CFG Community Bank owner donates $100K in honor of Capital Gazette staffers

Jack Dwyer, the owner of CFG Community Bank, has donated $100,000 to the Capital Gazette Memorial Scholarship Fund set up in memory of those who were killed less than two weeks ago. Dwyer said in a statement the June 28 shooting at the Capital's office in Annapolis that left five people dead "hit close to home" because CFG Community Bank has a branch in the same building at 888 Bestgate Rd. “My heart breaks for the families, friends and coworkers of the Capital Gazette," Dwyer said. (Balt. Bus. Journal)

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Cordish Cos. building hotel in complex adjacent to Cardinals' Busch Stadium

The Cordish Companies, the Baltimore-based developer of the Live entertainment and casino complexes, has begun building a $65 million hotel in St. Louis, Mo., inside a complex adjacent to Busch Stadium, the company said Tuesday. The Live branded hotel flagged by Loews Hotels & Co. will anchor the $260 million second phase of Ballpark Village, a mixed-use dining and entertainment district developed by The Cordish Cos. and the St. Louis Cardinals. The Cordish Cos. is preparing to move forward on the second phase of construction near the baseball stadium in St. Louis, after the city's Board of Aldermen narrowly approved a tax deal to support the project. (Balt. Sun)

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These companies were Greater Baltimore's top corporate philanthropists in 2017

Nationwide, companies gave more than $20 billion to charity in 2017, an increase of 8 percent from 2016, according to Charity Navigator. Greater Baltimore corporations both big and small were part of this upward trend, donating their time and money to a variety of area nonprofits last year. But what Greater Baltimore companies were the most generous donors? (Balt. Bus. Journal)

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Bassmaster Tournament Coming To Maryland

Excitement is building in Harford County as some of the best fishermen in the country will soon hit the water for the Bassmaster Elite Tournament of the Chesapeake Bay. “This is a very large event. We’re very excited to have Bassmasters come to town. We’re expecting $3 to $4 million of economic impact to Harford County by the time you talk about hotel rooms and people eating in our restaurants and shopping in our stores. Fans will be coming in from the mid-Atlantic and across the country,” said Greg Pizzuto, executive director of Visit Harford. (WJZ-CBS)

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Harbor East Marina completes its $9 million renovation in time for a major yacht expo

Baltimore's Harbor East Marina recently completed a two-phase, nearly $9 million renovation to update its aging floating docks and electrical systems. The 184-slip facility embarked on the updates in fall 2016 as part of an agreement between its owner, Oasis Marinas, and Baltimore Development Corp. Work was completed in May after two years of construction during the fall and winter seasons. (Balt. Bus. Journal)

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Cybersecurity provider Mimecast acquires Bethesda company

International email and data security company Mimecast Ltd. has acquired Ataata Inc., a Bethesda cybersecurity training and awareness platform. Terms were not disclosed. Ataata's 20-person team will become part of Mimecast's product management team. Ataata, founded in 2016, provides a cybersecurity education platform to protect against cyber threats caused by human error in the workplace. (Wash. Bus. Journal)

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July 10 // Maryland insurers say Trump Administration to cut health payments destabilizes market

Maryland’s health insurance companies are concerned that a Trump administration decision to suspend payments that help to cover the costs of the sickest patients will further destabilize the market and could push them to seek even higher premiums on plans consumers already say are too expensive. The Centers for Medicare & Medicaid Services announced over the weekend that it was freezing billions of dollars in so-called risk adjustment payments for plans under the Affordable Care Act, also known as Obamacare, because of a court decision earlier this year that deemed the formula for determining these payments unlawful. (Balt. Sun)

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Pugh says expanding Baltimore Convention Center a top priority alongside Pimlico, but funds are uncertain

Finding the money to expand the Baltimore Convention Center by 400,000 square feet will be the next phase of an ongoing study by the Maryland Stadium Authority. The initial phase of the $1 million study recommended the expansion of the existing 1.2 million square feet, along with a 500-room full-service hotel where the Sheraton Inner Harbor now stands. A plan to add a new arena to the complex was nixed by consultants. (Balt. Bus. Journal)

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