Monday, November 25, 2024 | Baltimore, MD
Baltimore, MD
43°
Clear
FOLLOW US:

Business

Stadium Authority Was Wrong to Accept ‘One-Sided’ Concert Deal, State Treasurer Says

State Treasurer Dereck E. Davis (D) suggested on Wednesday that the Maryland Stadium Authority made a mistake when it voluntarily agreed to forgo revenues from concerts held at Oriole Park. Speaking at the start of a Board of Public Works meeting, Davis said Maryland taxpayers are better served when the quasi-governmental authority upholds its contractual agreement with the Baltimore Orioles. Under that agreement, the team keeps 55% of the revenue generated from concerts and other non-baseball events at the ballpark, while the state gets 45%.

Baltimore union representing hospitality workers at Pimlico, Laurel Park demands ‘good jobs’ from The Stronach Group

Armed with a megaphone, placards and the platform that the upcoming Preakness Stakes provides, a union that represents hospitality workers at the Pimlico and Laurel Park racetracks chanted outside Pimlico on Tuesday, demanding that The Stronach Group invest in “good jobs.” Tracy Lingo, staff director of UNITE HERE Local 7, said union employment at Pimlico and Laurel has plunged from 45 mostly full-time workers at the two tracks in 2015 to only nine now. The union called for more jobs and better-paying ones, given that the state has authorized up to $375 million in bonds for improvements to the two tracks owned by The Stronach Group.

Read More: Baltimore Sun
400 million COVID-19 vaccine doses dumped by Baltimore plant, congressional report finds

The Maryland-based vaccine maker Emergent BioSolutions was forced to destroy nearly 400 million doses of COVID-19 vaccine because of potential contamination at its East Baltimore plant, far more than previously known. Further, the company sought to hide deficiencies from federal and outside inspectors at the Bayview site, built with millions of dollars of federal support, and continued to promote its manufacturing capabilities despite warnings of those deficiencies.

Read More: Baltimore Sun
Four Greater Baltimore law leaders discuss how Covid has changed the industry

Brett Ingerman came to the Baltimore Business Journal’s “In the Room” roundtable event wearing a hot pink tie. He admitted it had been awhile since he donned one, adding “Covid has destroyed the dress code.” Work attire is hardly the only thing that has changed in the past couple of years and specifically in Ingerman’s line of work — the law. The managing partner of Baltimore’s mega law firm DLA Piper and three other top local lawyers, Kelly Powers of Miles & Stockbridge, Jonathan Wachs of Offit Kurman, and George Nemphos of Nemphos Braue, gathered for the roundtable in downtown Baltimore on Tuesday to discuss the dramatic shifts in law, business and the emerging opportunities they’re finding in an extremely busy time in the world.

Premier League soccer is coming to Baltimore this summer

Premier League soccer is returning to Baltimore this summer as the region looks to build momentum for its bid to host a FIFA World Cup match in 2026. Arsenal and Everton, who both play in the top division of England’s soccer system, will meet in a pre-season game on July 16 at 7 p.m. at M&T Bank Stadium, the Baltimore Ravens announced Tuesday. Tickets for the so-called “Charm City Match” go on sale to the general public through TicketMaster starting at 10 a.m. on Thursday. Pre-sale tickets for Ravens PSL owners and club supporter groups went on sale Tuesday.

Catholic Charities of Baltimore hires first-ever chief operating officer

Catholic Charities of Baltimore has hired its first-ever chief operating officer. Ashley Valis, who previously worked for the University of Maryland, Baltimore, stepped into the newly created role this week. As COO, she will be responsible for strategic oversight, operational excellence of programs and services, human resources and leadership of the organization’s strategic planning process and initiatives, according to a release. Valis will report directly to Catholic Charities Executive Director Bill McCarthy.

Two new developers take over Port Covington project as Weller Development exits

Port Covington master developer Weller Development Co. is exiting the 235-acre project and moving its headquarters out of Baltimore. The company will be replaced this month by MAG Partners and MacFarlane Partners, a team of national developers and investors, who will launch an immediate marketing and leasing campaign for the five office, retail and residential buildings now under construction at the South Baltimore site. Sagamore Ventures, founded by former Under Armour CEO Kevin Plank, and Goldman Sachs Urban Investment Group, the two main investors behind the project, announced the news Tuesday.

Proposed Spring Grove sale raises concerns over privatization of mental health services

A proposed sale of the site that is home to a state psychiatric hospital is raising concerns about the privatization of those services. The Board of Public Works is scheduled to take up a proposal by the Maryland Department of Health to sell the Spring Grove State Hospital to the University of Maryland, Baltimore County. Patrick Moran, president of AFSCME Council 3, said the proposed closure of Spring Grove and other facilities is an effort by Republican Gov. Larry Hogan to privatize union jobs.

Small businesses in Md., US still struggle to find enough workers

Some small businesses are still struggling to hire qualified workers, even as Americans return to the U.S. job market in droves. Hiring and retaining employees remains the top challenge for small businesses, according to a survey of 1,100 businesses by Goldman Sachs 10,000 Small Business Voices out last week. Ninety percent of businesses that are hiring are finding it difficult to recruit qualified candidates for open positions.

Trammell Crow to develop life sciences campus in Montgomery County

Trammell Crow Company (TCC), a global commercial real estate developer, Monday unveiled plans to develop The Labs at Belward, a world-class life science campus, in the Shady Grove area of Montgomery County. The Labs at Belward, located at the Belward Campus of The Johns Hopkins University, will initially include 757,000 square feet of trophy lab and research and discovery space across three buildings. The project has the potential to grow to approximately 1.6 million square feet across seven buildings.

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.