image description

Posts Tagged ‘economic development’

Senate Appropriators Lend Support for Revising HUBZone Program

  • July 24, 2014
  • comments: 0

A proposal to ease requirements for tenants at closed installations to qualify for the HUBZone program — a Small Business Administration (SBA) initiative offering preferential access to federal procurements to businesses in distressed areas — has picked up the endorsement of the Senate Appropriations Committee. The legislative change was added to the Senate version of the fiscal 2015 defense authorization bill before the Armed Services Committee approved the measure in May. The language would expand the geographic boundaries of HUBZones at BRAC sites to include the town or county where the installation is located, or census tracts contiguous to the installation …

Growth Lags behind BRAC Projections outside Aberdeen Proving Ground

  • July 24, 2014
  • comments: 0

Optimistic projections that BRAC-fueled growth would bring more than 18,000 contractor jobs and create demand for dozens of office buildings outside of Aberdeen Proving Ground have not been met since the installation in northeast Maryland was identified as the destination of R&D activities from other locations nine years ago. “We just haven’t seen the transformation of Aberdeen itself that a lot of people thought we would see,” Scott Dorsey, CEO of Merritt Properties LLC, told the Baltimore Sun. In 2008, Merritt purchased land in Aberdeen for five buildings, but so far has completed only one; it currently is empty …

Ft. Meade Neighbor Growing, but Failing to Meet BRAC Expectations

  • July 18, 2014
  • comments: 0

Following the 2005 round of BRAC, planners predicted Laurel, Md., would benefit from the influx of growth slated for nearby Fort Meade, and the city approved a number of apartments and housing developments to accommodate the surge. Nine years later, it’s clear that the projections missed the mark as Laurel’s population only climbed by 4,000 to 26,000 currently. The recession that took hold several years after the last BRAC played a major role in limiting new development in the city, but so did the decision by many personnel relocating to Fort Meade to commute rather than move closer to their new post …

Infinity Takes over UAS Park Project at Grand Forks AFB

  • July 13, 2014
  • comments: 0

New Braunfels, Texas-based Infinity Development Partners has stepped in to become the developer of the Grand Sky unmanned aerial systems (UAS) technology park at Grand Forks Air Force Base, N.D., after the existing developer backed out. Infinity has been involved in the enhanced use lease project since its inception through its work supporting Grand Forks County, which will be leasing a 217-acre site from the Air Force. The Grand Forks County Commission approved the change in developers last week …

Southern Maryland Leaders Look to Strengthen Pax River ahead of BRAC

  • July 13, 2014
  • comments: 0

With outstanding facilities, an ideal location and a large swath of controlled airspace, Naval Air Station Patuxent River is in a favorable position with a possible BRAC round looming, but officials in southern Maryland believe there is more to do to bolster the installation’s standing after finding out the results of an analysis of its strengths, weaknesses, opportunities and threats. “There’s nothing popping up out of the study suggesting something we can’t handle,” Robin Finnacom, acting director of the St. Mary’s County Department of Economic Development, told Southern Maryland News. Most interesting was the $60,000 report’s conclusion that one of the installation’s most valuable attributes, the complexity and unique characteristics of its missions, poses a potential weakness …

National Army Museum Opening Delayed until 2018

  • July 1, 2014
  • comments: 0

The opening date for the National Museum of the U.S. Army, slated to occupy 41 acres at Fort Belvoir in northern Virginia, has been pushed back to 2018 as organizers strive to raise more funds for the effort. So far the Army Historical Foundation has raised $81million, but the group needs $33 million more before it can break ground on the project, reports Army Times. At that point the federal government will release $25 million authorized for site preparation …

Medical School to Establish Campus at Brooks City-Base

  • June 18, 2014
  • comments: 0

The University of the Incarnate Word has reached agreement with Brooks City-Base to locate a new school of osteopathic medicine at the property on San Antonio’s South Side. The school, which is scheduled to open in 2016, will be followed by a number of other developments by the university at Brooks, including the relocation of some of the university’s nursing programs, and the establishment of a physician assistant school, school of physical therapy and an engineering school …

Eastern North Carolina Positioned to Weather Drawdown

  • June 9, 2014
  • comments: 0

The pace of active-duty separations from North Carolina installations is projected to increase from 40,000 annually in the five years that ended in 2012 to more than 75,000 in the next five years, but officials on the state’s coast are confident the region’s economic health will continue to thrive. “I am certainly not saying we will not see an impact … but the community can endure this if done over a three- to four-year period,” said Richard Woodruff, city manager for Jacksonville …

Michigan, Indiana and Ohio Receive Grant to Help Offset Reduction in Defense Expenditures

  • June 5, 2014
  • comments: 0

The University of Michigan, in partnership with the Ohio State University and Purdue, was awarded a $2.4 million grant to provide on-call technical assistance to communities impacted by current defense procurement drawdowns, the DOD announced June 4…

Ft. Chaffee LRA Hopes to Expand Historic District

  • June 3, 2014
  • comments: 0

The LRA for the former Fort Chaffee in western Arkansas is planning to double the size of its 20-acre historic district as part of a long-term marketing effort. The district, built in the 1940s, represents “the heart’ of Chaffee Crossing, according to Joseph Chasteen, director of museums and the historic district for the Fort Chaffee Redevelopment Authority. “It shows the importance and impact Fort Chaffee had in Fort Smith,” Chasteen told the Times Record. The district’s most famous building is the barbershop where Elvis Presley received his first military haircut. The LRA restored the shop to its condition in 1958, and now is waiting on a grant to renovate the barracks were Presley stayed. Long-term plans call for turning the historic area into a walkable urban district and developing a “trail of tourism” from the post to downtown Fort Smith, Lorie Robertson, the authority’s director of marketing, told the paper.

Array ( )