MARYLAND ECONOMIC DEVELOPMENT CORPORATION
7 SAINT PAUL STREET NO 940, BALTIMORE, MD 21202 www.medco-corp.com

Total Revenue
$117,023,377
Total Expenses
$148,539,548
Net Assets
$-301,396,445

Organizations Filed Purposes: MEDCO'S PRIMARY PURPOSE IS TO EXPAND PRODUCTIVE EMPLOYMENT AND THE STATE'S ECONOMY AND TAX BASE THROUGH THE DEVELOPMENT OF CERTAIN VACANT OR UNDER-UTILIZED INDUSTRIAL SITES AND FACILITIES AS WELL AS OTHER ECONOMIC RESOURCES. IN FULFILLING ITS PURPOSE, MEDCO PROVIDES FACILITIES AND FINANCING OF FACILITIES TO BUSINESSES AT FAVORABLE RATES. MEDCO ALSO PROVIDES MANAGEMENT AND CONSULTING EXPERTISE.

TO ATTRACT NEW BUSINESSES AND ENCOURAGE EXPANSION OF EXISTING BUSINESSES IN MARYLAND THROUGH DEVELOPMENT, EXPANSION, AND/OR MODERNIZATION OF FACILITIES.

CHESAPEAKE BAY CONFERENCE CENTER IS A HOSPITALITY PROJECT LOCATED IN CAMBRIDGE, MARYLAND.

UMCP HOUSING IS A PROGRAM UNDER WHICH MEDCO LEASES LAND USED FOR THE SOUTH CAMPUS COMMONS AND THE COURTYARDS AT THE UMCP CAMPUS IN PRINCE GEORGE'S COUNTY, MARYLAND.

UMCP ENERGY IS A PROGRAM UNDER WHICH MEDCO LEASES LAND, CERTAIN ENERGY CONVERSION FACILITIES AND STEAM, ELECTRICITY AND CHILLED WATER DELIVERY SYSTEMS AT THE UMCP CAMPUS IN PRINCE GEORGE'S COUNTY, MARYLAND, AND PROVIDES ENERGY CONVERSION, DELIVERY AND RELATED SERVICES TO UMCP.

Executives Listed on Filing

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

NameTitleHours Per WeekTotal Salary
Robert C BrennanEXECUTIVE DIRECTOR AND SECRETARY40$253,764
Richard S CassardDIRECTOR OF SPECIAL PROJECTS40$183,899
James R MillerCFO40$149,833
Jeffrey C WilkeDIRECTOR OF BOND FINANCING40$126,965
Louis J NocarCONTROLLER40$116,637
John GenakosDIRECTOR OF DEVELOPMENT40$106,107
Warren WilliamsBOARD OF DIRECTORS1$0
Secretary Gregory SlaterBOARD OF DIRECTORS1$0
Harry ShashoBOARD OF DIRECTORS1$0
Secretary Kelly SchulzBOARD OF DIRECTORS1$0
David SchellhardtBOARD OF DIRECTORS1$0
Secretary Peter RahnBOARD OF DIRECTORS - PART YEAR1$0
Barry GlassmanBOARD OF DIRECTORS1$0
Michael CottinghamBOARD OF DIRECTORS1$0
Nicole Alt-MyersBOARD OF DIRECTORS1$0
Tehma Hallie Smith WilsonTREASURER1$0
Richard WooVICE CHAIRMAN1$0
Scott DorseyCHAIRMAN1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202110639349301406_public.xml