Maryland Tedco seeks funding increase amid application boom

Six months into its fiscal year, the Maryland Technology Development Corp. has received almost as many applications from state startups looking for funding as it got in all of the previous year. As a result of the spike in demand, Tedco is asking the Maryland General Assembly for what Tedco President Robert Rosenbaum called “a substantial increase” in funding for fiscal 2015. The General Assembly convened for its annual session in Annapolis on Jan. 8. (Balt. Bus. Journal)

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H&S Bakery's distribution center could leave Fells Point by summer

H&S Bakery Inc. could move its distribution center out of Fells Point as early as summer, paving the way for a Harbor East expansion. H&S Bakery's Northeast Foods has selected Mullan Contracting Co. to build a distribution center in the Hollander 95 business park on Pulaski Highway near the county line. According to a construction timeline released by Mullan, site work is underway for a 27,000-square-foot office and distribution center and could wrap up “mid-summer.” (Balt. Bus. Journal)

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Baltimore-area home sales up 14 percent in 2013

The Baltimore region had its best year for home sales since the start of the recession, as the local housing market continued its slow recovery in 2013. About 27,750 units closed in 2013, up roughly 14 percent from 2012, according to data provided by RealEstate Business Intelligence, a subsidiary of the online listing service MRIS. In 2007, about 31,300 units sold, down from nearly 38,000 in 2006. (Balt. Sun)

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Pushing for a 'brighter, better Belair Road'

When Baltimore restaurateur Casey Jenkins opens the Birdland Sports Bar & Grill on Belair Road this month, it will be one of a few sit-down restaurants along the commercial strip. But he, and many others, hope it won't be the last. City, county and neighborhood groups are coalescing around efforts to revitalize the U.S. 1 drag, a corridor once known for its car dealerships and now a hodgepodge of rim shops, takeout joints and convenience stores. (Balt. Sun)

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Merger action? Just you wait 

A few major deals led Maryland’s mergers and acquisitions activity in the final quarter of 2013, and the deal count crept up slightly. But observers say 2014 will be a year to watch. “The economic outlook is improving,” said Philip McMann, partner at Rockville-based M&A adviser Aronson Capital Partners. “A lot of companies, in terms of capital deployment, they were buying back their shares or increasing their dividends … [now] they’re looking to make acquisitions again.” (Daily Record)

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Negotiations between FirstEnergy, unions center on retiree health care

Just listening to them, it sounds as though there still are some wide gaps between officials of FirstEnergy Corp. and negotiators for the union local that covers the Tri-State area. For instance, they don’t even agree on whether members of Utility Workers Union of America Local 102 currently are working under an active contract or one that’s expired. (Herald-Mail)

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Dominion Power awards MedStar St. Mary's Hospital with grant

Dominion Power presented MedStar St. Mary’s Hospital with $9,000 to implement an electronic medical record  for Get Connected to Health patients and $3,239 to install new computers onboard the Dr. J. Patrick Jarboe Mobile Health Center. The MedStar St. Mary’s Get Connected to Health mobile health center provides primary medical care to underserved residents of St. Mary’s County. (So. Md. News)

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Legislation would increase liquor license fees, start countywide compliance checks

The Carroll delegation introduced two bills which would raise prices for liquor licenses in the county, remove reimbursements for funds to the towns and, instead, hopefully introduce compliance programs to curb underage drinking. On Jan. 6, the delegation met with the Carroll County Board of License Commissioners, otherwise known as the liquor board, to discuss increasing license fees charged to businesses that sell liquor. (Carr. Co. Times)

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