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Nov 8, 2021

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, Maryland’s most populous jurisdiction, in just the first three quarters of 2021, as compared to the $4 billion that was in[...]

Oct 28, 2021

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.

Sep 7, 2018

Maryland cyber firm Sonatype raises $80M

A Maryland company that focuses on open source software governance and security has received an $80 million investment.

Jun 30, 2016

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 $1 billion endowment, tells The Baltimore Sun that they are concerned about climate change and taking actions to reflect that. The foundation said Tuesday that it […]

Jan 25, 2016

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, Starbucks and Dollar Tree. “We are very pleased to start the year with these acquisitions which continue to highlight the depth of our relationships within […]

24 West Franklin
Dec 8, 2015

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 when Oriental Dolphins, through its regional investment center’s subsidiary, loaned money to MVH Baltimore Hotel LLC to purchase and renovate the former  Mount Vernon Hotel, now […]

Mar 9, 2015

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 Monday that its partner and licensee, G-treeBNT Co. Ltd., will receive $5.92 million from a Korean government investment fund and an additional $1.36 million from […]

Roasted coffee beans, uploaded by Goele to Wikimedia Commons - Public domain
Aug 12, 2014

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.

Jul 31, 2014

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.

BioMaryland 2020
Jul 2, 2014

$12M available for biotech investors

State officials are continuing their efforts to make biotechnology big business in Maryland.

First Mariner
Jun 18, 2014

1st Mariner sale closes, bank recapitalized

1st Mariner Bank announced Wednesday that it had closed the sale of the bank to a group of local investors.

Jun 16, 2014

Investors still waiting on Fed to make moves

When Federal Reserve officials gather this week and Fed Chair Janet Yellen speaks with reporters, investors will be seeking clues to two big questions:

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