Montgomery businesses lament minimum-wage hike, permitting process

Revenue at Seibel’s Restaurant in Burtonsville has declined slightly each year since 2006 but may turn a corner this year with a 2 percent increase, co-owner Lynn Martins said. But if a minimum-wage hike proposed by Montgomery County Councilman Marc Elrich is passed, she said the family business, which dates to 1939, could return to singing the blues. (Gazette)

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TIC Gums expands in Harford County

TIC Gums in Harford County is perhaps the biggest privately owned player in an invisible part of the food industry. It's not chewing gum, though the company does get some visitors who assume that's what it makes. The name refers to a different kind of gum — the type known as hydrocolloids, which hold the ingredients in your ranch dressing together and influence the way food feels in your mouth. The natural additives give many products their texture and consistency. (Balt. Sun)

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Second phase of White Flint's Pike & Rose development moving forward

The next phase of development of White Flint’s Pike & Rose is expected to encompass six blocks of construction, including a boutique hotel, retail space, residences and offices, according to a news release from Federal Realty Investment Trust, which is building the project. The Montgomery County Planning Board last week approved the site plan for the second phase of the mixed-use Pike & Rose development in the White Flint sector. (Gazette)

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Slight changes in costs and timeline for new hospital in Prince George’s County

The proposed cost of a new, acute care hospital in Prince George’s County is slightly less than earlier estimates, new documents show. Dimensions Healthcare System’s application to Maryland regulators says that the new hospital, planned for Largo, would cost about $630 million, rather than the $645 million officials had previously projected. Of that amount, about $416 million, divided evenly, will come from the public funds from the state and from Prince George’s County. The rest will come from bonds, loans and other lines of credit, documents show. (Wash. Post)

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Revere Bank takes space, will open branch in Gaithersburg

Revere Bank, one of the larger commercial lenders in the Washington area, is about the raise its profile in Montgomery County. The Laurel-based bank recently inked a 10-year lease for 10,000 square feet in an office building on West Diamond Road in Gaithersburg. The deal, the terms of which were not disclosed, includes signage on the building, which faces busy Interstate 270. That will put Revere Bank’s name in front of the thousands of commuters who pass by daily, Revere CEO Andrew Flott said. (Balt. Bus. Journal)

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As Santoni's prepares to close, debt and a lawsuit add to troubles

A major vendor for Santoni’s Super Market of Highlandtown filed a nearly $19,000 claim against the grocery store in August. The suit is an indication that the grocery store is suffering financial difficulties beyond the impact of Baltimore’s bottle tax, which Santoni’s Chief Financial Officer Rob N. Santoni Jr. cited as the reason he must close the store soon. (Balt. Bus. Journal)

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Johns Hopkins Hospital president backs Medicare waiver, acknowledges challenges

Maryland’s new proposal for updating its Medicare waiver won’t be easy for hospitals, the president of Johns Hopkins Hospital says, but it’s the right thing to do. Hospitals as a whole have said they support the state’s updated version of its Medicare waiver proposal, a reversal of their earlier opposition to the new plan. (Balt. Bus. Journal)

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Oct. 15 // Amtrak sees ridership bump in Maryland, nationwide

Amtrak saw record ridership in fiscal year 2013, including tens of thousands of additional riders out of Baltimore's Penn Station, the company said Monday. Total national ridership reached 31.6 million, about 400,000 more than in 2012, the company said. The system has seen ridership growth in 10 out of the last 11 years, the exception being 2009. (Balt. Sun)

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