ANNE ARUNDEL ECONOMIC DEVELOPMENT CORPORATION
2660 RIVA ROAD NO 200, ANNAPOLIS, MD 21401 www.aaedc.org

Total Revenue
$6,117,104
Total Expenses
$5,118,980
Net Assets
$3,629,992

Organizations Filed Purposes: TO SERVE BUSINESS NEEDS AND TO INCREASE ANNE ARUNDEL COUNTY ECONOMIC BASE THROUGH JOB GROWTH AND INVESTMENT.

TO PROMOTE ECONOMIC DEVELOPMENT BY PROVIDING FINANCING OPTIONS AND PROVIDE ECONOMIC INFORMATION.

ANNE ARUNDEL ECONOMIC DEVELOPMENT CORPORATION SERVES AS A MANAGER OF MARYLAND SMALL MINORITY AND WOMEN-OWNED BUSINESS LOAN FUND, WHICH RECEIVES 1.5% OF VIDEO LOTTERY TERMINAL REVENUE FROM MARYLAND CASINOS. SMALL AND MINORITY, WOMEN AND VETERAN OWNED BUSINESSES LOCATED WITHIN 10 MILES OF ANY OF MARYLAND'S THREE CASINOS AND THOSE LOCATED ELSEWHERE IN THE STATE MAY BE ELIGIBLE FOR LOANS OF BETWEEN $25,000 TO $500,000 FOR PURPOSES SUCH AS BUSINESS AND COMMERCIAL REAL ESTATE ACQUISITION AND EXPANSION, LEASEHOLD IMPROVEMENTS, EQUIPMENT AND VEHICLE PURCHASE, AND WORKING CAPITAL.

FINANCIAL SERVICES:PROVIDES LOANS TO BUSINESSES LOCATED IN OR RELOCATING TO, ANNE ARUNDEL COUNTY, MARYLAND. THE PROGRAM IS FOR THE PURPOSE OF ENCOURAGING BUSINESS DEVELOPMENT WITHIN THE COUNTY.

AGRICULTURAL MARKETING:PROVIDING LEASING OF AGRICULTURAL EQUIPMENT AND OBJECTS AND TO PROMOTE AND ENCOURAGE THE DEVELOPMENT OF AGRICULTURE IN ANNE ARUNDEL COUNTY AND SOUTHERN MARYLAND.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Jill SeamonADMINISTRATIVE OFFICER40$120,757
Stephen PrimoschVICE PRESIDENT, FINANCIAL SERVICES40$112,828
Rosa Cruz-PenafielVICE PRESIDENT OF COMMUNICATIONS40$108,744
Jerry WalkerPRESIDENT & CEO40$80,840
Mariam Nassier-PelletierBOARD MEMBER1$0
Hamilton ChaneyBOARD MEMBER1$0
Eliot PowellBOARD MEMBER1$0
Jose BoludaBOARD MEMBER1$0
Phiona BareebeBOARD MEMBER1$0
Kathleen MccollumBOARD MEMBER1$0
Ron DillonBOARD MEMBER3$0
Kevin CarterBOARD MEMBER3$0
John ShetroneBOARD MEMBER3$0
Jeffrey ArmigerTREASURER5$0
Paul GableSECRETARY3$0
Joel RoznerVICE CHAIRMAN3$0
Eric DevitoCHAIRMAN4$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202100819349300625_public.xml