Business

A local health care startup that aims to fill gaps in care for low-income patients has just hauled in $56 million in a Series A funding round. Bethesda’s Accompany Health Inc. said Tuesday it’s secured the funding from a handful of venture capital investors and will use the proceeds to broaden its reach in offering primary care, behavioral health and social services to underserved patients with complex conditions.

Cancer diagnostics giant Exact Sciences will close down its Baltimore operations three years after acquiring a company heralded as one of the region’s biggest success stories. Thrive Earlier Detection spun out of Johns Hopkins in 2019 and raised around $369 million in venture capital before Exact Sciences acquired it in a deal worth up to $2.15 billion. The Wisconsin-based firm now plans to close down Thrive’s Baltimore office at 1812 Ashland Ave. by March 31, 2024 and lay off 50 people.

The Helen Delich Bentley Port of Baltimore Monday received a top U.S. Coast Guard security assessment for the six state-owned, public marine terminals that are managed by the Maryland Port Administration (MPA) for the 15th consecutive year. The Coast Guard’s annual inspection of facilities included a detailed review of all security protocols and procedures at the Dundalk, Seagirt, North Locust Point, South Locust Point (including the cruise passenger terminal), Fairfield and Masonville marine terminals.

A new partnership between Goodwill and the Love for Lochlin Foundation will bring technology and employment services to the foundation’s mobile clinic to bring free employment resources to more Frederick County residents. The Rotary Club of Carroll Creek awarded a grant of $950 to the two organizations. It will fund a laptop from Goodwill with job resources, such as virtual career services and trainings, for the foundation’s mobile vaccination clinic.

Sen. Elizabeth Warren, D-Mass., and three other Democratic lawmakers are pushing Federal Reserve Chairman Jerome Powell to lower interest rates at the upcoming Fed meeting to make housing more affordable. “As the Fed weighs its next steps in the new year, we urge you to consider the effects of your interest rate decisions on the housing market,” the senators wrote in a letter to Powell on Sunday.

The Maryland Economic Development Association (MEDA) Monday released findings from a study indicating that an estimated average of $9.17 in state and local tax revenue is generated for every dollar invested in county economic development operations in Maryland. The study, conducted in collaboration with the Business Economic and Community Outreach Network at Salisbury University (BEACON) and MEDA’s Public Policy Committee, utilized annual survey data collected over the past two years from local county economic development offices.