Venture capital investments in Maryland soar by 115% in second quarter

Venture capitalists invested $318 million in young Maryland companies from April through June, an increase of 115 percent from the first quarter, according to a report released Friday by PricewaterhouseCoopers. About half of that financing, or $150 million, went to Precision for Medicine Inc., a Chevy Chase company that provides services for medical drug discovery, the report said. (Balt. Sun)

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Rest of Annapolis' Market House to open in August

The rest of the Market House vendors - who the mayor vowed would open this spring - will probably open their stalls toward the end of summer, Annapolis officials said Thursday. One of eight stalls, Amsterdam Falafelshop, opened on June 20. But the others - Yellowfin Seafood, Hard Bean Cafe, Carl’s Corned Beef & Deli, Midship Fresh Bar, Annapolis Organic Market, Good Life Smoothie Bar and Firenze Gelateria - are in various stages of the construction and permitting process. (Capital)

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Franchot: Health insurance tax credits are available now for small businesses

Small businesses don’t have to wait until 2014 to get a health insurance tax credit and Maryland Comptroller Peter Franchot wants everyone to know it. Franchot will be sending letters to 5,000 small businesses in Howard County that currently qualify for the tax credit in an effort to spread the word. (Balt. Bus. Journal)

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Sinclair accuses Time Warner of breach of contract

Sinclair Broadcast Group is suing Time Warner Cable, claiming Time Warner breached a contract between the two companies by moving a Syracuse, N.Y., TV station managed by Sinclair to a less favorable tier on Time Warner’s cable lineup. (Balt. Bus. Journal)

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Aaron’s becomes Aberdeen IronBirds sponsor

 

Aaron’s Inc. will sponsor the Aberdeen IronBirds, the Class-A short season affiliate of the Baltimore Orioles, for the 2013 baseball season. The IronBirds will outfit the entire club level at Ripken Stadium with Aaron’s home furnishings, as well as all suites within the stadium. In return, Atlanta-based Aaron’s will get a permanent branded destination in the seating bowl to operate the “Aaron’s Best Seat in the House Promotion,” in which the IronBirds upgrade a pair of lucky fans to sit in recliners and watch the game from the Open Air Cafe located directly behind home plate. (Balt. Bus. Journal)

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The 6 most common Harbor Point arguments

The City Council’s hearing on the $107 million Harbor Point tax-increment financing plan offered plenty of arguments for and against what’s likely to be the biggest real estate project of the decade in Baltimore. Councilman Carl Stokes, the chairman of the taxation committee that held Wednesday’s hearing, is extending the hearings into August. That will provide plenty of time for supporters and the opposition to chew on the facts and talking points laid out last night. (Balt. Bus. Journal)

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City makes way for Wal-Mart on Frederick Towne Mall site

The stage is set for a third Wal-Mart in Frederick. After hearing more than an hour of impassioned public comment Thursday, the city's Board of Aldermen voted 5-0 to rezone the Frederick Towne Mall property. The rezoning will allow Rockwood Capital, which owns the 20 acres on U.S. 40, to move forward with a proposal to bulldoze the nearly vacant mall and build a Wal-Mart. (News-Post)

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Montgomery Co. Planning Board approves major Clarksburg retail development

The Montgomery County Planning Board on Thursday approved a major mixed-use development for Clarksburg’s Cabin Branch community west of Interstate 270 that is expected to include specialty retail, restaurants and offices. (Wash. Post)

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