Leggett signs county's new minimum wage law

Montgomery County Executive Isiah Leggett (D) signed the county’s new minimum wage law at a ceremony Thursday afternoon. The bill will raise the county’s minimum wage — which is now $7.25 — to $11.50 by 2017, including to $8.40 on Oct. 1, 2014. (Gazette)

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Rise in minimum wage could be devastating for small businesses in Washington County, chamber says

Kathleen Snyder, president and chief executive officer of the Maryland Chamber of Commerce, warned on Thursday that a rise in the state minimum wage could be devastating for small businesses in areas such as Washington County, and possibly lead to job losses and a contraction of business. (Herald-Mail)

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Emergent BioSolutions could invest up to $120M in Baltimore, CFO says

Emergent BioSolutions Inc.’s U.S. Health and Human Services contract to help produce flu vaccines in the event of a pandemic are key to the firm’s expansion, Chief Financial Officer Robert G. Kramer says. The Baltimore Development Corp. on Wednesday confirmed that it is offering a second $250,000 new job creation tax incentive to Emergent. (Balt. Bus. Journal)

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F.N.B.'s purchase of Baltimore County Savings Bank gets regulatory OK

F.N.B. Corp. has received regulatory approval needed to acquire the parent company of Baltimore County Savings Bank. The Office of the Comptroller of the Currency and the Office of the Commissioner of Financial Regulation of the Maryland Department of Labor, Licensing and Regulation both signed off on the deal first announced in June. (Balt. Bus. Journal)

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Jos. A. Bank Clothiers continues to review Men's Wearhouse offer

It could be a while before Jos. A. Bank Clothiers Inc. formally responds to the takeover offer from its rival Men's Wearhouse Inc., as executives focus on the key holiday retail selling season and other potential acquisitions. The board of the Hampstead-based retailer is reviewing Men's Wearhouse's $1.2 billion offer, Jos. Bank CEO R. Neal Black told analysts Thursday during a conference call after the release of its third quarter earnings. (Balt. Sun)

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Terra Nova Ventures' $19 million Clipper Mill Road project moves forward

Plans to turn a long, thin former cotton mill on the Jones Falls into apartments, offices and shopping space moved forward Wednesday, with a City Council committee endorsing a zoning change to enable Terra Nova Ventures' $19 million project on Clipper Mill Road. Terra Nova Ventures would convert the Whitehall Cotton Mill site into 27 apartments, about 25,000 sqare feet of office space, and 20,000 square feet of first-floor shopping, an area roughly twice the size of Belvedere Square. (Balt. Sun)

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Noble Life Sciences wins $100,000 TEDCO grant

Gaithersburg-based Noble Life Sciences has landed a $100,000 grant from the Maryland Technology Development Corp. (TEDCO) to study the effect of treatments for metastasis-causing tumor cells. The grant, according to a news release, "will be used to develop assays to determine the effect of cancer treatments on metastatic cells derived directly from patients." Noble Life Sciences is led by Ken Carter, former CEO of Germantown-based Avalon Pharmaceuticals. (Wash. Bus. Journal)

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Aereo will launch Internet TV service in Baltimore

Online television service Aereo Inc. plans to expand to the Baltimore area starting Dec. 16, offering monthly subscriptions starting at $8 for viewing or recording live television on smart phones, tablets and laptops, the Long Island City-based company said Thursday. The technology, which converts TV broadcast signals into computer data sent over the Internet, will be available to more than 2.7 million consumers in Baltimore city and Anne Arundel, Baltimore, Caroline, Carroll, Cecil, Harford, Howard, Kent, Queen Anne's and Talbot counties. (Balt. Sun)

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