WHAT’S HAPPENING IN PORT COVINGTON

CHESAPEAKE COWBOYS GRAND FINALE

September 28, 2017
[et_pb_section bb_built="1"][et_pb_row][et_pb_column type="4_4"][et_pb_text _builder_version="3.0.71" background_layout="light" text_orientation="left" border_style="solid"] On Saturday, September 23, 2017, the Chesapeake Cowboys held the grand finale of their extreme boat docking competition at Nick’s Fish House and the Baltimore Yacht Basin in Port Covington. In addition to hosting the extreme boat docking competition, Nick’s Fish House also welcomed young people from Port Covington’s surrounding neighborhoods. Students and chaperones from Arundel Elementary Middle School, New Era Academy in Cherry Hill, and Curtis Bay Elementary School were brought to the event to experience extreme boat docking firsthand and even take a ride on one of the boats! [/et_pb_text][et_pb_gallery _builder_version="3.0.71" show_title_and_caption="off" show_pagination="off" gallery_ids="867,869,868,870" fullwidth="off" orientation="landscape" zoom_icon_color="#f2f2f2" hover_overlay_color="rgba(255,255,255,0.9)" background_layout="light" border_style="solid" auto="off" /][et_pb_text _builder_version="3.0.71" background_layout="light" text_orientation="left" border_style="solid"] Boat docking, also known as Water Rodeo, is a half-century-old water sport native to the Chesapeake Bay’s Eastern Shore. Workboats and charter boats compete within their divisions to go from point “A” to point “B” and execute a task of lasso of poles in a timed competition. The event marked the second annual Extreme Boat Docking Grand Finale event in Baltimore on the Western Shore and was host to captains as young as 13 years old. The youngest participant, 13-year-old Stephanie Golt was featured in the competition on her boat Stephanie M, as well as a returning competitor, Hayden Wilson, who is just 14-years-old and captained his boat named Buck Wild. In the end, Danny Haddaway was named the King of the Dock with a run time of 25.39 seconds. A portion of the proceeds from the event benefitted Blue Water Baltimore, a local non-profit organization whose mission is to restore the quality of Baltimore’s rivers, streams, and Harbor to foster a healthy environment, strong economy, and thriving communities. To learn more about the Chesapeake Cowboys and their competitions, visit https://www.chesapeakecowboysboatdocking.com/ [/et_pb_text][et_pb_video _builder_version="3.0.71" src="https://www.youtube.com/watch?time_continue=135&v=k5b3Q7hDV3A" /][/et_pb_column][/et_pb_row][/et_pb_section]

Bet on Baltimore | Episode 4

September 15, 2017
[et_pb_section bb_built="1"][et_pb_row][et_pb_column type="4_4"][et_pb_text _builder_version="3.0.71" background_layout="light" text_orientation="left" border_style="solid"] In the final episode of the Bet on Baltimore video series, the students from Green Street Academy come to the end of their summer internship. The eight impressive teens present their enterprises at Under Armour’s Building 37, showing how they have transformed into leaders and entrepreneurs over their eight-week journey. Given the proper resources, tools and network, Taz, JB, Khalil, E’najah, Ayanah, Tony, Nayven and Deja are now on a path to seeing their ideas start to become a reality. Thank you to Green Street Academy, Dent Education, Betamore, Plank Industries, The Foundery and Under Armour for the dedication and expertise your teams shared with the students this summer. To learn more about Bet on Baltimore, visit https://www.betonbaltimore.org/ [/et_pb_text][et_pb_video _builder_version="3.0.71" src="https://youtu.be/X7AyjO5LRkg" /][/et_pb_column][/et_pb_row][/et_pb_section]

Port Covington Development Team Announces Goldman Sachs as Private Equity Partner

September 14, 2017
[et_pb_section bb_built="1"][et_pb_row][et_pb_column type="4_4"][et_pb_text _builder_version="3.0.71" background_layout="light" text_orientation="left" border_style="solid"] Sagamore Development Company announced today that Goldman Sachs has joined the Port Covington redevelopment effort as an equity investor, committing $233 million to the project, the largest single private equity investment made by the firm’s Urban Investment Group to date. In addition to securing outside investment from Goldman Sachs UIG, the Port Covington development team has also negotiated robust, comprehensive community benefits agreements with the City and the surrounding communities, providing a model for similar developments. All obligations and commitments entered into for the Port Covington redevelopment during, and since, the Tax Increment Financing (TIF) process will remain in effect and fulfilled as required and as promised. “This is tremendous news for Baltimore City and our workforce,” said Baltimore City Mayor Catherine Pugh. “Baltimore is seeing more major national investment in our real estate market. This investment, especially from such a prominent partner as Goldman Sachs, means more jobs, more opportunity and more economic growth for Baltimore City. Investors are seeing what we already know about Baltimore: we’re a city on the rise, and an economic hub with a strong, diverse workforce. This is significant progress for the Port Covington project.” “It was important to us to find an equity partner that shared our common vision for urban economic growth, job creation and local workforce development here in Baltimore City,” said Tom Geddes, CEO of Plank Industries. “Goldman Sachs Urban Investment Group, with its history of mission-driven and impactful investments in urban areas is the perfect partner and investor for Port Covington and Baltimore City as a whole. This is a significant step forward and delivers on a major promise by the Port Covington development team to bring outside private investment and commercial capital to Baltimore City.” "Baltimore is one of the country's greatest cities. We are proud to be a part of, and build upon, its rich legacy and heritage.” said Margaret Anadu, Goldman Sachs managing director and head of the Urban Investment Group. “Given their incredible dedication, partnering with the Sagamore team on Port Covington affords us the opportunity to be a part of Baltimore’s exciting future. This unprecedented public-private partnership will provide Baltimoreans with new jobs and neighborhood assets that are more connected and accessible through thoughtful planning and modern infrastructure." This investment from Goldman Sachs extends the firm’s engagement with Baltimore City, as Goldman Sachs and Bloomberg Philanthropies recently made a $10 million commitment to 10,000 Small Businesses in Baltimore. Bringing the 10,000 Small Businesses program, which includes training and access to capital for small businesses, to Baltimore represents the firm’s holistic approach to investing in cities. To read the full press release, click HERE. To learn more about Goldman Sachs Urban Investment Group, visit http://www.goldmansachs.com/what-we-do/investing-and-lending/impact-investing/ [/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]

Bet on Baltimore | Episode 3

September 10, 2017
[et_pb_section bb_built="1"][et_pb_row][et_pb_column type="4_4"][et_pb_text _builder_version="3.0.71" background_layout="light" text_orientation="left" border_style="solid"] In Episode Three of the Bet in Baltimore video series, the summer interns from Green Street Academy connect with inspiring mentors whose personal stories and advice make a lasting impact. As the days leading up to final presentations become fewer, the students start to feel the pressure, but also the excitement. Watch as their projects begin to come to life, bringing together all the lessons they've learned this summer. Stay tuned next week for the final episode. [/et_pb_text][et_pb_video _builder_version="3.0.71" src="https://youtu.be/627jWmhhoc8?rel=0" /][et_pb_post_nav _builder_version="3.0.71" prev_text="Last Episode" next_text="Next Episode" in_same_term="on" hide_prev="off" hide_next="off" border_style="solid" saved_tabs="all" title_font_size="16px" title_text_color="#6397af" use_border_color="on" border_color="#6397af" custom_padding="6px|12px|6px|12px" global_module="817" /][/et_pb_column][/et_pb_row][/et_pb_section]

Bet on Baltimore | Episode 2

September 1, 2017
[et_pb_section bb_built="1"][et_pb_row][et_pb_column type="4_4"][et_pb_text _builder_version="3.0.71" background_layout="light" text_orientation="left" border_style="solid"] In Episode Two of the Bet on Baltimore video series, the interns from Green Street Academy take a deep dive into the design thinking process. You’ll see them use empathy to understand the needs of potential customers, brainstorm ideas, and start prototyping. As the students begin pursuing their initial ideas, personal experiences helped them to pivot to – and fuel – passions they didn’t know existed. To continue following their journey, check back next week for Episode Three. To learn more about the Bet on Baltimore program, visit https://www.betonbaltimore.org/ [/et_pb_text][et_pb_video _builder_version="3.0.71" src="https://youtu.be/N3oEUm14KzQ?rel=0" /][et_pb_post_nav _builder_version="3.0.71" prev_text="Last Episode" next_text="Next Episode" in_same_term="on" hide_prev="off" hide_next="off" border_style="solid" saved_tabs="all" title_font_size="16px" title_text_color="#6397af" use_border_color="on" border_color="#6397af" custom_padding="6px|12px|6px|12px" global_module="817" /][/et_pb_column][/et_pb_row][/et_pb_section]

Bet on Baltimore | Episode 1

August 24, 2017
[et_pb_section bb_built="1"][et_pb_row][et_pb_column type="4_4"][et_pb_text _builder_version="3.0.69" background_layout="light" text_orientation="left" border_style="solid"] In Episode One, eight Baltimore City students get their first introduction to the Bet on Baltimore summer internship program. Meet these amazing students, as well as the instructors from Dent Education, and watch as they are exposed to the exciting curriculum for the first time. There will be challenges along the way, but these students are given the resources and guidance they need to succeed. Can they do it? Keep watching every week to follow their journey. Episode two will focus on highlights from their projects and the design thinking process. Be sure to check back next week for a new episode! [/et_pb_text][et_pb_video _builder_version="3.0.71" src="https://youtu.be/OXyjw3el7z8?rel=0" /][et_pb_post_nav _builder_version="3.0.71" prev_text="Last Episode" next_text="Next Episode" in_same_term="on" hide_prev="off" hide_next="off" border_style="solid" saved_tabs="all" global_module="817" title_font_size="16px" title_text_color="#6397af" use_border_color="on" border_color="#6397af" custom_padding="6px|12px|6px|12px" /][/et_pb_column][/et_pb_row][/et_pb_section]