Thursday, March 30, 2023 |


Under Armour’s eventual exit from Locust Point could put community garden in jeopardy

When Under Armour Inc. moves its headquarters to Port Covington, Locust Point will not only be losing its largest employer but it could also lose one of its only green spaces. The Locust Point Community Garden has existed on land owned by the Baltimore sportswear maker for the last five years. In that time, the property has transformed from an overgrown lot to a garden with more than 60 beds that is serviced by 100 local households.

Five & Dime Ale House in Baltimore’s Hampden neighborhood closes after six years

Sunday was the last day of business for Five & Dime Ale House, a popular pub on Hampden’s Avenue, the restaurant posted on social media after closing time. The former G.C. Murphy five-and-dime shop on 36th Street was re-imagined as a neighborhood tavern nearly seven years ago, opening in the fall of 2016. The two-level ale restaurant, which offered American fare among brick walls and a retro vibe, is owned by the 206 Restaurant Group.

Read More: Baltimore Sun
Downtown Baltimore on the Harbor
Report: Baltimore industrial market grew by over 26.5M s.f. since 2017

The industrial market in Greater Baltimore has grown at a frenetic pace for the past six years with 26.5 million square feet of new warehouse space added to the landscape. A new report by Cushman & Wakefield highlights how the strength of e-commerce has helped to grow the metro area’s industrial base since 2017 with over 30 million square feet of warehouse space leased.

The D.C. region is still not growing inclusively. And it’s causing economic pain.

The past decade of economic growth in Greater Washington has not been fairly spread out across the entire region. And in many ways, it’s just gotten worse in the last few years. Those are the conclusions of a new study from Brookings Metro that charted inclusive growth in major cities across the country both before and during the pandemic, and found a rather grim picture of Greater Washington.

Target to close 2 stores in Virginia, Maryland this May

Target announced plans to shutter four US stores, including two in the Washington, D.C. metro area. This move coincided with several other big-box retailers shuttering certain locations. The Falls Church, Va. store at 500 South Washington St. and the 7501 Baltimore Ave. location in College Park, Md. will close May 13, according to a spokesperson on for the retail giant Wednesday.


Read More: DC News Now
Under Armour drops behind Adidas in NCAA Tournament team sponsorships

Basketball fans who flock to televisions this week to watch the 2023 NCAA Men’s Tournament will notice fewer Under Armour logos on their screens. Baltimore-based Under Armour (NYSE:UAA) is the official jersey sponsor of 11 teams in this year’s tournament, which is 16% of the 68-team field, according to Apex Marketing. The 11 teams is five fewer than last year, when the company sponsored 16 tournament teams, or 23.5% of the field.

Silver Spring’s Urban One cashing out of stake in MGM National Harbor, raising $146M to shore up balance sheet

Silver Spring media company Urban One Inc. (NASDAQ: UONE) is cashing out of its longstanding investment in MGM National Harbor to the tune of nearly $146 million. On March 8, Urban One issued a “put notice” that requires MGM National Harbor LLC to repurchase Urban One’s share in the casino for cash within 30 days, according to a document filed with the Securities and Exchange Commission.

Baltimore, Maryland, USA Skyline
Maryland tourism organizations focus on business travel, labor shortages

Visit Baltimore is prioritizing efforts to bring business to the Baltimore Convention Center this year while Visit Howard County is working to attract business travel again, three years after the Covid-19 pandemic hit. The two agencies, along with Visit Annapolis and Anne Arundel County, shared insights on their local tourism challenges, recovery from the pandemic and what they’re working toward now during a BWI Business Partnership meeting on March 9.

The nation’s biggest electric capacity market needs fixing, critics say

The nation’s largest grid operator is warning that it might not have enough electric generation in the future to guarantee reliability. And it comes as the Federal Energy Regulatory Commission convenes a forum on the multibillion-dollar capacity market PJM operates to ensure there’s enough power to meet demand even during grid emergencies, such as during Winter Storm Elliott last year.

Baltimore bans contractor for two years over ‘utter disregard’ for minority business rules

Baltimore leaders imposed rare sanctions Wednesday on a longtime business partner for repeatedly failing to make timely payments to a West Baltimore company, a decision they hope sends a signal about the city’s commitment to upholding requirements for women- and minority-owned businesses. The city’s five-member Board of Estimates unanimously approved a two-year ban on contracts with the New Jersey-based Metra Industries for a series of late payments to a Black-owned subcontractor, and for misrepresenting the reason for these missed payments over a monthslong investigation.

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