Business

Workers may be making more in the tight labor market, but many small-business owners are forgoing paychecks to survive. About 64% of small-business owners surveyed by Forbes Advisor said they had not paid themselves a salary to keep their business afloat. One-third of respondents say they frequently don’t pay themselves a salary to keep their business operating. The survey found many business owners are indeed worried about the long-term survival of their businesses, with a combined 30% saying they are concerned about their business making it another year. Additionally, about 35% of small-business owners said their revenue is lower than pre-Covid-19 levels.

Maryland casinos recorded a record-setting July, pulling in $181.5 million in total revenue, a 0.8% increase compared to a year ago. The total revenue from slots and table games at Maryland’s six casinos last month was $1.4 million higher than July 2021’s total, according to the latest numbers released by Maryland Lottery and Gaming. The total surpassed the previous single-month record, setting a new high. MGM National Harbor was one of just two casinos to see year-over-year gains in July and brought in the highest gaming revenue in the state at $77.2 million. The total represents an increase of 6.8% from the same month a year ago.

As college freshman, transfer students, and fresh faces of all kinds step onto Salisbury Univerrsity’s campus for the first time, they cannot help but feel overwhelmed. Between navigating new surroundings and meeting strangers at every twist and turn, it can add up to a big change. Newly elected Salisbury University President Carolyn Ringer Lepre wants her students to know they are not alone. Similar to them, Lepre, who recently replaced retired president Charles Wight, is also a newcomer to town.

Maryland’s 6% sales tax on clothing and footware will be waived from Aug. 14 to 20 for Shop Maryland Tax-Free Week, the state comptroller’s office said Monday. There will be no sales tax applied to qualifying clothing or footwear that costs $100 or less, Comptroller Peter Franchot’s office said in a news release.

It’s truly a new era for one of Buffalo, New York’s most prominent companies. New Era Cap received $700 million in funding from private equity investors, led by a D.C. firm, that will be used to fuel the company’s growth moving forward. Plus, Major League Baseball, the National Football League and the National Basketball Association will become minority owners.

McCormick & Company Inc. announced Thursday that its emission reduction targets have been officially approved by the Science Based Targets Initiative and are consistent with levels required to meet the goals set by the 2015 Paris Agreement. The Hunt Valley-based spice maker achieved its 2025 greenhouse gas commitments four years early for scope 1 and 2, and recently raised the ambition of its goals to reduce absolute scope 1, 2 and 3 greenhouse gas emissions by 42% by 2030.

Johns Hopkins Medicine has received $200 million in federal funding to head up a consortium aimed at treating and stemming the spread of one of the world’s oldest and deadliest scourges: tuberculosis. The money from the U.S. Agency for International Development, to be spent over the next five years, will boost research into diagnostics, treatments, transmission control and prevention of TB, a bacterial infection that normally infects the lungs.