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State Invests $2.5 Million in Business Park at Frostburg State University
05/15/2007

BALTIMORE, MD (May 15, 2007) – Governor Martin O’Malley today announced the State will provide a $2.5 million grant for the Allegany Business Center at Frostburg State University (ABC@FSU), a business park to be located on the Frostburg State University campus. The announcement was made as part of a partnership celebration event held at the construction site for the new facility at the FSU Research Center in Frostburg. Also attending the event were Jonathan C. Gibralter, President of Frostburg State University; David Edgerley, Maryland Secretary of Business and Economic Development; Allegany County Commissioners James J. Stakem, Robert M. Hutcheson and Dale R. Lewis, and Glenn Weaver, Academic Privatization of Maryland, the developer of the project.

“In Maryland, we can only move forward if we work together at all levels, and the Allegany Business Center at Frostburg State University proves what is possible when state and local governments work together,” said Governor O’Malley. “Today, we are celebrating an outstanding partnership between the State, Allegany County and the University. Our ability to create new opportunities for economic development has resulted in a model program to match the resources of our universities with the needs of our business community.”

A partnership between Allegany County and Frostburg State University, the Allegany Business Center is intended to serve as the new home for four technology businesses currently located in the Tawes Hall Incubator at Frostburg, as well as other technology companies that will benefit from a synergistic relationship with Frostburg State University. InfoSpherix, an information technology company and major provider for e-commerce services for government agencies, will serve as an anchor business for the new facility. Officials from InfoSpherix and its parent company Spherix were also on hand for the celebration.

“ABC@FSU is certainly important to economic development,” Allegany County Director of Economic Development Matthew W. Diaz stated. “This business park exemplifies the positive effects of steadily and systematically working together. Allegany County is pleased to be a partner in this collaborative effort.”

“The $2.5 million grant from the Maryland Department of Business and Economic Development for ABC@FSU is fantastic!” James J. Stakem, President of the Allegany County Board of Commissioners, emphasized. “Allegany County and Frostburg State University have worked, side by side, on this project. We shared a futuristic philosophy. There definitely was a spirit of cooperation. Now there’s ABC@FSU.”

“This grant from the Maryland Department of Business and Economic Development will be crucial to providing the necessary infrastructure upgrades needed to serve the kind of technology companies that are destined for ABC. FSU is extremely grateful to the State of Maryland,” said FSU President Jonathan C. Gibralter.

The ABC@FSU, a 50,000 square-foot facility that will serve multiple tenants, was funded through grants from the U.S. Department of Commerce Economic Development Administration, the Appalachian Regional Commission, Allegany County and the Maryland Department of Business and Economic Development. Allegany Research Properties, LLC, a private development company, is constructing the first building in the ABC@FSU . The $2.5 million grant from DBED is for infrastructure improvements to the site.

“ABC@FSU is an outstanding example of the types of successful partnerships that can occur when State and local governments share their vision, combine their resources and talent, and work to better community,” said Secretary Edgerley.

MEDIA CONTACT: Karen Glenn Hood, (410) 767-6318, kglenn@choosemaryland.org

For further information on this release, contact:

Office of News and Media Services
Frostburg State University
101 Braddock Road
Frostburg, MD  21532-2303

Telephone: 301-687-3171
Fax: 301-687-7589
E-mail: news@frostburg.edu