Wednesday, October 23, 2024 | Baltimore, MD
FOLLOW US:

Business

Otis Warren Jr., first Black person to construct an office building in downtown Baltimore, dies

Otis Warren Jr., a self-made businessman who became the first Black person to construct an office building in downtown Baltimore, died Tuesday at Sinai Hospital. His son, Otis Warren III, said he died of complications from “a health issue that occurred two years ago.” Mr. Warren was 80 and had homes in the Village of Cross Keys and in Florida. In 1993, he opened his $38 million, 11-story City Crescent building at Howard and Baltimore streets. “I had a philosophical and emotional need to make this happen for my community,” he said to The Sun of the successfully completed structure. “Beyond the money, it was a purpose. It was a cause.”

Read More: Baltimore Sun
Md. biotech Adaptive Phage Therapeutics advances fight to wipe out superbugs in cystic fibrosis

A Maryland biotech that’s been working to wipe out drug-resistant infections, or superbugs, is hustling to take its therapy to the patients who need it — now with another avenue to get it done. Gaithersburg’s Adaptive Phage Therapeutics Inc. said Thursday its bacteriophage therapy, which attacks bacteria that don’t respond to antibiotics, is being tested in a study of adults with cystic fibrosis who have a germ called Pseudomonas aeruginosa in their lungs. The National Institutes of Health and its National Institute of Allergy and Infectious Diseases, which have backed APT’s work previously, are funding the trial.

TEDCO higher ed collaborators grow impact in Baltimore through venture funding

Maryland is a national powerhouse in finance, health care, education and manufacturing; coupled with several of its public and private colleges and universities, the state is looking to boost outcomes in these industries through venture capital and private investment. TEDCO is proud to serve as a lead collaborator in Maryland’s support of businesses within emerging and underserved communities statewide. Its work with institutions ranges from collaborative marketing of venture funding to direct programming support for startups based at institutions.

Read More: MarylandInno
A fresh start for the Rosemont Homes in West Baltimore

The first builders arrived this week at a half empty 1970s public housing project within a West Baltimore neighborhood. Over the next year, the 1970s Rosemont Homes, a village of town houses, will emerge renewed, with an upgraded recreation center. Rosemont, a neighborhood that follows the contours of the hilly Gwynns Falls Valley south of Walbrook, is a community where residents remain proud of their tidy streets. “It’s a blessing that the recreation center will be restored,” said Robert Hunt, a longtime Rosemont resident. “We’re a community with a majority of homeowners … I consider Rosemont my oasis.”

Read More: Baltimore Sun
A Marriott executive for an athletic apparel brand? Hotel industry leader to bring new perspective, digital know-how to Under Armour.

Under Armour’s six-month search for its third-ever CEO ended last month with a surprise move. The Baltimore-based brand bypassed leaders in sports apparel and retail and instead tapped a veteran of the hospitality industry. Stephanie Linnartz, who became Marriott International’s president in 2021 after 25 years with the lodging giant, will join the athletic apparel and footwear maker Feb. 27. She will lead a company that’s emerged from a multiyear reinvention and aims to rekindle interest with teens and young adults, win over more female consumers and make a substantial push into the fashion and lifestyle market.

Read More: Baltimore Sun
Two law firms have named new managing partners for their Baltimore offices to start the new year.

Nelson Mullins Riley and Scarborough LLP has tapped Kraig Long to lead its Baltimore office. Long replaces Tim Hodge, who started the firm’s Baltimore presence in 2018, and has been promoted to become the head of the firm’s Atlantic corporate and real estate practice. McGuireWoods LLP also has a new head of its Baltimore office, with Elena D. Marcuss taking the reins from Cecil E. Martin III. While neither firm has its headquarters in Baltimore, both are among the top 25 largest law firms in the region, according to Baltimore Business Journal research from last spring.

Kennedy Krieger Institute to launch new early-childhood learning center in July in Baltimore County

Families near the Northwest Baltimore City-Baltimore County line will have a new early-childhood learning center open for students come July. The upcoming Kennedy Krieger Integrated Early Learning Center in Windsor Mill hopes to be an innovative model in the early-education field. The center will be open to up to 40 children, ages 3 to 5, from families of economic need and combine students with and without disabilities in the same classroom. The learning center will also function as a demonstration site, allowing early-education professionals to undergo observations, trainings and coaching. Family involvement will also be encouraged.

Read More: Baltimore Sun
UPMC to raise minimum wage

UPMC will increase minimum starting wages for entry-level positions to $18 an hour by January 2025 at its Pittsburgh, Harrisburg and Williamsport area sites. By January 2026, the same wage increase will apply to UPMC Western Maryland workers, as well as those in southwest and western Pennsylvania and southwest New York. The rate increase aims to support its workforce, recruit new employees “and continue to be the employer of choice in health care,” UPMC said via press release Thursday.

Read More: Times-News
Can this developer bring crowds back to Inner Harbor?

When P. David Bramble started out two decades ago, executing “small deals” buying and selling rowhomes, he was leery of developers. “I laugh because I originally had a pretty negative view of real estate” he said. “My image of it was the evil developer taking advantage of poor people.” Despite his initial misgivings, Bramble became a developer himself, winning praise for his vision and for focusing on community impact and inclusion.

Bank of America awards $200,000 to two Baltimore nonprofits supporting workforce development

Bank of America recently awarded two local organizations with a $200,000 multi-year award. Baltimore-based Innovation Works and Per Scholas were the recipients of the 2022 Neighborhood Builders grant for their efforts to provide greater Maryland community members with equitable access to workforce development and job training. Aside from the capital, the nonprofits’ executive directors will receive leadership training from Bank of America on financial sustainability, human resource development and strategic storytelling, among other topics to bolster their projects..

Read More: Afro

The Morning Rundown

We’re staying up to the minute on the issues shaping the future. Join us on the newsletter of choice for Maryland politicos and business leaders. It’s always free to join and never a hassle to leave. See you on the inside.