Maryland provides $1M loan for Chestertown warehouse

The Maryland Department of Commerce has approved a $1 million conditional loan to assist in Dixon Valve & Coupling’s construction of a 150,000-square-foot warehouse distribution center in Chestertown. The company broke ground on the facility, which represents a $22 million investment, in June. Dixon employs more than 340 people in Kent County. (Daily Record)

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Another Pratt Street building plans retail 'bump out'

The continued expansion of retail on Baltimore's Pratt Street is set to take another step Thursday. A proposal for a "bump out" build for new retail or eatery space of up to 3,875 square feet at 300 W. Pratt St. is on the agenda of the city design group. If it gets the OK, the project could add to the city's vision of a grand boulevard filled with street-level retail and restaurants. (Balt. Bus. Journal)

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October 11 // Casino industry pushes for action on sports betting in Maryland

Maryland legislators should take a closer look at sports betting this coming legislative session as a Supreme Court decision that could open the door to legalizing the practice nationwide looms, casino industry advocates said Tuesday. The nation's highest court is scheduled to take up a case challenging the Professional and Amateur Sports Protection Act – which restricts betting on sports games to Nevada and sports lotteries to a handful of other states – later this year. (Balt. Bus. Journal)

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Eddie's of Mt. Vernon could be among buildings demolished to make way for new development

A Baltimore developer is seeking permission to demolish the Eddie’s of Mount Vernon grocery store and the neighboring buildings to make way for a mixed-use development on West Eager Street. On Tuesday, Baltimore’s Commission for Historical and Architectural Preservation determined the buildings at 7-11, 13 and 15 W. Eager St. contribute to the neighborhood’s historical significance, temporarily blocking them from demolition. (Balt. Sun)

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Aberdeen will seek buyer for Ripken Stadium, while also managing 2018 events, mayor says

The City of Aberdeen is seeking “an interested party” to purchase Ripken Stadium after the Aberdeen IronBirds’ business entity — and sole tenant of the stadium — declined an offer to purchase the facility for $1, Mayor Patrick McGrady announced Monday evening. The city made the offer, with the full support of the four-member City Council, Oct. 3 following a closed council meeting on how to handle a relationship between Aberdeen and Tufton Professional Baseball, the organization that manages business affairs for the Aberdeen IronBirds. (Aegis)

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Maryland Theatre asks Hagerstown and Washington County for $3 million for theater expansion

Maryland Theatre leaders asked Washington County and Hagerstown officials Tuesday to commit $3 million toward construction of the downtown Hagerstown theater expansion. Theater Executive Director Jessica Green said $6 million remains to be raised toward the estimated $13 million project cost. That total includes more than $11 million for construction. Green and theater board President Benito Vattelana presented an update Tuesday to the Board of County Commissioners and Hagerstown mayor and City Council during a joint meeting at the county's administration complex. (Herald-Mail)

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Trump tax threat over anthem protests would have little effect on Ravens, NFL

President Donald Trump’s tweeted proposal on Tuesday to reverse the NFL’s “massive tax breaks” because of the ongoing player protests during the national anthem would have little effect on the league — which voluntarily relinquished its tax-exempt status in 2015 — or the Ravens. Like the other for-profit NFL teams, the Ravens — valued at $2.5 billion by Forbes magazine in September — pay taxes. (AP/Balt. Sun)

 

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Maryland companies raise $181M of venture capital in 3Q

Maryland companies raised $181.4 million from venture capitalists in the third quarter, a 435 percent increase from the year before. There were 13 deals involving Maryland companies in the period, according to the PwC/CB Insights MoneyTree Report released Wednesday. That's two more deals than in the third quarter last year and three fewer than in the second quarter. (Balt. Bus. Journal)

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