Business Notes: County Council Approves $200,000 Appropriation for Wheaton Small Businesses Impacted by Redevelopment Construction

Plus: Independent financial services firm Rebalance receives Charles Schwab award; HMSHost executive VP named to Airports International Council board

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The Montgomery County Council approved a $200,000 appropriation to small businesses in downtown Wheaton at its meeting Tuesday.

The money will help the businesses who are impacted by construction of the Wheaton Revitalization Project, a mixed-use development that includes a town square, government office building and underground parking garage.

“To ensure that small businesses here continue to thrive during this period of transition, the additional funding will provide needed resources to give them a small financial boost to cross the finish line,” council member Nancy Navarro said in a press release. Navarro, who represents Wheaton, had requested the funding.

Navarro previously sponsored a bill in 2012 that requires the county to give financial assistance to a business when it is impacted by a redevelopment project located in an enterprise zone, or urban renewal area.

Bethesda-based retirement investment firm receives Charles Schwab 2018 award for innovation and growth

Rebalance, a Bethesda-based retirement investment firm, was awarded the Charles Schwab 2018 Pacesetter IMPACT Award for Innovation and Growth on Tuesday at the annual Schwab IMPACT Conference.

The award, given each year for excellence in independent financial advice for companies in business for 10 years or less, pays tribute to a firm that has shown initiative, growth and promise, as well as a focused use of technology to extend its reach, a Rebalance press release said.

“We are quite proud of our hard-earned reputation for being consumer-friendly in that we provide our clients with high quality, conflict-free financial advice at fees that are considerably lower than the industry standard,” Rebalance Managing Director Scott Puritz said. “This high-quality service is made possible by our ability to leverage technology and innovation, which reduces overhead and allows Rebalance to focus solely on our clients’ individual and family goals.”

North American airport trade association appoints HMSHost executive to Airports International Council board

Airports International Council (ACI), the leading trade association for North American airports, has appointed Bethesda-based HMSHost executive vice president of business development Derryl Benton as vice chair to the ACI—North American World Business Partners/Associates Board of Directors.

HMSHost, on Rockledge Drive in Bethesda, is the “epicenter” for chefs and drink connoisseurs to test out the latest food and beverage trends and develop them for airports in the Washington, D.C., area, a company press release said.

“In this leadership role, Derryl joins thought leaders from across the airport and aviation communities to help advance airport industry priorities throughout North America,” an HMSHost spokesperson said.

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