Annapolis, MD (October 21, 2011) – As part of a Statewide effort to raise awareness of economic development and its importance, County Executive John R. Leopold has proclaimed the week of October 24-28, 2011 Economic Development Week in Anne Arundel County. The proclamation recognizes economic development’s impact on job growth and investment in Anne Arundel County and Maryland.
“The growth and stability of the Anne Arundel County economy is greatly enhanced through the efforts of the Anne Arundel Economic Development Corporation (AAEDC),” said County Executive Leopold. “I applaud Bob Hannon’s leadership and his staff for their commitment to bringing jobs and investment to Anne Arundel County.”
In the first three quarters of 2011, AAEDC has tracked 117 new or expanding businesses bringing 3,877 new jobs to the county. AAEDC staff has surveyed over 2,000 companies to determine business needs, met one-on-on with 222 businesses, and has helped generate over $106 million in capital investment. The on-site Small Business Development Center business counselor has counseled 1,152 small businesses while 4 businesses have been approved for loans through AAEDC business financing programs. The Chesapeake Innovation Center, an AAEDC initiative, gained four new technology companies, while existing member companies added 28 new jobs and awarded $5.9 million in contracts.
“Our economic development program supports an industry count of more than 14,000 businesses which in turn employs approximately 240,000 workers - even through the fluctuations of the recent recession,” said Robert Hannon, AAEDC President and CEO. “I encourage all businesses to take advantage of the array of services available through AAEDC that can help businesses grow.”
Maryland Economic Development Week is organized by The Maryland Economic Development Association (MEDA) recognizing award-winning economic development projects that have enriched Maryland’s economy through its website, www.medamd.com ( http://www.medamd.com/ ).
In addition, the Week will feature a series of economic development-oriented conferences, meetings, and workshops in each region of the state, culminating on Friday, October 28 with the MEDA Fall Conference where proclamations from around the state will be showcased. To be held at the Turf Valley Conference Center in Ellicott City, MD, the MEDA Fall Conference will focus on new ideas reaching the marketplace, economic strengths and weaknesses, and initiatives and individuals who have made a tremendous mark on Maryland’s economy.
The Anne Arundel Economic Development Corporation (AAEDC) mission is to serve business needs and to increase Anne Arundel County’s economic base through job growth and business investment. For a complete list of services provided by AAEDC, visit the web site at www.aaedc.org ( http://www.aaedc.org/ ), connect to AAEDC via Facebook, or call 410-222-7410.
The Maryland Economic Development Association (MEDA) enhances the knowledge and skills of its members and encourages partnerships and networking among those committed to bringing jobs and investment to Maryland. MEDA is a nonprofit organization of economic development professionals. Established in 1961, MEDA members promote the economic well being of Maryland by working to improve the state’s business climate and the professionalism of those in the field of economic development.