In a bid to boost its global vaccine manufacturing abilities, Gaithersburg biotechnology firm Novavax has paid roughly $167 million to buy a biologics manufacturing plant in the Czech Republic. The company paid cash for Praha Vaccines a.s., part of the ...

Tagged with: COVID-19 Maryland business COVID-19

Businesses and some limited religious gatherings will be open in Howard County starting this Friday. Howard County Executive Calvin Ball announced the easing of restrictions Tuesday during a briefing with reporters. Ball made his announcement in advance of a rally ...

Tagged with: Maryland business COVID-19 Maryland COVID-19 respnose

Local lenders offering federal loans to help businesses cover payroll amid the COVID-19 outbreak have experienced a significant decline in demand for those funds. That’s a dramatic turnaround from roughly a month ago when the Paycheck Protection Program was beset ...

Tagged with: Maryland business COVID-19

Baltimore plans to ease restrictions related to the COVID-19 pandemic, and allow expanded retail operations. Starting Wednesday, businesses may request permission to create a temporary pickup and drop-off zones for customers and delivery drivers to acquire their purchases curbside. The ...

Tagged with: Maryland business COVID-19

I’d like to retire the term ‘crisis’ from current business and economic journalism. While the pandemic has doubtlessly jolted our social and economic realities, it’s important to remember disruption is not a unique or singular occurrence. Disruption is always happening. ...

Tagged with: Maryland business COVID-19

Shortly after the March 16 lockdown in Maryland, Brian Boston began takeout service at his fine dining restaurant in Sparks. Thanks to loyal customers who frequented the establishment, the restaurant broke even. But by week two, Boston was losing $1,000 ...

Tagged with: Maryland business COVID-19

Maryland’s unemployment rate tripled in one month, driven by responses to the COVID-19 pandemic, according to a preliminary report released by the U.S Bureau of Labor Statistics. Hardest hit was the hospitality and leisure industry — hotels, restaurants and casinos ...

Tagged with: Maryland business COVID-19

The COVID-19 pandemic is expected to slow commercial real estate markets over the next two years, but the damage to the sector will fall short of what the industry suffered in the wake of the 2008’s Great Recession, according to ...

Tagged with: Maryland business COVID-19

As we “flatten the curve” and begin to restart the economy, businesses ready to get back to work should be aware of potential exposure to COVID-19 lawsuits. Just as consumers are eager to return to their favorite restaurant, shop, or ...

Tagged with: Maryland business COVID-19

John Clifton, owner of Towson Delly, isn’t thrilled about taking a Paycheck Protection Program loan. He’s owned the eatery for 22 years and “never depended on the government.” He would have preferred to stay open, serve his loyal customers and ...

Tagged with: Maryland business COVID-19 Maryland covid-19 response