Business

The Junction, a proposed 179-unit affordable housing project consisting of two buildings on either side of West South Street, could receive property tax breaks and $2 million in city funds after separate votes from Frederick’s aldermen.

BWI Marshall Airport has the lowest parking rates among the D.C. region’s three airports, but those rates are going up this summer. Long-term parking will go from $8 per day to $11 per day after July 1, which is the least expensive parking option at BWI Marshall. It’s the equivalent of economy parking at Dulles International, which is $14 per day, and economy parking at Reagan National, which is $19 per day.

Rockville-based Emergent BioSolutions is eliminating 300 jobs and will not fill 85 current job openings, as part of a broad restructuring that also includes closing manufacturing facilities, including one in the Maryland city. Emergent also reported quarterly revenue of $300 million, almost double revenue in the same quarter a year ago, and a $9 million profit, compared to steep losses in the first quarter of 2023.

Thousands of shipping containers on the Dali, the 984-foot cargo vessel that struck and destroyed the Francis Scott Key Bridge more than a month ago, face an uncertain fate. About 180 of the 4,700 containers have been removed from the ship and taken to a CSX rail yard in Curtis Bay, while the rest, both full and empty, remain stacked on board as the vessel owner, shipping line and cargo customers negotiate who ultimately will cover the costs of the salvaging operation.

Bethesda hotel giant Marriott International Inc. (NASDAQ: MAR) lifted its full-year profit guidance on Wednesday on strong international room revenue growth. The company posted an 11% increase in revenue per available room — a key industry metric — for its international hotels. It recorded a nearly 17% year-over-year increase in room revenue in the Asia Pacific region excluding China.

The Baltimore Ravens are introducing field-level seats to M&T Bank Stadium this year as part of a major renovation plan. The team said 138 plush seats will flank each side of the northwest and southwest corners of the field. The new spots are “Permanent Seat Licenses,” a one-time purchase that allows guaranteed rights to buy season tickets every year for your location, as well as the opportunity to sell or transfer that license.