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Funders commit $1B toward AI tools for frontline workers
A coalition of funders will spend $1 billion over 15 years to help develop artificial intelligence tools for frontline workers.
MD study finds payoffs for economic development spending
A new Maryland study shows every $1 invested in local economic development returned $8.81 in tax revenue, reinforcing its value across communities.
With $18B already, Montgomery County businesses on track for record-high investment year
Funding for Montgomery County companies is on track to outpace last year’s numbers by over 450%, according to data gathered by the Montgomery County Economic Development Corporation. Over $18 billion has been invested in 76 companies in Montgomery County, […]
Exelon creates $36M fund to support minority-owned businesses
Exelon announced the creation of its Racial Equity Capital Fund, which aims to use $36 million to help minority businesses obtain capital to fuel growth and spur job opportunities.
Maryland cyber firm Sonatype raises $80M
A Maryland company that focuses on open source software governance and security has received an $80 million investment.
Md. university system to divest from some fossil fuels
The University System of Maryland Foundation says it will no longer directly invest in certain fossil fuel sources. Leonard Raley, president and CEO of the foundation, which oversees the system’s […]
Retail Properties of America makes $27M Hagerstown investment
Retail Properties of America Inc. has purchased the Shoppes at Hagerstown for $27 million. The 113,000-square-foot retail property is currently 93 percent occupied and includes tenants such as Best Buy, […]
Could Chinese investment boom come to Baltimore?
The Baltimore area isn’t necessarily a hot spot for Chinese investment. It wasn’t until June of 2014 that investors first took advantage of a 1990 law that creates what’s known as EB-5 […]
Md. firm’s JV partner gets $7 million S. Korean investment
A Rockville-based pharmaceutical company is expecting to speed up development of an eye drop after its joint venture partner secured $7.28 million in South Korean investments. RegeneRx Biopharmaceuticals Inc. announced […]
Court: Franchisee can’t blame bank for bad investment
Don’t expect a bank to save you from yourself, the Court of Special Appeals said in rejecting a franchisee’s claim that Sandy Spring Bank negligently loaned him the money to invest in The Coffee Beanery Ltd. in Annapolis.
Legg Mason profit jumps 51 percent
Thanks in part to strategic acquisitions and restructuring efforts completed or announced over the past several months, Legg Mason Inc.’s net income jumped 51 percent during the quarter that ended June 30 compared to the comparable period last year.
$12M available for biotech investors
State officials are continuing their efforts to make biotechnology big business in Maryland.
