Baltimore preservation panel OKs 10-story apartment, retail project in Mount Vernon

A $35 million, 10-story apartment and retail development planned for historic Mount Vernon was given a green light by a city panel Tuesday. After more than two hours of testimony, the design for the building at the corner of Eager and Cathedral streets was approved unanimously by the Commission for Historical and Architectural Preservation even though it exceeded height restrictions for new development in that part of the community. (Balt. Bus. Journal)

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'Money Guys' successor barred by Maryland Attorney General's Office

The Maryland Attorney General's Office has barred the successor to the "Money Guys" from doing business in the state because of numerous securities violations, including engaging in "dishonest and unethical practices." Perry C. Santillo Jr. and his associated businesses — High Point Insurance Solutions and High Point Wealth Management — acquired Everest Wealth Management and Everest Investment Advisors last year after those firms and founder Philip Rousseaux were barred by the Attorney General's Office, according to a March 29 order signed by Securities Commissioner Melanie Senter Lubin. (Wash. Bus. Journal)

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Three finalists to vie for $2 million in DataTribe cyber competition

Fulton's DataTribe cybersecurity startup incubator has selected three finalist firms that will vie for up to $2 million in seed capital in its first cyber funding competition. The competition will offer the three finalist companies $20,000 in prize money to split. And a winning company — or companies — will ultimately be selected to receive $2 million in funding and additional services from DataTribe. Nearly 100 companies submitted applications for this inaugural competition. (Balt. Bus. Journal)

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Topgolf in South Baltimore inches closer as deal to move BARCS heads to vote

A push to add a Topgolf to a new entertainment zone near M&T Bank Stadium could be one step closer to reality. The city's Board of Estimates is set to vote Wednesday on a new space for the Baltimore Animal Rescue and Care Shelter, freeing up a key parcel of land in South Baltimore for the golf attraction. Caves Valley Partners was the only development team to respond last April to a Baltimore Development Corp. request for proposals for redevelopment of a 2.5-acre parcel of city-owned land at 301 Stockholm St. where the BARCs is currently located. Adjacent land would also be used for Topgolf. (Balt. Bus. Journal)

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Home prices continue upward trend in March as sales falter

Home prices continued to rise in March even as the number of sales dropped amid weak supply, a new housing report finds. The median price in the Baltimore metro area was $259,000, up 5.7 percent or $14,000, from a year ago and was the highest sales price in March of the decade, according to data provided by MarketStats by ShowingTime, based on listing activity from Bright MLS. But the total number of sales dropped 6.3 percent to 3,081 last month and the number of new contracts contracted 9.9 percent to 4,221, the report found. (Balt. Sun)

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April 10 // Maryland lawmakers vote to expand medical marijuana industry with plan to expand diversity

Maryland lawmakers on Monday approved legislation that expands the state’s burgeoning medical marijuana industry in a way that gives minority-owned companies a better shot at opening a new cannabis business. The plan, passed by the Senate Monday and the House of Delegates this weekend, would issue seven new cannabis growing and 13 new cannabis processing licenses. The bill calls for an award process that uses an application that takes race — and the barriers for minorities starting a marijuana firm — into account. (Balt. Sun)

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Women in Maryland earn 84 cents for every dollar earned by men

The gender gap in wages has widened by a penny in Maryland over the past two years, with women in the state typically paid 84 cents for every dollar paid to men, according to a study released Monday. The wage difference means Maryland women who are employed full-time earn $10,074 on average less than their male counterparts, the analysis shows. (Balt. Sun)

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CareFirst issues RFP as part of program to fight opioid abuse

CareFirst BlueCross BlueShield has put out a call for organizations to help with a program to increase substance use disorder services and opioid addiction treatment. As part of recently issued request for proposals, Baltimore-based CareFirst plans to award $1.5 million over two years to qualified nonprofit organizations and public entities to support programs working to expand access to outpatient treatment services and care coordination for individuals battling substance use disorders in Maryland, Washington, D.C., and Northern Virginia. (Balt. Bus. Journal)

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