Friday, October 22, 2021 |
Baltimore
66°
Mostly Cloudy
FOLLOW US:

Business

Morgan State University Receives $3M In State Funds For School’s First Endowed Professorships

Morgan State University received $3 million in state funds to endow three new research professorships, creating new research positions to study the brain health of African Americans, predictive analytics and cybersecurity engineering. The endowed professorships are the first in the Morgan’s 154-year history, the university said. In a statement, Morgan State University president David K. Wilson said the positions will help the university contribute to developing areas in science, technology, engineering and mathematics, or STEM.

Read More: WJZ-TV
Coppin State wins $10K donation for its track and field program 

Plant-based beverage brand Silk, in partnership with track and field Hall of Famer Carl Lewis, announced Tuesday that Coppin State University as a winner of the Silk Team Protein Initiative, a $10,000 donation toward its track and field program to support student athletes on and off the field. Coppin State University —along with Xavier University of Louisiana, Prairie View A&M University, Alabama State University and Southern University are the five recipients of the Silk Team Protein Initiative, totaling $50,000 in donations.

Hope Lodge Baltimore reopens for out-of-town cancer patients 

After closing its doors in March 2020 in response to the COVID-19 pandemic, Hope Lodge Baltimore, which provides free lodging for cancer patients who have to travel long distances for treatment at Baltimore’s medical facilities, is once again welcoming guests. It is opening at 636 W. Lexington St. in Baltimore at reduced occupancy and will gradually increase capacity during the coming months.

100 US dollar banknote
Bank of America supports Civic Works, Caroline Center with financial surprise

Bank of America is surprising local organizations with big checks. The financial institution hopes to provide funding and leadership training to nonprofits while building up underserved neighborhoods. They didn’t just award one group in Baltimore, but two different local nonprofits. Lynn Selby, the executive director of the Caroline Center, thought she was just doing a normal interview about her organization.

Read More: WBAL-TV
Technology computer desktop programming
Hunt Valley-based Sinclair Broadcast Group identifies data breach

Sinclair Broadcast Group, the Hunt Valley-based company that operates dozens of TV stations across the U.S., said Monday that some of its servers and work stations were encrypted with ransomware and that data was stolen from its network. The company said in a filing with the U.S. Securities and Exchange Commission that it started investigating the security incident Saturday and, on Sunday, it found that some of its office and operational networks were disrupted. The broadcaster did not say how many TV stations were directly affected.

Read More: Baltimore Sun
The Launch Date For Sports Betting In MD Just Around The Corner – Here Are The Sportsbooks You Should Consider

Back in November 2020, sports bettors in Maryland had a reason to celebrate because the voters decided to make online betting in the state of Maryland legal. The decision was supposed to be put into law in May 2021, but it was delayed until September. Unfortunately for sports enthusiasts, this was delayed once again and now the final deadline is set for October 22. The way things are going, this deadline should be honored. Once this happens, the people of Maryland will have a plethora of options when it comes to sportsbooks. Here are some of the best sportsbooks they should consider.

How construction contracts are changing amid supply chain issues and surging costs

“On time and on budget.” That age-old axiom is the benchmark for whether a construction project is considered a success. In 2021, both of those measures are being put to the test like never before because of supply chain bottlenecks and surging materials prices. The impact? Developers, general contractors and subcontractors all have to rethink how they structure construction contracts to protect against this remarkable volatility.

Cool Digs: Chesapeake Contracting Group expands into a new, modern home

Chesapeake Contracting Group moved into a new home this June that gave the Baltimore County company an additional 8,000 square feet to spread out. Employees at the general contracting firm now have more offices, conference rooms and multi-purpose spaces to utilize for greater collaboration. The space replaces the company’s former headquarters of 30 years in Reisterstown.

Kirchmayr Chocolatier will return this fall, with a new Baltimore County shop

Kirchmayr Chocolatier, Baltimore’s venerable high-end chocolate company, will make a comeback in time for the holiday season. The chocolate maker has leased retail space in the Grand York Plaza shopping center at 1811-E York Road in Timonium and plans to open a shop there this fall, according to Miyoko Russell, a longtime Kirchmayr store manager and chocolate maker who took charge of the business after founder Albert Kirchmayr stepped down last year.

laboratory, analysis, chemistry
Rockville biotech banks on new revenue with $450M acquisition of a West Coast drugmaker

Rockville’s Supernus Pharmaceuticals Inc. has inked a deal to snap up a West Coast drugmaker for up to $450 million in a move that stands to drive new revenue for the local business and push it deeper into the Parkinson’s disease space. Supernus  would acquire Emeryville, California-based Adamas Pharmaceuticals Inc. for about $400 million in cash, plus another $50 million based on certain sales milestones.

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.