Wednesday, October 23, 2024 | Baltimore, MD
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Margaritaville Project Gains Approvals

After a pair of marathon hearings, the proposed Margaritaville project moved two big steps closer to becoming a reality this week. The Mayor and Council on Monday had before them two separate issues related to the Margaritaville Hotel and Conference Center, which would encompass an entire city block downtown on the oceanside facing the Boardwalk between 13th Street and 14th Street.

28. Faith-based Care with Ed Lovern

In episode 28 of The Lobby, Damian speaks with Ascension St. Agnes President and CEO Ed Lovern about his path to Ascension and what drew him to Maryland. Join us for a discussion on what makes the Maryland medical system unique, and what Ascension St. Agnes brings to the equation. Then, stick around for a special Catonsville shoutout. We hope to see you soon in the Lobby.

Observing samples under the microscope
Maryland Tech Council secures federal funding for life sciences companies

The Maryland Tech Council just got millions in federal dollars that it said will further speed up innovation for the state’s life sciences companies, many of which have already seen a burst of pandemic-driven energy. The trade association said Monday it has received $2.45 million from the federal government’s omnibus budget bill for fiscal year 2022.

$70M Metro rail car plant headed to Maryland

About 460 new jobs are headed to Washington County, Maryland, with the expansion of global rail manufacturing company Hitachi Rail into a ground-up, $70 million plant in Hagerstown. The 307,000-square-foot factory is part of a national expansion for Pittsburgh’s Hitachi Rail and will support the company’s $2.2 billion contract to build a new fleet of 8000-series, all-electric cars for Metro operator the Washington Metropolitan Area Transit Authority.

Ruppersberger Aims To Bring Economic Development Incentives To Tradepoint Atlantic

Rep. Dutch Ruppersberger will unveil on Tuesday new legislation designed to help bring federal economic development incentives to Baltimore County’s Tradepoint Atlantic. The legislation, known as The Rust to Revitalization Act of 2022, aims to amend the Internal Revenue Code of 1986 so that it includes a special rule for designating former industrial areas that share a border with designated “Opportunity Zones.”

Read More: WJZ
An Amazon Warehouse In Essex Contracts With Six Logistics Companies To Deliver Packages. Five Are Owned By Women.
An Amazon warehouse in Essex delivers millions of packages every year, and nearly all that work is powered by women. “It’s an example to all the young ladies out there, if we can do it, they can also do it,” said D2 Logistics CEO Derin Abass. Amazon uses third-party logistics companies to deliver its packages, including the six that work with the warehouse in Essex. Five of them are owned by women. Abass is one of those owners.
Read More: WJZ
Downtown Baltimore hotel sells for $18.6M to D.C. investors

Another downtown hotel has changed hands. The Kimpton Hotel Monaco Baltimore Inner Harbor recently sold Douglas Development Corp., an investment group from Washington, D.C., for $18.6 million. The group is planning to spend $6.5 million to upgrade and renovate the property at 2 N. Charles St., the firm said in a release on Monday. The seller was an affiliate of Stonehill Strategic Capital, and CBRE brokered the deal.

TEDCO fund invests in two Baltimore startups

The Black Train Trust has scored a $100,000 investment from the Maryland Technology Development Corp. (TEDCO) to help bring its product to market this year. The Baltimore-based tech startup has built a software platform to help firms measure and improve racial equity. It bills its core product, EquiScore BI, as “the Workday for diversity, equity and inclusion professionals.”

Md. graduate and cannabis activist uses SXSW to push for release of incarcerated marijuana offenders

For an industry that brings both pleasure and therapeutic sustenance to so many people, the burgeoning cannabis industry is beset with hurdles. Everything from federal regulation (or lack thereof), issues with vaping, equal access to banking, veterans’ causes, tax policies, public perception and the continued presence of the illicit (or legacy) market are among the leading causes of angst for those working both in and around marijuana legalization and reform.

Read More: WTOP
Local Cannabis Business Owner Makes Bid To Bring Diversity To Booming Industry
Wendy Bronfein is hoping to pave the way for more women to lead in the booming medical cannabis industry. “The medical cannabis industry is a place that’s ripe for female participation,” she said. Bronfein is the co-founder of Curio Wellness, a medical cannabis company based in Timonium. Her business has launched the Curio Investment Fund which is providing $30 million dollars in capital funding for women, minorities and disabled veterans to open their own Curio Wellness franchise location.
Read More: WJZ-TV

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.