, Managing Director, Financial Advisor and Kate Costlow, Senior Vice President, Financial Advisor in the Firm’s Wealth Management office in Frederick, have been named to Forbes Magazine’s list of Women Wealth Advisors Best-In-State for 2022, listed on forbes.com.
Kathy Schultze State Farm received recognition for the 18th consecutive year as one of the top life and financial service providers in the US. Receiving recognition of the Million Dollar Roundtable is only given to the top 1% of financial advisors in the world. Kathy thanks her team for their assistance in helping achieve this award. A special thanks to their customers for the privilege of protecting their assets and families.
Matt McGreevy with Morgan Stanley was recently named to Morgan Stanley’s prestigious Master's Club, a group of the Firm’s successful Financial Advisors.
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!
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Congratulations to the following anniversaries and grand openings:
If you have a business that has opened, relocated, expanded or celebrated
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City of Frederick | Economic Development | 301-600-6360 | www.businessinfrederick.com |
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