Business

Whether it was because their apartment policies restricted them from smoking in their units or their spouse didn’t like the smell of weed in their home, medicinal cannabis smokers needed a place they could smoke and relax in peace, says Venushski “Venus” Hemachandra, 33. In efforts to appease their demands, Hemachandra says, she opened Ceylon House, at 4009 Sandy Spring Road in Burtonsville.

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.

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.

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.

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 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.

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 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.”