Business

Phil Singerman was applying for the job to be the first executive director for a state economic development startup whose aspiration exceeded its funding allocation. At the time, he was a presidential appointee with a $400 million annual budget at a prominent government agency, so there was a natural question of why he wanted to switch jobs. “I do startups,” Singerman explained expressing his passion for startup creation, which helped him to get the position.

The Great Wolf Lodge in Perryville has moved up its opening date again and upped its expected staff count to 1,000 employees as the resort inches closer to officially opening its doors next month. The 700-room, 48-acre park in Cecil County will hold its grand opening on June 29, but will also open up even earlier with reservations starting June 14. The new date announced on Wednesday makes the second time this year the opening has changed.

Under Armour’s new, third-ever CEO said Tuesday she plans to focus on building the sports apparel brand, especially internationally, boosting U.S sales growth and elevating design of footwear and women’s apparel. “We must deliver better for athletes and our customers and meaningfully increase returns for shareholders in the years ahead,” said Stephanie Linnartz, who took over as CEO and president of the Baltimore-based company Feb. 27, in an announcement Tuesday.

A family member got a nasty case of COVID last week, right in time for the World Health Organization to declare the global health emergency over. In a way, it reminds me of the bifurcated reality of Baltimore’s dining scene, which is simultaneously seeing major red flags and signs of recovery. While some neighborhoods, particularly suburban areas, are undergoing a restaurant boom, other eateries continue to suffer from the effects of the pandemic, whether from a drop in demand, the labor crisis, rising burnout or out-of-control food prices.

The owners of Persimmon in Bethesda passed the torch of ownership to three employees Monday afternoon after 25 years. Stephanie and Damian Salvatore had been contemplating selling Persimmon for the past couple of years. “It wasn’t an overnight decision,” Stephanie said. “It just evolved to where we were able to connect, and when we finally talked to the employees, I was really excited that they wanted to purchase it. It just took a while to make sure that’s what we wanted to do, both personally [and] professionally.”

Gaithersburg’s Novavax Inc. (NASDAQ: NVAX) is taking more aggressive steps to preserve its cash and ensure it can stay in business — slashing a quarter of its workforce, consolidating its real estate and paying down liabilities — before its planned fall launch of a new Covid-19 vaccine. The local biotech said Tuesday the restructuring should help reduce its 2023 research and development spending and sales, general and administrative expenses by 20% to 25% compared to last year.

A Catholic priest resigned from his position on the University of Maryland St. Joseph Medical Center’s board of directors after The Baltimore Sun revealed his role in helping to cover up child sexual abuse within the Archdiocese of Baltimore. Monsignor Richard “Rick” Woy, a longtime board member at the Towson hospital, delivered his resignation letter Saturday to St. Joseph Board Chairman Gerard Holthaus after giving word Friday that he planned to do so, Holthaus said.

A Shoppers grocery store located along a busy retail corridor in Baltimore County is set to close this summer, but the space may not be vacant for long.The store at 1955 E. Joppa Road in Parkville in Perring Plaza will close on July 15, affecting 49 workers, according to a notice filed earlier this month with the state’s Work Adjustment and Retraining Notification log