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Tag Archives: richard clinch

UB’s Clinch: Maryland shouldn’t increase taxes to stay afloat

Maryland, kept largely out of the deepest depths of the nationwide economic recession, shouldn’t turn to tax increases to stay afloat in a harsh new economy, a leading local economist said. Richard Clinch, director of economic development for The Jacob ...

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Tax on indemnity mortgages draws fire from business groups

ANNAPOLIS — Robert M. Bauman says no single measure passed by the General Assembly is particularly lethal to business in Maryland. But that doesn’t mean he thinks the legislature’s cumulative actions aren’t potentially deadly. “This is death by a thousand ...

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Report: Area needs more ‘quality jobs’

Economic development in the Baltimore metropolitan area needs to focus on creating “quality jobs” and cultivating a skilled workforce, areas that have been lacking, a report released Thursday said. The report by the Washington, D.C.-based Brookings Institution said that faster ...

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Maryland’s jobless numbers decline

Maryland’s unemployment rate fell in October for the first time in six months, but economists and labor officials cautioned Tuesday the state faces immense challenges as the economy recovers slowly and federal lawmakers debate deep budget cuts. “October’s improvement should ...

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Report: State’s economy staggered by outside events

A third-quarter survey by the University of Baltimore’s Jacob France Institute has found t Maryland’s economy has been “staggered” by the gridlock in federal spending and the European debt crisis. The Maryland Business Climate Survey found that stands in marked ...

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Bank of America layoffs to hurt Maryland

Bank of America’s plan to shrink its workforce by 10 percent over the next few years will almost certainly have significant effect on Maryland, given the bank’s presence and stature in the state, analysts said. Bank of America Corp., the ...

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Second-quarter M&A activity a good sign for economic recovery

Although the estimated $7.9 billion acquisition of Constellation Energy Group by Exelon Corp. was the quarter’s biggest mergers-and-acquisition deal, for the last three months it has been all about real estate. According to data compiled by Bloomberg Financial exclusively for ...

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Maryland and Virginia dueling for development

ANNAPOLIS — Maryland and Virginia have upped the ante in their high-stakes competition for economic development with plans for more than $200 million in new spending as other states struggle under staggering fiscal challenges. But Virginia has a big head ...

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