Despite doubts about race's future at Pimlico, record crowd turns out for Preakness

The Preakness Stakes, Maryland's biggest and splashiest party, returned Saturday even as wistful fans in a record crowd of 140,327 wondered whether they were witnessing one of the last editions of the marquee event at 147-year-old Pimlico Race Course. The Canadian firm that owns the historic venue in Northwest Baltimore has been openly considering moving the Preakness to the track it owns in Laurel. But a racing official assured that if the Preakness leaves Baltimore, it won't be abruptly. (Balt. Sun)

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Comptroller tells Mount Airy he plans to push brewery law reform

If Maryland Comptroller Peter Franchot had his way, Maryland would be the easiest state for new breweries. The comptroller visited Mount Airy on Thursday and spoke with members of the Town Council, residents and business owners about fraud, the state's economy and his plans for reforming Maryland alcohol laws. (Carr. Co. Times)

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Jobs act designed to jumpstart manufacturing locally

A jobs act signed into law recently by Gov. Larry Hogan will offer 10-year tax credits and eliminate filing fees for manufacturing companies wishing to locate in Western Maryland and other struggling areas of the state. Known as the More Jobs for Marylanders Act of 2017, the legislation passed nearly unanimously in the House and Senate. Sen. George Edwards was a co-sponsor for the bill. (Times-News)

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Pr. George's only medical marijuana facility raises $8 million for buildout

Medical marijuana company Holistic Industries LLC has raised more than $8 million to complete building out its cultivation and processing facility in Capitol Heights, the company said Friday. Holistic Industries, one of 15 companies in Maryland and the only one in Prince George's to be provisionally licensed to cultivate medical marijuana, raised the funds through private convertible debt offerings. The money will also support the purchase state-of-the-art fixtures and equipment. (Wash. Bus. Journal)

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Maryland added 3,500 jobs in April

Maryland added 3,500 jobs in April, but the state's unemployment rate ticked up slightly, as more people joined the workforce than were able to find jobs, according to the latest federal employment report. Maryland had an unemployment rate of 4.3 percent in April, up one-tenth percent from March and just below the national rate of 4.4 percent, according to new estimates released Friday by the U.S. Department of Labor. (Balt. Sun)

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Janney Montgomery Scott will be first tenant at Stadium Square

Janney Montgomery Scott has become the first tenant to sign on at Stadium Square, a development of offices, stores and apartments in South Baltimore. The financial services company plans to move into the first completed office building, at 145 W. Ostend St., by the end of the summer, developer Caves Valley Partners said Friday. (Balt. Sun)

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Union Craft expansion adds to growing economic impact of craft makers in Baltimore

 

The narrow, black-and-white Union Craft Brewing sign that points to its low brick building on the west side of Interstate 83 in Woodberry is painted on an old chimney, so it won't go with the brewery as it relocates about a quarter mile north to another warehouse east of the highway. That short move is a big step for the growing brewery and for Baltimore's emerging craft manufacturing economy.  Union Craft plans to redevelop a 10.5-acre Medfield site formerly occupied by plastics maker Hedwin Corp. as manufacturing and retail space for itself and other growing Baltimore firms. (Balt. Sun)

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Early plans call for luxury housing, restaurants to finish Rockville Metro plaza

A Potomac developer has unveiled a vision for a mixed-use development with luxury homes, shops and restaurants that would fill the gap between the Rockville Metro station and Rockville Town Center. The preliminary proposal shared with Bethesda Beat on Friday calls for constructing 240,000 square feet, including 240 homes and about 8,000 square feet of ground-floor retail, on the site at 220 E. Middle Lane. (Bethesda)

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