T. Rowe Price's planned move, coupled with pandemic, leaves empty space — and uncertainty — in city's center

When T. Rowe Price Group Inc. committed in 2013 to keep its headquarters on Pratt Street for another 14 years, it was a huge win for a downtown left reeling over the years by corporate departures. The high-profile investment firm with $1.3 trillion in assets under management has a local workforce of 1,700 and occupies about 450,000 square feet of space at the Inner Harbor. (Balt Bus Journal)
 
Read Full Article

Small fraction of Maryland businesses got more than a third of PPP dollars, new data shows

More than 86,000 businesses in Maryland received approval for critical Paycheck Protection Program loans, but over one-third of the money went to just a few companies, according to newly released data from the federal government. The Small Business Administration approved more than $10 billion in loans to businesses in Maryland through its $659 billion Covid-19 relief program. (Balt Bus Journal)

Read Full Article

James Joyce Irish Pub & Restaurant closes after 18 years in Harbor East

James Joyce Irish Pub & Restaurant, a go-to for Guinness drafts and beef stew in Harbor East, has closed after 18 years in business. Signs posted at the restaurant's entrance Wednesday said James Joyce was "closed until further notice" as of Dec. 1. The pub's landlord, Harbor East Management Group, said the closure is permanent. (Balt Bus Journal)

Read Full Article

MedStar Health acquires Maryland provider to expand urgent care footprint

MedStar Health has acquired Righttime Medical Care in a deal that launches the Columbia-based health system into new geographies and more than doubles its urgent care footprint. The agreement, effective Tuesday, adds 19 urgent care clinics — including nine in Greater Baltimore — and about 300 employees to the MedStar organization, which runs 14 such centers for 200,000 patients annually in and around Baltimore and Washington, D.C. It positions MedStar to serve another 300,000 patients each year — and much more in the coronavirus era, said MedStar Ambulatory Services President Bob Gilbert in an interview. (Balt Bus Journal)

Read Full Article

Marco Priolo named new vice president, chief financial officer of Upper Chesapeake Health

University of Maryland Upper Chesapeake Health has appointed Marco Priolo at its new vice president and chief financial officer. In this role, Priolo is responsible for the direction and administration of the financial operations of UCH, according to a news release. He will participate in strategic planning and operational planning, in alignment with the health system’s annual operating plan, annual capital plan and strategic capital plan. (Balt Sun)

Read Full Article

Subscription services for food and drink take off in Baltimore as restaurants look to survive coronavirus pandemic

This summer, Helena del Pesco eliminated indoor seating and served up sausages and nachos to guests in the courtyard outside her Old Goucher cafe. But with temperatures dropping and COVID cases rising, there were more empty benches outside, and fewer people lingered for meals. “That alone is not going to carry us through the winter,” said del Pesco, who opened Larder last year. “Prior to COVID, we would have people packed in the courtyard which is obviously not possible now.” (Balt Sun)

Read Full Article

Emergent BioSolutions Gearing Up To Mass-Produce Future COVID-19 Vaccine

A Baltimore-based company is gearing up to mass-produce a COVID-19 vaccine once it’s approved. Inside Emergent BioSolutions, employees are ramping up their efforts, anticipating the approval of a COVID-19 vaccine. Sean Kirk is the Executive Vice President of Manufacturing. He said the facility will make the bulk of the vaccine and ship it out to be filled into the vials that many people are used to seeing in a clinic. (WJZ-TV)

Read Full Article

MedStar Health acquires Maryland provider to expand urgent care footprint

MedStar Health has acquired Righttime Medical Care in a deal that launches the Columbia-based health system into new geographies and more than doubles its urgent care footprint. The agreement, effective Tuesday, adds 19 urgent care clinics — including nine in Greater Baltimore — and about 300 employees to the MedStar organization, which runs 14 such centers for 200,000 patients annually in and around Baltimore and Washington, D.C. It positions MedStar to serve another 300,000 patients each year — and much more in the coronavirus era, said MedStar Ambulatory Services President Bob Gilbert in an interview. (Balt Bus Journal)

Read Full Article