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MEDA’s 2017 Annual Conference

What’s Working in Economic Development? Traditional Economic Development dictates responsibilities for bringing together all the right components of business and government for successful implementation of projects that result in jobs and investment for Maryland. But outside the standard retention, expansion, and attraction methods are significant factors that come into play and contribute to successful results. The conference will focus on a few of these innovative evolutionary ideas that impact What’s Working in Economic Development.  To sponsor or learn more please visit www.medamd.com.

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Dorchester County’s Tax Burden 7th lowest in the State

Dorchester County’s tax burden is ranked 7th lowest in the state of Maryland. SmartAsset.com has released its third annual study on the Places with the Lowest Tax Burdens. The study calculates the amount of money a person would pay in income, sales, property and fuel taxes in each county in Maryland. To find out more visit https://smartasset.com/taxes/maryland-tax-calculator?year=2017#map.

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HUBZone Workshop

The Dorchester County Economic Development office will hold a HUBZone workshop on February 23, 2017 from 11-1 P.M. The workshop will focus on leveraging certification for companies that are already certified and will highlight how to obtain certification. To learn more about the workshop please email Susan Banks at sbanks@choosedorchester.org.

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Community Investment Tax Credits

The MEDA Foundation, Inc. is pleased to announce that the Foundation has received an award of $15,000 in Community Investment Tax Credits from the Maryland Department of Housing and Community Development.  As the result of an annual competitive process, the Community Investment Tax Credit program awards 501(c)(3) nonprofit organizations allocations of Maryland tax credits to nonprofits for use as incentives to attract contributions from businesses and individuals to benefit local projects and services.  The Foundation will be utilizing donor contributions to support its on-going programs and enhance its ability to provide technical assistance and professional development. How it Works: Businesses and individuals that donate $500 or more to The MEDA Foundation can earn Maryland tax credits equal to 50% of the contribution.  These tax credits are in addition to allowable deductions on both Federal and Maryland tax returns as a result of the charitable contribution. Donors must use the tax credits against Maryland taxes owed for the year in which the contribution is made. Tax credits may not be used retroactively for taxes from a prior year. Individuals and businesses contemplating a donation to the Foundation are encouraged to consult with their accountants or tax professionals for information about their specific tax …

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Rural Economic Development Session

The MEDA Foundation, Inc. presents the Mid & Upper Shore Rural Economic Development Session in partnership with Cecil, Kent, Queen Anne’s, Caroline, Talbot and Dorchester Counties. Elected and appointed officials and government staff are invited to join us for this one-day session that will include presentations by public and private sector economic development leaders. The dialogue will provide an opportunity to explore compelling topics centered on the importance of investing in economic development in your counties and communities. Speaker highlights will include Mike Gill, Secretary of Maryland Department of Commerce and Ken Holt, Secretary of Maryland Department of Housing & Community Development. staff. For questions about this event please contact Pam Ruff at pamr@medamd.com or call 410-347-1246. **The Rural Session is only open to elected and appointed officials and government staff**

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Startup Roadshow Visits Dorchester

The Startup Maryland Roadshow stopped in Dorchester County on its statewide tour.  Striving to connect innovation communities to the innovation economy, the tour focuses on four main initiatives; connection, celebration, coaching, and capital. The annual tour provides startup’s with access to the coaching, capital and connection that they may not be privy to otherwise. The tour stop in Dorchester began at Hooper’s Island Oyster Aquaculture in Hooper’s Island. Then the next morning the bus stopped at Factory F on Dorchester Ave in Cambridge. Several stakeholders including the Eastern Shore Land Conservancy and Preservation Maryland gathered for the morning visit in support of the vision of Factory F. Later in the afternoon the bus stopped at the Eastern Shore Innovation Center.  Several businesses and resource partners including the Maryland Department of Commerce, TEDCO and the Dorchester Chamber attended. Two businesses pitched their idea on the bus. Immediately after the ESIC visit an impromptu pop-up party at Factory F began. The community was invited and  welcomed to take a look at the possibilities for the building. The day ended at RAR with large group gathered to support the tour and celebrate entrepreneurship and a “Where are they now” for Hoppers Island Oyster Aquaculture and …

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55th Annual MEDA Conference Held at Hyatt

The 55th Annual Maryland Economic Development Association (MEDA) Conference was held at the Hyatt Regency Chesapeake Bay Golf Resort, Spa and Marina May 1-3, 2016.  Nearly 300 people were in attendance for the annual gathering.  The theme for the conference was The Economic Dynamics of Live, Work and Play. The conference focused on the requirements for planning and executing the right mixture of quality-of-life amenities’ for attraction, employees, residents and visitors. Pamela Ruff, executive director of MEDA said, “Every community possesses recreational, cultural and entertainment assets that offer a lifestyle that appeals to employers, employees and residents. Our conference emphasized best practices for partnerships and practices that highlight those assets” The Maryland Department of Housing & Community Development hosted a Revitalization Tour of downtown Cambridge. Panel experts included Brett Summers, NOVO Properties; John Renner, Cross Street Partners and Stanley Keyser, Keyser Development Corporation. They shared information on their Cambridge Projects and insights on what incentives work best to bring in private investment. The presenters focused on identifying and constructing the key elements crucial to creating a dynamic and vibrant community. Keynote speakers included Peter Kageyama, author of the book, For the love of Cities: The Love Affair Between People and …

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Eastern Shore Innovation Center

Years of planning have come to fruition and tech entrepreneurs have found a new home at the Eastern Shore Innovation Center (ESIC), the Eastern Shore’s first full-service business incubator. February 29, 2016 was the Grand Opening and Ribbon Cutting Ceremony for the ESIC. The ceremony began with opening remarks from the Director of the Dorchester County Economic Development Office (DCED) Keasha Haythe. “I want to thank each and every one of you for your commitment to come together to create a stronger and more prosperous community.” Pastor Anthony Short from the Tri Life Christian Center followed with the invocation.  The Honorable Victoria Jackson-Stanley, Mayor of the city of Cambridge said, “This is a wow situation. I’m very proud to be the mayor and be in partnership with the county as well as with so many in the community who made the vision come to reality.” Addie Eckardt followed with the presentation of a citation and said, “Good things come to those who wait.” Eastern Shore Innovation Center Manager Steve Dolbow spoke next and said, “This is not only a physical facility with top-notch, first-class business facilities for our tenants, but it is a place where additional partners can come together, …

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Economic Development Day

On February 16, 2016, Maryland Economic Development Association (MEDA) members came together in Annapolis to celebrate the 2nd Annual Economic Development Day. Over 60 economic developers attended and were able to connect with legislators and share information about Economic Development projects throughout the state of Maryland. Deputy Secretary of the Maryland Department of Commerce, Ben Wu and Managing Director of Marketing & Communications at Maryland Department of Commerce, Alison Mayer presented a strategic plan prepared by the Maryland Economic Development Commission. MEDA Executive Director said, “It was a particularly special day as MEDA was presented with a House Resolution by the House Delegates. The Resolution was in recognition and celebration of MEDA’s 55th Anniversary. We were proud to accept this distinction on behalf of all of the members who have made their life’s work bringing jobs and investment to our state.” To learn more about MEDA please visit www.medamd.com.

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We Moved

The Dorchester County Economic Development Office (DCED) recently announced its relocation to the Eastern Shore Innovation Center in the Dorchester Regional Technology Park.  The move was effective on February 5, 2016. Keasha Haythe, director of the DCED said, “We are excited to move into our new space that will provide the office and several other tenants the ability to network and collaborate in a business friendly environment.” The newly constructed Eastern Shore Innovation Center is  13,500 SF and is approximately a mile from DCED’s previous location at the Cambridge Dorchester Regional Airport. The new address is 104 Tech Park Drive, Cambridge MD, 21613. All contact information has remained the same. To reach the office please call 410-228-0155 or email info@choosedorchester.org.

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