A local restaurant franchise group will open a new Jimmy John’s location in Carroll County this week as part of a continued expansion in Greater Baltimore. The new location for the Illinois-based sandwich chain opens today at 1325 Liberty Road in Eldersburg. It is the first new store for Columbia-based Fulton Holdings, which plans to open five more locations in Greater Baltimore this year.
T. Rowe Price Group Inc. reportedly came close to securing the naming rights for Oriole Park at Camden Yards, a deal that would’ve been a flashy move for the normally conservative Baltimore firm. The Wall Street Journal reported Wednesday that the investment giant (NASDAQ: TROW) had reached a deal with the Orioles to secure the team’s stadium’s naming rights before it was announced that the team would be sold to Baltimore billionaire David Rubenstein.
Investing in Maryland is a safe bet, according to a recently released Maryland Economic Development Association study. The January report, completed with the help of Salisbury University’s Business Economic and Community Outreach Network, found every dollar invested in county economic development operations in Maryland yielded an estimated $9.17 in return.
North Bethesda, Maryland-based hotel franchiser Choice Hotels International has reached an agreement with Tesla that will allow franchise operators to install Tesla Universal electric vehicle charging stations at its hotels, including Radisson, Cambria, Comfort, Country Inn & Suites, Quality Inn and other Choice brands.
A company creating a new type of wood with the strength of steel plans to build an 88,971-square-foot manufacturing facility in Frederick. InventWood plans to move into its 5971 Jefferson Station Court headquarters by early March thanks to a $20 million grant from a U.S. Department of Energy program. The company will use the facility to start manufacturing its flagship product MettleWood in early 2025 and hire at least 50 to 60 employees. InventWood is currently located at the University of Maryland, College Park, where founder Liangbing Hu conducted most of the early research into how to turn normal wood into an strong construction material.
Discussions around airplane safety have some travelers having second thoughts. Boeing is one of the world’s largest airplane manufacturers. The company has been under intense scrutiny after an Alaska Airlines Boeing 737 Max 9 was forced to make an emergency landing in January when a door plug panel blew out of the side of the plane mid-flight.
I-Mab, a global biotech company exclusively focused on bringing highly differentiated immunotherapies and biologics for cancer treatment, Wednesday announced that as part of its strategy to become a U.S.-based biotech with headquarters in Rockville, its Chinese subsidiaries have entered into definitive agreements with I-Mab Biopharma (Hangzhou) Co., Ltd., an unconsolidated affiliate of the company, and a group of China-based investors to divest the company’s assets and business operations in China.
Investing in Maryland is a safe bet, according to a recently released Maryland Economic Development Association study. The January report, completed with the help of Salisbury University’s Business Economic and Community Outreach Network, found every dollar invested in county economic development operations in Maryland yielded an estimated $9.17 in return. “This is a wonderful opportunity to showcase the impact of the economic development community in the state of Maryland,” said John Hickman, director of BEACON.
AstraZeneca is investing $300 million in a state-of-the-art facility in Rockville, the company announced Tuesday. The facility is part of the launch of its life-saving cell therapy platforms in the United States for critical cancer trials and future commercial supply. It is expected to create more than 150 new highly-skilled jobs to initially focus on manufacturing T-cell therapies to enable clinical trials to be conducted around the world.
Ford Motor is rethinking its electric vehicle strategies, including “reassessing” the need for vertical integration of batteries, CEO Jim Farley said Tuesday. The Detroit automaker previously confirmed plans to delay or cut $12 billion in spending on all-electric vehicles, but the comments made Tuesday are the most detailed about Ford’s changing plans for EVs, sales of which are growing at a slower-than-expected rate.
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