Maryland biotech tax credit program draws 150 hopefuls

A total of 150 investors are vying for Maryland’s biotechnology tax credit this year, compared with 125 applicants last year. Maryland’s Biotechnology Investment Incentive Tax Credit program gives tax credits to individuals and companies that invest in Maryland-based biotechnology startups. (Balt. Bus. Journal)

Read Full Article

Kernan hospital changing name

Kernan Orthopaedics and Rehabilitation Hospital is changing its name to better reflect its ties to the University of Maryland Medical System. The hospital will be known as the University of Maryland Rehabilitation & Orthopaedic Institute effective this month. The new name is also meant to reflect its focus on innovation and research. (Balt. Sun)

Read Full Article

Maryland Life magazine to cease publication

Maryland Life's June issue will be its last because of insufficient advertising sales, the publisher of the Frederick-based tourism magazine said Monday."The current economic environment required a level of sales that was difficult to achieve with our current resources," said Dan Patrell, president of publisher Great State Publishing LLC, in an announcement to the company's board. (Balt. Sun)

Read Full Article

Legg Mason's Bill Miller at top again in WSJ ranking

Baltimore's Legg Mason Opportunity Trust, co-managed by well-known stock-picker Bill Miller, is the top-ranked U.S. diversified stock fund for the third consecutive quarter, according to a Wall Street Journal ranking. (Balt. Sun)

Read Full Article

Ray Lewis lends vision to Under Armour's new football ad

Under Armour's newest football commercial begins with high school players rushing to a practice field set beneath the Baltimore skyline .Some carry their gear through subway turnstiles. Others pedal furiously on bikes. A few jump into the bed of a pickup truck that halts just long enough for them to settle in for the ride. Ray Lewis, the retired Ravens linebacker, suggested that last scene based on his own memories of finding his way to practice long before he thought about a pro career. (Balt. Sun)

Read Full Article

Does Maryland casino boom worry Atlantic City?

Atlantic City tourism officials should be getting quite an eyeful on Wednesday. That’s the day New Jersey releases its casino revenue figures. And it just might also be the day when Garden State officials get a sense of how big a bite Maryland’s casinos have taken out of the boardwalk. (Balt. Bus. Journal)

Read Full Article

Maryland casinos' June revenue reaches $66.5 million

Maryland's four casinos took in about $66.5 million in revenue in June, capping a fiscal year in which they far exceeded expectations, the Maryland Lottery and Gaming Control Agency announced Friday. Even with stiff competition from more established gambling destinations in Atlantic City, N.J., and casinos in neighboring Delaware and Pennsylvania, Maryland's nascent industry has exceeded what state financial analysts had anticipated. (Balt. Sun)

Read Full Article

Convenience store competition heats up

Call it the battle of fried chicken versus made-to-order hoagies, both served with a side of gasoline. Competition among convenience store chains in the Baltimore area has heated up as retailers vie to win over consumers by redefining and expanding "convenience." Chains such as Baltimore's own Royal Farms, along with Pennsylvania's Wawa and national chain 7-Eleven, are rushing to build new stores, remodel existing ones, boost assortments of meals to go and, more often than not, sell gas out front. (Balt. Sun)

Read Full Article