Annual Report 2009
B D C 2 3 BALTIMORE MAP VIEW (letters indicate project clusters) Reisterstown Rd (site in I Howard County) A F Northern Pkwy
Allegiance NanoSolutions Charles St 2 Clementine Charles Street Holdings Avance IT Solutions Falls Rd Hamilton Gallery Dr. William Leboe Harford Rd Beehive Baltimore 12 Johns Hopkins University 4 Hamilton Physical Therapy Golden City/Three Kings 3 A Cardioxyl Pharmaceuticals 13 Waverly Ace Hardware of Egypt 5 Lakein’s Jewelry 14 New York Fried Chicken Belair Rd Patrick Sutton Home GreenSpacers Los Amigos Restaurant 6 Hospitality Technology Group 15 Steady Baltimore Greenmount Ave Ropewalk Properties Park Heights Ave MCPA 16 Royal Farms 1 7 Stalking Horse Localist.com 8 9 83 10 MyCity4Her 17 Concord Associates Frankford Ave B Tenzo: Art Within Pastry Network360 18 Monument Cleaners Liberty Heights Ave 13.5% Wine Bar Nuvo Technologies 19 My Flag Super Fish Market Design & Integration B 33rd St Security Technology Initiative 20 Domenic Petrucci Earth Alley Building Supply 12 13 Storyfarm New Media D 21 Emergent BioSolutions 11 C C J 22 Beauty Salon Amed Genomics Corporation G Erdman Ave Alberto’s Spa 23 Arlington Variety Store Chesapeake Sustainable
BB&T Bank CITY BALTIMORE 24 City Center Business Alliance Blue Hill Tavern COUNTY BALTIMORE Elm Street Development North Ave 14 15 16 cmdLabs Bravo Health 25 RWN 102-110 Saint Druid Hill Ave Harbor East Parcel D Paul Street Fulton Ave E21 Doc’s Legg Mason 26 Stifel, Nicholaus Govans Ecumenical G & J Development & Company Development Corporation Oasis Design Group Los Compadres PNC 27 Cordish Company Heekya 18 19 20 28 800 Development Orleans St RSM McGladrey 21 Juxtopia Corporation 17 Baltimore St K Edmonson Ave MyStudentGroups 29 Cristo Rey Jesuit 25 22 24 31 Chesapeake 30 SmartLogic Solutions High School 27 Eastern Ave 29 Paperboard Centre 23 26 30 Dr. Christopher 28 Square Feet 35 37 Harris Teeter Frederick Ave 33 34 31 Bayview Partners 36 WindCurrent 32 J Phillips Foods G 32 Barcelona Nut Company E H
33 Pennoni Associates Caton Ave F I D 38 39 40 41 BENI 34 Watermark Cruises Wilkens Ave 43 1 EBA Engineering K Little Scholars Daycare 35 CyberPoint International 95 2 Belvedere Podiatry 42 Pro Comp Realtors H 36 Urban Pirates 44 3 Caribbean Variety Store 37 Titan Custom Cabinet 724 Partners Enterprise Zone 45 E 4 Cutting Image Barber Shop & Woodworking 800 S. Broadway Assocation 38 Royal Farms Arbor Investment Property 5 New Vision Property Enterprise Zone – Focus95 Area Celie’s Waterfront Inn Management AutoFlex 39 1411 Warner Street Fat Cat Studios 6 Soft Touch Photography BDC Project 46 Avalon Industries 40 Apothecary Wellness Former Shockers Building by Cynthia Elfegne Café 41 Whetstone Grill Park Four Forces Daily Grind 7 Mortgage Bank of America Excel Machine & Fabrication 42 2100 Van Deman 295 Lulu’s Off Broadway 8 Lauraville House Downtown 895 Fiber Electronics 43 Royal Farms BALTIMORE Thames Street Fashion 9 The Parkside HARBOR B Gallery 788 Restaurant Corporation 44 Royal Farms Foreign Trade Zone Site / acreage (A) Union Box Company Patrice Smith 10 Donahoo Collision Center 45 Len the Plumber 20 A 312 A 196 A 84 A 100 A Wharf Rat 46 Dixie Pulp & Paper Priority Care Pharmacy 11 Nurad 127 A 97 A 153 A 12 A 91 A (site in Anne Washington 784 213 A 274 A 15 A 32 A Arundel County)
195 4 5 TABLE OF CONTENTS Values We hold the highest standards of honesty, integrity, respect, and professionalism. We understand that responsiveness is the key to meeting our customers’ needs. We believe that success depends on exchanging ideas, sharing responsibilities, and making decisions at all levels. We respect tradition and value change. We believe BDC’s strength lies in the creativity and diversity of its staff. We share a vision for an ever-stronger Baltimore. 06 letter ( From the Chairman & PresidenT )
We will accomplish this by Providing outstanding customer service. Offering innovative ideas and solutions. Engaging others in a collaborative effort. 09 BALTIMORE Utilizing all possible resources. Capitalizing on our regional strengths.
19 DEVELOPMENT
Retain and Expand Attract New Promote Thriving Increasing Employment Expand the Tax Base by Support Cultural S 01 Existing Businesses 02 Businesses 03 Retail Districts 04 Opportunities 05 Creating New Real Estate 06 Resources / Institutions Development Opportunities Legg Mason, Inc. Emergent BioSolutions Baltimore Main Streets Minority and Women Brownfields Initiative Charles North (Former Parkway Theatre) Merchants Terminal Corporation Emerging Technology Centers BDC Façade Improvement Business Inclusion Request for Proposals Seton Business Park (New Psalmist Bravo Health Inc. Program / Pennsylvania Small Business Resource Center Charles North (Former Baptist Church Expansion) Avenue Façade Improvements Pompeian, Inc. Chesapeake Restaurant) Inner Harbor Under Armour, Inc. Inn at Government House Pennsylvania Avenue (Former Sphinx Club) Enterprise Zone Expansion Lauraville (4500-04 Harford Road)
MISSIO N Port Discovery Children’s Museum – Foreign Trade Zone Middle Branch Master Plan Royal Farms Convenience Store Exhibit Oldtown Recovery Zone Facility Bond Projects (Inn at Penn Station, Marketplace at Fells Point and Curtis Bay Energy/Mid- 69 CORPORATION Atlantic Sustainable Integrated Service Center for Healthcare Systems) 2009 Business Retention, Expansion & Attraction Results Westport Statement of Financial Position The Fitzgerald at UB (University Statement of Activities & Change in Net Assets of Baltimore) Midtown BDC Board Member Directory BDC Staff Directory Westside Initiative B
VISION To lead Baltimore to the forefront of cities in which to live and do business MISSION To act as a catalyst in the creation of by becoming the preeminent economic development entity in the United States. a robust, sustainable economy for Baltimore. 6 7
Letter from the Chairman and President
Arnold Williams, CPA M.J. “Jay” Brodie Board Chairman President
For the Board and staff of the Baltimore Development finished construction of its new “green” refrigerated In a 200-year-old, industrial-based city such as Among our activities in many neighborhoods, BDC Corporation (BDC), our definition of economic distribution center alongside the Port of Baltimore; Baltimore, incentives to support environmental is working with the development team of Seawall development is clear: produce as many jobs as Pompeian, Inc. finished a new warehouse addition cleanup are critical. We were pleased to learn from Development Company/Cormony Development to possible for the residents of Baltimore City through to its facility on Pulaski Highway; and Under Armor the U.S. Environmental Protection Agency that BDC bring their vision of a new entertainment/arts venue to the retention, expansion and attraction of businesses, completed a major expansion of its sports apparel (through a national competition) had been selected fruition for the former Parkway Theatre and adjacent which also leads to increases in the City’s tax base. business in the former Overflo Public Warehouse for two brownfields assessment grants, totaling properties in Charles North. And BDC is assisting the in the Tide Point area of Locust Point. $400,000, to help evaluate contaminated properties City’s Department of Planning to create a new zoning In 2009, BDC activities retained 2,152 jobs, while in Baltimore City, a key step to converting such code, an important step in simplifying a key part of creating an estimated 1,323 new jobs (totaling 3,475 Baltimore City in 2009 was the beneficiary of $30.8 properties into viable redevelopment sites. the complex process in attracting future investment jobs) that leveraged over $1,268,623,654 in capital million in federal stimulus funds that is assisting throughout the City. investment. Additionally, our outreach efforts last three exciting projects to move forward. Recovery Additionally, development plans for the Middle year involved more than 100 City businesses. Zone Facility Bonds are a new category of tax Branch including Westport, continue to move As our partners in progress, we encourage you exempt private activity bonds authorized under the forward. BDC is overseeing implementation of to contact us with your ideas. Those outreach efforts resulted in BDC assisting American Recovery and Reinvestment Act of 2009. the Middle Branch Master Plan objectives, which a number of companies with their growth and BDC facilitated a public process that resulted in the envisions the area as a revitalized mixed-use Sincerely, expansion last year. Most notably: Bravo Health, which selection of the Inn at Penn Station, Marketplace at community. The first phase of Westport’s wetland signed a long-term lease to expand in Brewer’s Hill; Fells Point and the Curtis Bay Energy/Mid-Atlantic reconstruction project is underway. Legg Mason completed its relocation and expansion Integrated Service Center for Healthcare Systems of its world headquarters to its new waterfront office to utilize Facility Bond proceeds. Arnold Williams, CPA M.J. “Jay” Brodie B tower in Harbor East; Merchants Terminal Corporation Board Chairman President 8 9
BALTIMORE
Baltimore City has more than 225 unique neighborhoods, each with its own personality and charm. Diverse in its people, commerce and architecture, Baltimore is one of the best cities in America. Building on a historic foundation of entrepreneurship and innovation, BDC envisions a bright future for this great city of opportunity.
B 10 11
OPEN SPACES INNER HARBOR
Fortunately for all of us, Baltimore Among the many jewels resides in the midst of lush green comprising Baltimore, the Inner scapes – cradled by a majestic Harbor is certainly one of the best blue space. Where the land meets known. From the waterfront’s the water, there you will find inception as an award-winning Baltimoreans and visitors relaxing mixed-use plan, BDC has played and playing. an integral role in harnessing its power. The always increasing variety of living commerce and entertainment spaces give true meaning to the idea of Live, Learn, Work, Play in the center of the city.
B 12 13
ARTS & CULTURE HOMETOWN GREATS
The Hippodrome. Few things At its height, Montgomery Ward speak to Baltimore’s history of was one of the largest retailers in rich entertainment and promise the United States. True to its form, more of the same in the future. Baltimore hosted part of this great Grand old theaters like these empire. Now, like then, Baltimore have closed in many places, but is still the hometown of business not in Baltimore. An efficient greats like Under Amour, and the combination of business savvy homes of former titans are filled and cultural support has kept with the hopes and dreams of places like the Hippodrome new businesses. relevant. Great cities find ways to keep art and culture alive.
B 14 15
HAVE FUN, HOn A LEGACY OF ARCHITECTURE A town known for its eclectic eccentricities, Baltimore has Originating in Europe, its share of pleasant surprises Baltimore’s neighborhoods within almost every neighborhood. feature the trademark of Row This pink flamingo, which hangs Home design. Children are proudly over the doors of Café raised and bonds are formed Hon in Hampden, seems to say, over generations – families “Hey Baltimore, being smart woven together, aided by one and sophisticated is great, but of the everlasting forms of remember to have fun, HON.” urban architecture.
B 16 17
MONUMENTAL CITY
John Quincy Adams called Right: A man who needs no Baltimore “The Monumental City” introduction, William Donald when he visited in 1827. Home Schaefer. He served as Mayor of the first monument to George of Baltimore from 1971 to 1987, Washington and countless other Maryland’s Governor from 1987 symbols of freedom. Baltimore to 1995, and State Comptroller has surely earned the nickname. from 1999 to 2007. Mr. Schaefer’s contributions to Baltimore are Left: The National Katyn Memorial as legendary as the town itself. located in Harbor East is dedicated The monument is located near to the Polish military officers the Light Street Pavilion of massacred in 1940 by the Soviet Harborplace, in the Inner Harbor. Union during World War II.
B 18 19
DEVELOPMENT
Building homes for great ideas is the heart of development. With a workforce that includes the nation’s highest concentration of residents with advanced degrees – Baltimore’s businesses have no shortage of “Ah Ha” moments. Connecting that entrepreneurial energy to a place where it can thrive is key to Baltimore’s economic growth, job creation, and revitalization.
BDC remains excited about Baltimore’s future. Located in the heart of the Mid- Atlantic region, the port city of Baltimore is a dynamic urban center fueled by a diverse economy, internationally renowned universities and medical centers, and an extraordinary collection of business leaders who continue to grow their dreams in the heartland of opportunity.
D 20 21
Legg Mason, Inc.
Legg Mason, one of the largest asset management BDC helped to facilitate Legg Mason’s expansion firms in the world, serving clients in 190 countries by obtaining City approval of two PILOT (Payment on six continents, relocated in 2009 to its new 24-story, In Lieu of Taxes) agreements: a 15-year PILOT for $200 million world headquarters waterfront office the office building and a 25-year PILOT for the 1,200 building in Harbor East. The company signed a 15-year space underground parking garage. Additionally, the lease for 325,000 square feet of space at 1000 City provided a $2.9 million infrastructure grant for International Drive, moving its employees from public utilities and promenade improvements. 100 Light Street in downtown Baltimore.
Merchants Terminal Corporation
Merchants Terminal Corporation completed construction to and from international marketplaces. Merchants of its new state of the art, environmentally sustainable Terminal Corporation, which is the oldest and largest refrigerated distribution center. The new facility, temperature controlled logistics company in the State located alongside the Maryland Port Administration’s of Maryland, created 46 permanent jobs with this Seagirt Marine Terminal, contains 11,127 square feet project. BDC provided general business assistance of office space, 144,128 square feet of warehouse space, to facilitate the company’s expansion. and 6,269,568 cubic feet. The distribution center will increase the transfer of refrigerated and frozen cargoes
The Baltimore Economic Development Retain and Expand Legg Mason Corporation and Center City-Inner 01 Harbor Development Inc. merge to create Existing Businesses D Baltimore Development Corporation. 1991 22 23
Bravo Health Inc.
In 2009, Bravo Health signed a long-term lease with approximately 570 associates at the Brewers Hill site. Obrecht Commercial Real Estate to retain and grow The additional space increased the company’s total its headquarters and operation center at Brewers Hill square footage to more than 117,000 square feet at the (3601 O’Donnell Street) in Southeast Baltimore. Brewers Hill campus. The company announced that it would expand by 30,000 square feet in the former Gunther Bottle BDC worked with Bravo Health, Obrecht Commercial Building, bringing more than 200 additional jobs Real Estate and the Maryland Department of Business to the City. Bravo Health, a Medicare Advantage plan and Economic Development (DBED) to retain the company dedicated to providing beneficiaries access to high- in the City. Bravo Health is receiving job generation tax quality, cost-effective health care, already employed credits from DBED’s One Maryland program.
Business Retention and Outreach
At the core of BDC’s mission is the retention and owners to hear their ideas and assess their needs expansion of businesses; ultimately, creating jobs for growth and expansion, while providing updated and increasing Baltimore City’s tax base. As part information on financing options, site selection and of this process, BDC conducts over 100 outreach workforce assistance. visits each year meeting with business and property
■ The Convention Center expansion agreement passes in April by the General Assembly and BDC. Retain and Expand Bravo Health ■ The Greater Baltimore Committee, State Department of Economic & Employment Development 01 Existing Businesses and BDC assess the growing need for laboratory workers in region over the next decade. D 1993 24 25
Pompeian, Inc.
Pompeian, Inc. is a food company that was founded In 2009, the company completed a 40,000 square foot in Baltimore in 1906 and produced America’s first warehouse addition to its facility on Pulaski Highway national brand of imported extra virgin olive oil. Today, in East Baltimore. BDC, the City’s Department of Pompeian is one of the leading importers, bottlers Public Works and Pompeian entered into a funding and distributors of olive oils and wine vinegars in the agreement to relocate underground utilities so that the United States. Pompeian also offers foods from the warehouse could be constructed. The company employs Mediterranean including cooking wines, prepared approximately 55 people. olives and artichoke hearts.
Under Armour, Inc.
Under Armour, an international sportswear and casual The building was converted to create additional office apparel giant headquartered in Baltimore, expanded space, a showroom and a retail outlet. Under Armour its presence in the Tide Point complex in Locust Point signed a 6 ½ year lease for the building. BDC guided into 140,000 square feet of space (the former Overflo the permitting process and provided ongoing general Warehouse on Beason Street). business assistance.
BDC’s proposal for Baltimore’s Empowerment Zone plan Retain and Expand Above: Pompeian emerges as one of the few U.S. cities to win federal acceptance. 01 $100 million in federal social grants and $250 million in tax Existing Businesses Below: Under Armour D credits are offered to private employers if they create new jobs
1994 for residents of a number of depressed neighborhoods. 26 27
Enterprise Zone Expansion
On December 15, 2009, the State of Maryland’s employment tax credits that are more substantial Department of Business and Economic Development than those in Baltimore’s wider Enterprise Zone. Real (DBED) approved Baltimore’s application to expand the property taxes on improvements in the Focus Area are Baltimore City Enterprise Zone to include the following abated 80% for a full 10 years. In addition, businesses commercial areas: Pennsylvania Avenue, Liberty can claim $1,500 per new employee they bring to Heights, South Clifton Park, and the Central Business the Focus Area and up to $9,000 for economically District (encompassing Baltimore Street to the north, disadvantaged employees. Unlike in an Enterprise Paca Street to the west, President Street to the east Zone, there is also a 10-year, 80% personal property and Lombard Street to the south). tax abatement on new equipment.
Carroll Camden and the Howard Street Corridor are The Enterprise Zone expansion will greatly assist now Baltimore’s two Focus Areas. An Enterprise Zone BDC’s efforts in these commercial areas. The tax credits offers real property tax abatement on commercial available in the Enterprise Zone ensure that Baltimore property improvements and employment tax credits City continues to move forward with job and business on newly created jobs. Focus Areas of an Enterprise growth. In the last three years alone, Enterprise Zone Zone have to meet a more stringent definition of an certified businesses have created 2,400 new jobs and economically depressed area in order to qualify. retained 2,900 jobs for a total job figure of 5,300; these Once approved by the State of Maryland, Focus Area certified companies have brought $1.1 billion worth of businesses can take advantage of real property, capital investment to Baltimore’s commercial areas.
Mayor Kurt L. Schmoke names M.J. “Jay” Brodie as the Retain and Expand Using the Enterprise Zone Tax Credit, Caribbean Variety (above) and more than next president of the Baltimore Development Corporation, 01 a selection the mayor describes as a “major move forward” Existing Businesses 100 other Baltimore businesses have created 2,400 new jobs in the last 3 years. D for the economic development agency. 1995 28 29
Foreign Trade Zone
The 2009 annual report of Foreign Trade Zone #74 to the BDC first began Baltimore’s Foreign Trade Zone in U.S. Department of Commerce showed that imported 1982 at Holabird Industrial Park as an attraction for goods were valued at around $1.7 trillion with the warehousing companies. Today, the Foreign Trade Zone highest value of goods being automobiles, aluminum has over 3 million square feet of activated area in three and alcohol. jurisdictions, with the majority of activated space in Baltimore City around the Port of Baltimore. Baltimore A Foreign Trade Zone is designated by the U.S. has 11 FTZ operators which provide warehouse space Department of Commerce at the request of the grantee and services for companies looking to bring in imports of the Zone. (The City of Baltimore is the grantee of to an FTZ activated facility. the Zone which BDC administers on its behalf.) The Foreign Trade Zone allows importers to bring In 2009, the Foreign Trade Zone serviced 82 businesses imported goods with duties into the United States for and contributed to over 762 full-time jobs among its storage or manufacturing without paying any duties operators, with a total employment of almost 1,000 on the merchandise until it leaves the Zone. This (including part-time and seasonal workers). The Zone allows businesses to save money on the deferral of the was responsible for over $13 million worth of goods duties on products and in some cases, saves on duties re-exported overseas and more than 1.5 million altogether through an inverted tariff policy. square feet of space was activated in the FTZ.
BDC’s Small Business Resource Center Retain and Expand Port of Baltimore opens downtown, greatly expanding 01 opportunities for minority-owned, Existing Businesses D women-owned, and small businesses. 1995 30 31
Emergent BioSolutions Inc.
Emergent BioSolutions Inc., a Rockville, MD-based programs focused on botulism, tuberculosis, typhoid, biopharmaceutical company, purchased a biotech and hepatitis B. manufacturing facility in East Baltimore at 5901 E. Lombard Street, and will create up to 125 jobs over BDC, on behalf of the City of Baltimore, facilitated the next five years. The company, which focuses on the the land and building sale and offered a discounted development, manufacture and commercialization of purchase price on the land as an incentive for job vaccines and therapeutics, acquired the 60,000 square creation. The Maryland Department of Business & foot BioProcessing Center from MdBio Foundation Economic Development (DBED), which partnered with and the land from the City of Baltimore for $8.2 BDC, is providing a grant through the Brownfields million. Emergent will increase its manufacturing of Revitalization Incentive Program. Emergent will also be BioThrax, the only vaccine approved by the U.S. Food eligible for Job Creation Tax Credits, the One Maryland and Drug Administration for the prevention of anthrax Tax Credit and benefits from locating in Baltimore City’s disease. The company’s development pipeline includes Enterprise Zone.
BDC announces a restructuring aimed at the agency’s Attract New Emergent BioSolutions, Inc. focus and its responsiveness to local business. Chief 02 among the changes is the creation of teams, which Businesses D oversees the agency’s efforts on both a geographic and
1996 a functional basis. 32 33
Emerging Technology Centers
The Emerging Technology Centers (ETC), a venture of salary of $75,000, and had average annual revenues the Baltimore Development Corporation (BDC), is a non- of $925,000. ETC’s client and graduate companies profit business incubator program with two incubator received funding totaling $6,950,000 from federal and facilities (Canton and Johns Hopkins Eastern), focused state grants as well as from private investors. on growing early-stage technology and biotechnology companies in Baltimore City. In 2009, ETC companies received both local and national recognition: ETC companies enjoy flexible leases, shared basic services and equipment, tech support, and on-site • CSA Medical won the 2009 National Business management. More than an opportunity for growth of Incubation Association’s (NBIA) Outstanding Incubator individual companies, the ETC provides an environment Company of the Year award. This marked the fourth in which like-minded companies can accelerate their year in a row that an ETC company has been honored potential through partnerships, joint ventures, and by NBIA – and a first in NBIA history. The prestigious other collaborations. NBIA award went to, Millennial Media in 2008, Social Solutions in 2007, and Cynergy Group of Baltimore In 2009, Emerging Technology Centers increased its in 2006. number of clients from 65 to 70. Last year, 23 new • Well Doc Communications’ Co-Founder and Chief companies joined the incubation program and 21 Medical Officer, Dr. Suzanne Sysko Clough, was graduated. By year’s end, 84% of ETC’s graduates honored at the Greater Baltimore Committee’s were still in business. (GBC) Bioscience Awards with the “Entrepreneurial Spirit” award. The ETC has maintained high client quality; its client • Kerrie Brady, COO of Arcion Therapeutics and CEO companies employed 360 people at an average annual of Traxion Therapeutics, received a Brava! Women
With increased development activity around Baltimore’s Inner Harbor Attract New Emerging Technology Center, Canton East, BDC seeks bids from urban experts for a design study to 02 recommend ways to improve “physical and perceptual connections” Businesses D between the Inner Harbor and Market Place attractions, such as
1997 the proposed Children’s Museum and Metro station. 34 35
Business Achievement Award, and was a finalist for • A&G Pharmaceuticals, ETC graduate company, was both the GBC Bioscience “Entrepreneurial Spirit” recognized as the “Graduate Company of the Year” at award and the “Best New Product or Progress” award. the Maryland Incubator Company of the Year Awards. • Pique Performance President, Angela Singleton, was • Salar, ETC graduate company, was voted one of named an “Influential Marylander of the Year” by The “Baltimore’s Best Places to Work” by the Baltimore Daily Record. Business Journal. • Encore Path was named the Maryland Incubator • High Rock Studios, ETC graduate company, was Company of the Year in the Technology Transfer honored as “Best of Show” by the Greater Advertising category, was one of 20 semi-finalists in the Forbes Federation of Frederick. Business Plan Competition, and was a finalist for GBC Bioscience “Best New Product or Progress” award. The quality of ETC’s management team was also • Trusted Technologies won the “APHIS Small highlighted in 2009. Executive Director and President, Disadvantaged Business Contractor of the Year” award. Ann Lansinger, was inducted into the “Robert A. Spar • Beehive founder Dave Troy was recognized as Hall of Fame” at the Maryland Incubator Company of the “Innovator of the Year” by The Daily Record and won Year Awards ceremony, and Neil Davis, Vice President the “Connector” award at the Greater Baltimore for Operations, was a finalist for the “Connector” award Technology Council’s (GBTC) TechNite event. at GBTC’s TechNite event.
BDC launches the Westside Initiative – Baltimore’s Attract New BDC provides business assistance to ETC tenants largest urban renewal effort since the Inner Harbor 02 in the 1970s. The City Council passes an ordinance Businesses such as Juxtopia, LLC (left) and Beehive (right) allowing the city to condemn 110 buildings in a 12-block D
1999 area surrounding Howard and Lexington streets. 36 37
Baltimore Main Streets
Baltimore Main Streets is a program which BDC 71 part-time jobs, and 52 new façade renovations for began in 2000. The primary purpose is to support a private investment of $934,023.89 and $339,197.05 Baltimore’s small businesses and assist neighborhoods in public investment. through revitalization of their commercial districts. Baltimore has the second largest urban Main Streets Program highlights in 2009 included the release of program in the United States with 10 fully-designated Request for Proposals (RFP) for the Old Highlandtown communities: Belair-Edison, Brooklyn, East Monument Library, the former Sphinx Club and the 900 block of Street, Federal Hill, Fells Point, Hamilton-Lauraville, Washington Boulevard. BDC entered into an Exclusive Highlandtown, Pennsylvania Avenue, Pigtown Negotiating Privilege with Magnum Construction, LLC and Waverly. for the redevelopment of the 700 block of Washington Boulevard. In 2009, 51 net new businesses opened in Main Street communities, which resulted in 120 new full-time jobs,
A newly restored Montgomery Park opens. Promote Thriving Main Streets, Hamilton-Lauraville BDC provides assistance with brownfields 03 redevelopment, historic preservation and Retail Districts Enterprise Zone tax credits. D 2001 38 39
Façade Improvement Grant Program / Pennsylvania Avenue Façade Improvements
Administered by BDC, the Façade Improvement investment. Projects were completed in Belair-Edison, Grant (FIG) program offers up to $3,000 in matching Federal Hill, Highlandtown, Mount Washington, Market grants and, in certain cases, design assistance Center, Pigtown, Hamilton, Druid Heights and the to merchants and property owners in designated Westside of downtown. commercial revitalization districts in order to improve the appearance of individual building facades, signs Along Pennsylvania Avenue in West Baltimore, and awnings, as well as the overall look of the retail Phase II of the façade improvement project for eight district. The goal of this program is to leverage private properties in the 1800 block was completed at a cost improvements while making revitalization efforts $260,000 in 2009; part of a $1 million refurbishing of the affordable and creative. Pennsylvania Avenue Commercial District, extending from 1500 to 1800 Pennsylvania Avenue. BDC completed In 2009, 27 façade projects were completed leveraging Phase I of the project (the odd side of the 1700 block and $3,784,354 in private investment and $66,159 in public a portion of the 1800 block) in fall 2007.
Launch of the Business Outreach program, providing 180 Promote Thriving Pennsylvania Avenue, service visits to corporations in all areas of the City and a 03 proactive approach to meeting the needs of Baltimore’s Retail Districts before and after façade improvement business community. D 2001 40 41
Minority and women Business Inclusion
Each year, BDC ensures that minorities and women 4. Lauraville 4500-04 (Harford Road) have a fair and equitable opportunity for inclusion in 5. Oldtown the City’s revitalization and growth. In 2009, nine BDC 6. Pennsylvania Avenue (Former Sphinx Club) assisted projects included minority equity participation: 7. Seton Business Park (New Psalmist Baptist Church Expansion) 1. Charles North (Former Chesapeake Restaurant) 8. The Fitzgerald at UB 2. Inn at Government House (University of Baltimore) Midtown 3. Inner Harbor 9. Westport
Small Business Resource Center
The mission of the Small Business Resource Center In 2009, the SBRC, located on the 3rd floor of Johns (SBRC), a subsidiary of BDC, is to enhance economic Hopkins Eastern at 1100 East 33rd Street, provided growth through business development and innovation. technical assistance in the form of more than 72 Existing and prospective businesses are assisted through counseling sessions and seminars. In addition, over individual assessment, consulting, seminars, technical 4,000 people visited the SBRC. The Center also fielded assistance and referrals within a cooperative network over 9,600 telephone calls for assistance. of government agencies, educational institutions, community organizations and private sector partners. Further, the SBRC’s Local Contractor Development Program provided assistance to more than 70 contractors. Over the past years, the SBRC has focused on developing During the spring and fall Contractor’s College, over 40 capacity in the small business community through participants were taught by industry professionals. counseling, coaching and seminars.
Arnold Williams is appointed Chair Increasing Employment Johns Hopkins Eastern, home of the of BDC’s Board of Directors. 04 Opportunities Small Business Resource Center D 2001 42 43
Brownfields Initiative
Brownfield grants help to assess, clean and redevelop In August 2009, BDC issued a Request for Qualifications abandoned, contaminated properties known as (RFQ) for environmental consultants. Seventeen brownfields. Brownfields are sites where expansion, proposals were received. A selection panel was redevelopment, or reuse may be complicated by convened to review the proposals and selected the the presence or potential presence of a hazardous following eight (8) firms: substance, pollutant, or contaminant. • Arc Environmental – Baltimore, MD The Brownfields Initiative is partially funded by grants • ARM Group, Inc. – Columbia, MD received from the U.S. Environmental Protection • Brightfields, Inc. – Wilmington, DE and Baltimore, MD Agency (EPA), which requires a competitive bidding • Chesapeake GeoSciences, Inc. (CGS) – Columbia, MD process prior to awarding any contracts. Since BDC • Geo-Technology Associates, Inc. (GTA) – Laurel, MD also uses local bond funds and State brownfields funds • EA Engineering, Science and Technology – Sparks, MD to carry out site assessments, cleanups, and other • KCI Technologies, Inc. – Hunt Valley, MD related activities, the pre-qualification process was • Urban Green Environmental – Baltimore, MD designed to apply to sites funded through these other sources as well. EPA also announced in 2009 that BDC was the recipient (selected through a national competition) of two BDC, on behalf of the City of Baltimore, has developed brownfields assessment grants, totaling $400,000, to a list of pre-qualified environmental consulting help evaluate contaminated properties in Baltimore City. firms to carry out environmental site assessments These grants will help assess some of the more than 1,000 and other consulting tasks in connection with the potential brownfield sites that occupy more than 2,400 City’s Brownfields Initiative and other redevelopment acres in the City. Through the assessments, BDC will projects. identify contaminated areas and assist in the development of plans to address related environmental concerns.
A restored Congress Hotel and Hecht’s department Expand the Tax Base by Creating New Former Ainsworth Paint Building, store, renamed “The Atrium” reopens as new 05 apartments and lofts, bringing life back to these Real Estate Development Opportunities currently a Brownfields site D streets and improving the City’s tax base. 2001 44 45
Request for Proposals
In order to spur economic revitalization in the City’s • Brownfields Initiative (Environmental Services) neighborhoods, moving projects through the public • Charles North (Former Parkway process, BDC issues Request for Proposals (RFP). Theatre Redevelopment) • Former Highlandtown Library Site In 2009, proposals were sought for the following • Pennsylvania Avenue (Former Sphinx Club) projects: • Pigtown/Washington Village Urban Renewal Area (Washington Boulevard) • Baltimore Main Streets (CDBG-R Façade Improvement • Recovery Zone Facility Bonds Project-Architectural Services) • Senator Theatre
Charles North (Former Chesapeake Restaurant)
In Charles North, BDC has obtained a signed Exclusive The project also includes 20 East Lanvale Street Negotiating Privilege (ENP) with Station North which is owned by the Shecter family. Development Partners, LLC (Bowling Inc. – Michael Shecter) for the acquisition and redevelopment of two Station North Development Partners’ plan, entitled City-owned disposition lots: 1701-09 North Charles “Chesapeake Square,” is a refined version of their Street (the former Chesapeake Restaurant building) previously awarded proposal for the site. and 22 & 24 East Lanvale Street.
BDC reports that companies receiving incentives in the Expand the Tax Base by Creating New Former Chesapeake Restaurant past six years beat projections of increased employment 05 and tax revenues, employing 8,181 people and paying Real Estate Development Opportunities D $14.4 million in taxes annually from the 29 companies
2002 and nonprofits who received incentives. 46 47
Inn at Government House
BDC negotiated a Land Disposition Agreement for Stage, as well as various local and national private the City’s sale of the Inn at Government House to clubs and institutions. Government House LLC (Eddie Brown, Brown Capital Management and Martin Azola, Azola & Associates). Located at 1125 North Calvert Street, the Inn at The development team will redevelop the property Government House consists of an approximately as a 17-room boutique-style bed and breakfast with 13,000 square foot parcel, improved by three ancillary restaurant and event space. The Inn would structures, including a four-story historic residence be operated as a for-profit hotel property, specifically and two adjoining federal-style row houses to the marketed to attract visitors from the University of south, with parking for 13 vehicles. The City-owned Baltimore, Maryland Institute College of Art, Center building was last renovated in 1985.
Lauraville (4500-04 Harford Road)
BDC obtained Board of Estimates approval for a Land estimated at $1.1 million. Additionally,BDC negotiated a Disposition Agreement (LDA) for JBL Real Estate one-year lease with the City for the Lauraville community (Jeffrey Landsman) to acquire 4500-04 Harford Road to use the site for a Tuesday evening Farmers’ Market, a for a one-story, 8,000 square foot retail development. local arts market and other community activities. Development cost for the Northeast Baltimore project is
■ Release of Baltimore’s Economic Growth Expand the Tax Base by Creating New Inn at Government House Strategy, led by the Mayor’s Office and BDC. 05 Real Estate Development Opportunities ■ BDC helps structure a public-private D partnership to revitalize Belvedere Square. 2002 48 49
Middle Branch Master Plan
The Middle Branch Master Plan, which was adopted by the Departments of Public Works, Transportation, Housing Baltimore City Planning Commission on September 20, and Community Development, and Recreation and 2007, envisions revitalizing the Middle Branch estuary and Parks, the Office of Sustainability, and the Baltimore waterfront as a mixed-use community through economic Heritage Area. This committee is tasked with and community redevelopment, ecosystem restoration implementing the specific objectives in the Middle and protection, and recreation and education programs Branch Master Plan. coordinated within a sustainable framework. In 2009, BDC was charged with implementing the objectives of the • The Middle Branch Advisory Committee is comprised Middle Branch Master Plan and two committees were of private, community, nonprofit, and state stakeholders. established to oversee the implementation process: This committee plays an advisory role and provides advice and feedback to the larger committee. • The Middle Branch Task Force is comprised of representatives from BDC, the Baltimore City
Oldtown
In 2009, BDC, on behalf of the City of Baltimore, area is located between Baltimore City’s two largest acquired 17 of 18 properties and relocated existing employment centers – downtown Baltimore and businesses to make way for a grocery store The Johns Hopkins Medical Institutions. BDC is also anchored, mixed-use development by Continental assisting the Baltimore City Department of Planning Realty Corporation, A&R Development and McCrary with a new master plan for the overall Oldtown area, Development. Oldtown originated as a shopping district which will help stimulate other revitalization activities. in the early 1800’s. A gateway to East Baltimore, the
With BDC support, work begins on renovations Expand the Tax Base by Creating New Oldtown Fire Museum to the Hippodrome Theater and Centerpoint 05 development, while construction is completed Real Estate Development Opportunities D on five new parking garages downtown. 2002 50 51
Recovery Zone Facility Bond Projects
On July 31, 2009, BDC, on behalf of the City of Baltimore, within the City of Baltimore Recovery Zone that was issued a Notice of Funding Availability and a Request created by an Ordinance of the City Council in July 2009. for Proposals (RFP) seeking proposals from qualified respondents for the use of the City’s allocation of Facility The 19 proposals were analyzed by a BDC-convened Bonds. In response to the RFP, BDC received 19 proposals Advisory Panel. Following further consideration by the with a total request of approximately $230 million. BDC Board of Directors, the following three projects were recommended and approved by the Mayor: Inn at Recovery Zone Facility Bonds are a new category of Penn Station, Marketplace at Fells Point and the Curtis tax exempt private activity bonds authorized under the Bay Energy/Mid-Atlantic Integrated Service Center for American Recovery and Reinvestment Act (ARRA) of Healthcare Systems. 2009. The ARRA allocated $30.8 million in facility bonds
Westport
In 2009 work started, which includes a wetland space, 300,000 square feet of retail space, 2,000 reconstruction project on the first phase of the residential units, and 500 hotel rooms. Westport Westport development on the Middle Branch of developer, Turner Development Corporation, will the Patapsco River. The $1.2 billion project is construct new utilities, roads and landscaping for the planned to include 3 million square feet of office property, followed by residential development.
■ Mayor O’Malley and BDC lead groundbreaking of the 17th supermarket to open Expand the Tax Base by Creating New Penn Station in Baltimore City. 05 Real Estate Development Opportunities ■ Two BDC Main Street communities, Waverly and Washington Boulevard/Pigtown, D are awarded a half million dollars in state funding for building rehabilitation. 2003 52 53
The Fitzgerald at UB (University of Baltimore) Midtown
The first component of the $76 million mixed-use Lyric Opera House, Meyerhoff Symphony Hall, Penn development The Fitzgerald at UB (University of Station, and Maryland Institute College of Art (MICA). Baltimore) Midtown, a 1,245-space public parking garage, adjacent to UB, was completed in 2009. The Fitzgerald at UB Midtown is being developed, A Barnes & Noble College Booksellers Superstore built and managed by The Bozzuto Group and is a joint with Starbucks Café will anchor the retail portion venture between Bozzuto, Gould Property Company, and serve as UB’s campus bookstore. In addition, the NYSTRS and former Baltimore Raven Michael McCrary. development will contain 275 apartments and 24,000 BDC negotiated the $12 million PILOT (Payment in Lieu square feet of street level retail space. The new garage of Taxes) for the project. will provide public parking for the Mount Vernon neighborhood, including the University of Baltimore,
BDC closes Baltimore City’s first Tax Increment Financing (TIF) deal Expand the Tax Base by Creating New The Fitzgerald at UB Midtown for the development of Harborview, a 42-acre waterfront development 05 on Key Highway in South Baltimore, consisting of condominium units, Real Estate Development Opportunities D apartments and townhouse developments, with a slip marina, yacht
2003 club and restaurant. 54 55
Westside Initiative
400 & 402 North Howard Street residential and parking. Project costs are estimated The Board of Estimates approved a Land Disposition at $7.7 million. Agreement (LDA) between the Mayor and City Council of Baltimore and P&D Realty, LLC for the acquisition of 400 Block of West Baltimore Street properties at 400 & 402 N. Howard Street for $150,000. Balti-West 400, LLC (David S. Brown & A&R Development Through a competitive RFP (Request for Proposals) Corporation) has moved forward with a $5 million retail- process conducted by BDC, P&D Realty was awarded based redevelopment of the 400 block of West Baltimore the properties, which it plans to redevelop into rental Street. A new PNC Bank anchors the north side of the apartments with ground level retail. block at 426 West Baltimore Street (at North Paca Street). The south side of the block features Samuelson’s 408-416 North Howard Street Diamonds, a family-owned jewelry store that started in BDC obtained Board of Estimates approval for an LDA business in 1922 on Pennsylvania Avenue (the business between the Mayor and City Council of Baltimore and was moved downtown to the corner of Baltimore and Paca Howard Street Lofts, LLC for the conveyance of four Streets – 426 West Baltimore Street – in 1972). development sites (408-416 North Howard Street) to Howard Street Lofts, LLC at a cost of $600,000 for The south side of the 400 block of West Baltimore Street a new mixed-use project consisting of retail/office, contains approximately 12,000 square feet of retail space
Assisted by BDC, the former Montgomery Ward Expand the Tax Base by Creating New Samuelson’s Diamonds and PNC Bank, located warehouse is transformed, using federal brownfields 05 and HUD 108 funds, into an environmentally designed Real Estate Development Opportunities in the 400 Block of West Baltimore Street 1.3 million square foot office building, creating D
2003 hundreds of new jobs in Baltimore. 56 57
with the north side an estimated 6,000 square feet of a year, is to create a Strategic Plan for the highest and retail space. The City of Baltimore is partially funding best interest of the redevelopment of the corridor and streetscape improvements for the block. In addition, to complement public investment made in the area. Downtown Partnership of Baltimore is providing façade improvement grants for both the north and south sides This study was guided by the following goals: 1) Improve of the block, which is being funded in part by BDC. the economic vitality and encourage quality redevelopment of the Howard Street Corridor; 2) Preserve Baltimore’s A Strategic Plan to Enhance the heritage resources and increase the economic benefits Howard Street Corridor of heritage tourism; 3) Enhance the aesthetic appeal of the corridor; 4) Improve the quality and environment of BDC in partnership with the Baltimore City Department transit, public space, and the pedestrian experience on of Planning, the Baltimore City Department Howard Street; 5) Coordinate and leverage investments of Transportation, Downtown Partnership of for greater impact and bring together a multi-sector Baltimore, Inc., Westside Renaissance, University partnership of stakeholders to enhance the Howard of Maryland Medical System, Maryland Department Street corridor; and 6) Exhibit best practices in transit- of Transportation and the Maryland Transit oriented development for improvements to Howard Administration, is assisting in the creation of a public Street, and provide a model for future coordinated land improvement strategy for the Howard Street Corridor. use and surface transit investment in Baltimore. The intent of this study, which was conducted for over
■ Pilot Agreement Approved for Parcel P at Inner Harbor East. Expand the Tax Base by Creating New 408-416 North Howard Street ■ 05 BDC issues RFP for Inner Harbor marina. Real Estate Development Opportunities D 2004 58 59
The results of this study will provide a framework Lexington Street in exchange for five properties on for an Intergovernmental Agreement between the the north side of West Lexington Street which the Maryland Transit Administration, the Baltimore City City conveyed to C-W Superblock, LLC (The Cordish Department of Transportation and BDC for the design, Company and The Harry and Jeanette Weinberg construction and operation of certain transit, city street Foundation). This land exchange permits redevelopment and development improvements related to the Howard of the north side of the 200 block of West Lexington Street corridor. Street by C-W Superblock, LLC to move forward.
Agreement to Implement Westside Demolition Disposition Lot 28 Memorandum of Understanding In August 2009, the Baltimore City Department of BDC facilitated Board of Estimates approval for General Services, in partnership with the Baltimore the Agreement to Implement the Memorandum of City Department of Public Works and BDC, issued a bid Understanding between the City of Baltimore and proposal for a demolition contract for the 200 block of The Harry and Jeanette Weinberg Foundation, which West Lexington Street. Eight responses were received allowed the City to acquire from the Foundation 11 with the Board of Estimates awarding the contract to properties for $12.4 million on the south side of West P&J Contractors.
■ BDC Issues RFP for Charles North Urban Revitalization Area. Expand the Tax Base by Creating New Howard Street Corridor ■ Continental Realty Corporation/Big Mac Properties selected 05 Real Estate Development Opportunities to redevelop Oldtown Mall Area. D ■ BDC/BOPA issue RFP for Pier Six Concert Pavilion. 2005 60 61
Charles North (Former Parkway Theatre)
BDC announced in December 2009 an Exclusive properties, located within Charles North, the Station Negotiating Privilege (ENP) with the development team North Arts and Entertainment District and the City’s of Seawall Development Company (Donald and Thibault Enterprise Zone, for redevelopment. Manekin) and Cormony Development LLC (Samuel Polakoff) for the Parkway Theatre redevelopment project The Parkway Theatre was designed by Oliver B. Wright (1820 North Charles Street, 1 West North Avenue and and patterned after the West End Theatre in London. 3 West North Avenue-the former Parkway Theatre). It was acquired in 1926 by the Loews organization Seawall and Cormony have proposed a $12.2 million and extensively remodeled. Movies remained the mixed-use project, featuring a 26,189 square foot build- mainstay until the theatre was acquired and closed in out incorporating the three properties into a seamless 1952. It reopened in 1956 as the Five West Art Theatre, development celebrating the arts. The team’s design continuing operations into the mid 1970’s when it again incorporates a performing arts venue, bar, museum closed, until the early 1990’s when an attempt was made and related support space. Through a Request for to open commercial office space in the theatre. It has Proposals issued in May 2009, BDC offered the three remained vacant since 1998.
Seton Business Park (New Psalmist Baptist Church Expansion)
Construction of New Psalmist Baptist Church’s new which is expected to be completed in fall 2010. BDC $50 million home in Seton Business Park is underway. facilitated the land sale between the City of Baltimore The state-of-the-art church complex, located on Marian and New Psalmist and continues to provide assistance Drive in Northwest Baltimore, includes a 3,500 seat for the project. sanctuary, offices and banquet hall for its congregation,
■ Plans for Baltimore’s Westside Superblock move forward with RFPs for various westside properties. Support Cultural Former Parkway Theatre 06 Resources / Institutions ■ Four teams selected to design concept plan for D Pratt Street Open Spaces. 2006 62 63
Inner Harbor
BDC, through its role as Inner Harbor Coordinator, Other 2009 highlights include: 1) Through a Wharfage assisted in helping to bring new and exciting changes to Agreement negotiated by BDC, Watermark, an Baltimore’s Inner Harbor, continuing its reputation as a Annapolis-based, women-owned cruise company, premier attraction for tourists and residents alike. Over began regularly scheduled public cruises at the Inner $2 million of capital projects were completed in 2009. Harbor Finger Piers; 2) BDC negotiated a new lease With assistance from BDC and that of private donors, with Ben & Jerry’s Ice Cream for their kiosk along the the Baltimore City Department of Recreation and Parks Inner Harbor promenade, resulting in new permanent completed the Walter Sondheim Fountain at West Shore signage, standard operating hours, and a seasonal Park. The $1.3 million interactive fountain project was rent structure more suitable to the location; 3) On July an instant success, becoming a destination for people 31, 2009, BDC issued a Request for Expressions of of all ages. BDC also worked closely with the Waterfront Interest for the operation of an amusement attraction Partnership of Baltimore, Inc. to develop sustainability at the existing carousel location; three responses were guidelines for waterfront projects and operations. received; and 4) BDC secured a $25,000 grant from the Located adjacent to the Visitor’s Center, the City, on Maryland Department of Natural Resources to install November 2, 2009, unveiled a statue and garden for a camera system at the City’s Dockmaster Office, William Donald Schaefer, honoring the former Mayor, allowing the Dockmaster to monitor boat traffic and Governor and State Comptroller for his leadership, docking from Fells Point to the Inner Harbor. public service and accomplishments. BDC collaborated with the Baltimore Office of Promotion & The Arts on the design and construction of the project.
■ An RFP is issued for Liberty Clay site within the Westside Superblock and redesign of Rash Field. Support Cultural The Waterfront Promenade, Inner Harbor 06 Resources / Institutions Walter Sondheim Fountain, Inner Harbor ■ BDC names new executive vice president and D Main Streets director. 2007 64 65
Pennsylvania Avenue (Former Sphinx Club)
Following a BDC-conducted Request for Proposals that would be created inside the former Sphinx Club at (RFP) process. Druid Heights Community Development 2105-2107 Pennsylvania Avenue. Additional elements Corporation (DHCDC), a non-profit, community- of the project would be incubator office space for start- based development organization, was awarded the up companies and an outdoor dining area. The Sphinx redevelopment rights to the former Sphinx Club Club façade would be restored to its 1940’s appearance, site at 2101-2111 Pennsylvania Avenue in the Druid while the 5,375 square foot museum would be housed Heights community A vital piece of Baltimore’s African in a new structure at 2101 Pennsylvania Avenue. American heritage and culture, the 12,000 square foot site, consisting of six commercial properties on the Pennsylvania Avenue (“The Avenue”) was known northeast corner of the Pennsylvania Avenue/Bloom worldwide for its jazz clubs, theaters and nightclubs Street intersection in West Baltimore, is part of the as the heart of African American entertainment in Upton Urban Renewal Plan. Baltimore. The former Royal Theater hosted many of the great musicians of the 1920’s to 1960’s. The Sphinx DHCDC has proposed a $4.1 million, 18,650 square foot Club, a private club known for its after-show parties mixed-use project consisting of a three-story BALL where jazz greats congregated with local celebrities, (Black Athletes and Lost Legends) House Museum, opened in 1946 and closed nearly 50 years later in 1992. which would contain displays about Negro League teams that played before major league baseball BDC has entered into an Exclusive Negotiating Privilege admitted African Americans. The museum would be (ENP) with Druid Heights Community Development connected to the Negro League Café at the Sphinx Corporation for the project. Club, a sports bar, restaurant and performance venue
Space for the vital warehouse/distribution Support Cultural Above left: current Sphinx Club site sector is expanded by facilitating the creation 06 of two new business parks: Chesapeake Resources / Institutions Above right & below: proposed redevelopment D Commerce Center and Hollander 95. 2007 66 67
Port Discovery Children’s Museum – Royal Farms Convenience Store and Fill’er Up Station Exhibit
BDC, on behalf of the City of Baltimore, has worked to pretend to be a store clerk or customer. Activities with Port Discovery from its inception. In December include a check out counter with operating bar code 1998, BDC negotiated the lease of the former Fish scanners and cash registers; canned and packaged Market building to Port Discovery. Rehabilitation of the food; fruit and “fresh food” station; a refrigerator that structure was a $32 million project, of which, the City moos when you open the door, and life-size Volkswagen contributed a $5 million loan facilitated by BDC. Beetle that children can pump the tires with air and fill the gas tank with a life-size gas pump. Royal Farms On January 24, 2009, the Royal Farms Convenience funded the entire project and has made an annual Store and Fill’er Up Station exhibit opened at Port commitment to provide additional funds to cover the Discovery Children’s Museum. The exhibit utilizes cost of maintenance for five-years. Since opening in dramatic play to address health, wellness and early 2009, well over 171,000 people have enjoyed consumerism while applying math, science, reading and this exhibit. For the creation of this educational and social studies skills and knowledge for children ages interactive exhibit, and for giving back to the Baltimore 2 through 10. The exhibit features several interactive community, Royal Farms was the recipient of a Mayor’s activity stations that provide children the opportunity Business Recognition Award in December 2009.
BDC offers the former Sphinx Club for redevelopment. 06 Support Cultural Port Discovery Children’s Museum Resources / Institutions D 2008 68 69
CORPORATION
Integrity and professionalism. These are principles that lead to the long term success of any business. Never before have these principles been so important to local and global economies. As witnessed by the upward arrows within our financial report, when ethical business practices are combined with hard work and creativity, successes are achieved – even in the most challenging of economic times.
C 70 71 2009 BDC Results
Type of Public Assistance Company Jobs Total Capital Type of Public Company Jobs Total Capital Type of Public Company Jobs Type of Public Company Jobs Total Capital Investment $ Assistance Investment $ Assistance Assistance Investment $
25,000 - Neighborhood Business My Flag Fish Market 8 105,000.00 FIG Doc’s 4 5,180.00 Business Incubation Cardioxyl Pharmaceuticals, Inc. 2 HLMS FIG Lakein’s Jewelry 3 891.00 Works and 5,000 BDC FIG Gallery 788 9,000.00 Chesapeake Sustainable 1 Land Disposition City Center LLC 140 80,000,000.00 Business Alliance Agreement (LDA) Little Scholars Daycare 4 440.00 BMS Design Funds Clementine 11 23,775.00 cmdLabs 3 Land Sale Emergent BioSolutions 125 250,000.00 Los Compadres 4 4,225.00 Hamilton Gallery 15 6,456.45 E21 LLC 1 License and Cordish Company 5,000.00 Maintenance Agreement Tenzo: Art Within Pastry 3 1,900.00 Hamilton Physical 2 9,432.00 GreenSpacers LLC 1 Therapy Modification of TIF Johns Hopkins Univerisity 12,500,000.00 13.5% Wine Bar 12 5,886.00 and Profit Sharing Heekya, Inc. 2 Lulu’s Off Broadway 9,000.00 Agreements Apothecary Wellness 4 2,905.00 Hospitality Technology Group 3 Soft Touch Photo 4 4,913.72 Neighborhood Business BB&T Bank 5 91,828.93 Arlington Variety Store 3 7,900.00 Works Thames Street Fashion 2 9,535.10 Juxtopia, LLC 7 Neighborhood Business BENI 8 21,116.00 Beauty Salon 4 3,307.00 Vacant - former 9,800.00 Localist.com 3 Works Shockers Building Cutting Image Barber Shop 2 3,883.00 Phase I & II Mayor and City Council MyCity4Her, Inc. 1 Wharf Rat 11 5,123.70 Environmental Site Earth Alley-(All natural 3 1,730.00 Assessment products) MyStudentGroups LLC 1 Phase I Environmental MCPA Golden City/Three Kings 2 15,900.00 Network360, LLC 1 Brownfields Tax Credit 2100 Van Deman LLC 42 7,000,000.00 Site Assessment of Egypt Nuvo Technologies LLC 2 PILOT Legg Mason 550 50 548,000,000.00 Elm Street Development 62,000,000.00 Mortgage Bank of America 2 4,935.00 Security Technology Initiative 1 Wharfage Agreement Watermark Cruises 15 1,000,000.00 Oumou’s African Hair 4 3,307.00 Community Legacy Alberto’s Spa 4 36,325.00 Braiding Square Feet, LLC 5 Patrice Smith 2 5,995.00 Dr. Christopher 6 12,350.00 Storyfarm New Media, Inc. 3 Patrick Sutton Home 4 2 5,800.00
Washington 784 LLC 2 5,878.00 Business Assistance Bravo Health 480 220
Concord Associates, Inc. 30
CyberPoint 35 International Definitions Design & Integration 14 Attraction Bringing new business into the City Downtown Defined as the area bounded by Interstate 83 to the east, L o an Direct financial assistance via a loan of public dollars including EBA Engineering 137 Pratt Street and the Inner Harbor to the south, and Martin Luther King Jr. funding sources such as local economic development bond funds, Expansion Expanding existing business in the City of Baltimore Boulevard to the west and north State and Federal funds provided to the City for economic development Excel Machine & 25 investment Fabrication BMS Design Funds City funds dedicated to Baltimore Main Streets ETC Emerging Technology Centers Design projects Neighborhood Business Works Funds from the Maryland State Department Fiber Electronics 12 12 Enterprise Zone Tax Credits Real property and employment based State of Housing & Community Development’s Department of Neighborhood of Maryland and City of Baltimore tax credit Revitalization for building rehabilitation such as facades, interior rehab, etc. Nurad 110 Brownfields Tax Credit Real property City tax credit based on environmental cleanup FIG Façade Improvement Grant matching a business owner’s capital with PILOT Payment in Lieu of Taxes RSM McGladrey 220 Business Assistance Any assistance provided by BDC, non-monetary, public dollars to facilitate façade improvements benefiting the business New York Fried Chicken 6 that assists a company in its decision to stay in Baltimore, expand and the commercial corridor as a whole Projected new jobs in Baltimore, or locate in Baltimore. Assistance can range from site Allegiance 1 selection to building permits FTZ Foreign Trade Zone Retention Keeping existing business in the City of Baltimore NanoSolutions LLC Business Incubation Business assistance provided directly to new and Jobs retained TIF Tax Increment Financing Amed Genomics 1 emerging companies through the Emerging Technology Centers program Corporation Land Disposition Sale of publicly owned property by BDC on behalf of the Total Projected Capital Investment Total capital dollars invested in a Avance’ IT Solutions LLC 2 Community Legacy Funds from the Maryland State Department of Housing Mayor and City Council of Baltimore project as estimated by the company & Community Development’s Department of Neighborhood Revitalization Beehive Baltimore LLC 5 for building rehabilitation such as facades, interior rehab, etc. L e a s e Lease of publicly owned property by BDC on behalf of the Mayor and City Council of Baltimore C 72 73 2009 BDC Results Statement of Statement of ACtivities
Type of Public Assistance Financial PositioN and change in net assetS Enterprise Zone Tax Credits June 30, 2009 & 2008 Years ended June 30, 2009 & 2008 Company Jobs Total Capital Company Jobs Total Capital Company Jobs Total Capital Investment $ Investment $ Investment $ 2009 2008 2009 2008 724 Partners L.L.P. 20,600.00 Fat Cat Studios, Inc. Priority Care Pharmacy Assets Baltimore City Funds:
800 Development 1 2 21,900.00 Four Forces Daily Grind, LLC 12 10 Pro Comp Realtors 5 169,900.00 Cash and cash equivalents $ 5,174,061 $ 3,913,924 General funds $ 5,083,472 $ 3,678,617 Corporation (1) City bond funds 3,931,339 3,875,908 G & J Development, LLC 15 1,250,000.00 Ropewalk Properties, LLC 783,150.00 Loans receivable, net of 2,230,933 2,858,778 800 S. Broadway Assoc. L.P. 300,600.00 allowance for doubtful Mayor and City Council 2,121,364 2,681,598 Govans Ecumenical 12,196,000.00 RWN 102-110 Saint Paul 12 7,885,850.00 accounts of $168,320 and real property funds 938 Conkling LLC 40 Development Corporation Street LLC DBA Bluehill Tavern $215,177 as of June 30, 2009 Harbor East Parcel D - 116,753,168.00 SmartLogic Solutions, LLC 3 5 and 2008, respectively Total Baltimore City Funds 11,136,175 10,236,123 4709 Harford, LLC 1 356,000.00 Commercial, LLC Soft Touch Photography by 92,281.00 Other receivables and 779,711 952,108 Arbor Investment 406,000.00 Harbor East Parcel D - 74,380,051.00 Cynthia, Inc. investments Property, LLC Garage Federal funds 172,481 669,818 Stalking Horse, LLC 1,707,526.00 Prepaid expenses and 63,622 155,610 AutoFlex, Inc. 1 25 1,365,000.00 Harbor East Parcel D - 134,924,356.00 deposits State funds 810,769 421,698 Hotel, LLC Avalon Industries, Inc. 30 160,000.00 Steady Baltimore, Inc. 1 116,250.00 Interest income 213,208 215,693 Harbor East Parcel D - 13,397,395.00 Total assets 8,248,327 7,880,420 Barcelona Nut Company Retail 2, LLC Stifel, Nicholaus & 258 19 Other fees 603,565 938,809 502 S Mount Company, Inc. Harbor East Parcel D - 4,302,709.00 Private grants 4,808 27,332 Bayview Partners, LLC 20,000,000.00 Retail, LLC The Parkside Restaurant 4 50,000.00 Corporation 1,804,831 2,273,350 Belvedere Podiatry 2 1 85,000.00 Harris Teeter, Inc. 60 11,000,000.00 Liabilities and Net Assets Titan Custom Cabinet & Total revenues 12,941,006 12,509,473 Accounts payable and accrued 2,681,306 1,251,273 Caribbean Variety Store 3 KAMP Inc. dba Celie’s 2 1 Woodworking Waterfront Inn expenses Charles Street Holdings, Two Farms Inc. 20 3,000,000.00 LLC1 L. Cabrera Inc. 2 475,000.00 t/a Royal Farms Other payables 271,158 510,594 Payroll and payroll related, 4,722,141 4,433,245 /Lauraville House including temporary help fees Chesapeake Paperboard 118,900,000.00 Two Farms Inc. 20 6,000,000.00 Loans payable - 750,000 t/a Royal Farms #138 Occupancy 425,016 504,508 Centre LLC Len The Plumber, Inc. 50 3 1,900,000.00 Total liabilities 2,952,464 2,511,867 Two Farms Inc. 20 6,000,000.00 Supplies 86,322 92,976 Chesapeake Paperboard Los Amigos Restaurant 6 2 475,000.00 Centre LLC1 t/a Royal Farms #153 Travel 76,835 53,836 Net assets – Chesapeake Paperboard Monument Cleaners 230,000.00 Two Farms, Inc. 20 6,000,000.00 Professional fees 75,803 68,027 Centre LLC2 t/a Royal Farms #50 Unrestricted: Available for 2,316,573 2,462,692 New Vision Property 495,000.00 Cristo Rey Jesuit 4 28 7,000,000.00 Management LLC 1 Union Box Company, LLC 2 general activities Software support 59,122 63,046 High School New Vision Property 366,000.00 Urban Pirates 2 Loan funds 2,548,964 2,548,964 Bad debts 50,453 36,727 Dixie Pulp & Paper 4 5 Management, LLC Investment funds 430,326 356,897 Miscellaneous 50,108 53,462 Waverly Ace Hardware 10 6 Domenic Petrucci Building 7 4 1,070,000.00 Oasis Design Group, Inc. 6 Total net assets 5,295,863 5,368,553 Repairs and maintenance 48,901 37,448 Supply, LLC Whetstone Grill, Inc. 3 600,000.00 Pennoni Associates, Inc. 8 Total liabilities and net assets $ 8,248,327 $ 7,880,420 Staff development 47,190 35,071 Donahoo Collision 20 40 3,200,000.00 WindCurrent LLC 2 1 Center, LLC Phillips Foods 216 30 Telephone 44,448 40,767 Dr. William Leboe 5 Insurance 7,454 8,007 PNC 7 (dental office) Capital expenditures 7,319,903 7,329,381 Elfegne Cafe Total expenses 13,013,696 12,756,501 (72,690) (247,028) Transfer of loan program – (200,000) To t a l s : 2152 1323 $1,268,623,654 to funding source Change in net assets (72,690) (447,028) Net assets – beginning 5,368,553 5,815,581 Net assets – ending $ 5,295,863 $ 5,368,553 C 74 75 Distribution of BDC Projects Jobs created and retained through bdc efforts
2009 2,152 1,323 3,475
2008 1,514 2,030 3,313
2007 1,804 1,092 2,896
2006 3,185 811 3,996
2005 2,149 1,798 3,947 % % 6 DOWNTOWN 2004 3,553 1,279 94IN NEIGHBORHOODS 4,832
2003 1,724 963 2,687
2002 2,988 3,518 6,506
2001 3,314 3,391 6,705
Jobs retained Jobs created
C 76 77 Board Member Directory Staff Directory (at the time of printing)
Leadership Geographical East M.J. “Jay” Brodie, President Arnold Williams, CPA Darrell A. Doan, Director of Economic Development – East Managing Director Atwood “Woody” Collins III Kimberly A. Clark, Executive Vice President Colin D. Tarbert, Senior Economic Development Officer Abrams, Foster, Maria E. Beckett President & COO Jeffrey P. Pillas, Vice President & Chief Financial Officer Terrance E. Hancock, Senior Economic Development Officer Nole & Williams, P.A. President M&T Bank, Mid-Atlantic Nancy S. Jordan-Howard, Chief Operating Officer BDC Board Chairman Maricom Systems, Inc. Division Marianne P. Navarro, Senior Economic Development Officer Taronda Wagstaff, Executive Assistant to M.J. “Jay” Brodie Kerry M. DeVilbiss, Economic Development Officer Plushette A. Sullivan, Executive Assistant to Kimberly A. Clark
Geographical West Administration Phil E. Croskey, Director of Economic Development – West Joann T. Logan, Director of Public Relations Gilberto de Jesus, Jason B. Schwartzberg, Economic Development Officer Sandra E. Blake, Director of Government Relations Esquire Paul T. Clary, Economic Development Officer Tracy F. McIlwain, Management Information Systems Administrator Armentha Cruise Clinton R. Daly Maryland Hispanic Katie A. Giordano, Economic Development Officer President & CEO Partner Chamber of Commerce Lenea N. Armstrong, Executive Administrative/Marketing Assistant Michelle L. Edmisten, Administrative Assistant The Aspen Group, Inc. Brown Advisory Board of Directors Yvonne Butler, Receptionist Josephine E. Murdock, Executive Administrative Assistant Industrial Development Larysa A. Salamacha, Managing Director of Industrial Development Business Development Gary E. Suskauer, Director of Brownfields Initiative / Policy Analyst Andrew B. Frank Richard L. Escalante, Director of Business Development st Elizabeth A. Weiblen Hines, Director of Foreign Trade Zone #74 / Deborah Hunt Devan, 1 Deputy Mayor Christopher P. Moyer, Director of Business Development Esquire Office of Neighborhood Edward J. Gallagher Enterprise Zone Administrator and BRAC Zone Administrator Attorney and Economic Director Roseann Walsh, Senior Economic Development Officer Commercial Revitalization Neuberger, Quinn, Gielen, Development Baltimore CIty Elizabeth H. Goetzinger, Administrative Assistant Rubin & Gibber, P.A. Office of the Mayor Department of Finance William L. Beckford, Managing Director of Commercial Revitalization Donna J. Langley, Director of Baltimore Main Streets Maglev Maryland Nicholas V. Rudolph, Business District Specialist, Paul T. Graziano Phyllis M. Wilkins, Executive Director Baltimore Main Streets Commissioner, Mica J. Fetz, Business District Specialist, Baltimore Main Streets Baltimore City Department Planning & Design Gaylord M. Dutton, Business District Specialist, of Housing & Community Paul J. M. Dombrowski, Director of Planning & Design Development and Bert J. Hash, Jr. Baltimore Main Streets Ben J. Stone, Architectural Designer/Planner Francis X. Gallagher, Jr. Executive Director, President & CEO Kristen E. Mitchell, Senior Economic Development Officer Managing Director Housing Authority of Municipal Employees Robert A. Williams, Architectural Assistant Leon F. Pinkett, III, Senior Economic Development Officer Stifel Nicolaus Baltimore City Credit Union of Baltimore Diane E. Scott, Administrative Assistant David R. Garza, Economic Development Officer Mary J. Klipa, Administrative Assistant Small Business Resource Center (SBRC) Paul E. Taylor, Director of the Small Business Resource Center Emerging Technology Centers (ETC) Lisa A. Edwards, Manager R. Ann Lansinger, President Carla A. Nelson Iris Carter, Receptionist Kenneth V. Moreland Director Brian K. Tracey Neil R. Davis, Vice President for Operations Fulya Gursel, Director of Marketing Vice President & Chief Mayor’s Office of Minority Senior Vice President Special Projects Financial Officer and Women-Owned Bank of America V. Lynn Slone, Property Manager Irene E. Van Sant, Director of Special Projects T. Rowe Price Business Development Merrill Lynch Valerie E. Ellis, Administrative Assistant Arlisa W. Anderson, Senior Project Analyst
Finance & Accounting Credits Westside Initiative David P. Adamski, Controller Kathy A. L. Robertson, Director of the Westside Initiative Project Managers Design Karen L. Bailey-Young, Full Charge Bookkeeper Joann Logan, Director of Public Relations • Nancy Jordan-Howard, Chief Operating Officer illume communications John R. Thompson, Economic Development Officer Betty J. O’Carroll, Accounts Payable Clerk Michelle L. Edmisten, Administrative Assistant Writing Photography Kimberly L. Taylor, Accounting Clerk Joann Logan • Staff of the Baltimore Development Corporation • illume communications Rodney Carroll • Richard Escalante • Justin Gladden • illume communications (Baltimore, Development and Corporation section dividers) Richard Lippenholz • The Bozzuto Group C 36 South Charles Street, Suite 1600 Baltimore, Maryland 21201-3015 tel 410 837 9305 fax 410 837 6383 www.baltimoredevelopment.com