Tuesday, December 3, 2024 | Baltimore, MD
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Business

Company gets $25M to build electric truck charging hub near port

A local trucking company has won $25 million in federal funding to build charging infrastructure for electric trucks near the Port of Baltimore. Sparrows Point-based Capital Logistics will use the money to electrify its own fleet and build a commercial charging hub for companies that ship into and out of the port zone. The exact location has not been chosen yet, but the company is looking to build close to the port.

Hospital system gets largest-ever donation

The owners of a Bel Air auto dealership have donated $20 million to the University of Maryland Upper Chesapeake Health, the largest gift in the organization’s history. The donation from Jones Junction owners Danny and Gail Jones will support the behavioral health program and several capital projects at the Harford County health system.

Italian Restaurant
The 75+ Baltimore-area restaurants that opened in 2024 so far

More than 70 restaurants and bars have debuted in Greater Baltimore so far this year. Industry veterans and newcomers joined the mix of food and drink offerings around the area despite higher costs, staffing problems and some saying customers aren’t going out to eat as much as they used to. At least 76 restaurants, bars, dessert shops and other drink-focused spots have opened this year.

O’Malley bucks 3 former mayors, opposes Harborplace redevelopment

Three former mayors support a plan to raze the city’s Inner Harbor pavilions in favor of an ambitious redevelopment. One former mayor hates it. In a post on social media Saturday, Martin O’Malley called it “a terrible developer grab of public waterfront parkland.” O’Malley’s post came two days after a press release from Baltimore for a New Harborplace, a group that has been rallying support for MCB Real Estate’s vision of a new Harborplace.

Halloween to holidays: How Disney turns over its parks between its two most important seasons

It’s time for Disney parks to swap pumpkins for poinsettias. In the thick of its busiest season, Disney’s domestic theme parks have already begun to transition from Halloween decorations to Christmas colors. The transformation starts to take shape practically overnight, with warm autumn banners traded out for festive green garlands. The full metamorphosis takes about six weeks.

Read More: CNBC
Children’s Business Fair brings young entrepreneurs to downtown Frederick

Like any entrepreneur, Emmett Harris’ first priority was getting his business out of the red. His secondary goal was to make enough money to finance his growing collection of Lego Minifigures. Through his business, called E’s Beads, 10-year-old Harris sells artwork made from beads that he assembles in various configurations on a peg board. An iron is used to fuse the beads together, creating designs like Super Mario Bros. characters or Minecraft swords.

Desktop after work
Final jobs report before election will likely offer a blurred view of labor market

Americans on Friday will get their last major look at the state of the U.S. economy — the October jobs report — just four days before Election Day. The view, though, is likely to be obscured by the effects of strikes and hurricanes that left many workers temporarily off payrolls. The Labor Department is expected to report that employers added just under 118,000 jobs last month, according to forecasters surveyed by the data firm FactSet.

Read More: AP News
Hurricanes tear through federal funds sought by Key Bridge small businesses

When two hurricanes hit the South this fall, the U.S. Small Business Administration warned Congress it would likely run out of money for loans. Ten days later, the department was tapped out. That has left some of the small businesses seeking loans after the March collapse of the Francis Scott Key Bridge in a lurch. Even though the SBA funds are depleted, requests for financial help from those affected by the bridge disaster continue to roll in, including 500 new applications in the last month.

3 former Baltimore mayors urge yes vote on Harborplace ballot question

Three former Baltimore mayors have announced their support for a ballot measure that would allow a private company to redevelop the aging Harborplace pavilions at the Inner Harbor. Former Mayors Kurt Schmoke, Stephanie Rawlings-Blake and Bernard C. “Jack” Young encouraged voters to say yes on Question F.

blue and red airplane on sky
Southwest Airlines adding direct flights from BWI to West Coast cities

The weather is getting colder, Election Day is approaching — it’s the perfect time to avoid falling into an abyss of existential dread by planning your next summer vacation. And Southwest Airlines has some good news for travelers who prefer to depart Baltimore-Washington International Thurgood Marshall Airport. The Dallas-based carrier, which handles roughly 70% of BWI’s air traffic, has announced six new nonstop routes between BWI and the West Coast starting in mid-2025.

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