Business Notes: Leadership Montgomery Announces 2018 Participants
Plus: County's Green Bank names new CEO; report examines Total Wine's formerly incarcerated employees
Tom Deyo has been appointed to lead Montgomery County's Green Bank
via Montgomery County Green Bank website
Schools chief among those in Leadership Montgomery 2018 class
County leaders including Montgomery County Public Schools Superintendent Jack Smith, Fire Chief Scott Goldstein and Planning Board Chair Casey Anderson will join corporate executives and nonprofit heads as part of the 2018 class of Leadership Montgomery. The organization’s core program offers once-a-month classes on public safety, education, economic development, diversity and the arts. The program also includes a bus tour of the county, a trip to Annapolis and tours of the county’s police and fire training academy and correctional facility.
Montgomery County Green Bank names new CEO
Tom Deyo, a former vice president at the affordable housing and community development organization NeighborWorks, was appointed this month to lead the county’s green bank. The County Council established the bank in 2015 as a way to partner with renewable energy businesses and invest in programs that promote energy saving. The nonprofit green bank received an initial $20 million in funding after Montgomery County reached a settlement agreement with Exelon Corp. as part of the company’s acquisition of Pepco Holdings. Deyo was appointed to head the organization by the bank’s Board of Directors. Deyo’s work will focus on helping low- and moderate-income households access financing to reduce their energy costs, according to a statement from the Green Bank. During his time at NeighborWorks, Deyo helped grow the organization’s portfolio of affordable housing to more than 150,000 homes.
“Tom brings a track record of success to the position of CEO of the Montgomery County Green Bank,” Bert Hunter, chairman of the bank’s board said in a statement. “His appointment is a key milestone for the Montgomery County Green Bank as we move to unlock private investment in clean energy and energy efficiency markets in Montgomery County.”
Total Wine & More’s formerly incarcerated employees have lower turnover rates
Bethesda-based Total Wine & More was among several companies studied in a new American Civil Liberties Union report that examined how companies fared after hiring convicted criminals who served their prison sentence. The alcohol retailer found that formerly incarcerated employees who worked as cashiers had 14 percent lower turnover rates compared to their peers, while stock workers and wine assistants had 11 percent lower turnover rates.
“It is about giving individuals the opportunity to turn their lives around,” Total Wine co-founder David Trone said in the report. “My employees have gone on to do great things.”
The report was prepared by the Trone Private Sector and Education Advisory Council to the ACLU, which Trone donated $15 million to help create in December 2015. The report, which also studied companies such as Wal-Mart and Koch Industries, advocated for banning criminal history boxes on job applications and concluded that companies can reduce workforce training costs by hiring formerly incarcerated employees because they tend to stay at businesses longer.