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Port Covington to get new name, branding in January

The $5.5 billion Port Covington project is poised to get a marketing makeover. The 235-acre redevelopment’s new partial owners said Thursday the project will be renamed and rebranded come January just as the first major office and multifamily buildings open up. “One year from now, we won’t be calling it Port Covington,” said MaryAnne Gilmartin, CEO of MAG Partners, the New York developer that bought into the project in May. “You will be excited when we reveal the new name. It’s a refresh.” The move is the latest by the new group of master developers who were brought in to advance the Port Covington project in May by Under Armour founder Kevin Plank.

Northrop Grumman’s Baltimore-area campus expands amid the journey back into space

In some ways, NASA’s journey to send humans back to the moon and beyond runs through the Baltimore region. Adjacent to Baltimore-Washington International Thurgood Marshall Airport, a three-story, 55,000-square-foot complex sits on the grounds of Northrop Grumman’s company site, with offices and production areas equipped with environmentally controlled 10K- and 100K-class clean rooms, remote sensing, robotic technology and augmented reality devices. It’s the company’s newest — and largest — Maryland Space Assembly and Test facility.

Sinclair dismisses report its sports broadcasting unit could be bought out by sports leagues and says it will launch new streaming platforms next week

Sinclair Broadcast Group, a Hunt Valley-based TV station owner, dismissed as “speculation” a report that it’s trying to sell its Diamond Sports unit to three professional sports leagues, even as plans were confirmed Thursday for the launch of new regional sports streaming services around the country next week. Sinclair bought the regional sports networks for $10.6 billion in 2019, but they were hit hard by pandemic-related disruptions and “cord cutting,” in which many fans have abandoned traditional cable TV.

Read More: Baltimore Sun
Transurban finds firm to build I-495/I-270 toll lanes, but timing questions remain

After a nearly two-year search, the consortium tapped to spearhead an ambitious toll lanes project in Montgomery County has found itself a construction partner. AM Partners, a conglomerate led by Transurban, announced on Wednesday that it has taken on Los Angeles-based Tutor Perini to design and build toll lanes along portions of the Capital Beltway and I-270. The project is a top priority for Gov. Larry Hogan (R), though it has roused opposition locally. Early last year, the Transurban group outbid two other conglomerates, despite the loss of its original construction partner, Archer Western, which separated from AM Partners for reasons that have never been made public.

From pivot to permanent: Two tales of how unprecedented times led to unexpected rewards

The COVID-19 pandemic hit small business owners hard, forcing virtually every business to explore new ways to reach their customers. For many, the challenges to keep the lights on led to some surprising results. The term “pivot” emerged as a buzzword to describe how businesses were changing the way they operated. Some of those changes were so impactful, they have become permanent fixtures. Here’s how two Maryland companies incorporated their pivot into daily operations.

Popular Annapolis, Baltimore restaurants sign on to open in Downtown Columbia

Downtown Columbia will soon add a new suite of restaurants and retailers, including the popular Baltimore-area tacos and tequila concept, Banditos, which will open in January. Banditos is one of 11 businesses to recently sign a lease with Howard Hughes Corp., the company behind the $5 billion, 30-year redevelopment of suburban Columbia’s core into a walkable, urban community.

Baltimore’s Port Covington snags local bank as first office tenant

CFG Bank has agreed to move its offices into 100,000 square feet at Port Covington, becoming the first office tenant in the massive South Baltimore development. Jack Dwyer, owner of the local bank, confirmed to the Baltimore Business Journal Wednesday that the company will relocate to the 235-acre, $5.5 billion development. The news was first reported by the Baltimore Banner. “It’s a great property and we’re happy to be the pioneers moving in,” Dwyer said.

Baltimore literacy nonprofit resumes in-person tutoring for elementary students, seeks 600 volunteers

Reading Partners Baltimore is looking for 600 community volunteers for its individualized tutoring program, which is set to resume in person this fall for the first time since the COVID-19 pandemic began. The national nonprofit organization, which plans to launch the program at 14 Baltimore city schools in coming weeks, provides students in under-resourced schools with one-on-one reading support to help them reach grade level by fourth grade, according to a news release Wednesday.

Read More: Baltimore Sun
AICPA receives finance business partner grant for Md. apprentices

The American Institute of Certified Public Accountants (AICPA) Wednesday announced it has received a grant of nearly $120,000 from the Maryland Department of Labor to expand its Registered Apprenticeship for Finance Business Partners in the state. The funds from the grant will cover instruction-related costs for a minimum of 25 new apprentices. Through the state’s Apprenticeship and Training Program, more than 12,000 apprentices are registered to be trained in new job skills with 3,879 employers across the state.

Montgomery County biotech MaxCyte unveils new HQ to expand headcount, manufacturing

Montgomery County life sciences firm MaxCyte Inc. is settling into a new headquarters and ramping up manufacturing and hiring, following a massive overhaul of the space to accommodate increasing demand and a growing headcount. The company, which markets a cell-engineering platform for pharmaceutical companies developing new drugs and therapies, now occupies its new home at 9713 Key West Avenue in Rockville — a 10-minute drive southeast of its former space at 21 and 22 Firstfield Road in Gaithersburg

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