Business

Glass Jacobson PA, an accounting firm that has slowly expanded over the years in Montgomery County, has ended a two-year search for a merger partner with a deal to sell to a regional Virginia firm that President Edward J. Jacobson called a mirror image of his firm. “This is us but a bigger version of us,” Jacobson said Tuesday in disclosing the deal to sell to Winchester, Virginia-based Yount, Hyde & Barber or YHB. The deal, which involves Glass Jacobson’s partners selling their equity stake to YHB, is expected to close July 1. The firm’s six principals and 54 employees will stay on but the name will go away.

Yount, Hyde and Barbour (YHB) will acquire Glass Jacobson, PA, a Maryland-based tax, accounting, and management consulting firm, the company announced Wednesday. The takeover will become official July 1. Glass Jacobson was established in 1962 with a rich history of serving clients throughout the Baltimore-Washington metro area.

The Maryland Stadium Authority awarded a fresh round of money Tuesday to planning and design efforts at Pimlico Race Course and the Laurel Park race track as officials try to push through delays and get both major renovation projects moving forward. The Stadium Authority’s board voted to approve nearly $1.6 million in additional funds for a contract with Ayers Saint Gross, the Baltimore architecture firm that was selected last year to supply architecture and engineering services for the overhaul of both race tracks. Before Tuesday’s vote, the contract was valued at $992,735.

Food and retail workers at Camden Yards are demanding a $15 an hour wage as they bargain for a new union contract, saying their current agreement doesn’t do enough to meet the increased cost of living. Workers with Unite Here Local 7 rallied outside of Camden Yards Monday afternoon, arguing that low wages are impacting concession workers, who are paid $12.50 an hour, said Tracy Lingo, Unite Here Local 7 staff director. The workers are currently operating under a 2017 contract that was extended into 2021, but negotiations for a new agreement are ongoing.

A well-known camp for sick children and their families will build its second location on Maryland’s Eastern Shore. Paul Newman’s Hole in the Wall Gang Camp announced plans Tuesday to open its second location in Queenstown, Md. at the Aspen Institute’s former 166-acre Wye River Conference Center. The Aspen Institute, a nonprofit for humanistic studies, is donating a majority of the property to Hole in the Wall. The property was gifted to the institute in 1988, so the organization is paying it forward.

United Therapeutics Corp.’s latest product just quietly earned long-awaited approval from the Food and Drug Administration — sending the local drugmaker’s stock soaring. The FDA issued a letter Monday denying a citizen position that sought to stop regulators from giving its nod to Tyvaso DPI, an inhaler that dispenses a dry powder form of treprostinil, the key ingredient for the pulmonary arterial hypertension (PAH) treatment.

The Washington Commanders have bought land in Woodbridge, Virginia, for what could be a potential site of the NFL team’s next stadium, according to a person with knowledge of the situation. The person spoke to The Associated Press on condition of anonymity Monday because the team had not announced the acquisition. The Commanders paid approximately $100 million for 200 acres of land in Prince William County and are still considering other locations in the District of Columbia, Maryland and Virginia, the person said.

The crowd at Pimlico Race Course for Saturday’s Preakness Stakes was much smaller than in pre-pandemic years, but organizers won’t say by exactly how much. More than 60,000 people turned out to watch the Triple Crown horse race, according to numbers released Sunday by 1/ST, the track’s Canada-based owner. The attendance estimate is a departure from previous years, when officials have released a specific head count, traditionally on the same day as the race.