Friday, March 29, 2024 | Baltimore, MD
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Lockheed Martin plans layoffs in a Sikorsky division in southern Maryland

Lockheed Martin Corp. (NYSE: LMT) has disclosed plans for layoffs of 176 workers based in southern Maryland as part of a key program comes to an end.
The Bethesda contracting giant said the layoffs are effective April 27, affecting workers in its Sikorsky division supporting the heavy lift helicopter program at Naval Air Station Patuxent River, according to a Work Adjustment and Retraining Notification filing with the state.

Lockheed Martin builds emerging technology partnership

Bethesda-based global security and aerospace company Lockheed Martin, Korea Aerospace Industries and Red 6 Aerospace, a Lockheed Martin Ventures portfolio company, Wednesday announced a new partnership that will deliver advanced 21st Century Security capabilities across a spectrum of training and combat aircraft.

 

Chef
The Dish: How veganism became one of Baltimore’s hottest restaurant trends

Baltimore City Councilwoman Odette Ramos became vegan 25 years ago, when “all I could get was a salad,” she wrote in a text message. Now, she has a wealth of options from which to choose. Case in point: Maryland Vegan Restaurant Month started last weekend, showcasing plant-based meals at eateries in Baltimore and beyond. You can try curry mung bean soup at Heritage Kitchen in Hampden or a three-course, $50 prix fixe meal at Alma Cocina Latina in Station North that includes a vegan take on Venezuelan pabellón.

 

 

National sneaker chain Snipes expands footprint in Baltimore

Snipes, a fast-growing retail chain that got its start from one of Germany’s largest shoe company, is opening its fourth store in Greater Baltimore. The national footwear store recently leased 5,500 square feet at 5600 The Alameda for its second city location. The move to the 89,000-square-foot Alameda Marketplace boosts the small strip center located about a mile from Morgan State University toward full occupancy as it restocks tenants post-Covid-19. The retailer has another store at 300 W. Lexington St. and two others in Baltimore County.

Terrapin Development targets College Park parking lot for $85M housing, retail and research hub

A parking lot-turned-housing project is on deck for College Park, where the University of Maryland’s real estate arm is zeroing in on an $85 million development near its Discovery District. The public parking lot near the College Park Airport and the College Park Aviation Museum borders Campus Drive next to the Junior Tennis Champions Center.

Resort Officials Support Bus, Tram Fare Increases

Resort officials voted this week to support bus and tram fare increases ahead of the summer season. The Mayor and Council had before them favorable recommendations from the Ocean City Transportation Committee to raise the town’s bus and tram fares by $1. Mayor Rick Meehan, committee liaison, said the increase will allow the town to cover the increasing costs associated with both operations.

 

 

Read More: The Dispatch
CU we are open sign hanging on the entrance door of a small cafe. Small business concept
Here’s 3 bills to watch in the Maryland General Assembly meant to boost the small business economy

After eight years with a Republican governor who frequently vetoed Democratic majority-led legislation in the Maryland General Assembly, some lawmakers are bullish that legislation to increase participation among minority and women-owned businesses with state contracts may become law. There are several bills with the goal to level the playing field for historically disadvantaged businesses statewide.

 

 

Black woman-run incubator targets Md. for national program

The Village Market (TVM) and its nonprofit arm, Our Village United (OVU), Monday announced the launch of its first cohort of the Elevated Cities national incubator program, targeting businesses in Maryland and nationwide.  In partnership with Mastercard’s “In Solidarity” initiative, the national program will focus on cities across the country, including locations in Maryland, Atlanta, Los Angeles, St. Louis, New Orleans, New York City, Dayton, Ohio; Birmingham, Ala.; the District of Columbia and Virginia. The first cohort includes 125 Black-owned businesses across these cities and more.

 

Baltimore County maintains triple-A bond ratings; low interest rates possible

Baltimore County Executive Johnny Olszewski on Monday announced that the county has maintained triple-A bond ratings from all three major rating agencies, which would allow the county to issue bonds at the lowest possible interest rate. Moody’s Investor Service, Fitch Ratings, and S&P Global Ratings have each confirmed the county’s triple-A rating. In the reports, the rating agencies highlighted Baltimore County’s “broad and diverse economy.”

 

Read More: WBAL
Md. high court rules for Amazon in ‘warehouse’ dispute with neighbors

The Maryland Supreme Court has delivered Amazon a legal victory, clearing the way for the online shopping and shipping service to operate a distribution center in Upper Marlboro over the objections of nearby residents. In a 7-0 decision, the high court said the Prince George’s County Council validly approved Amazon’s plan to use a 290,225-square-foot building in an industrial complex for a holding and distribution center for the online orders the company receives. The justices rejected the residents’ argument that Amazon’s facility qualifies as neither a permitted “warehouse” nor “distribution” center under the county’s zoning ordinance.

 

 

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