GBC Leader - March 2002

March 2002

Headlines:

GBC Urges Legislators Not to Modify Heritage Rehab Tax Credit
PHH Arval's George Kilroy Elected to GBC Board of Directors
O'Malley, Rawlings Seek $15 Million from State in 2002 for Baltimore Bioscience Park
GBC Legislative Committee Eyes Key Bills Impacting Business
Leaders of Vision 2030 Featured in March "Issues & Answers"
GBC MEMBER NEWS (Click on headlines for the full story):
COMING EVENT NOTES:
- Greet the 2002 Baseball Season at GBC's Annual Lunch with the Orioles on April 5
- ORIOLES BOX SEATS AVAILABLE FOR GAMES THIS SEASON! For details, contact Don Fry, 410-727-2820, x41.
- INTERESTED IN SPONSORING A GBC EVENT? Click here for details on GBC event sponsorship.

GBC Urges Legislators Not to Modify Heritage Rehab Tax Credit
A proposed change in a tax credit that has prompted strong private investment in rehabilitation projects for historic buildings on Baltimore's west side and elsewhere would abruptly halt such investments if passed by the General Assembly this year, the GBC has warned legislators.

The proposed changes in the Maryland Heritage Structure Rehabilitation Tax Credit, which was passed only six years ago, are prompted by some legislators' fears that its increasing use will be too costly for the state in a tight budget year. But proposed reductions in formulas and the imposition of caps on available credits would change the tax credit rules on many developers who had made substantial investments in anticipation of gaining future credits, said GBC Executive Vice President Donald C. Fry.

GBC Web Link: Click here for more on the Heritage Tax Credit.

[top]

PHH Arval's George Kilroy Elected to GBC Board of Directors
George J. Kilroy, president and chief executive officer of PHH Arval, a Hunt Valley-based fleet leasing and management company, has been elected to the board of directors of the Greater Baltimore Committee.

Kilroy has been president and CEO of PHH Arval, a subsidiary of Cendant Corporation, since March 2001. In that capacity he manages PHH Arval's North American operations.

Kilroy, who joins the GBC board at its March meeting, has been elected to succeed board member William J. Crowley, Jr. Crowley recently retired as managing partner of the Baltimore office of Andersen and has stepped off the GBC board.

GBC Web Link: Click here for a complete list of GBC Board members.

[top]

O'Malley, Rawlings Seek $15 Million from State in 2002 for Baltimore Bioscience Park
Baltimore City will seek up to $15 million in state funding during this year's legislative session to begin developing a bioscience park north of Johns Hopkins Hospital that Mayor Martin O'Malley and business leaders believe will create as many as 8,000 jobs.

The funding request is a key element of the city's legislative agenda outlined Jan. 29 by Jeanne D. Hitchcock, deputy mayor for intergovernmental relations, to more than 200 Greater Baltimore Committee members who attended the GBC's annual legislative forum.

GBC Web Link: Click here for more details about the GBC's legislative forum.

[top]

GBC Legislative Committee Eyes Key Bills Impacting Business
A budget request for $15 million in start-up funding for Baltimore's proposed east side biotech park, a $2 million increase in a bond authorization for the Hippodrome renovation, and preserving a promised increase in state funding for drug treatment are among key budget issues supported by the GBC in the 2002 General Assembly session.

Other bills being monitored by the GBC's Legislative Committee, chaired by Verizon Maryland Chairman William R. Roberts, range from a bill reauthorizing the city-state partnership that administers Baltimore City public schools to a bill that would restart the planning process for an intercounty connector.

GBC Web Link: Click here to learn more about bills supported by the GBC.

[top]

Leaders of Vision 2030 Featured in March "Issues & Answers"
Vision 2030, a project designed for residents, business and government to reach a consensus on a realistic vision of the Baltimore region by the year 2030, is the topic for interviews airing in March on "Issues & Answers," the GBC's show on Comcast Cable Television.

Developed by the Baltimore Regional Transportation Board, Vision 2030 works to address trends in congestion, poverty in Baltimore City and older suburbs, and job movement to suburban locations by bringing together people from around the community and recording their goals and strategies for the region in the next 30 years. Among those interviewed this month are the county executives from Anne Arundel, Baltimore, Harford, and Howard counties; Baltimore City Mayor Martin O'Malley; Stoney Fraley, Vision 2030 project manager; and Craig Forrest, chair of the Baltimore Regional Transportation Board, all of whom were instrumental in initiating the project.

The GBC's "Issues & Answers" show airs Monday-Friday, 12 times per day in the Baltimore region during CNN Headline News broadcasts on Comcast Cable Television.

Click here for details about this month's topic...
Click here for times, channels, and schedule of guests for "Issues & Answers."

GBC Web Link: Click here for details about this month's topic. Click here for times, channels, and schedule of guests for "Issues & Answers."

[top]

Greet the 2002 Baseball Season at GBC's Annual Lunch with the Orioles
On April 5
On Friday, April 5, slide into the 2002 baseball season with the GBC's 24th annual Lunch with the Orioles, which begins at 11:30 a.m. at the Renaissance Harborplace Hotel. Greet the entire Orioles team and hear comments by sports columnist and author John Feinstein. Explore exhibits from both the Babe Ruth Museum and the Ripken Museum, test your pitching arm at the pitching cage with radar gun, and enjoy other baseball-related fanfare. Complimentary Orioles souvenirs will be distributed to all attendees.

The event, sponsored by Lord Baltimore Capital Corporation, Ferris Baker Watts, The Daily Record, and Video Production Consultants, costs $75 per person for GBC members and $90 per person for non-members. Tables of ten are also available. For more information, contact Jay Stewart, 410-727-2820, x35.

GBC Web Link: GBC Calendar.

GREATER BALTIMORE COMMITTEE



			March 2002
	Headlines: GBC Urges Legislators Not to Modify Heritage Rehab Tax Credit PHH Arval's George Kilroy Elected to GBC Board of Directors O'Malley, Rawlings Seek $15 Million from State in 2002 for Baltimore Bioscience Park GBC Legislative Committee Eyes Key Bills Impacting Business Leaders of Vision 2030 Featured in March "Issues & Answers" GBC MEMBER NEWS (Click on headlines for the full story): Erickson Retirement Communities CEO named to UMMS Board Heath Design Group announces changes in executive management Ernst & Young seeks nominees for Maryland Entrepreneur of the Year Hrabowski, UMBC chess team profiled in Fast Company magazine MacKenzie/ONCOR hires Gill as sales and leasing associate BACVA wins three awards at international tourism industry event Hyundai to begin processing cars through Port of Baltimore 37 women from GBC member companies chosen as Maryland's Top 100 Women of 2002 Wooden & Benson launches new website Sun partners with WMAR to share news operations American Red Cross-Central MD Chapter gains recognition for Holocaust Tracing Center Maryland Port begins exporting Fords, importing Hondas; agrees to develop wildlife habitat on Hart Miller Island Ellin & Tucker director to speak at MD State Bar Association meeting; Marlow, Ottone are hired Canatella joins KCI Technologies as vice president COMING EVENT NOTES: Greet the 2002 Baseball Season at GBC's Annual Lunch with the Orioles on April 5 ORIOLES BOX SEATS AVAILABLE FOR GAMES THIS SEASON! For details, contact Don Fry, 410-727-2820, x41. INTERESTED IN SPONSORING A GBC EVENT? Click here for details on GBC event sponsorship.
GBC Urges Legislators Not to Modify Heritage Rehab Tax Credit A proposed change in a tax credit that has prompted strong private investment in rehabilitation projects for historic buildings on Baltimore's west side and elsewhere would abruptly halt such investments if passed by the General Assembly this year, the GBC has warned legislators. The proposed changes in the Maryland Heritage Structure Rehabilitation Tax Credit, which was passed only six years ago, are prompted by some legislators' fears that its increasing use will be too costly for the state in a tight budget year. But proposed reductions in formulas and the imposition of caps on available credits would change the tax credit rules on many developers who had made substantial investments in anticipation of gaining future credits, said GBC Executive Vice President Donald C. Fry. *GBC Web Link: Click here for more on the Heritage Tax Credit. [top] PHH Arval's George Kilroy Elected to GBC Board of Directors* George J. Kilroy, president and chief executive officer of PHH Arval, a Hunt Valley-based fleet leasing and management company, has been elected to the board of directors of the Greater Baltimore Committee. Kilroy has been president and CEO of PHH Arval, a subsidiary of Cendant Corporation, since March 2001. In that capacity he manages PHH Arval's North American operations. Kilroy, who joins the GBC board at its March meeting, has been elected to succeed board member William J. Crowley, Jr. Crowley recently retired as managing partner of the Baltimore office of Andersen and has stepped off the GBC board. *GBC Web Link: Click here for a complete list of GBC Board members. [top] O'Malley, Rawlings Seek $15 Million from State in 2002 for Baltimore Bioscience Park* Baltimore City will seek up to $15 million in state funding during this year's legislative session to begin developing a bioscience park north of Johns Hopkins Hospital that Mayor Martin O'Malley and business leaders believe will create as many as 8,000 jobs. The funding request is a key element of the city's legislative agenda outlined Jan. 29 by Jeanne D. Hitchcock, deputy mayor for intergovernmental relations, to more than 200 Greater Baltimore Committee members who attended the GBC's annual legislative forum. *GBC Web Link: Click here for more details about the GBC's legislative forum. [top] GBC Legislative Committee Eyes Key Bills Impacting Business* A budget request for $15 million in start-up funding for Baltimore's proposed east side biotech park, a $2 million increase in a bond authorization for the Hippodrome renovation, and preserving a promised increase in state funding for drug treatment are among key budget issues supported by the GBC in the 2002 General Assembly session. Other bills being monitored by the GBC's Legislative Committee, chaired by Verizon Maryland Chairman William R. Roberts, range from a bill reauthorizing the city-state partnership that administers Baltimore City public schools to a bill that would restart the planning process for an intercounty connector. *GBC Web Link: Click here to learn more about bills supported by the GBC. [top] Leaders of Vision 2030 Featured in March "Issues & Answers"* Vision 2030, a project designed for residents, business and government to reach a consensus on a realistic vision of the Baltimore region by the year 2030, is the topic for interviews airing in March on "Issues & Answers," the GBC's show on Comcast Cable Television. Developed by the Baltimore Regional Transportation Board, Vision 2030 works to address trends in congestion, poverty in Baltimore City and older suburbs, and job movement to suburban locations by bringing together people from around the community and recording their goals and strategies for the region in the next 30 years. Among those interviewed this month are the county executives from Anne Arundel, Baltimore, Harford, and Howard counties; Baltimore City Mayor Martin O'Malley; Stoney Fraley, Vision 2030 project manager; and Craig Forrest, chair of the Baltimore Regional Transportation Board, all of whom were instrumental in initiating the project. The GBC's "Issues & Answers" show airs Monday-Friday, 12 times per day in the Baltimore region during CNN Headline News broadcasts on Comcast Cable Television. Click here for details about this month's topic... Click here for times, channels, and schedule of guests for "Issues & Answers." *GBC Web Link: Click here for details about this month's topic. Click here for times, channels, and schedule of guests for "Issues & Answers." [top] Greet the 2002 Baseball Season at GBC's Annual Lunch with the Orioles On April 5 On Friday, April 5, slide into the 2002 baseball season with the GBC's 24th annual Lunch with the Orioles, which begins at 11:30 a.m. at the Renaissance Harborplace Hotel. Greet the entire Orioles team and hear comments by sports columnist and author John Feinstein. Explore exhibits from both the Babe Ruth Museum and the Ripken Museum, test your pitching arm at the pitching cage with radar gun, and enjoy other baseball-related fanfare. Complimentary Orioles souvenirs will be distributed to all attendees. The event, sponsored by Lord Baltimore Capital Corporation, Ferris Baker Watts, The Daily Record, and Video Production Consultants, costs $75 per person for GBC members and $90 per person for non-members. Tables of ten are also available. For more information, contact Jay Stewart, 410-727-2820, x35. GBC Web Link*: GBC Calendar.
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