Monday, November 25, 2024 | Baltimore, MD
FOLLOW US:

Business

Downtown state office tower needs immediate repairs to avoid ‘catastrophic failure’

The state-owned William Donald Schaefer Tower — which holds a satellite office for Gov. Wes Moore and several agencies — is in severe disrepair and certain parts could be facing “catastrophic failure” that would result in the building having to be shut down. Decay at the 37-year-old structure include failing HVAC systems and damage to the underground parking garage, according to an emergency procurement request filed as part of the Dec. 13 state Board of Public Works agenda.

Baltimore County shoe startup inks deal with Charm City Run, D.C. retailer

A Baltimore County kids’ shoe company started by a former Adidas and Mizuno executive has secured deals to get its shoes in several regional running stores. Jbrds, which focuses on making shoes built specifically for kids’ feet, will soon have its shoes in Charm City Run and Pacers stores. The deals are the first retail partnerships for the company that started selling its shoes online in August 2022 and will bring Jbrds to much of the mid-Atlantic.

Montgomery County wood sale offers timber salvaged from historic oak

Wood enthusiasts interested in sourcing timber from local trees will have a chance this weekend, when the Montgomery County parks department hosts its third annual urban wood sale, offering buyers the chance to purchase wood salvaged from area trees. Among the offerings — walnut, cherry, poplar, oak, mulberry, cypress and ash, according to a Montgomery Parks statement — will be celebrity timber: wood salvaged from Maryland’s historic Linden Oak, thought to have been more than 300 years old when it was felled in July.

brown and white concrete building during night time
DC area experiencing increase in retail theft. For small stores, it’s not just business — it’s personal

Joanne Wunderly got a dreaded call one morning two years ago that there had been a break-in at her Manassas, Virginia, store and the burglar made off with the cash register. Not only was the register gone, so was the cash box, the week’s deposit, and some jewelry that she sells in her store The Things I Love. “I think I was more angry than anything,” Wunderly said. “I’ve worked so hard, and we all do as small businesses … and you walk in and somebody just thinks they have the right to come in and just take whatever they want from your personal space.”

Read More: WTOP
Vendors at BWI Airport fear they’ll be evicted soon

Tisha Skinner operates the only Rita’s Italian Ice franchise at an airport anywhere, in Terminal C at BWI Thurgood Marshall Airport. She also has a Smoothie King franchise in Terminal D14 at BWI. Like a lot of vendors who run businesses in the airport, she’s excited about the multimillion-dollar improvements the state plans to make over the next several years at BWI.

Revamped CFG Bank Arena ranks high on Billboard list of highest-grossing venues in world

With acts such as Bruce Springsteen, Lionel Richie, Janet Jackson, New Edition and Queen already rocking its venue, CFG Bank Arena seems to be striking the right chord with bands and audiences. Seven months after the unveiling of the $250 million revamped venue, it’s also receiving big, international praise. Billboard magazine announced that among venues with a capacity of less than 15,000, CFG Arena was the tenth highest-grossing venue in the world and number four in North America. In 2009, the venue ranked first in North America.

Sparrows Point Alliance launches to support economic growth in Baltimore region

Sparrows Point Alliance, a nonprofit, grassroots organization of Maryland community groups, business organizations, and labor unions, officially launched Wednesday to support the continued revitalization of Sparrows Point and specifically the completion of the proposed Sparrows Point Container Terminal project (SPCT).

camden yards, baltimore, maryland
Still no lease deal between Maryland and Orioles, negotiations continue

Negotiations on a stadium lease agreement between the Baltimore Orioles and the state of Maryland are still underway. Fans cheered as a surprise announcement appeared on the scoreboard at a September Thursday night game at Camden Yards. Officials “agreed to a deal that will keep the Orioles in Baltimore and at Camden Yards for at least the next 30 years,” the announcement said.

Read More: WBALTV
CVS Says It Will Change the Way Its Pharmacies Are Paid

CVS Health, the nation’s largest pharmacy chain with more than 9,000 locations, said on Tuesday that it planned to change the way its pharmacies are paid for the medications they dispense, in an apparent attempt to address widespread criticism from health plans and employers about high drug costs. The new model, which will begin to go into effect next year, involves a complex corner of the opaque world of drug pricing.

Read More: NY Times
AstraZeneca expands Montgomery County presence with massive new lease

AstraZeneca PLC (NYSE: AZN) is doubling down on Montgomery County, adding another large facility to its already substantial footprint in suburban Maryland. The British pharmaceutical giant has inked a lease to take over a full building — 198,000 square feet — at 700 Progress Way in Gaithersburg. The property sits less than three miles north of AstraZeneca’s existing campus, a nine-story headquarters comprising 1.27 million square feet.

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.