Gov. Martin O'Malley has launched a new series of Maryland Economic Updates. The intent is to provide a status update on Maryland's economy. The Governor's Economic Updates focus on such economic indicators as rising real estate sales, an unemployment rate consistently below the national average, and companies throughout Maryland announcing the hiring of additional staff.
"We learned this week that our national economy grew by three and a half percent in the third quarter, with economists now saying that things are moving in the right direction. This is encouraging news, yet all of us agree that we're not out of the woods yet," Gov. O'Malley says in his first online message. "While there is an emerging consensus that things are getting better we still have a ways to go. The good news is that the strengths, the potential, and the assets of innovation are right here, in Maryland."
The economic updates will include Maryland's latest economic news, including information on the State's unemployment rate, job growth and the local real estate market. The Governor will also highlight news on Maryland's businesses, including mergers, expansions, contracts and awards.
Governor O'Malley also noted this week's news that Black & Decker and Stanley Works will enter into a $4.5 billion merger. The Governor has directed Maryland economic officials to work with any and all impacted workers as the Department of Business and Economic Development remains engaged to ensure the Black & Decker power toll division remains in Towson.
"As we work to restore business confidence in Maryland, it is vital that we continue to tell Maryland's positive economic story and keep our finger on the pulse of the business community," says Department of Business and Economic Development (DBED) Secretary Christian S. Johansson. "Governor O'Malley's weekly webcasts will complement DBED's ongoing efforts to inform our stakeholders about the things we are doing to grow business in Maryland."
Gov. O'Malley's weekly economic updates can be viewed here.
Source: DBED
Writer: Walaika Haskins