Wegmans to open its 7th Maryland store in Germantown

Wegmans will open its newest Maryland store on Sept. 15 in Germantown with 600 employees. The grocery store will be the seventh in Maryland for Wegmans, an 81-store chain with stores in New York, Maryland, Virginia, Pennsylvania, New Jersey and Massachusetts. (Balt. Sun) 

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Sept. 6 // Maryland casinos report record haul

If you bet the over last month on Maryland’s gross gambling revenue, then it’s time to collect. Maryland’s four casinos raked in $71 million in August, a record for the state’s rapidly expanding gambling sector. More than $28 million was sent to the state’s Education Trust Fund in August. (Wash. Post)

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Outlet for upscale: Tanger Outlets GM looking to create ‘VIP’ shopping experiences

When Tanger Outlets approached Christi Wallace with the opportunity to head up its new project at National Harbor, she took awhile to make up her mind. She decided she couldn’t pass up the chance to be involved with a brand new project. She started with Tanger Outlets at National Harbor last month and has been donning her steel-toed construction boots ever since. (Wash. Bus. Journal)

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Carton Donofrio’s end hastened by changes in advertising world

Carton Donofrio Partners has weathered major changes in the world of advertising during its 50 years in business. But recent industry changes coupled with personal matters led the company to choose to close instead of adapting to an increasingly specialized industry. (Balt. Bus. Journal)

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IPOs rise to highest level since before recession

More companies have gone public in the first eight months this year than any similar period since pre-recession 2007, according to recent investment reports.This week, Rockville biotech MacroGenics became the latest from Montgomery County to file a registration statement with the U.S. Securities and Exchange Commission, for a proposed initial public offering of up to $60 million. (Gazette)

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Rockville’s economy looking up, report says

The worst of the economic downturn may be in the past, according to the Rockville city manager. In the city of Rockville’s annual report,  City Manager Barb Matthews wrote that increased property values, an uptick in economic development and building, and increasing income tax revenues are all good signs for Rockville’s economy. (Gazette)

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Jos. A. Bank reports 38% drop in quarterly profit

Difficulties continued in the second quarter for Jos. A. Bank Clothiers Inc., but shareholders reacted well to steps the men's retailer took to address their concerns. Jos. A. Bank announced Thursday that its profits slumped 38 percent in the quarter that ended Aug. 3 after a promotional campaign failed to lure shoppers. (Balt. Sun)

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Videology's Ferber calls Baltimore a 'great place to be'

Common sense may be calling Scott Ferber West, but for the time being, he doesn’t plan to answer the call. Ferber’s video advertising company, Videology, has been growing rapidly, with $135.7 million in revenue in 2012, landing the company a spot on Inc.’s fastest-growing companies list. (Balt. Bus. Journal)

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