Business

Michele Whelley is leaving her post as CEO of the Economic Alliance of Greater Baltimore on Friday as the economic development organization moves toward a merger with the Greater Baltimore Committee. Whelley will revive M.L. Whelley Consulting LLC, the economic development consulting firm she ran before she took over at the EAGB three years ago. “My time heading EAGB has been one of the most rewarding chapters of my economic development career,” Whelley said, in announcing her departure on Tuesday.

The Baltimore Orioles don’t want to share profits from the upcoming Paul McCartney concert at Oriole Park at Camden Yards with the state of Maryland, saying the profit-sharing agreement is a “significant disincentive” to attracting future events to the stadium. The Maryland Stadium Authority on Tuesday said it has decided to “acquiesce” to the Orioles’ request by having the state opt out of “financial participation” for the June 12 concert. The authority’s board voted unanimously on the deal with the team.

The proposed Margaritaville project inched closer to becoming a reality this week with resort officials accepting the findings of fact from the Planning Commission despite some misgivings about the square footage required for a planned overlay district. The Mayor and Council had before them on Monday a revised and updated findings of fact from the planning commission for the planned overlay district (POD) for the proposed Margaritaville Hotel and Conference Center, which would encompass an entire city block downtown on the oceanside facing the Boardwalk between 13th and 14th streets.

Medifast Inc. got 2022 off to a strong start after reporting 22.6% sales growth in the first quarter as the company continues its ascent within the weight-loss industry. The Baltimore-based maker of dieting and weight-loss products reported record sales of $417.6 million in the first quarter, compared with $340.7 million in the year-ago period. On the bottom line, Medifast’s profit increased 1.7% to $41.8 million, or $3.59 per share, compared with $41.1 million, or $3.46 per share, in the prior-year quarter.

Dena Freeman-Patton has been named Morgan State University’s director for intercollegiate athletics, becoming the first woman to oversee the historically Black university’s sports teams, President David K. Wilson said Tuesday. A Baltimore native, Freeman-Patton most recently served as associate vice president and director of athletics at California State University, Dominguez Hills. Prior to that, she held positions in the athletic departments at the University of New Orleans; California State University, Bakersfield; and Georgia State University. She also also served as director of academics and career development at the University of Maryland.

McCormick & Co. Inc. is promoting one of its executives to a new role that includes oversight of the company’s global supply chain. The Hunt Valley-based spice maker announced Monday that Brendan Foley has been appointed to the newly created role of president and chief operating officer, effective June 1.

Revival Baltimore and the Baltimore Economic Leadership League (BELL) have partnered to create the 2022 Bell Revival Business (BRB) program, offering Baltimore business owners the opportunity to receive the guidance, tools, and support needed to grow revenue and affect positive change in the community. The program culminates with a pitch competition, where the winner will receive $5,000 and the potential for a contract with Revival to supply their products and services at the hotel.

Spirit Airlines said Monday that it still supports Frontier Airlines’ $2.9 billion takeover bid for the airline, saying it was more likely to win regulatory approval than JetBlue’s competing $3.6 billion offer. Spirit said antitrust regulators are unlikely to approve JetBlue’s offer because of JetBlue’s alliance with American Airlines in the Northeast, a deal that the Justice Department is suing to block.