University of Maryland Eastern Shore

Bright MLS August Housing Report: Home Prices Up Strongly in the Mid-Atlantic Despite record high mortgage rates, low inventory continues to drive prices higher

Retrieved on: 
Tuesday, September 12, 2023
NORTH, MLS, Housing, Washington Metro, Eastern Shore of Maryland, Bright, Sale, Competition, Baltimore metropolitan area, Growth, University of Maryland Eastern Shore, Television, Real estate, South Central Pennsylvania, Mid-Atlantic (United States), D.C

A lack of supply—and not high mortgage rates—continues to be the biggest constraint in the market.

Key Points: 
  • A lack of supply—and not high mortgage rates—continues to be the biggest constraint in the market.
  • "However, affordability is becoming a bigger challenge, with mortgage rates above 7%, and will push more buyers out of the market."
  • Low inventory continues to drive price growth and there is no expectation of significant supply increases this year.
  • Supply will still be an obstacle to a balanced housing market, and home prices should remain stable in the region this year.

Bright MLS May Housing Report: Home Prices May Have Bottomed Out: With limited inventory, however, the Mid-Atlantic market remains competitive

Retrieved on: 
Tuesday, June 13, 2023
NORTH, MLS, First Time, Metro, Greater Richmond Region, University of Maryland Eastern Shore, Sale, Market, Baltimore Metro SubwayLink, Region, Mid-Atlantic (United States), Washington, D.C., Drug, Real estate, Retail, Renewable energy, Natural gas, Southern Maryland, South Central Pennsylvania

"There is a pool of 'shadow' buyers that could be waiting for mortgage rates to drop this summer," said Lisa Sturtevant, Bright MLS Chief Economist.

Key Points: 
  • "There is a pool of 'shadow' buyers that could be waiting for mortgage rates to drop this summer," said Lisa Sturtevant, Bright MLS Chief Economist.
  • Lower mortgage rates could entice some homeowners to list their home, but it likely won't be enough to shift the balance in the market."
  • The median days on market in the Mid-Atlantic region was 7 in May, the fastest pace of home sales transactions since last June.
  • Showing activity remains below last year's level (-21.8%) as would-be buyers have relatively few homes to view.

NASA Federal Credit Union Awards Scholarships to Student Members

Retrieved on: 
Monday, May 22, 2023
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UPPER MARLBORO, Md., May 22, 2023 /PRNewswire/ -- At the conclusion of its 2023 Mitchell-Beall-Rosen Memorial Scholarship Contest, NASA Federal Credit Union awarded scholarships—ranging from $1,000 to the top prize of $10,000—to seven high school seniors.

Key Points: 
  • UPPER MARLBORO, Md., May 22, 2023 /PRNewswire/ -- At the conclusion of its 2023 Mitchell-Beall-Rosen Memorial Scholarship Contest, NASA Federal Credit Union awarded scholarships—ranging from $1,000 to the top prize of $10,000—to seven high school seniors.
  • The annual program rewards the writing talents of young Credit Union members who are working toward four-year or two-year undergraduate degrees or vocational studies.
  • "I am always impressed by the accomplishments of our scholarship winners, and these seven young members are no exception," said Dr. Alotta Taylor, Chairperson of NASA Federal's Scholarship Committee.
  • "Our future is in good hands with them, and NASA Federal Credit Union is proud to contribute to their success through the Mitchell-Beall-Rosen Memorial Scholarship."

TEDCO and Senators Cardin and Van Hollen Announce Funding for Innovative Maryland Program

Retrieved on: 
Wednesday, January 11, 2023
Linda, Education, Bowie State University, Morgan State University, Coppin State University, Research, Small business, Eastern Shore of Maryland, Woman, University of Maryland Eastern Shore, Omnibus spending bill, University, HBCU, Congress, Africa Open Institute for Music, Research and Innovation, Entrepreneurship, United States Senate Committee on Appropriations, Management, Renewable energy, Black

COLUMBIA, Md., Jan. 11, 2023 /PRNewswire/ -- TEDCO, Maryland's economic engine for technology companies, announced today that its Open Institute for Black Women Entrepreneur Excellence program was selected by the U.S. Senate Appropriations Committee for Fiscal Year 2023 Congressionally Directed Spending funding at a level of $418,000 – a direct federal funding request sponsored by U.S. Senators Ben Cardin and Chris Van Hollen (D-Md.). The funding for TEDCO's 10-month leadership development program was included in the FY23 Omnibus Spending bill recently passed by Congress and signed into law by President Biden.

Key Points: 
  • Senators Ben Cardin and Chris Van Hollen (D-Md.).
  • TEDCO identifies, invests in, and helps grow technology and life science-based companies in Maryland.
  • "We are deeply appreciative of the efforts of Senators Van Hollen and Cardin, the Maryland congressional delegation members, and Congress for supporting and funding the Open Institute for Black Women Entrepreneur Excellence in this year's FY23 Omnibus Spending package," said Troy LeMaile-Stovall .
  • "This funding supports local entrepreneurs in building critical skills, expanding their networks, and successfully growing their businesses—and the Maryland economy."

FanDuel Announces its Second $1 Million Donation to UNCF

Retrieved on: 
Wednesday, December 14, 2022
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HANOVER, Md., Dec. 14, 2022 /PRNewswire/ -- On the heels of launching America's #1 Sportsbook in the state of Maryland late last month, FanDuel Group, the premier online gaming company in North America, today announced a $1 million donation to UNCF.

Key Points: 
  • This marks the second donation FanDuel has done with the UNCF.
  • The first donation came in Feb. 2021 when FanDuel Group and the Washington Football Team made a $1 million donation to the UNCF.
  • FanDuel officially made the donation to the UNCF today in the form of a check presentation.
  • "FanDuel is delighted to be able to legally offer our sportsbook platform here in Maryland," said Christian Genetski, President of FanDuel Group.

Dr. Eddie Glaude Jr. Headlines HBCU Legacy Event for Outstanding Achievement

Retrieved on: 
Wednesday, October 12, 2022
History, History of the United States, Hawk, HHF, Super Bowl, Conference, HBCU, University of Maryland Eastern Shore, Begin Again (book), Man, Inauguration, NFL, Culture, Religion, University, Sport, HFF, Department, Education, 2021–22 NCAA football bowl games, Eastern Shore of Maryland, UMES, Reginald, State, Football, Morgan State University, Princeton University, Medicine, Management

BALTIMORE, October 12, 2022 /PRNewswire-PRWeb/ -- The University of Maryland Eastern Shore (UMES) Alumnus and key constituents from the Hawks for Football, Inc. (HFF) have announced a conference built to inspire and strengthen our community and alumni networks. HFF has organized and birthed the Inaugural HBCU Educational and Alumni Award Conference: "Our Legacy is Our Future."

Key Points: 
  • We will recognize excellence, educate ourselves, and work to deliver a premier HBCU experience today and well into the future.
  • HFF has organized and birthed the Inaugural HBCU Educational and Alumni Award Conference: "Our Legacy is Our Future."
  • We will recognize excellence, educate ourselves, and work to deliver a premier HBCU experience today and well into the future.
  • Tickets can be purchased for the HBCU legacy event online.

Independent Survey of College Mental Health Services Shows Universally High Satisfaction Among Students

Retrieved on: 
Tuesday, September 27, 2022
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LEXINGTON, Mass., Sept. 27, 2022 /PRNewswire/ -- A new survey of over 3,500 students conducted by the University of Maryland School of Public Health (UMDSPH) found that nearly 90 percent of those who receive services provided by Christie Campus Health are satisfied with their overall benefit, 84 percent believe the services help them feel better about their problems, and nearly 80 percent said the services helped them remain in school.

Key Points: 
  • The survey showed that nearly 80 percent of students who engaged with the Christie programs reported the services helped them remain enrolled in school.
  • The Christie Campus Health mindfulness program, offered through our partnership with Headspace, has high adoption rates and 96 percent student satisfaction.
  • The services appeal to students who may be reluctant to access the college counseling services due to concerns about stigma or who are seeking additional counselor diversity.
  • Research from the Healthy Minds Network supports that having immediate access to mental health services regardless of the time of day or a student's location improves the academic performance and retention of students in need of these services.

TEDCO's FY23 Board of Directors Features Diverse, Experienced Leaders

Retrieved on: 
Tuesday, September 20, 2022
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COLUMBIA, Md., Sept. 20, 2022 /PRNewswire/ -- TEDCO, Maryland's economic engine for technology companies, held its annual election for the board of directors' executive officers, reaffirming a second term for Chair Omar Muhammad of Morgan State University (MSU).

Key Points: 
  • "I am gratified to continue to lead the board of directors following an incredibly productive year.
  • Our board has been laser focused on TEDCO's mission of enhancing economic empowerment by fostering an inclusive and entrepreneurial innovation ecosystem, and that will continue in my second term," said Omar Muhammad, chair of the board.
  • "We thank last year's executive officers for their service and welcome the new officers, including our board chair.
  • TEDCO , the Maryland Technology Development Corporation, enhances economic empowerment growth through the fostering of an inclusive entrepreneurial innovation ecosystem.

Propel Center Announces Recipients of $1,000,000 Industry Impact Grants

Retrieved on: 
Thursday, August 25, 2022
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ATLANTA, Aug. 25, 2022 /PRNewswire/ -- The Propel Center — the global HBCU technology and learning hub — today announced the awardees of $1 million in Health Innovation & Research Grants. These awards, the second round of Industry Impact Grants, continue Propel's mission to offer world-class research and innovation opportunities for HBCUs and their students.

Key Points: 
  • ATLANTA, Aug. 25, 2022 /PRNewswire/ -- The Propel Center the global HBCUtechnology and learning hub today announcedthe awardees of $1 million in Health Innovation & Research Grants.
  • These awards, the second round of Industry Impact Grants, continuePropel's mission to offer world-class research and innovation opportunities for HBCUs and their students.
  • Intended to provide new opportunitiesforthecurrent and futureworkforce, the HealthInnovation & Research Grants support work in STEM fields, data science, andmachinelearning-artificial intelligence.
  • "We're exceedingly proud and humbled to be named one of the awardee for these important and prestigious Propel grants," saidDr.

Atlantic Biomass, LLC and Bionoid, Inc. Sign Letter of Intent to Produce Commercial Quantities of Sustainable Aviation Fuels (SAF) from Residual Hemp Biomass

Retrieved on: 
Thursday, August 11, 2022
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FREDERICK, Md., Aug. 11, 2022 /PRNewswire-PRWeb/ -- In a surprise announcement at the annual Advisory Board Meeting of the Maryland Energy Innovation Institute (MEI2), Phase I MEI2 grant recipient Atlantic Biomass, LLC signed a Letter of Intent with Bionoid, Inc. signaling their joint commitment to producing commercial quantities of Sustainable Aviation Fuels (SAF) from residual hemp biomass.

Key Points: 
  • This LOI will lead to the production of SAF and other bioproducts from up to 190,000 tons of annual residual hemp biomass harvests.
  • "This agreement with Bionoid launches us on the commercial pathway we need," said Atlantic Biomass President Bob Kozak.
  • Atlantic Biomass, LLC, a small business located in Frederick, Maryland is focused on the development and commercialization of proprietary enzymatic based biomass "deconstruction" processes.
  • These processes allow the use of low-cost, non-food biomass as feedstocks for renewable sustainable biofuels and bioproducts.