Remember this business while traveling to Frederick, Maryland?This morning I read that Governor O'Malley applauded SB-106 - Job Creation and Recovery Tax Credit legislation. And I'm not going to knock him nor the administration for attempting to make a dent into our anti-business State - Maryland. But by the same token I cannot let the loss of another Maryland hi-tech firm go unnoticed. You see BP Solar has been around since the early 1970s - (previously trading as Solarex).
They recently announced where they were closing their Frederick, Maryland manufacturing plant and would be shipping their manufacturing jobs elsewhere because of high operational costs - (Click here for the details).
Folks, this is not good and just goes to show that the above legislation may be to little and to late to thwart the exodus of another high tech business.
21 comments:
I swear - you guys are truly the local FOX news. Even better. The MSM - Daily Times would never ever publish such news.
Great job Joe in keeping the playing field even.
"Mueller said the company had completed an analysis of its operations and was "not at all" considering closing the Frederick facility."
....you may want to read that again.
I would like to know why any college would expand here in Maryland. It's almost as if our visonary educators and legislators, are making a conscientious effort to ignore their surroundings.
A tree is judged by the fruit it bares. Where is the fruit?
Elsewhere like...Overseas?
To 10:29
I did read it correctly. They are shutting down their manufacturing from the Frederick facility and going to sell a warehouse.
You ought to try googling the facility and read about it further.
I don't get it. The forecast for solar panel sales was supposed to improve worldwide by 50% this year.
Maybe just for those produced for less money?
Sell some more to government -- they pay full freight every time.
Beezer, Maryland is one of the most unfriendly business states in the Country. This was brought up in the appropriations budget meeting I attended in Annapolis last week. I don't have my notes in front of me butu if I recall properly, we're 49th out of 50 states in the higher=st corporate tax rates in the country.
Wicomico County and the City of Salisbury love to relieve many corporations from some of these taxes if they're in an enterprise Zone.
Nevertheless, I relocated my business to Delaware because of such high taxes and I'm one of the lucky ones who could afford to get out of Maryland.
If O'Malley stays in office things are going to get a lot worse and companies are realizing things are not going to get much better in the near future, so now is a good time to bail out, hence Linnens of the Week, the Microbrewery and many other local businesses.
While it may be a shame to see them leave, what's the other choice, move to Korea, China and the likes? America is failing Folks, we've been trying to tell you this year after year. Is anyone listening? Certainly our politicians aren't.
I agree that Maryland is a rip-off non business-freindly state. I started a small business here in Salisbury 2 years ago in Home Inspections. I'm starting my third year and I've only made a total of $450 income. Good thing I've been able to sustain a full time job in Delaware for the past year and a half. Anyhow, I'm about to send another $300 to Maryland for the priviledge of owning an LLC. I still haven't figured out why you have to pay this much in taxes to them if you net a negative $150 income over that period. I'm just hanging on to this business in hopes that Real Estate will eventually turn around and I'll be on the ground running when it does. The company I worked for in Salisbury closed up in August of 2008', I'm sure the taxes had some influence on that decision to move the business to Suzhou. Obama should be on a plane right now to Whirlpool corporate to convince those greedy bastards to keep those 1,100 jobs here in the states.
You can blame a lot of it on unions-- people making great wages and benefits walking off the job for more.
Remember Crown Cork? Dresser?
Between that and the taxes, I can't imagine any sensible business wanting to operate in Maryland (unless they're connected into the democrat machine for government contracts..)
Sorry, one other thing, when was any energy producer in financial difficulty in recent years?
http://www.techjournalsouth.com/2009/12/constellation-energy-developing-marylands-largest-solar-system/
why would an one open business in MD...just say no to higher taxes and relocate to DE (and still get MD customers) The draconian beer laws are rediculous, 3 tier in this day and age? wow
I love Delaware! The Sussex County Council has people like Lynn Roger's handling things. He is a real entrepenuar and started out with nothing and grew his own way. He hired my brother at age 12, allowed him to tag along with him, and taught him invaluable life experiences and because of him, my brother is successful now on his own. Now that is the kind of role model that needs to be in politics in Maryland. People who see the big picture and understand what vision and determination is. These guys running the show can't see the forest for the trees and they are only worried about their own trees, not the bigger picture.
Get the self centered slothes out of office.
If we didn't have Washington DC on our border with all those govenmnent jobs and "beltway bandits", Maryland would be a disaster zone.
Sorry 11:55, that was a cheap shot. Those companies painted the unions as the bad guys when they already had it on the drawing board to close locally.
Why do you need a can production plant when all the truck crops are gone. The Shore is almost completely grain based now to support the poultry feed requirements. And Dresser's baseline business is a very durable goods product, build it anywhere, truck it to the end user a few at a time. We're actually seeing some gas pumps being removed at some locations.
Do unions fight for better pay and work conditions? They used to, now they are like any other behemoth, they want the political power, screw the members. But, much like the taxpayers, they need to regain control of their destiny.
Have to agree with others, MD squeezed my small business relentlessly for ridiculous fees and tax rates. I've incorporated in DE now and am very pleased with the business climate here. Go DE !
I've also been operating in Delaware for almost 5 years now.
I formed a DE LLC and haven't looked back since. DE is more pro business than Maryland with less regulatory barriers.
The only thing the state of maryland is good for is; building more jails and locking up their citizens.
Progressives, like O'Malley, Miller, Busch, Obama, Pelosi et. al. believe you increase revenue by raising the tax level on the rich. Quite the opposite is true. According to Maryland's comptroller, tax records indicate that one-third fewer tax returns were filled by millionaires in Maryland than before the tax rate on these high earners was raised. People with money don't get money and keep it by being stupid. Go back in history and you will find that when Presidents Coolidge, Harding, Kennedy and Reagan lower tax rates, tax revenues actually increased significantly because when people have discretionary money in their pockets, they'll spend it by making purchases or reinvesting it into their businesses.
"when people have discretionary money in their pockets, they'll spend it by making purchases or reinvesting it into their businesses." 10:21PM
The fallacy with the above comment is that in recent decades, the investment into the business has been, by and large, overseas. Not many reinvest and enlarge their business in their local community. The siren's call of cheap labor will always draw the manufacturer to it. Used to be the business man struggled to make a profit, now, it's about how to maximize that profit, not that that's a bad thing, but it does little for the local community.
You don't have to convince me that Maryland's progressive taxation is killing our citizenry.
Just look at where former Maryland Governor Harry Hughes bought his retirement home - Bethany Beach, DE
Thanks for finally writing about >"MORE HIGH TECH JOBS TO MOVE OUT OF MARYLAND" <Liked it!
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