Worcester to participate in new revolving loan fund program

A new loan program is expected to spur small business growth on the Lower Shore. The Worcester County Commissioners agreed last week to participate in the Tri-County Council’s new Lower Shore Revolving Loan Fund. “I think it’s important to credit our commissioners for understanding the relevance of this,” said Merry Mears, Worcester County’s director of economic development. “They didn’t hesitate because they understand the viability of it and the good work it will do in our community.” (Dispatch)

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Washington County home sales slip in November

Washington County home sales declined in November compared to the same month a year ago, according to figures released this week by Maryland Realtors. Throughout the state, however, the number of homes sold and the average price increased. "The late autumn is traditionally a slow selling season for residential real estate, however, November's data is very encouraging," Maryland Realtors President Boyd Campbell said in a news release. (Herald-Mail)

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December 14 // Maryland plan to build toll lanes on Beltway, I-270 piques companies’ interest

 

Maryland Transportation Secretary Pete K. Rahn dangled a $9 billion carrot Wednesday in front of more than 100 companies potentially interested in adding express toll lanes to the Capital Beltway, Interstate 270 and the Baltimore-Washington Parkway. “It’s amazing,” Rahn quipped to more than 320 highway engineers, designers and builders in a ballroom at the BWI Airport Marriott in Linthicum. “You can get a lot of attention when you put a nine in front of a ‘B.’” (Wash. Post)

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Businesses from Baltimore to D.C. region will need 135K more workers in next 5 years — many in digital roles

Employers participating in a business alliance that stretches from Baltimore to Richmond, Va., will need to hire more than 135,000 workers — including thousands of “digital tech” workers — over the next five years to fill open jobs, the group said in a report released Wednesday. About 20,000 of those open jobs will be for positions in 20 occupations with high levels of digital activity, such as software developers and programmers, computer support, database and systems, technology and engineering, and information systems, according to the Greater Washington Partnership, a civic alliance of CEOs of companies that employ more than 175,000 workers in the region. (Balt. Sun)

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Cashless payments to be offered at some state medical marijuana dispensaries

As Maryland’s first medical marijuana dispensaries began opening this month, some are turning to a cashless payment system they hope will make transactions safer and more convenient. CanPay, a mobile app designed to allow debit payments in the cash-heavy cannabis industry, has expanded into Maryland. It will be offered initially at about half of 10 state-licensed dispensaries, all of which have opened or are set to open within the next few months. (Balt. Sun)

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Royal Farms Arena operator SMG Holdings to be acquired

SMG Holdings Inc., which operates the Royal Farms Arena in Baltimore and many other venues, will be acquired by Canadian private equity fund Onex Corp. The deal, which Onex announced this week, is expected to close early next year. Financial terms were not disclosed. “SMG is the global gold standard in venue management,” Amir Motamedi, a managing director with Onex, said in a statement. (Balt. Sun)

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Howard County’s first medical marijuana dispensaries ready to open

Howard County will soon be home to two medical marijuana dispensaries, as the state’s first licensed dispensary locations begin to open their doors. Remedy Columbia and Greenhouse Wellness in Ellicott City are set to open in the coming weeks to bring residents some of Maryland’s first legal medical marijuana. Both locations are ready to open as soon as they have received product from marijuana growers. (Ho. Co. Times)

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Stewart Greenebaum, Md. developer and philanthropist, dies

Stewart J. Greenebaum, a prolific developer and donor who gave millions to Baltimore-area institutions, died Sunday. He was 81. Greenebaum was behind such projects as Maple Lawn in Howard County and Shipley's Choice in Anne Arundel. His company, Greenebaum and Rose Associates, also developed residential communities across the region, spanning from Pikesville to Pasadena. (Balt. Bus. Journal)

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