Business

Maryland’s utility regulator has ordered Baltimore Gas and Electric Co. to remove a controversial electrification plan from its proposal to raise customers’ gas and electric delivery rates. A proposed BGE rate hike, under review by the Public Service Commission, would allow the utility to invest not only in improving the electric grid and natural gas system but also in electrification programs to promote electric vehicle use and building efficiency, BGE has said.

His organization has distributed millions of pounds of food over the years that distributors, such as Amazon and Walmart, give to his organization after it reaches its expiration date. He donates the still edible food to groups and residents in the city’s low-income, mostly Black and historically disenfranchised neighborhoods. He said it’s his way of mitigating racism that has driven away resources, including grocery stores and food wholesalers. If getting food should be “as easy as breathing,”

A Maryland grocer is suing the U.S. Department of Agriculture over a policy that he claimed blocked him from accepting Supplemental Nutrition Assistance Program — commonly known as SNAP — benefits from customers.Altimont Mark Wilks, who owns Carmen’s Corner Store with locations in Frederick and Hagerstown, Maryland, said he started the two stores after spending 14 years in prison for felony drug and weapons convictions.

A Baltimore home improvement contractor will have to pay $550,000 in restitution and civil penalties for violating the Consumer Protection Act, Maryland Attorney General Anthony Brown said Thursday. Phoenix Home Remodeling Group LLC, a roofing, siding and window contractor, was charged by the Attorney General’s Consumer Protection Division in December 2022 with taking deposits for home improvement services and then failing to complete the promised work.

Rockville, Maryland-based American Gene Technologies International will spin off is Addimmune division as a publicly traded company through a special purpose acquisition company. Addimmune is developing a gene and cell therapy that make gene modifications to T-cells that harden those cells against HIV infection and depletion, and that may allow those cells to target and kill HIV, the precursor to AIDS, instead of being killed by the virus.

The June 2023 preliminary unemployment rate in Montgomery County showed the lowest non-seasonal June rate in more than 30 years at 1.5%, according to information from the Bureau of Labor Statistics’ State and Local Area Unemployment Statistics series and released Wednesday by the Montgomery County Economic Development Corporation. This key metric is the lowest of any June tracking to 1990. It was also lower than Maryland’s overall rate, which was 1.7%, compared to the Washington MSA at 2.5% and the national average at 3.8%.

Executives for a Baltimore cannabis pharmaceutical company rang the opening bell on the Nasdaq Exchange on Wednesday, two days after closing the company’s nearly $9 million initial public offering. The biggest surprise of the day for CEO Erez Aminov was that ringing the bell to open the day of stock trading didn’t even involve a bell. “It’s a touchscreen,” Aminov said. “I’m not even in control of ringing the bell.”

Gaithersburg-based Emergent BioSolutions was supposed to be a key player in the nation’s COVID-19 vaccine production, but after a mix-up at its Baltimore plant that resulted in hundreds of millions in wasted doses, the company is largely exiting the business and laying off much of the staff. The company notified Maryland labor officials this week that it would eliminate 211 jobs at the Bayview plant in East Baltimore and cut another 20 in Montgomery County. About 400 workers across the company will be eliminated.

Coworking space provider WeWork Inc. (NASDAQ: WE), once one of the world’s most valuable startups, warned Tuesday that it may not remain in business much longer. “Substantial doubt exists about the company’s ability to continue as a going concern,” the company said in a Securities and Exchange Commission filing. The New York company said it is facing losses and is low on cash as it contends with higher customer churn and lower demand than it anticipated, interim CEO David Tolley said in a statement.