Local BusinessPrince George's County

FSC First Announces $638M in Development Projects

Shelly Gross-Wade, FSC First president and CEO, announced recently that more than $638 million in new economic development projects were supported with direct loans from FSC First, and, when fully developed, these projects and businesses will support more than 6,000 local jobs for Prince George’s County residents.

In addition, 12 business and financial services leaders were presented awards at a Dec. 12 ceremony at the Courtyard by Marriott in Largo for their distinguished service and outstanding support of the nonprofit organization.

John L. Huggins Jr. of Broadband Connect, LLC, was presented the Chairman’s Award in recognition of his four years as board chair and six years of service on the Board of Directors; Rosalind Styles of National Minority Contractors Association received an Appreciation Award for serving on the Board of Directors; John Henry King, City of Bowie Office of Planning, Zoning and Economic Development and Howard Stone Jr., Prince George’s County Office of Audits & Investigation were both presented with the Legacy Award for multiple years of service in various leadership roles on the Board of Directors.

Nancy Stark, of Capital One Bank received the Visionary Award for supporting the organization over multiple years with annual grants to build internal capacity.

There were three recipients of the prestigious Financial Pillar Awards: Hal C. Rich of Sona Bank, Kathryn Clay of PNC Bank and R. Michael Gill, Maryland secretary of commerce.

The Lender of the Year Award was presented to both Maria Randall of Industrial Bank and Kenneth White of Revere Bank.

Ebony Stocks of the Prince George’s County Economic Development Corporation was presented with the Resource Partner of the Year Award, and the Employee of the Year Award was presented to Sue Ann Scafone, Commercial Loan Assistant at FSC First.

In addition, the following individuals were announced as new officers of the board of directors: Kathryn Clay, Chair of the Board, Kenneth White, vice chair; Maurice Walker of Birch Advisors, LLC incoming treasurer; Tami Watkins of Pepco/Exelon – Public Affairs was re-elected as corporate secretary and Peter Sorge (retired) will serve as chair emeritus.

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