DraftKings Spends Over $200K To Fund Group Urging Maryland Voters To Legalize Sports Betting

There’s a new campaign to have Marylanders “vote yes” on the November ballot. DraftKings funded $250,000 to help fund the advocacy group “Vote Yes On Question 2.” The campaign is urging voters to support the second question on the ballot that would legalize sports betting in Maryland. (WJZ-TV)

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Hungry Harvest closes $14 million round amid Covid-induced business boom

Hungry Harvest, the Baltimore produce delivery company that grew out of the University of Maryland, has closed its Series A round of funding with $13.7 million in venture capital to show for it. Hungry Harvest had already raised about $7.25 million toward the Series A earlier this year. The oversubscribed round was led by Creadev, a firm based in Paris that invests in food, health care and sustainability ventures. Existing and new investors also participated, including New York's Danone Manifesto Ventures, Switzerland-based Quadia and Ohio's Maywic Select Investments. (Wash Journal)

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Restaurateurs ask Gov. Hogan to ease indoor dining restrictions

The head of the Maryland Restaurant Association is asking Gov. Larry Hogan to increase indoor dining capacity from 50% to 75%. “Pretty soon we are going to get to the point where outdoor dining is not a viable option for restaurants,” said MRA President Marshall Weston. “As the weather begins to turn and as we forecast how difficult it is going to be to get through the end of this year, we really need to see an increased indoor capacity for restaurants in order for them to help survive this pandemic." (WBAL)

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Chase Bank opening branch in South Baltimore’s Cherry Hill as neighborhood’s first national bank

Chase Bank will open a retail branch Wednesday in South Baltimore’s Cherry Hill community, becoming the first national bank to set up shop in the neighborhood.The  unit of New York-based JPMorgan Chase, which pledged to add as many as 20 branches and 40 ATMs in the Baltimore area, already has opened three branches in Baltimore — in Harbor East, Roland Park and Charles Village — since the company announced its expansion in 2018. It’s the largest bank in the United States, with over $2.6 trillion in assets. (Balt Sun)

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Baltimore-based Laureate Education to sell off South American universities, Walden University

Baltimore-based Laureate Education Inc. is selling off much of its higher education network in Latin America with the planned sale of universities in Brazil, and also is exiting the U.S. market with a sale of Walden University. The international higher education company said Sunday that it has agreed to sell its Brazilian operations to Ser Educacional S.A., a Brazil-based network of educational institutions, in a deal valued at $724 million at the current exchange rate and share value. (Balt Sun)

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Royal Farms Donates Truckload Of Food To Anne Arundel County Food Bank

Royal Farms is giving back to families in need of food amid the coronavirus. The company delivered a tractor-trailer filled with donated food to the Anne Arundel County Food Bank on Tuesday. The truck was filled with cases of milk, orange juice, bottled water, bread, lunch meat and granola bars. (WJZ-TV)

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The Local Oyster will open a new location at Anthem House in Locust Point

Mount Vernon Marketplace staple The Local Oyster is expanding to Locust Point. The seafood bar will open a second Baltimore City location in the Anthem House & A2 development next spring, owner Nick Schauman said Tuesday. The Local Oyster will take over a corner building at 838 E. Fort Ave. that used to be home to Rallo's Restaurant and Big Matty's Diner. (Balt Bus Journal)

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Under Armour debuts its first women's basketball sneaker

Under Armour Inc.'s first basketball sneaker designed specifically for women will hit shelves Thursday as the sportswear maker looks to make inroads in two key areas aimed to drive future growth. Baltimore-based Under Armour unveiled its UA HOVR Breakthru on Tuesday. The shoe, in the works since last fall, will be available exclusively at Dick's Sporting Goods stores, Under Armour (NYSE: UAA) brand houses in Boston and Chicago, and online. Under Armour launched its first line of basketball footwear for men in 2010. (Balt Bus Journal)


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