Thursday, May 16, 2024 | Baltimore, MD
FOLLOW US:

Business

Red and white painted barn
These Maryland businesses won funding from TEDCO’s rural tech initatives

TEDCO, Maryland’s state-backed agency that provides early-stage tech funding and support, has kicked off July by with a series of funding awards for startups with a rural focus. Through the Rural Business Innovation Initiative (RBII) and the Agriculture and Rural Rebuild (ARR) Challenge nine ventures received funding. A pair of businesses focused on innovation in the kitchen received $25,000 pre-seed investments from TEDCO through its Rural Business Innovation Initiative.

Read More: Technical.ly
After scaling back due to COVID, Baltimore’s YouthWorks program welcomes some teens back to in-person jobs this summer

After a year and a half of sitting inside and peering at a computer screen, Kamaya Taylor is glad to be outside. Kamaya, who lives in Westport, spent last summer completing a virtual math program. This summer, she’s cleaning streets and planting trees for the Westport Community Economic Development Corp., an organization that aims to improve quality of life in low-income South Baltimore neighborhoods. “I like cleaning up. It’s nice to have a clean community,” Kamaya said.

Read More: Baltimore Sun
Summer restaurant weeks start in Howard County, featuring nearly 40 businesses

The biannual Howard County Restaurant Weeks & Craft Beverages event kicks off Monday, this time featuring more than 10 Asian American Pacific Islander restaurants in a new partnership with the Howard County Asian American Pacific Islander Workgroup. Asian American residents account for 18% of Howard County’s population and nearly 7% of the state population, according to the U.S. Census Bureau. “We are beyond excited and grateful for this new partnership with the AAPI Business and Economic Development Committee,” said Amanda Hof, executive director for Visit Howard County, in a statement.

Multi-state cannabis firm to acquire Dundalk’s Charm City Medicus dispensary

A multi-state cannabis firm has acquired its second dispensary in Maryland, about four months after opening its first cannabis retail operation in Frederick. Goodness Growth Holdings Inc., parent of cannabis firm Vireo Health, announced Friday that its subsidiary has signed a definitive agreement to purchase Dundalk’s Charm City Medicus LLC. The acquirer expects consideration for the deal to total about $8 million, including $4 million in cash, $2 million in Goodness Growth stock and a $2 million promissory note issued to the seller.

Prominent Baltimore developers team up for Hollins-Roundhouse project

Two of Baltimore’s top developers have teamed up to continue efforts to redo the area surrounding historic Hollins Market. Scott Plank and Ernst Valery said Thursday they had formed a partnership to bring at least 12 new townhouses to the community by 2022. Plank’s War Horse Cities and the nonprofit War Horse Cities CDC have teamed up with Valery’s newly-formed Aequo Fund and local management firm Corus Property Intelligence for the project.

McCormick plans to raise prices later this year due to cost inflation

Get ready for the cost of Old Bay and other McCormick & Co. Inc. spices and seasonings to go up later this year. The Hunt Valley-based spice maker plans to raise prices for its products later this year because of a “dynamic cost environment,” CEO Lawrence Kurzius told Wall Street analysts during a conference call Thursday morning.

RavenBeer is back on shelves thanks to a new licensing agreement with Oliver Brewing Co.

Baltimore’s RavenBeer is flowing again — with the help of a new partnership — after a more than year-long hiatus. The Edgar Allan Poe-inspired craft brewery inked a licensing deal this spring with Oliver Brewing Co., which is now responsible for day-to-day brewing operations, distribution and marketing for the 23-year-old RavenBeer.

Indoor space, the air we breathe and the COVID game changer

Indoor air quality expert Martin Knott brings some fresh A.I.R. into a conversation about public spaces, safety and better oxygen as the world opens after the pandemic.

For the first time in Domino Sugar’s century in Baltimore, a Black woman is running the refinery

Coricka White’s promotion to refinery manager at Domino Sugar’s Baltimore facility came at a hectic time in the nearly century-old plant’s history. As the waterfront refinery replaced its giant, neon rooftop sign — its highest-profile asset and a staple on the Inner Harbor skyline — a roaring, three-alarm fire burned down the cavernous raw sugar shed on the property in April, forcing the company to halt the plant’s operations for more than a week.

Read More: Baltimore Sun
Cecil County wants to expand beyond its industrial base. Great Wolf Lodge is just the start.

Cecil County’s landscape is taking off in some new directions this summer with a slew of projects in the residential, entertainment and even sports tourism sectors. The rural county for years has used its vein of Interstate 95 to expand its industrial and e-commerce base with tenants like Amazon, Lidl and Medline moving into large warehouses. Now, a new push to grow even more along the major corridors of I-95 and U.S. Route 40 is getting into full swing — with the anticipated revenue that will follow expected to put the jurisdiction on the road toward a more solid future.

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.