Amount of venture capital raised by Maryland companies increases 142 percent in 2Q

Maryland companies raised $247 million in venture capital funding in the second quarter, the sixth consecutive quarter the state has raised at least $100 million. The state had 23 deals, up from 20 in the first quarter and 17 in the prior-year quarter, according to the PwC/CB Insights MoneyTree Report released Thursday. The total dollar amount was up 142 percent from $102.3 million a year ago but down 39 percent from $408 million in the fourth quarter. (Balt. Bus. Journal)

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Owner appeals decision to reject medical marijuana dispensary near Pasadena

A company whose application to open a medical marijuana dispensary near Pasadena was rejected has appealed the decision, arguing that it meets Anne Arundel County requirements. Maryland Physician Partners LLC’s bid to open a dispensary at 7609 Energy Parkway in Brandon Woods Business Park was rejected in April because the property did not immediately abut an arterial or higher classified road. (Balt. Sun)

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VA opening a new outpatient clinic near White Marsh

A new clinic for veterans is preparing to open near White Marsh at the Franklin Square Professional Center. The U.S. Department of Veterans Affairs leased 15,000 square feet of space at the medical center in eastern Baltimore County for the new clinic that will replace the Fort Howard VA Outpatient Clinic in North Point that closed in 2016. The property is now being eyed for private development. (Balt. Bus. Journal)

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Arts nonprofit plans to build studio on Silver Spring Library’s first floor

The Montgomery County Council on Tuesday moved ahead a proposal to lease the first floor of Silver Spring Library to a nonprofit that wants to turn it into an arts and entertainment center. The group Arts on the Block has plans to fill the 900 Wayne Ave. space with a mosaic workshop and digital design studio, retail storefront and gallery, as well as its administrative offices. But first, the council has a few tasks to complete. (Bethesda)

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July 11 // Port of Baltimore plans expansion for growing car shipments

After more cars and light trucks came through the Port of Baltimore in May than any month before, port officials are planning to turn an unused basin into a storage facility to handle the growing vehicle shipments. The port handled 61,058 auto and light truck imports and exports in May, beating its prior record of 60,624 set in November 2015. It handled more cars, light trucks and farm equipment than any other port in the country in 2017, according to port officials. (Balt. Sun)

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Annapolis Market House opening delayed to mid-July

Another deadline, another delay for the opening of the problem-plagued Annapolis Market House. The operators of the refurbished public space were hoping to throw America a birthday party, but impending electrical and health inspections delayed the July 4 goal, according to lessee Jody Danek. "We're feeling pretty comfortable with two weeks from now,” Danek said Thursday. The delay is another in a litany of setbacks for the city-owned market, which has struggled to hold on to vendors and operators for the last 15 years, since Hurricane Isabel flooded the structure in 2003. A series of disappointments and delays have marked the historic market’s comeback. Four mayors and $6 million later, the Market House seems to have its best chance yet. (Capital)

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Sagamore Spirit to donate all proceeds of limited edition whiskey to Ellicott City flood relief, rebuilding efforts

Sagamore Spirit announced today that it is donating the proceeds from its limited release of rye whiskey to Ellicott City Partnership’s flood relief and rebuilding efforts, according to a press news release. The Port Covington-based company, founded by Under Armour CEO Kevin Plank, decided to donate the proceeds from its entire supply of Cognac Finish Whiskey — an estimated 1,000 bottles — after Ellicott City was devastated in a flash flood in late May. (Balt. Sun)

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BWI proposes expedited, $60 million concourse expansion for Southwest Airlines

BWI Thurgood Marshall Airport wants the state to spend $60 million to expand Concourse A to handle Southwest Airlines’ growth. Southwest is Baltimore-Washington International’s top airline, accounting for 68 percent of the airport’s passengers last year, or 18.2 million people. Plans call for adding five new gates and passenger waiting areas as well as food and retail concession space and restrooms in a 55,000-square-foot addition, according to the Maryland Aviation Administration. The passenger hold rooms will be large enough to accommodate the 175 people Southwest’s new Boeing 737 MAX8 airliners can carry. (Balt. Sun)

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