Business

Lutherville Station LLC released an economic impact study for the proposed Lutherville Station Transit Oriented Development at the current site of the Lutherville light rail station on West Ridgely in Timonium, Maryland. The study, conducted by Richard Clinch, PhD, Executive Director of the Jacob France Institute at the University of Baltimore, notes the significant $325 million impact the project will have on job creation and tax revenue for Baltimore County and the State of Maryland.

Bethesda-based Investably LLC on Wednesday launched a new business valuation service to help women entrepreneurs understand their business worth to help prepare for retirement income and future goals. A wealth advisory firm providing investment management and financial planning services to women, families, and small business owners, specializing in retirement transition and tax planning, Investably founder and CEO Michelle Gordon has partnered up with BizEquity, the largest fintech provider of business valuations, to make business valuations more accessible for its clients.

Frederick County Executive Jessica Fitzwater on Wednesday announced the appointment of a new director for the county Office of Economic Development. Lara Fritts will take over for Acting Director Jodie Bollinger on April 3, according to a county press release. Fritts will serve in the acting capacity until she is confirmed by the Frederick County Council.

Dr. Mohan Suntha, head of the University of Maryland Medical System, will replace energy company executive Calvin G. Butler Jr. as the next chair of the Greater Baltimore Committee. Suntha, who has been president and CEO of the medical system since November 2019, was named GBC board chair after a unanimous recommendation of the board’s nominating committee and a membership vote. He is the first chair elected since GBC merged last year with the Economic Alliance of Greater Baltimore.

Goodwill Industries of the Chesapeake announced Tuesday it will open the Excel Center in Baltimore, a free high school for adults so they can earn a Maryland Department of Education-issued diploma. The school, which opens September, will use a proven curriculum and approach developed over the past decade at more than 30 Excel campuses in seven states. The center will be located at Goodwill’s former headquarters at 222 E Redwood in downtown Baltimore. Initially, Goodwill is recruiting 150 students and will expand to 350 students.

United Way of Central Maryland introduced the inaugural class of the Workforce Leadership Academy, a new program designed to improve local economic mobility and workforce development efforts and present innovative solutions to the challenges faced by workers and businesses. The Baltimore Region Workforce Leadership Academy, a fellowship developed through a partnership with the Aspen Institute Economic Opportunities Program, engages nonprofit, government, academic, and business leaders in a series of retreats and workshops as they work together to advance an innovative and equitable workforce ecosystem.