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Top 5: ‘Welcome to the new angel environment’

Top 5: ‘Welcome to the new angel environment’

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A new name for a Baltimore neighborhood, the possibility of a new hospital in Prince George’s County and a new funding for a Baltimore tech start-up. Here are the Top 5 business stories of the week.

1. Baltimore Internet company snags $750K in funding – by Alissa Gulin

410 Labs — which this month released to the public an email service called — has garnered coast-to-coast support from both individuals and prominent venture capital firms, particularly from California’s Silicon Valley, the nucleus of national high-tech development and manufacturing.

That’s a fairly unique achievement for a new company like 410 Labs in a city like Baltimore, said several people involved with the year-old venture. And to some investors, Shortmail’s early success — 10,000 users registered within a week — indicates that co-founders David Troy, chief executive officer, and Matt Koll, chief operating officer, must be doing something right.

2. Middle East may become Beacon Park after a makeover – by Melody Simmons

Developers of an 88-acre site in East Baltimore will soon unveil a new blueprint for the stalled $1.8 billion redevelopment that includes a proposal to rebrand the area and change the name of the Middle East community to Beacon Park.

Sources close to the project say the study by the Baltimore advertising agency Carton Donofrio Partners includes plans to jump-start residential development there by 2014.

3. First Mariner will appeal Nasdaq delisting – by Ben Mook

First Mariner Bancorp, the parent company of 1st Mariner Bank, said it would appeal the delisting of its stock by the Nasdaq stock market — giving the troubled bank company another 30 to 45 days to make its case.

On July 15, Baltimore-based First Mariner received notice from Nasdaq that its request to stay listed on the Nasdaq Capital Market had been denied. A hearing is normally held within 30 to 45 days after the request is made, with a decision coming about a month later.

4. UM Medical System to aid in revamp of Prince George’s health care system – by Nicholas Sohr

The University of Maryland Medical System will partner with Prince George’s County to revamp the long-struggling health care system in the county, Gov. Martin O’Malley.

The partnership, which also includes the University System of Maryland and Dimensions Healthcare System, will review the county’s health care facilities and study the possibility of building a new regional health care and health sciences facility to serve Southern Maryland.

5. Baltimore casino bid deadline extended two months – by Nicholas Sohr

Bids for the Baltimore City casino license will be due two months later than planned in order to give the state has more time to review questions raised about the project and a federal reverse discrimination lawsuit filed to disrupt it.

The decision by the Video Lottery Facility Location Commission will require would-be developers to submit proposals by Sept. 23 instead of the July 28 date set this spring.

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