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Canfield named new Berlin Chamber executive director

Posted On: 11/27/13
Written By: Sheila R. Cherry, Associate Editor

Canfield named new Berlin Chamber executive director BERLIN—The Berlin Chamber of Commerce has chosen Joya Canfield as its new part-time executive director. Her first introduction to the business community was during a Nov. 21 after hours event. Canfield is a Berlin native who previously made a name for herself as an excellent cross-country and track athlete when she was a student at Stephen Decatur High School, from which she graduated in 2006. She has since earned a bachelor’s degree in biology, with a minor in marketing, from High Point University, in North Carolina. She previously worked as an event coordinator with managerial and public affairs responsibilities, for Aerosports Trampoline Parks, in Delmar. During a Nov. 20 interview, Canfield said she decided to pursue the position because she wanted to renew her connection with Berlin. “There was really no other reason that I left [Delmar] other than coming back to the Berlin area,” she said. Canfield will be overseeing the daily operations of the Chambe...
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Maryland casinos generate $66.38M in revenue in Oct.

Posted On: 11/21/13
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MARYLAND–The Maryland Lottery and Gaming Control Agency recently announced October’s revenue numbers for the state’s four casinos–Hollywood Casino Perryville in Cecil County, Casino at Ocean Downs in Worcester County, Maryland Live Casino in Anne Arundel County and Rocky Gap Casino Resort in Allegany County. October’s combined statewide revenue totaled $66,378,026. Hollywood Casino Perryville generated $6,901,049 from both slot machines and table games in October. Gross gaming revenue per unit per day was $163.77 for slot machines, $2,414.30 for banking table games and $399.50 for non-banking table games. Hollywood Casino’s October revenue increased by $1,422,923 or 26 percent, from October 2012. Hollywood Casino Perryville operates 1,158 slot machines and 22 (12 banking and 10 non-banking) table games.   Casino at Ocean Downs generated $4,238,061 in October, and its gross gaming revenue per unit per day was $170.89. Casino at Ocean Downs...
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Nancy and Susan Taylor find alpacas to be no ‘trouble’ at all

Posted On: 11/21/13
Written By: Sheila R. Cherry, Associate Editor

BERLIN—In an early episode of the original “Star Trek” TV series, “The Trouble with Tribbles,” the Enterprise crew had their hands full with small adorable balls of fluff. Two sisters-in-law, Nancy and Susan Taylor, of Berlin are having a much easier time of it, with balls of fluff that stand five to six feet high. The in-laws and business partners have been raising alpacas for two years and on Saturday, Nov. 23, will host an open house to showcase their new alpaca store in the family’s circa 1912 farm, just off westbound Route 50. The event will include a fiber artist’s demonstrations. Susan said the idea for the alpaca business happened because of their love of knitting.  They got the idea for the store, because they needed an outlet for all the yarn they started producing. The store is actually a loft in the upper part of the barn that was built for the animals. “We had this great space upstairs and friends who enjoyed coming o...
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Thinking differently about bond allocation decisions

Posted On: 11/21/13
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Interest rates have never been lower, so at some point we have to expect them to go higher. As an investor building wealth for the long term, should you be thinking differently about how you make bond allocation decisions? Bond fund allocation has long been a fairly straightforward part of the overall portfolio allocation decision process. Bonds were traditionally the “safer” part of your portfolio that remained steady and predictable when riskier asset classes are in turmoil. In the past, the most basic allocation decision you can make is how much to allocate to equities and other risky assets, and how much to assign to bonds. There is no doubt that bonds trade in a more volatile pattern than in the past. That by itself does not change the role they normally play in portfolio allocation. A bond portfolio still consists of securities that pay a contractually fixed stream of interest and principal payments over a defined period of time. The primary risks remain the same. F...
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BUSINESS BRIEFS

Posted On: 11/21/13
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Top producer   Atlantic/Smith, Cropper & Deeley Insurance Brokers recently announced that Donna J. Harrison was Top Producer for October. Donna is an Account Executive licensed in property, casualty, life and health insurance. She has been with A/SCD for 20 years, specializing in small and large group life and health benefits. She has been recognized by Who’s Who in Professional and Executive Women, as well as Who’s Who in United States Executives. She resides in Tilghman, Md.   Commercial lines manager Laura Deeley Bren, president of Atlantic/Smith, Cropper & Deeley Insurance announced Kiesha Lankford will assume the role of commercial lines manager. She joined the agency as the claims manager in 2009 and will continue to oversee those operations as well. Lankford has 14 years of experience in claims administration, Commercial Lines marketing, service and risk management. In 2009 and 2012, Lankford received the agency’s Superior Customer Servi...
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Dealership specializes in clean, dependable cars

Posted On: 11/14/13
Written By: Sheila R. Cherry, Associate Editor

BERLIN—Don Klein, of Newark, is expanding his 10-year-old automobile sale business to Berlin with the opening of Shoreline Auto Sales across Route 50 from Stephen Decatur High School. The used car dealership is located at 10621 Ocean Gateway, in Berlin. Hours are 9 a.m. to 5 p.m. Monday through Friday, and 10 a.m. to 6 p.m. on Saturday. Klein a former insurance company auto appraiser from New Jersey does most of the purchasing, detailing, and—when necessary—repair work himself, he said during a Nov. 11 interview. During the early stages at the new location, he is also doing sales and administration, as he searches for a qualified used car sales representative. He is looking for someone who can commit to 30 to 35 hours per week, he said. “I’ve been working on cars all my life,” he said, adding that he started his career doing body work and restorations. The vehicles the dealership specializes in are Jeeps, muscle cars, imports and pick-up trucks,...
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Financial reserves needed to protect against catastrophes

Posted On: 11/14/13
Written By: Chip Gordy, MBA, CRPC

You probably don’t expect to attain great wealth in your lifetime. Simple financial security would do, if only you knew what that meant. It’s a dicey notion all right, but it does have a few characteristics you can get your arms around. You need a steady source of income. This comes from your job, or your business if you’re self-employed, or investments if you’re fortunate and alert. Future income is the bedrock on which financial security is built. You need financial reserves. You need protection against financial catastrophes. Of course I’m talking about insurance. You need it in sufficient amounts to cover your life, your health, your ability to earn an income, your family and your possessions (i.e. at least seven times your annual take home earnings). Without insurance, even the best financial plans can be wiped out suddenly. Also, you need to get further ahead each year. If you stand pat, even modest inflation will erode your financial reserves ju...
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Susan G. Komen Maryland announces small grant recipients

Posted On: 11/14/13
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MARYLAND–Susan G. Komen Maryland announced last week the recipients of six small grants, totaling $55,000, which will be invested into the Maryland community. The small grant program has a rolling enrollment. Funding is available for programs that provide screening and diagnostic services or emergency assistance services. The rolling enrollment is in part to the Jacqueline Chambers Small Grant Fund, which was created with a $10,000 gift from the Chamber’s family in memory of their mother, Jackie. Donations to this fund are earmarked specifically for the small grants program. This year, programs to receive funding included: ·MAC Inc. ($5,000) for its program, “Life After Breast Cancer: Overcoming Barriers,” which provides emergency assistance services to under/uninsured women and survivors. The program covers Dorchester, Somerset, Wicomico and Worcester counties. ·Moveable Feast ($10,000) for emergency assistance services that provide meals for und...
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Merchants begin preparations for Small Business Saturday

Posted On: 11/7/13
Written By: Sheila R. Cherry, Associate Editor

BERLIN—“On November 30, let's get out and Shop Small,” is the tag line that American Express is using this year to encourage holiday shoppers to patronize small independently owned retailers, in the third year of a nationwide campaign it created and marketed for the first Saturday after Thanksgiving. Steve Frene, co-owner of Main Street mainstay Victorian Charm, said he would prefer the event begin on a different day, because holding it on the busiest Saturday of the year made it difficult to discern a difference in the amount of shoppers who would normally come into the store that day. “It almost gets lost,” he said. However, he was quick to note the concept conveyed was a good message to get across at any time. He suggested holding it on the weekend before Thanksgiving would be even more helpful because it would encourage people to start shopping earlier. “But I love that somebody is reminding people to shop local,” Frene sai...
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Several indicators when gauging health of economy

Posted On: 10/24/13
Written By: Chip Gordy, MBA, CRPC

 I’m often asked about what reports or news that I think are the most important when gauging the health of our economy. Following are the 10 most important in my opinion. Jobless Claims. The number of people who file for unemployment benefits in a given week. This data is collected by the Department of Labor, and published as a weekly report. The number of jobless claims is used as a measure of the health of the job market. Non-Farm Payroll. A statistic gathered by the U.S. Bureau of Labor Statistics, which represents the payroll data for the bulk of the U.S. The employees that are not included in this report include government employees, nonprofit employees, individuals who work within a private household, and farm employees. This calculation represents roughly 80 percent of the U.S. work force. Consumer Price Index (CPI). An inflation indicator that measures the change in the cost of a fixed basket of products and services, that include: housing, electricity, food, and ...
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