Saturday, December 21, 2024 | Baltimore, MD
FOLLOW US:

Business

Italian Restaurant
40-year-old’s restaurant group could bring in $200 million this year—he started with an ice cream shop, fresh out of college

This story is part of CNBC Make It’s Millennial Money series, which details how people around the world earn, spend and save their money. In 2007, Alex Smith had no designs on building a multi-state restaurant group that brings in nine figures annually. He just wanted to open an ice cream shop. Smith, now 40, was right out of college and eager to build something of his own after growing up in a family of ultra-successful entrepreneurs.

Read More: CNBC
LifeBridge Health enters partnership to open outpatient surgery center in Westminster

Baltimore-based LifeBridge Health Monday announced a partnership with Amsburg and the Woodholme Group to open the EndoCentre of Westminster, a gastroenterology outpatient surgery center. Located at 535 Old Westminster Pike, the 5,400-square-foot center contains two procedure rooms. EndoCentre of Westminster is accredited by the Accreditation Association for Ambulatory Health Care and provides same-day procedure care, including diagnostic and preventive procedures.

$4,000 tip and 10/10 customer service: Inside Keith Lee’s visit to one Baltimore restaurant

Out of all the mom-and-pop restaurants in Baltimore, Amanda and Joseph Burton didn’t expect Keith Lee to choose to eat at theirs. Still, the couple figured they would throw their Hollins Market restaurant, Rooted Rotisserie, into the running when they heard the TikTok food critic with more than 16 million followers was coming to the area.

Read More: Baltimore Sun
National accelerator to close one Baltimore program, open another

One of the country’s largest startup accelerators is starting a new program in Baltimore shortly after a large round of national layoffs. Techstars is establishing an accelerator focused on health care and artificial intelligence in partnership with CareFirst BlueCross BlueShield and Johns Hopkins University. The new accelerator began accepting applications on Monday.

Hoar Construction completes industrial building near BWI Marshall Airport

Hoar Construction Thursday announced the completion of an 80,000-square-foot industrial building in Glen Burnie, close to the Baltimore/Washington Thurgood Marshall International Airport. Hoar served as general contractor on the project, which broke ground in August 2023 and is owned by Chicago-based private real estate investment firm Brennan Investment Group.

electricity power line
$4M project to enhance electric stability for western MD customers

FirstEnergy Corp. subsidiary Potomac Edison has started construction on a new substation in Morgan County, West Virginia that is expected to enhance reliability for 1,800 area customers, including some in Maryland. The new substation is expected to be completed and operational in 2025, serving approximately 1,600 customers in the Great Cacapon area and 200 in Little Orleans, Maryland.

2030 a ‘reasonable target’ for new Commanders stadium, owner says

Washington Commanders owner Josh Harris said Sunday night he is hopeful a new stadium can open in time for the 2030 season. “There’s no way to predict a specific date, but I think that’s a reasonable target,” he said before the team’s final preseason game. The team’s contractual obligations at Commanders Field end in 2027, but the Commanders can continue playing there indefinitely.

 

 

Read More: AP News
Cumberland’s comeback: How remote work is reviving this Western Maryland mountain town

Max Green’s childhood in Cumberland was filled with constant reminders of those who’d already left. The abandoned Footer’s Dye Works factory. The shuttered storefronts along Baltimore Street. The dozens of vacant Victorian homes downtown. Green and his friends grew up hearing a steady refrain from their parents and teachers: “There are no jobs here.”

Why Ford believes its $1.9 billion shift in EV strategy is the right choice for the company, investors

Ford Motor’s profit engine for decades has been large trucks and SUVs in the U.S. So it might surprise investors that the automaker believes its new path to profitability for electric vehicles will first be led by smaller, more affordable vehicles. The new plan is an “insurance policy” for the automaker to be able to expand its growingly popular hybrid models and create more affordable EVs that it believes will deliver a more capital-efficient, profitable electric vehicle business for the company and investors, according to Marin Gjaja, Ford’s chief operating officer for its Model e EV unit.

Read More: CNBC
At Harborplace 2.0, where does your car go?

Imagine this. It’s several years in the future. You live in a newly completed residential tower in Baltimore’s Inner Harbor, and you need groceries. You take the elevator down from your 32nd-floor penthouse apartment, step outside to where the Harborplace pavilions once stood, and look around. Where is your car? MCB Real Estate — the firm that wants to raze the tourist destination’s struggling pavilions and reimagine Harborplace — proposes constructing two apartment buildings on Light Street along that waterfront that would include a total 900 units.

 

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.