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Under Armour moving global headquarters to Baltimore Peninsula next week
November 8, 2024 -

Under Armour’s long-awaited move into a new global headquarters in South Baltimore will begin next week, President and CEO Kevin Plank told investors Thursday morning. The company’s arrival to the five-story, 280,000-square-foot building is a watershed moment for the Baltimore Peninsula, the ambitious development project that’s been almost a decade in the making.

Read More: The Baltimore Banner
Frederick company gets money for smallpox research
November 8, 2024 -

The Frederick biotechnology company BioFactura has announced $7.8 million in new contract activations to study a treatment for a potential smallpox outbreak. The company has gotten contract option activations worth $7.8 million by the Biomedical Advanced Research and Development Authority, according to a news release Tuesday.

Read More: Frederick News Post
Maryland cannabis company releases seltzer
November 8, 2024 -

One of Maryland’s largest cannabis companies is expanding into the beverage market by creating an alternative to alcoholic seltzers. Cecil County-based SunMed Growers launched a brand of cannabis-infused drinks last week called Sunnies Socials, which are available in 50 dispensaries across the state. Founder Jake Van Wingerden believes drinks are a natural next step for cannabis companies, since many people may feel uncomfortable smoking in front of non-smokers.

Read More: Baltimore Business Journal
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Physical therapy company plans two more offices as demand grows
November 7, 2024 -

A Hunt Valley-based physical therapy company is opening in Under Armour Inc.’s new headquarters and has plans for two new clinics as demand for rehabilitative services grows. FX Physical Therapy will move an office into Under Armour’s new Baltimore Peninsula headquarters in December, exclusively for Under Armour employees, and will follow that up with new public clinics in Eldersburg and Waugh Chapel in Gambrills.

Read More: Baltimore Business Journal
Trump’s proposed tariffs could raise prices for consumers and slow spending
November 7, 2024 -

For retailers and consumers finally feeling some relief from inflation, President-elect Donald Trump’s tariffs proposal introduces fresh uncertainty around how prices could change during his presidency, analysts said Wednesday. Trump, who NBC News projects won a second term in a decisive victory, said during his presidential campaign that he would impose a 10% to 20% tariff on all imports, including tariffs as high as 60% to 100% for goods from China.

 

Read More: CNBC
Visit Harford in line to get county funds amid lawsuit
November 7, 2024 -

Visit Harford Inc. is in line to receive county funding once again even as a legal battle between the county and the nonprofit tourism organization rages on. The Harford County Council passed a bill Tuesday that would more clearly establish Visit Harford as the county’s primary tourism organization and ensure it receives a portion of the county’s hotel occupancy tax.

Read More: Baltimore Business Journal
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Boeing machinists end strike after approving labor contract with 38% raises
November 6, 2024 -

Boeing machinists approved a new labor deal Monday, ending a costly seven-week strike that halted most of the company’s aircraft production, worsening its mounting losses. Machinists voted 59% in favor of the new contract, which includes 38% wage increases over four years and other improvements. The approval is a relief for Boeing’s new CEO, Kelly Ortberg, who took the top job in August to steer the company through its safety and manufacturing crises.

Read More: CNBC
Building company opens $9M headquarters
November 6, 2024 -

Wilmot Modular Structures Inc. recently moved into a new $9 million headquarters that will help support the company’s southern expansion. The White Marsh-based building company expects its new 33,000-square-foot complex to triple production. The new facility at 5812 Allender Road is on the same site where Wilmot Modular has been located for 35 years and replaces a 10,000-square-foot “maze” of randomly connected trailers that the company used for decades.

Read More: Baltimore Business Journal
Angeli’s Pizzeria Bar moving into former Noona’s Restaurant space at The Fitzgerald in Baltimore
November 6, 2024 -

Angeli’s Pizzeria Bar, a Baltimore-based family-owned restaurant group is assuming the former space occupied by Noona’s in The Fitzgerald, a 275-unit multifamily community owned and managed by MCB Real Estate. The pizzeria expects to open its fifth location in Baltimore, and second in the MCB Real Estate portfolio, at the 11-story residential project at 1201 W. Mt. Royal Ave. in December.

Read More: The Daily Record
Green energy upgrades for the Port of Baltimore
November 5, 2024 -

The Maryland Port Authority will receive $145 million dollars from the Biden administration’s Clean Ports Program, with $32 million dollars to benefit sustainability upgrades at Seagirt and Dundalk Terminal. Mark Schmidt, president of Ports America Chesapeake, tells us more. Ports America Chesapeake operates Seagirt and Dundalk Marine Terminals at the Port of Baltimore under a public-private agreement with the Maryland Port Administration. (Photo: Daniel Kucin Jr./AP)

Read More: WYPR

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