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Business News From The City of Frederick, Maryland April 2016
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Hello
This time of year, we are reminded that spring brings new beginnings. New blooms. A new Frederick Keys season. Also, critical projects for the City are taking root and growing.
Frederick is celebrating the completion of Phase II of Carroll Creek Park next month. This project brings critical park improvements to numerous development sites which will use the park as a front door. The completion marks decades of public-private investment and vision. More than $100 million in new and renovated private construction are planned along the park, which will result in hundreds of new jobs and increased state and local tax revenues. One of the most anticipated projects along the creek, the Downtown Hotel and Conference Center, also reached a milestone this month. It secured a funding commitment in the Maryland capital budget. This will secure the public-private partnership necessary to bring this project to fruition. The project will create 280 jobs, bring $26 million each year in economic impact to Frederick and generate $1.5 million annually in state taxes. We look forward to this and other new development along the creek in the months and years ahead.
Redevelopment projects along the Golden Mile, including the groundbreaking for the new Frederick Towne Center, signals optimism. Construction is beginning for the shared use path connection to give cyclists and pedestrians a passage under U.S. 15. This critical path will unite the east and west ends of the City and provide a link between Downtown Frederick and The Golden Mile.
We are working to cultivate these new projects to strengthen Frederick’s future.
Best,
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Richard G. Griffin, AICP, CEcD
Director, Economic Development
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Carroll Creek Park Improvements Near Completion
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The final phase of Carroll Creek Park is nearing completion and a Grand Opening is planned for May 19, 2016 at 4 p.m.
After 30 years and 6 administrations, the public construction is concluding. Carroll Creek Park was developed as a flood control project, and it also created a 1.3 mile pedestrian and bike pathway through The City of Frederick. Along the banks, m
ore than $100M in new and renovated private construction is planned.
Visit the DED blog to see the most recent construction photos and learn more about the Grand Opening event.
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Frederick Towne Center Groundbreaking Signals Strong Retail Opportunities on The Golden Mile
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A resurgence along the Golden Mile is one step closer following the groundbreaking ceremony for the Frederick Towne Center & Walmart Supercenter. Over 50 people attended the ceremony on Saturday, April 16, 2016. The Golden Mile accounts for nearly half of the retail space within the city.
Learn more about the groundbreaking and retail opportunities on the Golden Mile.
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Final Weeks to Nominate Your Frederick County Company!
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You KNOW your company is a great place to work, so
share it
with the rest of Frederick County. Tell us about your benefits, share the great ways you reward your employees, and brag about your philanthropic efforts and great gym discounts. No detail is too small.
Nominate your business today! Deadline for nominations is April 30th.
Winners will be honored on July 28th during a reception at the Delaplaine at 40 South Carroll Street.
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Nominations Open for Entrepreneur Awards
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Entrepreneurs are responsible for innovative products, ideas, and services. They shape our technology, experiences, and interactions. The Entrepreneur Council of Frederick County is accepting nominations for its Entrepreneur Awards for 2016 through April 29, 2016.
The Entrepreneur Awards celebrate businesses in Frederick County who excel in conquering new ground.
Categories include:
- Small Business, Large Business
- Social Entrepreneurship
- Youth Entrepreneur Award
Companies will be honored at the annual Entrepreneur Council Awards Dinner on June 8, 2016.
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New Round of Funding Available for Facade Improvements
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The Department of Housing and Community Development recently awarded $100,000 to The City of Frederick to continue and expand a city-wide façade improvement grant program and to pilot a building reuse program in Downtown Frederick.
As in previous year's, businesses in Downtown Frederick can apply for matching grant funding to improve the facades of their store fronts. Businesses located along the Golden Mile and East Side of Frederick are now eligible for the same matching funding.
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Inspiring Offices: Integrity Consulting's Modern Office Offers Downtown Convenience
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Enjoy a behind-the-scenes peek inside an inspiring office in Frederick -
Integrity Consulting
. Integrity's office is located in Downtown Frederick.
The rehabilitated building retains its original industrial feel while providing a collaborative and efficient work environment.
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BioFactura Expands with 25 Jobs
BioFactura, Inc., a biopharmaceutical development company with a new headquarters facility in the Riverside Research Park in Frederick, plans to create 25 new jobs over the next four years. Read more about the great news here.
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iHire Partners with HR Answerbox
iHire, an award-winning job board and employment solutions company located in Frederick, has partnered with HR Answerbox to expand its service offerings to employers. HR Answserbox is also located in the Frederick area. You can read more on both businesses and their collaboration here.
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Jean Peterson Design Wins for Heart of the Civil War Website
Emily Dorr, Vice President and Creative Director at Jean Peterson Design, accepted a Maryland Preservation Award from the Maryland Historical Trust. The Heart of the Civil War Heritage Area won in the Excellence in Media and Publications category for their new website, designed by Jean Peterson Design.
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Available Commercial Space
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Specialty/Office Space - 27 Franklin Street.. Located on the East Side of Frederick - Stone church offers 3,280 SF of space on two levels. Renovations are currently underway including a new HVAC system, flooring, and exterior paint.
Learn more here or contact Turning Point Real Estate at 240-436-6030.
Visit the
DED website to view other available commercial space!
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City of Frederick | Economic Development | 301-600-6360 | www.businessinfrederick.com
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