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UMD Partners with Ken Ulman to Boost Economic Development

December 22, 2014
Contacts: 

Katie Lawson
 301-405-4622

Focus on Route 1 Revitalization and University Research Park Is Pivotal to Economic Impact

COLLEGE PARK, Md. – Through an agreement with the University of Maryland College Park Foundation, former Howard County Executive Ken Ulman has been tapped to serve as a strategist for economic development and growth at the University of Maryland and its surrounding communities.

Ulman has formed a consulting firm, Margrave Strategies LLC, which will provide strategic planning and visioning services to institutions and businesses throughout Maryland and the mid-Atlantic. Through this contract, the firm will be charged with enhancing the University of Maryland’s role as a catalyst for the innovation economy in the state of Maryland.

“I have often said the future of this university is tied to the future of the surrounding community, and we must make investments that spark economic development in College Park and across Maryland,” said UMD President Wallace D. Loh. “We are pleased Ken is bringing his expertise from smart economic growth in Howard County here to our university and community.”

Ulman will work to diversify revenue streams and foster investment by businesses, philanthropies and venture capital firms in start-ups, incubators and programs at the University that can create jobs and spark growth.  A key piece of work will be bringing investment to the University Research Park and further developing the Route 1 corridor into a vibrant college and commercial community.

"The nearly $1 billion in private and state supported construction expected around College Park in the next five years make the University an ideal location for innovation and economic development in Maryland," said Peter Weiler, Vice President of University Relations at UMD and President, University of Maryland College Park Foundation. “This is a great opportunity to link university inventiveness and resources with Ken Ulman’s vision for the State of Maryland."

Ulman has a long track record of driving economic success. During his tenure as County Executive, Howard County added more private sector jobs than any other jurisdiction in Maryland. He has been named Tech Titan by Washingtonian Magazine; an Innovator of the Year by the Greater Baltimore Committee; and a Doer, Dreamer and Driver by Government Technology magazine, among numerous other honors.

The University of Maryland College Park Foundation made this partnership possible. It is an entity that was established in support of the University's goal to become one of the top research universities in the nation, and it has played a leadership role in real estate projects to drive economic development within the surrounding community.