A trade war with Europe would be larger and more damaging than Washington’s dispute with China

The United States has more to lose from a full-blown trade war with the EU than it does with its current conflict with China, experts have told CNBC. President Donald Trump has kept up his tough rhetoric against the European Union despite focusing on Chinese tariffs in recent months. But his administration is due to decide in November whether to impose duties on one of most important industries in Europe: autos. There have already been tariffs on European steel and aluminum — which led the bloc to impose duties of 25% on $2.8 billion of U.S. products in June 2018, and, there’s an ongoing dispute regarding Airbus and Boeing — (CNBC)

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Family Healthcare of Hagerstown receives nearly $118K in quality improvement grants

Family Healthcare of Hagerstown has a new title as one of the top health centers in the country — one of a number of accomplishments that comes with almost $118,000 in grant funding. The nonprofit facility on South Cleveland Avenue was announced Wednesday as being in the top 20% of health centers nationwide by the U.S. Department of Health and Human Services through its Quality Improvement Awards. In total, nearly $107 million in grants were given out to 1,273 health centers across nearly all U.S. states, territories and Washington, D.C. (Herald-Mail)

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Mayor says he’s confident economic development agency is on track

In response to a board member’s question about whether the Baltimore Development Corp. has lost direction, Baltimore Mayor Bernard C. “Jack” Young said Wednesday that he believes the city’s economic development agency is serving its purpose. Young, during a regular news conference at City Hall, said he wants to see more development in city neighborhoods. But overall, he said, he’s happy with the agency’s performance. “Their mission really hasn’t changed, except that I told them I want there to be more focus on community development in our city where they haven’t seen development in decades,” Young said, echoing a sentiment often espoused by former Mayor Catherine Pugh. (Daily Record)

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'Stuff like that's going to help downtown': Parade during rush hour doesn't worry employees

Downtown workers aren't too concerned about a parade closing several major roadways on Wednesday night. In fact, some say they're excited. "People love getting out of the office early," said Dave Brown, who provides legal tech support to law firms. All of Brown's afternoon appointments were canceled when the closures were announced, he told me Wednesday morning while standing at the intersection of Pratt and Light streets. The parade is part of the Prince Hall Shriners conference that has brought thousands of visitors into the city this week. (Balt. Bus. Journal)

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A townhouse community is part of a fresh start for suburban Md. neighborhoods

The community of North Quarter is part of the revitalization of North Bethesda and Rockville neighborhoods near Metro Red Line stations in Montgomery County, Md. This 8.5-acre development, off Randolph Road, offers four floor plans for townhouses that have three bedrooms and three bathrooms, at a minimum, and a two-car garage at the rear. Prices start at $639,900. When completed, North Quarter will have 104 residences, one of which has been sold. On-site amenities include mature trees, pocket parks, grilling stations and a tot lot. The community is near a shopping center and a neighborhood of detached houses. (Wash. Post)

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Gaithersburg, Lakeforest owner to negotiate development agreement

The new owners of the central part of Lakeforest Mall and the city of Gaithersburg will try to negotiate a development agreement for the 102-acre site rather than implementing a development moratorium and conducting a special study area process there.  The Gaithersburg Mayor and City Council voted 5-0 to authorize City Manager Tony Tomasello to negotiate an agreement with WRS Inc., which purchased the central core of the mall in late July and is trying to acquire the surrounding department store parcels. Tomasello explained at the Aug. 19 council meeting that he and his office will first negotiate a preliminary agreement that would then lead to a full development agreement. (Wash. Bus. Journal)

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Truist Bank taps local SunTrust veteran to lead Maryland

SunTrust Banks Inc. and BB&T Corp. have picked a SunTrust executive to lead operations in Maryland if they are able to close their mega-merger. Greg Farno, currently the Baltimore market president for SunTrust, will become Maryland regional president of Truist — the name the banks have chosen for the combined entity. Farno's appointment will take effect upon the legal close of the proposed $66 billion deal. Farno could not be reached immediately for comment. "The Truist Community Banking model will distinguish us from our larger competitors by allowing us to operate on a more personal level with individual and business clients, providing them with the kind of attention they expect from a hometown bank," a BB&T spokesman said. (Balt. Bus. Journal)

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Howard County trying to attract companies from Korea, other countries with new innovation center

Howard County officials are planning to dedicate space in a newly renovated innovation center to house startups from South Korea looking to make a "soft landing" in the North American market. Howard County Executive Calvin Ball recently signed a memorandum of understanding, signaling a new partnership between the Howard County Economic Development Authority (HCEDA) and Born2Global Center, a South Korea-based startup accelerator. The partnership will include the creation of a "soft landing" site at the Howard County Innovation Center, a five-floor, 63,000-square-foot center intended to support growing local businesses that is being constructed along Columbia Gateway Drive in Columbia. (Balt. Bus. Journal)

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