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Development Corp
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Colorado Springs Regional Economic Development Corp. documents tout that the organization has brought more than 19,000 jobs to Colorado Springs during the past decade. But that number isn't accurate.
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BANGOR, Maine -- Bad loans, large mortgage payments, huge shortfalls and other fiscal problems have pushed Eastern Maine Development Corp. into a fight for its survival. Auditors are at the downtown office this week beginning the task of determining whether the nonprofit economic development agency can be viable. We've been, frankly, struggling financially for four years now," said Tom Lizotte, who has served on EMDC's board for nine years and recently succeeded Eugene Conlogue as board chairman.
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Company American Energy Development Corp.
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The Maryland Economic Development Corp.'s statutory tax exemption includes recordation taxes, the state's highest court held Tuesday. The Court of Appeals' 6-1 decision resolves a four-year dispute with Montgomery County over some $30,000 in recordation taxes arising out of the refinancing of a Rockville business incubator, the Shady Grove Innovation Center.
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BANGOR, Maine -- The local agency that coordinates transportation funding and projects in the greater Bangor region is breaking away from Eastern Maine Development Corp., which has been its parent organization for the past quarter-century. The Bangor Area Comprehensive Transportation System will be an independent nonprofit as of April 1, according to Art Morgan, Bangor's city engineer and chairman of BACTS' board.
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The Baltimore Development Corp. will seek approval from Mayor Stephanie Rawlings-Blake next week to give about $45 million in rent incentives to The Cordish Cos. to offset losses at the Power Plant. David S. Cordish, owner of the company, personally requested the incentives Thursday in a plea to the BDC board.
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Despite the $170 million loss of its Small Business Administration lending program, more than 10 employees and a move to downsize its space, Roz Goldmacher, the Long Island Development Corp. chief, insists her organization has returned to its original mission and has been growing the number of loans it makes through two programs. In February, the corporation forfeited its rights to the Small Business Administration lending program, composed of about 500 loans worth a total of $170 million, to the Empire State Development Corp. and recently put its Bethpage offices up for sale in hopes of finding a smaller space. The staff of the funding entity, the first of its kind when it was created in 1980, has also been reduced to nine people from a high of 24, a figure provided on the nonprofit's ...
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Earlier this year the boards of directors from the Greater Colorado Springs Chamber of Commerce and the Colorado Springs Regional began meeting to talk about merging. When they found that a merger would be beneficial to both organizations, they created a "unification committee" to draft a plan for what the new organization would look like, how it would function and who would lead it.
