Donald Fry: Special session could produce uneven income tax increases

  By Donald C. Fry When members of the General Assembly meet next week in a special session, they will have a specific “To Do” list crafted by Governor Martin O’Malley, Senate President Mike Miller and House Speaker Michael Busch for fixing the so-called “Doomsday” budget that was enacted by default last month. In enacting a budget that will increase state spending by 2.6 percent in FY 2013, lawmakers apparently … Continue reading

Donald Fry: Disconnect remains between business advocates, lawmakers over incentives

By Donald C. Fry The disconnect between state lawmakers and Maryland’s business and economic development community over the issue of business competitiveness is no better defined than by their contrasting views on business incentives. While many lawmakers in Annapolis view incentives and tax credits as simply “handouts” to businesses, such incentives are “pricing tools” that allow Maryland’s assets to overcome its liabilities – usually related to taxes and business costs … Continue reading

Donald Fry: Strengthening Maryland�s business climate is about strategy, not survey rankings

By: Donald C. Fry While Maryland’s recent two-place drop to 29th in CNBC’s 2011 “Top States for Business” gained media coverage in this publication and elsewhere, these and other rankings serve not only to gauge economic development challenges facing our state. They also illustrate the vagaries of measuring and communicating perceptions of a state’s competitiveness as a business location. CNBC’s report is one of dozens of rankings published each year … Continue reading

GBC-supported tax credits gain passage in 2010 Assembly session

In a 2010 General Assembly session punctuated by more fiscal shuffling to close yet another budget deficit, lawmakers managed to pass a number of bills, including several key tax credits, that could favorably impact the state’s business competitiveness. GBC-supported measures that passed the General Assembly included bills to continue and broaden an incentive program for historic building rehabilitation, to fund tax credits for bioscience investment, to extend tax credits for … Continue reading

Evergreen.cfo, LLC President William Heintzelman to chair GBC Emerging Business Council

William W. Heintzelman, president, Evergreen.cfo., LLC has been named chair of the Greater Baltimore Committee’s Emerging Business Council. Heintzelman is also principal of McLean, Koehler, Sparks & Hammond, The GBC Emerging Business Council serves as a voice for small business by studying and developing positions pertaining to issues affecting emerging businesses in the Baltimore region. “It has been a challenging 18 months for small businesses in the Baltimore region. We are just … Continue reading

Governor O’Malley to co-host, speak at GBC’s Small Business Summit

Maryland Governor Martin O’Malley will deliver the keynote speech and co-host the Greater Baltimore Committee’s Small Business Summit on December 7 at the Sheraton Baltimore City Center Hotel. The half-day event, which begins at 7:30 a.m., will include panel discussions on financing, business and technology, health care, and issues related to green energy and sustainability. Governor O’Malley will provide a preview of the Small Business Task Force’s recommendations being released … Continue reading

Some successes for business emerge from difficult General Assembly session

Despite what has been a difficult session for both lawmakers and business advocates, a number of GBC-supported bills that will have a positive impact on Maryland’s business climate and economic growth gained passage, including measures to extend and improve the bioscience investment tax credit, provide local incentives for transit oriented development, and to strengthen the minority business enterprise program. Meanwhile, a bill to re-regulate electricity — which was strongly opposed … Continue reading

Stephen James Associates Director of Branch Operations Bill Pisano to chair GBC Emerging Business Council

Bill Pisano, director of branch operations, Stephen James Associates, has been appointed chair of the Greater Baltimore Committee’s Emerging Business Council. The newly-formed Emerging Business Council serves as a voice for small business by studying and developing positions pertaining to issues affecting emerging businesses in the Baltimore region. Pisano has more than 10 years experience in career recruitment. Prior to joining Stephen James Associates in March 2006, he spent nine … Continue reading

What are you worth? Pricing the value of your business

Companies often undervalue the cost of their products and services, said Angeline Huffman, founder of HFS Associates, LLC. Many businesses underestimate their worth and do not have the courage to charge consumers the price needed to keep the company profitable. “You need to have the guts to charge what you’re worth,” Huffman told GBC members in a meeting on Sept. 11. Proper financial management is critical to business success, and … Continue reading