Saturday, May 28, 2022 |
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Anirban Basu named chief economist of Maryland Bankers Association

Every year bankers look forward to regional economist Anirban Basu’s joke-filled, fantasy-themed forecast at the Maryland Bankers Association’s annual “First Friday Economic Outlook Forum.” Now they’ll get to hear his jokes (and insights about the economy) even more often. The Maryland Bankers Association announced Tuesday it has appointed Basu as its chief economist. Basu, CEO of Sage Policy Group, said he is taking on the role through a contract with the MBA.

Colonial Pipeline hit by new computer problem

Colonial Pipeline, the main Gulf Coast-East Coast artery for gasoline and other petroleum products, ran into a new computer snag Tuesday as it was still recovering from a shutdown that started May 7 after a ransomware attack. The company said the latest problem, which interrupted the system used by shippers to place requests for service, called nominations, was not a continuation of the cyberware attack that sparked panic-buying by frustrated motorists across the Southeast last week.

Change at Md. Matters: Gaines to Become Editor, Kurtz to Return to Reporting

Maryland Matters is announcing that Deputy Editor Danielle E. Gaines will become editor of the website on Wednesday. She’ll replace Josh Kurtz, the Maryland Matters editor and co-founder who will take on the title of Founding Editor. Kurtz will become a full-time reporter for Maryland Matters and will lead a long-term project that will be announced later this month.

half closed laptop
‘Silver linings in this mess of a pandemic’: Telecommuting allows Black women in Maryland to build wealth

At first, Minyanna Farmer thought the LinkedIn message from a recruiter was spam. She couldn’t imagine she could work from home and increase her salary by 80%. But when it turned out to be real, the Forest Park resident didn’t think twice, accepting the offer to become senior manager of relationship marketing for BETMGM, an online gaming and sports betting website in New Jersey, and giving her a six-figure salary — a first in her career.

Read More: Baltimore Sun
Restaurant roundup: A peek inside Baltimore’s new Busboys & Poets

Busboys & Poets is inching closer to a grand opening in Charles Village. The Washington, D.C. chain’s much-anticipated arrival in Baltimore is slated to happen by the end of the month, a Busboys spokeswoman told me this week. On Thursday evening, the cafe/bookstore/performance space hosted a sneak preview for the neighborhood, featuring live performances, remarks from Mayor Brandon Scott and some free snacks and books. You can take a first look at the new space in the gallery above.

Catonsville-based Erickson Living becomes Erickson Senior Living, plans $3 billion in new U.S. development

Erickson Living, a Catonsville-based operator of retirement communities, is changing its name to Erickson Senior Living and planning $3 billion in new development across the United States. Erickson, which runs 20 communities in 11 states, including Charlestown in Catonsville and Oak Crest in Parkville, plans to build 5,000 new apartment units in new and existing communities. The company said it is adding “Senior” to its name to reflect its identity serving a population that’s projected to double to 98 million people by 2060.

Read More: Baltimore Sun
Basketball – Shot 2-Points
A start-up basketball league, hoping to compete with the NCAA, announces TV deal

A start-up men’s basketball league, with plans to pay college students and compete with the NCAA, has inked a media rights deal, setting the stage for its debut later this year. The Professional Collegiate League reached a pact with Next Level, a network owned by a former Obama administration official, that will air its games both on linear TV and streaming platforms.

Buccini/Pollin Group reports $300 million in lease deals

The Buccini/Pollin Group report the execution of nearly one million square feet and $300 million in lease transactions. BPG executed over 75 new and renewal deals, representing stability across its commercial portfolio despite uncertainty in the market. In Delaware, BPG leased 459,000 square feet with a lease value over $85 million.

Local dispensaries plan for big sales, celebrations on second 4/20 amid pandemic

Medical cannabis dispensaries will celebrate their second 4/20 in the throws of a global pandemic next week. And although the cannabis “holiday” falls on a day that typically sees lower sales overall, local business owners are planning for spikes all weekend long. Dispensaries in Greater Baltimore hope to bring in plenty of extra business with special sales, giveaways and events celebrating Tuesday, April 20, many of those starting this weekend. 4/20 is a date that has become synonymous with the celebration of legal marijuana access and consumption.

Record first quarter included several Maryland VC deals topping $100M

Venture capital totals hit a national quarterly record in the first quarter of 2021, with growing companies raising more nine-digit fundings rounds than ever, according to the latest PwC/CB Insights MoneyTree report. VC investments in Q1 surged to a new quarterly record of over $62 billion, raised through 1,735 deals nationwide, the MoneyTree report shows. The funding total is up 117% year-over-year, and the deal total is up 14%.

The Morning Rundown

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