Maryland Employment Expected To Get Boost From Construction Jobs In 2014

A local economist projects Maryland employment to grow 2.5 percent in 2014, led by growth in construction and professional and business services. The higher employment forecast for next year will be followed by even stronger growth of 2.8 percent in 2015 and 2016, said Daraius Irani, executive director of Towson University’s Regional Economic Studies Institute. Construction in Maryland is expected to rise by 8.5 percent next year, driven by increased federal government projects on military bases in Maryland and across the country. (Balt. Bus. Journal)

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State Approves $1 Million To Maintain Airport Hotel

The state Board of Public Works on Wednesday gave approval for the Maryland Aviation Administration to spend about $1.05 million to maintain the hotel on the airport grounds, said MAA spokesman Jonathan Dean. The manager of Four Points by Sheraton BWI Airport in September notified the MAA, which owns and operates the airport, that it would close the hotel when its 30-year lease expired at the end of this month. (Balt. Sun)

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$122 Million Expansion Of Exelon Power Plant In Harford Proposed

Exelon officials plan to a power plant in Harford County by building two additional natural gas-fired power generating units on utility-owned land off Chelsea Road in Perryman. The project has an estimated price tag of about $122 million, an Exelon spokesman said. The two Pratt & Whitney turbines have combined capacity to generate 120 megawatts of power, or 60 megawatts per unit, said Robert Judge, regional manager of communications for Exelon Power. The generators will be built on nearly nine acres, Judge explained. (Aegis)

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Pepco Plans To Seek Another Rate Increase

As appeals of its July rate increase progress in court, Pepco Holdings Inc. told investors Wednesday that it will file yet another request to raise its rates by the end of the year. Joseph M. Rigby, chairman, president and chief executive officer, said the outcome of the company’s most recent request makes it necessary to file another rate case. The company will also continue to work to reduce regulatory lag and ensure timely recovery of its costs, Rigby said, citing upfront surcharges as a means to that end. (Gazette)

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Hagerstown City Council Agrees To Pay For Upgrades To Municipal Stadium

Although the minor-league baseball team that first played in Hagerstown in 1981 plans to head south for the start of the 2015 season, the Hagerstown City Council on Tuesday agreed to pay for about $15,000 in upgrades to Municipal Stadium to honor the Hagerstown Suns’ lease. The Suns requested an estimated $15,000 worth of upgrades to 83-year-old Municipal Stadium as part of the team’s lease that requires the city to commit up to $35,000 of capital improvement funds per fiscal year to ballpark enhancements, according to City Engineer Rodney Tissue. (Herald-Mail)

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USPS Wants To Keep Columbia Lakefront Location

There will be a post office in downtown Columbia for the foreseeable future, whether it stays in the American City building on the lakefront or moves to a location nearby, a United States Postal Service official told community members in a meeting Tuesday, Nov. 5. In the meeting Tuesday at the postal service's main Columbia branch on Oak Hall Lane, USPS real estate specialist Richard Hancock said the post office didn't want to move from the spot where it has been serving the community since 1969. (Balt. Sun)

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Residential Leasing At Former Highlandtown Middle School Starts Slowly

Construction delays during the residential conversion of the former Highlandtown Middle School is contributing to a slower pace of leasing, but developer Shaffin Jetha said he’s confident the building will be fully leased by March. The first residents at 101 S. Elwood Ave. moved into the building Nov. 1, Jetha said, and about 30 of the 140 units are now leased. (Balt. Bus. Journal)

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G.1440 Readies For Move From Baltimore To Timonium

After years in Baltimore, technology firm G.1440 is heading to the suburbs. CEO Larry Fiorino said he hopes to have the IT staffing and consulting company moved to its new headquarters in Timonium by mid-December. Fiorino said the move coincides with the end of the company’s lease at its current office in Clipper Mill. He decided to move out of Baltimore to make work more convenient for employees. (Balt. Bus. Journal)

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