BNET Industries

Maryland Economic Development Corp.

is in the Business Services Industry

Last Fiscal Year Sales:$27.0M
  • Private
  • US
Dow Jones Description

Maryland Economic Development Corporation (MEDCO), which functions under the provisions of Title 10, Subtitle 1 of the Economic Development Article, Annotated Code of Maryland 2008, is a body politic and corporate and is constituted as a public instrumentality of the State of Maryland. The purpose of MEDCO is to assist in the expansion, modernization and retention of existing Maryland business and to attract new business to the State. Businesses seeking to expand or relocate into Maryland regularly turn to MEDCO as a resource. MEDCO also assists, upon request, local jurisdiction projects. MEDCO borrows money and issues bonds for the purpose of providing financial assistance. MEDCO structures its transactions on a non-recourse basis. Neither the State of Maryland, state agencies, nor MEDCO are responsible for the repayment of the bonds that are issued by MEDCO. MEDCO is an eligible borrower and recipient of funds from the Maryland Department of Business and Economic Development. MEDCO supports its operations from fee charges on its various projects and does not receive public funding for its operations. MEDCO's projects seek to increase productive employment in Maryland and expand the State's economy and tax base. Since fiscal year 1995, there has been a significant increase in MEDCO business. Assets have increased as shown:

Executive Director
Robert Brennan
Number of Employees 15
Contact Information

100 N Charles St

Baltimore, Maryland 21201-3108

www.medco-corp....

(410) 625-0051

NAICS Code Administrative Management and General Management Consulting Services: 541611

News & Analysis

maryland economic development corp. - All News and Analysis

Decision Makers

Name (plus bio) Position
Robert Brennan Executive Director
David D. Robinson Assistant Director of Development
Jeff Wilke Assistant Director, Bond Financing
Susan Zimmerman Whitman Assistant Director
Phyllis Gambrell Special Projects Manager
James Miller Assistant Controller
Patricia Keane Assistant Controller
Randall Shields Controller
Charlotte Trainor Administrative Assistant
John Genakos Business Relationship Coordinator
Ruth Anderson Receptionist

Board of Directors

Name (plus bio) Position
Leonard R. Sachs Chairman
Barbara G. Buehl Board of Directors
Dana B. Stebbins Board of Directors
David Edgerley Board of Directors
Davud H. Michael Board of Directors
Douglas Hoffberger Board of Directors
H. Lee Boatwright Board of Directors
Jennifer R. Terrasa Board of Directors
John Parcari Board of Directors
Martin G. Knott Board of Directors
Scott E Dorsey Board of Directors

Organization Position Status
Maryland Economic Development Corp. Executive Director Current

Organization Position Status
Maryland Economic Development Corp. Assistant Director of Development Current

Organization Position Status
Maryland Economic Development Corp. Assistant Director, Bond Financing Current

Organization Position Status
Maryland Economic Development Corp. Assistant Director Current

Organization Position Status
Maryland Economic Development Corp. Special Projects Manager Current

Organization Position Status
Maryland Economic Development Corp. Assistant Controller Current

Organization Position Status
Maryland Economic Development Corp. Assistant Controller Current

Organization Position Status
Maryland Economic Development Corp. Controller Current

Organization Position Status
Maryland Economic Development Corp. Administrative Assistant Current

Organization Position Status
Maryland Economic Development Corp. Business Relationship Coordinator Current

Organization Position Status
Maryland Economic Development Corp. Receptionist Current

Organization Position Status
Maryland Economic Development Corp. Chairman Current

Organization Position Status
Maryland Economic Development Corp. Board of Directors Current

Organization Position Status
Maryland Economic Development Corp. Board of Directors Current

Organization Position Status
Maryland Economic Development Corp. Board of Directors Current

Organization Position Status
Maryland Economic Development Corp. Board of Directors Current

Organization Position Status
Maryland Economic Development Corp. Board of Directors Current

Organization Position Status
Maryland Economic Development Corp. Board of Directors Current

Organization Position Status
Maryland Economic Development Corp. Board of Directors Current

Organization Position Status
Maryland Economic Development Corp. Board of Directors Current

Organization Position Status
Maryland Economic Development Corp. Board of Directors Current
Maryland Economic Development Corp. Vice Chairman Current

Scott is President of Merritt Properties and has occupied nearly every position in the company since joining in 1972. He focuses primarily on strategic planning and the long-term goals of the company in addition to overseeing all of the day-to-day operations of the business. He also serves as the point person for Merritt's interface with financial institutions, government agencies, economic development organizations and industry groups. He serves on the Maryland Economic Development Corporation Board of Directors, the Economic Alliance of Greater Baltimore Board of Directors, the Board of Trustees for Junior Achievement of Central Maryland, the Board of Directors of Young Life Urban Baltimore, and maintains memberships with the National Association of Industrial and Office Properties (NAIOP) and the Urban Land Institute. Scott received a Bachelor of Arts from Cornell University in 1972, and an MBA from Loyola College in Maryland in 1985.

Organization Position Status
Merritt Management Corporation President Current
Maryland Economic Development Corp. Board of Directors Current
Loyola College in Maryland MBA Former
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