E. Baltimore developer Shannon to step down
East Baltimore Development Inc., the private nonprofit group heading a large urban renewal project just north of Johns Hopkins Hospital, said its president and chief executive, John T. "Jack" Shannon Jr., will step down April 30. Shannon has led the group since its creation in 2003. EBDI is transforming more than 100 acres of the Middle East neighborhood into a biotechnology park, housing, shops and offices. EBDI, in a partnership with developer Forest City Enterprises, has completed a biotech building and two apartment buildings and has embarked on a housing rehab project. "I ... feel that the initiative's momentum might be best protected and advanced to meet the next set of challenges with a new set of eyes," Shannon said.
Former state official moves to HarVest Bank
Former state economic development secretary David W. Edgerley has joined HarVest Bank of Maryland as its executive vice president, effective Feb. 18. Edgerley resigned last month as head of the Department of Business and Economic Development to pursue a career in the private sector or education. HarVest Bank is a locally owned commercial bank based in Gaithersburg. Edgerley also served as Montgomery County's director of economic development for 12 years.