Friday, November 22, 2024 | Baltimore, MD
Baltimore, MD
39°
Rain Shower
Baltimore, MD 10 days weather forecast ▸
FOLLOW US:

Business

Baltimore hit with 25% loss in private sector jobs due to Covid-19, report shows
February 19, 2021 -

Private sector jobs in Baltimore dropped 25% in 2020, wiping out hiring gains made during 2019, the city’s economic development arm revealed on Thursday. There were just 6,200 new jobs created in the city last fiscal year amid Covid-19. That is a stark contrast to the 31,900 new jobs during the same period in 2019, a report from the Baltimore Development Corp. showed. The report provided a micro-level snapshot of the local hiring landscape amid the pandemic.

Read More: Baltimore Business Journal
Sheppard Pratt to renovate part of Towson campus for psychedelics research center
February 17, 2021 -

Local psychiatric hospital Sheppard Pratt is partnering with a fast-growing mental health care company to build out a center dedicated to research of psychedelic drugs. COMPASS Pathways plc (Nasdaq: CMPS), a United Kingdom-based company developing psychedelic mental health therapies, is establishing its first Centre of Excellence in collaboration with the Sheppard Pratt Institute for Advanced Diagnostics and Therapeutics.

Read More: Baltimore Business Journal
The Baltimore Sun to be acquired by nonprofit from Tribune Publishing
February 17, 2021 -

Returning The Baltimore Sun to Maryland hands, the state’s largest newspaper and its affiliates are to be acquired by a nonprofit formed by businessman and philanthropist Stewart Bainum Jr. that would operate the media organization for the benefit of the community. The sale was made possible by Alden Global Capital’s $630 million deal announced late Tuesday to acquire full control of Tribune Publishing, which also publishes The Chicago Tribune, The New York Daily News and other major newspapers.

Read More: Baltimore Sun
Here are the Baltimore bars and restaurants that have been penalized by the city for coronavirus-related violations
February 17, 2021 -

As a result of the COVID-19 pandemic, several Baltimore City businesses have been fined or shut down due to overcrowding concerns or allegations that they improperly served customers indoors. At city liquor license board hearings, restaurant owners and commissioners alike have repeatedly cited “confusion” about the city and state regulations. Most establishments have been fined $100 to $200. The health department, meanwhile, has shut down several establishments.

Read More: Baltimore Sun
EverFi eyes international growth as it aims to tackle ‘dangerous collection of crises’ with new online courses
February 16, 2021 -

D.C.-based EverFi Inc. has a plan for 2021 — double down on mental health, social and emotional learning online courses at a time when the ongoing Covid-19 pandemic makes those subjects more important than ever. That follows a 2020 when the company grew its online learning platform for K-12 schools, colleges and employers to include more offerings centered on social justice. And it all comes as the pandemic is forcing big cuts in state and local funding for education — and EverFi is hoping to position itself to help fill that gap.

Read More: Washington Business Journal
Baltimore-based The Cordish Cos. opens Philadelphia casino and hotel
February 15, 2021 -

Baltimore-based The Cordish Cos. opened its latest Live-branded casino and hotel Thursday with an expansion into Philadelphia and the addition of pandemic-related protocols. The opening of Live Casino & Hotel Philadelphia in South Philadelphia’s stadium district follows Cordish’s opening in November of Live Casino Pittsburgh in Hempfield Township, Pennsylvania.

Read More: Baltimore Sun
Annapolis mainstay Chick and Ruth’s Delly will remain open following owner’s death
February 12, 2021 -

Chick and Ruth’s Delly, the mainstay Annapolis restaurant on Main Street, will remain open and won’t change following the death of its owner Keith Jones last month, his son said Thursday. “We’re going to keep Chick and Ruth’s going strong for the Annapolis community as it has for decades,” Spencer Jones said. “And we’re going to honor the legacy of both the restaurant and my dad.”

 

Read More: Baltimore Sun
Carroll County breweries recognize FeBREWary, focused on business at hand
February 12, 2021 -

February is Maryland Craft Beer Lovers Month, so it makes sense that the Brewers Association of Maryland celebrates by changing the calendar every year to FeBREWary. Carroll’s breweries are doing their best to celebrate, but amid the COVID-19 pandemic owners and brewers seem to agree they’re more focused on keeping their business steady. At Brewery Fire in Taneytown, owners Jesse Johnson and Dave Palmer brought back their chocolate raspberry stout called Dark Helmet for FeBREWary this year.

Read More: Carroll County Times
Baltimore towing company owner alleges discrimination in suspension of city contract following inspector general report
February 11, 2021 -

A Baltimore towing company whose contract with the city was suspended following the release of a report by the city’s inspector general is alleging racial discrimination. Universal Towing, a company based in West Baltimore, was the subject of a report released Feb. 4 by Inspector General Isabel Mercedes Cumming. That report, which did not name the vendor, said the company had violated the city’s police requested towing contract by towing three vans to a private lot rather than a city lot. The company attempted to scrap the three vehicles, in violation of the state’s transportation code, according to the report.

Read More: Baltimore Sun
Jeff Bezos, Amazon’s founder, will step down as CEO
February 2, 2021 -

Jeff Bezos, who founded Amazon as an online bookstore and built it into a shopping and entertainment behemoth, will step down later this year as CEO, a role he’s had for nearly 30 years, to become executive chairman, the company announced Tuesday. Bezos, 57, will be replaced in the fall by Andy Jassy, who runs Amazon’s cloud-computing business.

Read More: WBAL

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.