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Security Square: New Lease on Life

<TAB>Security Square Mall, once plagued by crime and filled with month-to-month leases, has morphed into a mall with six anchor stores, a new fa&ccedil;ade, heightened security and a building full of tenants leased for the long-term. <@SM><@SM><TAB>“We have to be continually re-evolving, that is what we are all about,” said Deirdre Moore, vice president and general manager of the 1.2 million square-foot mall, one of the area’s largest.

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Web-Based Companies Pay Executives More Cash

Internet companies still use stock options to woo executives, but they increasingly are compensating officers the Old Economy way: with cash salaries and bonuses.<@SM><@SM><TAB>Web-based businesses are paying out 13 percent more in cash than they did last year to top management, reflecting a tight job market and an increased focus by Internet firms to move toward profitability, a PricewaterhouseCoopers study says.

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Business Incubation: Not Just for Do-Gooders Anymore

[IMGCAP(1)]Needing help to hatch his startup, WellPlanet.com, into a profitable and stable company, Paul Kustes went in search of a business incubator. Even in a state as small as Maryland, his options were numerous. There are some 20 institutions here devoted to the development of fledgling firms.

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NEWS SUMMARY

<b><u>Verizon Strike Disconnects Md. Businesses</u></b>[IMGCAP(1)]<br /><br />While the nearly three-week-long strike at <b>Verizon Communications Inc.</b> may not adversely impact the telecom’s quarterly financial performance, as the company reported this week, it did wreak havoc on Maryland’s corporate community.

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Historic Commission Member Resigns Over Ethics Dispute

A member of Frederick’s Historic District Commission resigned this week following a dispute with city officials over whether he broke ethics rules by representing clients of his architectural firm before the commission.<br /><br />Two weeks ago, architect Gary D. Baker was fined $250 by the Frederick Ethics Commission, which said he used his position to potentially reap financial gains. The Ethics Commission ordered Baker not to represent anyone before any city board or commission.

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Marinas Sail Online

<TAB>With its first round of financing nearly complete and a tentative launch date set for the start of service, Marinalife, an online slip-reservation and management system for marinas, expects to complete its move to downtown Baltimore early next month.

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