Thursday, Sept. 4, 2008
Names and Notes
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Plamondon hires new director of marketing
Gwyn Geiman was recently hired as marketing director of Plamondon Enterprises of Frederick, which operates 17 Roy Rogers restaurants in Maryland, Virginia and West Virginia.
Geiman has more than 20 years of marketing experience, including 12 years working for Coca-Cola and Pepsi.
MidAtlantic Farm Credit
names new loan officer
MidAtlantic Farm Credit has named Elizabeth Zimmerman Benitez a loan officer in its Frederick office.
The Emmitsburg resident and Hood College graduate is a member of the Frederick County Association of Realtors, Women's Council of Realtors and Frederick County 4-H Royalty Committee.
MidAtlantic Farm Credit, part of the Farm Credit System, includes 453,000 borrowers and has a $115.9 billion portfolio.
First Potomac Realty Trust renews leases
Iron Mountain Information Management of Boston has renewed two 10-year leases with First Potomac Realty Trust, including one for a 120,000-square-foot space in Frederick.
Iron Mountain Management, at 4451 Georgia Pacific Blvd. off Buckeystown Pike in Frederick, is a data protection company. It also renewed a lease in Sterling, Va.
Brunswick EDC to host Allegheny Power speaker
The Brunswick Economic Development Commission will host speaker David Kline of Allegheny Power at a breakfast at 7:30 a.m. Sept. 25 at the Green Country Inn, 620 Souder Road.
Kline will discuss "Energy Conservation in the Work Place and at Home."
Cost: $8. Registration: Walt Stull, stull@brunswickmd.gov or 301-834-7500, ext. 7, by Sept. 22.
Names & Notes reports news of startups, new developments, key personnel changes and trends affecting county business. Items may be mailed to Rebecca McClay, The Gazette, 2A N. Market St., Frederick, MD 21701; faxed to 301-876-2124; or e-mailed to rmcclay@gazette.net.
Capricorn Pharma links with Pennsylvania firm
Capricorn Pharma of Frederick has announced a production agreement with Teva Pharmaceuticals USA of Northwales, Pa.
Teva, a subsidiary of Teva Pharmaceutical Industries of Israel, will use Capricorn's technology that regulates drug release. Capricorn, which has a manufacturing facility in Frederick, was founded in 2000 by S. Rao Cherukuri, president and CEO.
"We believe this agreement further validates our commercialized oral drug delivery technology platforms and Capricorn's proprietary encapsulation processes," Cherukuri said in a statement.
Westminster firm wins
$7.24M NASA contract
NASA has selected Carleton Technologies of Westminster for a $7.24 million contract to design, develop, fabricate and deliver a propellant tank for a spacecraft mission managed by the Goddard Space Flight Center in Greenbelt.
The tank will contain all of the fuel used for maneuvering a global positioning measurement spacecraft, one of the next generation of satellite-based Earth science missions that will study global rain, snow and ice. The mission is slated for launch in July 2013.
Nonemployer firms generated $970B in '06
More than 20.7 U.S. businesses without a payroll generated revenues of $970 billion in 2006, the Census Bureau recently reported.
Those businesses comprise 18.2 million sole proprietorships, 1.4 million corporations and 1.2 million partnerships. Three sectors, with a total of 7.9 million businesses, accounted for almost half of the receipts: real estate and rental and leasing, $193 billion; construction, $159 billion; and professional, scientific and technical services, $124 billion. Nationally, nonemployer businesses reported average receipts of $46,724.The report is available at www.census.gov/epcd/nonemployer/index.html.