Business

Business in Towson is booming. Over 50 different businesses have found their way to Towson since the beginning of 2020, according to Nancy Hafford, Executive Director of Towson’s Chamber of Commerce. “Towson has become more of the urban environment in Baltimore County; it’s sort of like a mini downtown, but it’s a safe place to go,” Hafford said.

Maryland lawmakers approved a plan to rebuild Baltimore’s storied but antiquated Pimlico Race Course and transfer the track to state control in the waning hours of the state’s legislative session on Monday. The measure would use $400 million in state bonds to rebuild the home of the second jewel of horse racing’s Triple Crown, the Preakness Stakes.

A Baltimore company won $150,000 in investment from celebrity investors Mark Cuban and Emma Grede on ABC’s popular “Shark Tank” show. Dawn Myers, the CEO of Richualist, won over the panel with a presentation on Friday about her hair care device, the Mint. After years of research and development, she plans to use the investment to bring the product to a broader market, targeting Black customers with highly textured hair.

The Washington County Department of Business and Economic Development is seeking input on how the recent collapse of the Francis Scott Key Bridge may have impacted businesses in the community. Businesses can submit their names, contact information, details of any disruptions, damage or losses the business is experiencing as a result of the bridge collapse via email to Linda Spence, Business Specialist for the Department of Business and Economic Development at LSpence@WashCo-MD.net.

Greater Baltimore’s wealthiest resident in 2023 moved to Florida, and now his cousin and business partner is the region’s richest man. Billionaire Jim Davis of Cockeysville, 64, is worth $4.4 billion, according to Forbes’ 2024 World’s Billionaires List. At No. 712 on the list, that leaves Davis as the richest man in Greater Baltimore after his cousin — Ravens owner Steve Bisciotti — moved to Hobe Sound, Florida.

Two local craft beverage companies are joining forces to open an “all day and all night” concept in Timonium. Aveley Farms Coffee Roasters and Diamondback Brewing Company announced on Friday that they’re planning a venture that will be a mash-up of both: a roastery and café from Aveley and a brewery, taproom and pizza kitchen from Diamondback.

Five hundred businesses have applied for financial assistance stemming from the collapse of the Francis Scott Key Bridge last week, the administrator for the U.S. Small Business Administration announced Thursday. The SBA has deemed mid-Atlantic businesses impacted by the bridge collapse eligible for Economic Injury Disaster Loans (EIDLs) of up to $2 million to help overcome temporary loss of revenue from the collapse and Port of Baltimore’s closure to most maritime traffic.