Wednesday, October 23, 2024 | Baltimore, MD
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How Baltimore scored the ‘Super Bowl’ of conventions

A robot dog and the “soul” displayed by local voices helped woo a conference dubbed the “Super Bowl of meetings” to Baltimore. The American Society of Association Executives Annual Meeting & Exposition, a major conference for trade group and association executives, will come to the Baltimore Convention Center in 2033.

The COVID glove factory that hasn’t made gloves also isn’t paying rent

The landlord of a federally subsidized Baltimore County glove factory that never opened is trying to recoup $1.3 million, according to recent court filings. Tradepoint Atlantic filed a lien against United Safety Technology last month, court records show. It followed up with a complaint alleging the proposed glove manufacturer has not been paying rent.

 

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One local sector stays hot despite Baltimore’s weak hiring market

Greater Baltimore’s hiring outlook is slumping with the rest of the country’s, but one industry is standing strong amid the slowdown. The Baltimore metro’s overall hiring picture is the third worst among 55 U.S. metro areas with a population of at least 1 million, according to new data from payroll giant ADP, which identified the nation’s hottest hiring markets based on pay growth, starting wages and hiring rate for 15 million workers.

SpaceX performs historic first spacewalk with Polaris Dawn crew

SpaceX pulled off its first spacewalk in the early hours of Thursday morning, in a historic first for a company. The marquee event of the private Polaris Dawn mission went smoothly, with two of the crew members — Jared Isaacman and Sarah Gillis — stepping outside of SpaceX’s Dragon capsule “Resilience.” It’s the first time civilians, and not government astronauts, have performed a spacewalk.

Read More: CNBC
Small projects on downtown Baltimore’s west side spark revitalization

Lexington Lofts apartments could fit easily into one of downtown Baltimore’s trendier areas. Units come with soaring ceilings and windows, granite finishes, free Wi-Fi and Under Armour gym memberships. The glass-front building with sleek professional offices on the street level sits about a mile from the Inner Harbor. But the renovated six-story building occupies a block in downtown’s west side, where anticipated redevelopment has met with false starts for decades.

Read More: Baltimore Sun
Fruit display in supermarket grocery store
Two key inflation reports this week will help decide the size of the Fed’s interest rate cut

The Federal Reserve gets its last look this week at inflation readings before it will determine the size of a widely expected interest rate cut soon. On Wednesday, the Labor Department’s Bureau of Labor Statistics will release its consumer price index report for August. A day later, the BLS issues its producer price index report, also for August, a measure used as a proxy for costs at the wholesale level.

Read More: CNBC
Visitor spending rebounds in Howard County, tourist bureau says

Howard County saw a 7% increase in visitor spending in 2023 over the previous year, as the number of tourists finally met pre-pandemic levels, according to a report from the county’s tourism bureau through Tourism Economics, a data and research company. Visit Howard County reported that the number of tourists reached around 3 million people, with those visitors spending a total of $790.4 million last year, up nearly 20% from before the pandemic.

Under Armour to close warehouse as part of increased cost-cutting

Under Armour Inc. is closing a 1.2 million-square-foot California distribution center as the company doubles down on its cost-cutting measures. The Baltimore-based sportswear maker announced late Monday it will close its Rialto, California facility by 2026 as part of an updated restructuring plan. CEO Kevin Plank announced in May that Under Armour (NYSE: UAA) would lay off employees and cut costs as part of a plan initially expected to cost the company $70 million to $90 million.

Frederick paves way for housing projects with more than 540 units

The city of Frederick on Thursday annexed two properties on its northwest side, a step forward for two housing development projects that could mean more than 540 new units. The Christoff property is 54.16 acres that straddle Opossumtown Pike near the intersection with Bloomfield Road. The project could add 228 total units with a maximum density of four units per acre.

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Feds award Maryland $10 million for small business program

Maryland will be the first state to receive funding under the federal Small Business Opportunity Program, a $10 million grant the state and federal officials said will help grow underserved small businesses in the Maryland region. The $10 million grant to the state is part of $75 million set aside for small businesses as part of the American Rescue Plan Act. Gov Wes Moore (D) said Monday that the program could have far reaching benefits.

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