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 Economic Development News 
Thursday, March 14 2019

Company projects a total of 575 workers at Elkton facility by 2023

Baltimore, MD -- Northrop Grumman, a global security company that designs, builds, and delivers space, defense, and aviation-related systems, is expanding its manufacturing operations in Cecil County and plans to add 175 new jobs over the next five years. This operating sector of the company, which was known as Orbital ATK before it was purchased by Northrop Grumman Corp. last year, currently operates in Elkton where it employs 400 workers.

“Our team in Elkton has delivered rocket motors for space launch and military applications for 70 years,” said Mike Kahn, vice president and general manager, Northrop Grumman. “We are extremely pleased that the state of Maryland will be supporting investments in both infrastructure and in our workforce. Our continued partnership with both the state and county will ensure that the Elkton operation will continue to provide innovative technology to NASA and the Department of Defense for many years to come.”

Posted by: AT 01:12 pm   |  Permalink   |  Email
Thursday, January 17 2019

Leader in cancer treatment will also have R&D, manufacturing in new Rockville facility, will create 170 jobs

Baltimore, MD — Maryland joined with Montgomery County to announce support for the new U.S. headquarters of Autolus, a U.K.-based biopharmaceutical company focused on discovering and developing treatments for cancer. The company plans to create approximately 170 new jobs by 2021. A leader in T-cell programming and manufacturing technology, the company will also have research and development and manufacturing operations in Rockville.

“Autolus is delighted to base its U.S. headquarters in Montgomery County, Maryland. With its educated and diverse workforce and proximity to world-class research facilities and universities, Montgomery County was the natural choice for us to base our U.S. hub,” said Matthias Alder, senior vice president and chief business officer of Autolus.

Posted by: AT 10:09 am   |  Permalink   |  Email
Thursday, April 20 2017

​​Manufacturing Support Industries Will Expand Its Operations in Salisbury to Increase Production

Baltimore, MD — Manufacturing Support Industries, Inc. (MSI) a manufacturer of precision components for the defense industry, is expanding its operations in Salisbury. As part of a strategic affiliation with Craig Technologies in Seaford, Del., a leading manufacturer of precision ground plastic balls and custom injection molded parts, product lines are being integrated at MSI’s Salisbury facility, which will add 42 new jobs over the next three years. 

“We have always been proud to produce quality components for the Department of Defense,” said MSI President Robert Correa. “These investments will allow us to continue this important work well into the future.”

“We are expanding the capabilities of MSI,” said Craig Technologies President Don Hollenbeck. “The integration of our tool and die facilities and our molding capabilities coupled with the machining capabilities of MSI will allow MSI to become more competitive.”

Posted by: AT 10:00 am   |  Permalink   |  Email
Thursday, October 20 2016

New state-of-the-art facility in downtown Bethesda will house about 3,500 corporate jobs, and solidify iconic company’s presence in state for decades

Baltimore, MD -- Marriott International, Inc., the world’s leading hotel company, announced plans to relocate its global corporate office to a state-of-the-art, build-to-suit $600-million facility to be located in downtown Bethesda in Montgomery County. The county has been Marriott’s home for more than 60 years. The new complex will house more than 3,500 employees in approximately 700,000 squa​​re feet of leased office space. The company is continuing its consideration of several sites in downtown Bethesda, and is expected to select a final site in the first half of 2017. Marriott plans to occupy the new space before the expiration of its current lease at 10400 Fernwood Road in late 2022. Marriott also announced that a 200+ room, Marriott-branded hotel will be built on the site. 

As part of the announcement, Marriott President and CEO Arne Sorenson said, “Marriott has been headquartered in Montgomery County, Maryland for more than 60 years and we intend to remain close to our roots. 

Posted by: AT 01:24 pm   |  Permalink   |  Email
Friday, April 22 2016

​One of Region’s Oldest and Largest Commercial Real Estate Firms Picks Bethesda for Future Growth

Baltimore, MD -- The Donohoe Companies, one of the region’s oldest family-owned commercial real estate companies, is relocating its corporate headquarters as well as its construction, real estate, hospitality, and dev​elopment divisions from Washington, D.C. to Maryland. The 132-year old company has signed a lease for office space along Wisconsin Avenue in Bethesda, will move 240 employees to Maryland later this year, and plans for continued job growth companywide.  

“Our continued growth and success has paved the way for expansion into larger, new, vibrant offices in Montgomery County’s urban core – Bethesda,” said Chris Bruch, president and chief operating officer of The Donohoe Companies. “With this move we are proud to plant roots in Bethesda, a thriving business district, as well as maintain a significant presence in the District where the business began in 1884.”

Posted by: AT 10:50 am   |  Permalink   |  Email
Friday, April 22 2016

Global linen and uniform rental service hired 40, plans to add 30 more jobs in the state
Baltimore, MD -- Alsco​, a family-owned-and-operated linen supplier with 150 global locations, has relocated its laundry processing facility from Washington, D.C. to Prince George’s County. The company recently hired more than 40 employees at its new facility in Lanham, bringing their current employment at that facility to 225, and anticipates creating 30 more jobs by the end of the year. The company will host a grand opening for its new Maryland facility next week.​
The 84,000-square-foot space, located at 4900 Philadelphia Way in Lanham, includes state-of-the-art systems that process more than 125,000 pounds of laundry each day. The Lanham facility currently services nearly 1,600 customers in Maryland and Washington, D.C.

Posted by: AT 10:40 am   |  Permalink   |  Email
Monday, December 14 2015
Matan Breaks Ground on 675,000 Square Feet of Spec Warehouse

Wedgewood West is a six building park totaling 675,000 square feet of 30’ clear warehouse space in Frederick, Maryland
Frederick, MD -- Matan Companies is officially under construction on its new six building, 675,000 square foot Wedgewood West Business Park at the corner of New Design Road and English Muffin Way in Frederick, Maryland. 
Officials from Frederick County, Matan Companies, M&T Bank, and Morgan Keller, the project’s contracted construction company, held an official groundbreaking ceremony last week to celebrate the start of construction.
The first phase of the project, which is the construction of 180,000 square feet in two buildings (B & F), is projected to be completed in the summer of 2016. The remaining four buildings, which make up phase two, will begin delivery in early 2017.

Posted by: AT 10:00 am   |  Permalink   |  Email
Friday, October 16 2015

Charles County, MD -- The Department of Economic Development announced it will develop a five-year Charles County Economic Development Strategic Plan, in partnership with Development Counsellors International (DCI) and Garner Economics LLC. The purpose of the plan is to provide the county with an action plan to improve business competitiveness, leverage the county’s assets to strengthen existing businesses, and identify new investment opportunities.

“Charles County has immense potential for economic prosperity and growth, but we need concrete action steps to ensure our efforts have continuity and maintain momentum,” said Darrell Brown, director for the Department of Economic Development. “The economic development strategic plan will prioritize where we place our future resources, and it will provide the roadmap necessary to stay on course.”

Posted by: AT 09:18 am   |  Permalink   |  Email
Wednesday, October 14 2015
Matan Begins Ground on Westview South Retail

Frederick, MD -- Matan Companies, one of the region’s premier commercial real estate and development firms, announced that it has broken ground on a new 20,750 square foot, two-building Class A retail project at its Westview South campus in Frederick.
The self-contained Westview South campus is a true ‘live, work, play’ environment, strategically located along the Route 85 Corridor with easy access to major interstates I-70 and I-270.  Westview South is within walking distance of a thriving amenity base and offers a park-like setting with 31 acres of preserved green space and walking trails along Ballenger Creek.

Posted by: AT 09:00 am   |  Permalink   |  Email
Monday, October 05 2015
Matan's Proposed Renn Project Receives Major Rezoning Approval

Frederick, MD -- Last Thursday, by a vote of 5 to 0, the Mayor & Board of Frederick City approved the rezoning and master plan for Matan Companies’ Renn Property – a mixed-use project consisting of 1,050 residential units, 105,000 square feet of retail, and 73 acres of dedicated parkland – located adjacent to the Carroll Creek Project and the Linear Park in Downtown Frederick.

“We are thrilled with the vote, this is a major step forward for the city of Frederick,” said Mark Matan, Principal for the Matan Companies. “The Renn Farm rezoning represents the culmination of over 10 years worth of public and private efforts to create a revitalized Downtown with a major walkable neighborhood.”

Posted by: AT 03:48 pm   |  Permalink   |  Email
Monday, June 15 2015
Matan Begins Demolition of Frederick Trading Center in Preparation for Wal-mart Supercenter

(Pictured left to right are Pete Ireland, Project Manager and Karl Morris, Director of Development)

Wal-Mart Slated to Open Doors in Early Fall of 2016

Frederick, MD -- Construction is currently underway for the new 190,000 square foot Wal-Mart Supercenter, to be built in Frederick on the northwest corner of Monocacy Boulevard and Route 26.
The Frederick Trading Center, where the Wal-Mart Supercenter will be located, was acquired by Matan Companies in 2010 with a vision for redevelopment. After several years of working with city residents, staff, and officials to gain approval, the developer has been given the green light to begin construction. “This redevelopment was truly a collaborative effort between Wal-Mart, the City of Frederick, and most importantly, the surrounding neighbors,” said Karl Morris, Director of Development. “We are excited to see this redevelopment move to the next stage.”
In addition to the Wal-Mart Supercenter, 3 pad sites on the front of the project will complete the redevelopment. Currently, Matan is at final lease negotiations with Chick-fil-A to occupy the corner pad, with a strong groundswell of interest in the other sites as well. The 2 remaining pads are ideal for bank, convenience, food service, and many other retail businesses.
“We couldn’t be more excited to welcome Wal-Mart to our site,” said JP Matan, Director of Leasing for Matan Companies. “The combination of Wal-Mart and Chick-fil-A is one that will provide a perfect bookend compliment to the Wegman’s anchored site to our west. The completion and opening of Wal-Mart will solidify the 26 corridor as a bona fide regional retail powerhouse.”
Demolition should be completed later this summer with Wal-Mart slated to open its doors in early fall of 2016.
About Matan Companies
For over 35 years Matan Companies has been a leading real estate investor and active community member in the Washington, DC area.  Built on a foundation of prominent local presence, long-standing relationships, and well developed market knowledge, Matan has directed and invested in over 2 billion dollars’ worth of real estate transactions in the Washington, DC market.
Their full-service approach sets them apart from most real estate investors. With in-house capabilities including asset management, property management, leasing, and development, Matan can expertly manage each asset, adding value and maximizing returns. Their current portfolio consists of over 5.5 million square feet of office/industrial assets, 3 million square feet in the development pipeline, several active residential developments, and a separate portfolio of multifamily units. For the latest news from Matan Companies, please visit

Posted by: AT 11:35 am   |  Permalink   |  Email
Tuesday, February 24 2015

Gaithersburg, MD -- The U.S. Commerce Department’s National Institute of Standards and Technology (NIST) announced the award of new cooperative agreements to 10 nonprofit organizations and universities to manage Hollings Manufacturing Extension Partnership (MEP) centers. NIST’s MEP program helps small- and mid-size manufacturers create and retain jobs, increase profits and save time and money. In an open competition, the existing MEP centers in Colorado, Connecticut, Indiana, Michigan, New Hampshire, North Carolina, Oregon, Tennessee, Texas and Virginia, were selected to receive a total of $26 million in federal funding, an increase of about $10 million or nearly 60 percent. The funding will allow the centers to reach new customers and offer new services.

“We are excited to award new agreements that bring increased funding levels to better meet the needs of manufacturers in these 10 states,” said Acting Under Secretary of Commerce for Standards and Technology and Acting NIST Director Willie May. “These awards will allow the centers to help more manufacturers reach their goals in growth and innovation, which will have a positive impact on both their communities and the U.S. economy.” Read Full Story...

Posted by: AT 03:06 pm   |  Permalink   |  Email
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