Tuesday, November 26, 2024 | Baltimore, MD
Baltimore, MD
54°
Cloudy
FOLLOW US:

Business

Frederick business owner to headline Hub City Vinyl show

Blues guitarist and co-owner of The Logo Shack, Michael Tash will headline the newly opened Live at Hub City Vinyl venue in Hagerstown on Jan. 5. Tash, known for his performances with the Bad Influence band, will treat audiences to an evening of blues music. Aside from his role overseeing sales and marketing at The Logo Shack, Tash is an accomplished musician, dedicating more than 100 nights a year to performing.

Cannabis dryingPh by Andrea Porziellawww.terredicannabis.com
After full legalization, Maryland cannabis sales hit expectations

Marylanders have spent hundreds of millions of dollars buying cannabis since the drug was legalized for adult use this summer. Every month since July, there’s been at least $50 million of sales of adult-use cannabis, on top of more than $30 million per month sold for medical patients – a robust market for the fledgling industry.

Where you need to make at least $200K to afford a home in Baltimore

Mortgage rates have been dropping in recent weeks, but that’s only slightly improving affordability in many Greater Baltimore neighborhoods. Greater Baltimore — defined here as Baltimore City plus Anne Arundel, Baltimore, Carroll, Cecil, Harford and Howard counties — has 11 ZIP codes where it takes at least $200,000 in annual income to afford a median priced home, according to an analysis of data from Zillow Group Inc. and RocketMortgage by The Business Journals.

Business is good for this Rockville team of historians and archivists

About the business: History Associates Inc., led by President and CEO Beth Maser and staffed by a team of historians and archivists, works with museums to build exhibits and corporations to create historical retrospectives — in addition to archiving and information management for private sector clients. History Associates isn’t scared of getting involved in sticky situations.

The Baltimore region needs more warehouses, but no, please not here

They’re huge. They’re ugly. Big trucks go in and out of them at all hours of the day. They’re also among the biggest employers in some Maryland counties. Their property taxes fund schools and local governments. And they’re the reason why you can push a button and have a TV, diapers or almost any other product delivered to your doorstep within a day.

BYD is set to beat Tesla for a second straight year after producing more than 3 million cars in 2023

BYD said Monday it produced more than 3 million new energy vehicles in 2023, putting the Chinese electric car giant on track to surpass Tesla
’s production for a second straight year. The U.S. electric car company had yet to release full-year figures as of Tuesday in Asia. Tesla said it produced 1.35 million cars during the first three quarters of 2023.

Read More: CNBC
Baltimore Harborplace: Planning commission recommends redevelopment proposal

The Baltimore Planning Commission recommended Thursday that the city move forward with a proposal to revitalize the Inner Harbor by replacing the aging Harborplace pavilions with a mixed-use development of housing, shops, offices and a park. Commissioners voted in support of legislation that will now move to the City Council for hearings and a vote. Acknowledging opponents’ concerns about rushing review of a plan that developers unveiled less than two months ago, commissioners agreed that the city must act with urgency to restore a city treasure for future generations.

 

Read More: Baltimore Sun
MOM’s Organic Market will open a location in Severna Park’s Park Plaza by early 2025.

A Rockville grocery chain known for selling organic produce will open its first Anne Arundel County location by early 2025. Mom’s Organic Market signed a lease for 11,893 square feet at Park Plaza in Severna Park. The upcoming location at 550 Ritchie Highway will be its 11th grocery store in Maryland and fifth spot in Greater Baltimore. The organic grocery chain expects to open the location in late 2024 or early 2025, according to a release from Baltimore-based Continental Realty Corp., which owns Park Plaza.

What’s next after County Council rejects overlay for Sugarloaf region

The Frederick County Council’s decision this week to reject the proposed Sugarloaf Rural Heritage Overlay Zoning District shocked some and raised questions about the future of the Sugarloaf region and efforts to preserve it. On Tuesday, the council voted 5-2 to reject the proposed Sugarloaf overlay zone, the intent of which was to restrict certain land uses and limit their potential impacts on the environmentally sensitive areas around Sugarloaf Mountain.

TurningPoint Energy, Pivot Energy partner on Md. community solar portfolio

TurningPoint Energy and Pivot Energy Friday announced a collaboration on six community solar projects in Maryland totaling 16.6 MWdc of solar capacity. The projects, located in Howard, Prince George’s and Garrett counties are in the late stages of development and are expected to start construction in 2024. The acquisition of the portfolio marks the first transaction between TPE and Pivot.

The Morning Rundown

We’re staying up to the minute on the issues shaping the future. Join us on the newsletter of choice for Maryland politicos and business leaders. It’s always free to join and never a hassle to leave. See you on the inside.