Tag: Dorchester Regional Technology Park
Shore Tech Park Lots for Sale
April 24, 2017 (Cambridge, Maryland) – Dorchester County Economic Development announced the completion of a fair market value (FMV) assessment for 12 building lots at the Dorchester Regional Technology Park, a critical milestone allowing the county to sell land to expanding businesses. The market analysis was completed less than a year after the Eastern Shore Innovation Center (ESIC) opened and in conjunction with the County’s announcement that the 13,250-square-foot incubator is almost 100% leased. “The County commissioned a market assessment to determine the value and selling price for the Technology Park lots. This was both a condition of the EDA grant and a best practice to ensure we can successfully market the sites,” said Jeremy Goldman, County Manager. “Based on the data- driven analysis conducted by W.R. McCain, we know the FMV is approximately $23,000 an acre and our economic development staff can begin marketing the lots to targeted end-users and developers. The County retained Salisbury-based W.R. McCain & Associates in November 2016 to conduct a regional market analysis; Lori M. Mrohs, a senior analyst at McCain, executed the report. “We identified the total market value of the property at $1.28 million based on land plus site improvements including utilities, …Continue reading "Shore Tech Park Lots for Sale"
Dorchester Regional Technology Park
The Dorchester Regional Technology Park is a 113-acre, full-utility Park that includes water, sewer, and fiber connections for tenants. Strategically located across from the Cambridge-Dorchester Regional Airport, the park boasts beautiful scenery with a paved pathway for walking. Four- to five-acre lots are for sale starting at $65,000 per acre. Dorchester County is located in the center of Maryland’s scenic Eastern Shore, and boasts more than 1,700 miles of shoreline. The county has the largest land/water mass in Maryland, with nearly 600 square miles of land and 70 square miles of waterways. Close proximity to the Baltimore/Washington corridor makes the county attractive to businesses and entrepreneurs. Competitive cost advantages, excellent quality of life, and affordable housing options are just a few of the location attributes the county offers. The entire county is a federally-designated HUBZone, which provides businesses access to unique procurement opportunities with federal government contractors. For more information on the Dorchester Regional Technology Park or to schedule a site visit, contact the Dorchester County Economic Development Office at 410.228.0155 or email sbanks@ChooseDorchester.org.
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, …Continue reading "Eastern Shore Innovation Center"
Tags: Dorchester Regional Technology Park, Eastern Shore Innovation Center, Incubator
Lots Available
The Dorchester Regional Technology Park is a full service park offering water, sewer, and fiber connection for tenants. The 113 acre park is conveniently located directly across from the Cambridge -Dorchester Regional Airport. Lots range in size from 4-5 acres with a starting price of $65,000 per acre. Lot 3 is home to the Eastern Shore Innovation Center and will house various businesses ranging in industry sector. The Incubator is planned to open later this month. Please contact the Dorchester County Economic Department Office for more information on the Dorchester Regional Technology Park at 410-228-0155.Tags: Dorchester Regional Technology Park, land for sale, lots available, tech park
Cassidy Turley Named Tech Park Broker
On May 21, the Dorchester County Council approved the selection of Cassidy Turley as the commercial real estate broker for the Dorchester Regional Technology Park. The Council is expected to sign the contract this week allowing the company to immediately begin marketing the project. A panel comprised of economic and business development representatives reviewed and ranked the four proposals submitted based on the firm’s experience, financial terms and marketing plan. Represented by Easton resident Kevin Greaney, Cassidy will serve as the project’s exclusive broker. “The Tech Park’s location, infrastructure and HUBZone status offer businesses great advantages to start or expand in the region,” Greaney explained, adding, “We will tap into our national network of 65 offices and almost 5,000 employees to aggressively market the project to targeted prospects.” Greaney believes the planned incubator – Innovations Crossroads – will be a tremendous catalyst and drive immediate interest in the build to suit sites when the County breaks ground this fall. “Thanks to completion of Phase I, the Tech Park’s “turn-key” status, affordable pricing and central location make it an excellent site for growing businesses,” said Keasha Haythe, adding, “We are confident that Cassidy Turley’s proven track record marketing office, industrial and …Continue reading "Cassidy Turley Named Tech Park Broker"
Tags: Cassidy Turley, Dorchester Regional Technology Park, Kevin Greaney
Tech Park Incubator to Open Spring 2014
By Logan B. Anderson, Reprinted from The Banner, June 3, 2013 CAMBRIDGE — After nearly two decades of political maneuvering, inaction and disagreements, thanks to the Dorchester County Council’s recent budget vote and its Economic Development Department Director’s work, the Regional Technology Park is in its final phases. The county’s fiscal year 2014 budget, adopted last week, includes a $2.2 million capital expenditure for the construction of a business incubator building at the technology park on Bucktown Road. The vote signaled the end of a project, started in 1999, that Dorchester County Council President Jay L. Newcomb described as a, “nightmare.” “It is almost over,” said Councilman Newcomb. “The Dorchester County Council’s recent actions concerning the Regional Technology Park represent real and relevant progress to move this project from conception to construction to completion,” said Keasha Haythe, director of the Dorchester County Economic Development Department. The council’s recent actions — beyond the vote to allocate the construction funds and granting access to already allocated State of Maryland dollars — include choosing a commercial real estate broker to market and sell the lots in the park. “These actions strengthen Dorchester’s economy by creating the infrastructure, environment and network to help entrepreneurs …Continue reading "Tech Park Incubator to Open Spring 2014"
Tags: Cassidy Turley, Dorchester Regional Technology Park, Willow Construction
Economic Development Director Elected Statewide Asso VP
Keasha Haythe will lead 2014 conference planning Dorchester County Economic Development (DCED) Director Keasha Haythe, CEcD was elected Vice President of the Maryland Economic Development Association (MEDA) today at the organization’s 52nd Annual conference held at the Chesapeake Bay Hyatt in Cambridge. Haythe, a 12-year industry veteran, certified economic development professional and MEDA board member since 2009, takes on a key board position and assumes leadership of the Association’s 2014 conference planning. “I am honored to be chosen by my peers to serve as Vice President of this outstanding organization,” Haythe said of her selection, adding, “I look forward to working with my colleagues to develop an inclusive, inspiring and informative agenda to strengthen our state’s business climate in 2014.” Haythe was appointed Director of DCED in June 2008. In the past five years, she has pursued an aggressive agenda designed to capitalize on Dorchester’s core economic assets and develop collaborative partnerships to support high-level initiatives such as the Dorchester Regional Technology Park and Innovation Crossroads incubator. During Haythe’s tenure, Dorchester County has completed Phase I of the Technology Park, announced Protenergy’s purchase of the former Foodswing building, and secured more than $1.1M in Rural Development Center financing for Hot …Continue reading "Economic Development Director Elected Statewide Asso VP"
Tags: Chesapeake Bay Hyatt, Dorchester Regional Technology Park, Keasha Haythe, Maryland Economic Development Association, MEDA, Pam Ruff
Major Milestone Reached with Tech Park Incubator
County Secures $1.2M State Grant Dorchester County Council President Jay L. Newcomb applauded Maryland Governor Martin O’Malley and the Board of Public Works (BPW) for approving a $1.2 million for construction of Innovation Crossroads, the Eastern Shore’s first, full-service incubator and anchor tenant of the new Regional Technology Park. Funds were authorized by the Maryland Department of Business and Economic Development (DBED) and approved last month by the BPW in a unanimous vote. “On behalf of my fellow council county residents and our business community, I applaud Governor O’Malley, BPW and DBED for joining Dorchester County in developing a 21st century economy to create jobs for today, and jobs for tomorrow, by investing in Innovation Crossroads. Their actions validate the years of planning and preparation our community has devoted to this critical initiative and paves the way for entrepreneurs here – and throughout the region – to realize their business dreams in Dorchester. Originally proposed in 2007 following a comprehensive study of the needs and opportunities for a stand-alone incubator, plans were suspended due to the recession. After improving market conditions demonstrated both viability and need for a comprehensive incubator program serving Eastern Shore, the county requested the State’s assistance …Continue reading "Major Milestone Reached with Tech Park Incubator"
Tags: Board of Public Works, Dorchester Regional Technology Park, Governor Martin O'Malley, Jay Newcomb, Maryland Department of Business and Economic Development
Dorchester Council President Applauds State for $1.2M Tech Park Funding
Provides gap funds to build new “Innovations Crossroads Incubator” March 26, 2013 – Cambridge Maryland — Dorchester County Council President Jay L. Newcomb today issued a statement applauding Maryland Governor Martin O’Malley and the Board of Public Works (BPW) for approving $1.2 million funding by the Maryland Department of Business and Economic Development for construction of Innovation Crossroads, the Eastern Shore’s first, full-service incubator and anchor tenant of the new Regional Technology Park. The funds were approved at last week’s March 20 BPW meeting in a unanimous vote. “On behalf of my fellow council county residents and our business community, I applaud Governor O’Malley, the Board of Public Works and DBED for joining Dorchester County in developing a 21st century economy to create jobs for today, and jobs for tomorrow, by investing in Innovation Crossroads. Their actions validate the years of planning and preparation our community has devoted to this critical initiative and paves the way for entrepreneurs here – and throughout the region – to realize their business dreams in Dorchester.” Originally proposed in 2007 following a comprehensive study of the needs and opportunities for a stand-alone incubator, plans was temporarily suspended due to the economic recession. After improving …Continue reading "Dorchester Council President Applauds State for $1.2M Tech Park Funding"
Tags: Department of Business and Economic Development, Dorchester Regional Technology Park, Innovation Crossroads, Jay Newcomb, Keasha Haythe, Maryland BPW