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Business

How inflation and tangled supply lines are gripping the economy
February 14, 2022 -

Since the pandemic erupted two years ago, Forest Ramsey and his wife, Kelly, have held the line on prices at their gourmet chocolate shop in Louisville, Kentucky. Now, they’re about to throw in the towel. In the past year, the costs of ingredients for their business, Art Eatables, have surged between 10% and 50%. The Ramseys are paying their employees 30% more than they did before the pandemic.

Read More: The Daily Record
Pop-up shop celebrates small, Black-owned Baltimore businesses
February 7, 2022 -

A pop-up shop highlighted small, Black-owned businesses in Baltimore City as part of the Ceasefire Peace Challenge. The Black Wall Street Market brought businesses together at The Church Spot in northwest Baltimore. It started Friday and will last through Sunday. Tables lined a room with vendors selling all sorts of goods from beauty products to clothes. The pop-up shop was free to attend replete with food and music.

Read More: WBAL-TV
Columbia: Suddenly, from suburb to city
February 7, 2022 -

Columbia has sometimes been viewed as a place on the road to someplace else, a quintessential suburb scorned by those who love cities. But these days, Columbia is a whole thing, attracting young residents, businesses and visitors wanting to be part of the action. Billions in investments are creating a city giving Baltimore, DC, Bethesda and Towson runs for their money in the intra-regional quest for coolness and vitality.

Read More: Baltimore Fishbowl
woman holding an iphone
In banking, pandemic-era tech changes are here to stay
January 31, 2022 -

When the pandemic took root nearly two years ago, banking – at least the way most people had known it — was thrown into disarray. Gone were the days of walking into a local branch to deposit a check with a friendly teller or to sit down with a financial adviser. Banking became a new world of digital services and online meetings. Like banks across the country, Maryland banks have adapted to the pandemic with a wide range of technical innovations.

Read More: The Daily Record
Baltimore City Chamber of Commerce taps new chair, executive director
January 27, 2022 -

The Baltimore City Chamber of Commerce is starting off 2022 with two new leaders at the helm, including the organization’s first-ever woman executive director. Lenora Henry, who most recently worked for the Baltimore Office of Promotion & The Arts (BOPA), took over the executive director role on Jan. 3, succeeding William Honablew Jr. Kimberly Castle Royster, owner and chief financial officer of boutique accounting firm Kimberly Services LLC, also started her time as chairwoman earlier this month after being elected to a two-year term in November. She replaces Will Holmes.

Read More: Baltimore Business Journal
Harbor Link Breaks Ground in Baltimore on New Telecommunications Infrastructure Project
January 26, 2022 -

Harbor Link Holdings LLC, a Maryland based company and a leader in telecommunications infrastructure, announces today that it has broken ground on the construction of a new 60-mile, diverse conduit route set to enhance connectivity between Baltimore, Maryland, Washington D.C., and Northern Virginia. The route features conduit for fiber optic cables to enable multi-path, high-speed connectivity along the highly traversed I-95 corridor. The underground infrastructure system will provide local and long-haul dark fiber capacity, with more than 300 easy access points to enable connectivity to bridge the digital divide for underserved communities along the route.

Read More: Business Wire
Little Italy restaurant mourns beloved general manager killed in shooting
January 25, 2022 -

The Little Italy community said they are devastated over the loss of one of their own. La Scala Ristorante Italiano announced Monday on social media the death of its beloved friend and general manager, Chesley Patterson, 44. Patterson was shot and killed Sunday. Restaurant owner Nino Germano said Patterson, otherwise known as “Chesco,” was a staple in Little Italy. He said the loss is a reminder the violence must stop.

Read More: WBAL
Baltimore affordable apartment tower sells for $21.7M, millions in upgrades planned
January 25, 2022 -

A New York-based investment group has shelled out $21.7 million for an affordable housing tower in Sharp Leadenhall and is planning to spend nearly $2 million on upgrades. Hudson Valley Property Group acquired the 191-unit property at 911 Leadenhall St. last month from seller Evergreen Partners. The new owner is preparing to redo some of the units, add updated common space and make outdoor facade and landscaping improvements this year to move the development toward being fully leased, said Jason Bordainick, managing partner of Hudson Valley.

Read More: Baltimore Business Journal
800-unit multifamily, townhome development unveiled for former Locke Insulators site
January 21, 2022 -

An 800-unit residential development made up of multifamily apartments, townhomes and a handful of waterfront units is in the works for the former Locke Insulators site in South Baltimore. Developer 28 Walker unveiled a master plan for the project Thursday before the city’s Urban Design & Architecture Advisory Panel, shedding light on the future of a property that has long been the subject of development speculation.

Read More: Baltimore Business Journal
Baltimore-based girls lacrosse business gets acquired
January 21, 2022 -

A sports and events business founded by former McDonogh School girls’ lacrosse coach Chris Robinson has been acquired by a Massachusetts-based youth sports event and club operating giant. 3Step Sports is acquiring Baltimore-based Robinson Sports as it looks to grow its girls sports business. Robinson founded his business in 2014 to help create opportunities for girls in lacrosse and prepare players to play at the college level.

Read More: Baltimore Business Journal

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