Looney's to open a new pub in Perry Hall

Baltimore Business Journal - Fri, Apr 20, 2018
Looney's Pub will open a new location in Perry Hall, co-owner Bill Larney announced Friday. Larney said the new Looney's will take over a space on Belair Road that previously housed The Harp Restaurant & Catering, a sports bar that closed last summer. The pub will open in late summer or early fall, according to his post, and feature 100 TVs, live music, a raw bar and a menu similar to other Looney's pubs, "with some upgrades." Larney also promised "a nice surprise." A photo attached to his post…
Categories: Baltimore News

How this New York VC firm plans to help Johns Hopkins bring more products to market

Baltimore Business Journal - Fri, Apr 20, 2018
New York investment firm Deerfield Management is looking to bring more drugs, medical devices and health care products to market by partnering with academic institutions like Johns Hopkins University. Deerfield manages over $8 billion in assets, including about $3 billion through public funds and $5 billion through private funds. Last year, the firm announced a collaborative investment effort with Hopkins, called Bluefield Innovations. Deerfield has committed $65 million over five years to help…
Categories: Baltimore News

Exclusive: Chesapeake Bayhawks pitch scaled-back plan for Crownsville Hospital Center site

Baltimore Business Journal - Fri, Apr 20, 2018
When the Chesapeake Bayhawks unveiled their sweeping vision to build a sports and retail complex on the grounds of the former Crownsville Hospital Center in Anne Arundel County, the reaction was swift. Nearby residents — several hundred of whom turned out to a November community meeting on the proposal — said they were concerned about the burden the project could place on traffic as well as its effect on the environment. "I think everybody just went, 'Whoa, wow, really cool idea, there's parts…
Categories: Baltimore News

US Wind picks two Baltimore firms to help with Maryland's first offshore wind project

Baltimore Business Journal - Fri, Apr 20, 2018
If Maryland's projects are completed quickly enough, it would make the state a national leader in the offshore wind industry.
Categories: Baltimore News

Wells Fargo fined $1B for abuses in its auto lending, mortgage businesses

Baltimore Business Journal - Fri, Apr 20, 2018
Under terms of the settlement, Wells Fargo, Philadelphia's largest bank, has also agreed to compensate affected customers and improve its risk management and compliance management.
Categories: Baltimore News

Maryland unemployment rate rises for fifth straight month in March

Baltimore Business Journal - Fri, Apr 20, 2018
Maryland's unemployment rate continued to tick upward in March despite the the state adding 3,200 jobs. The state's unemployment rate rose to 4.3 percent, according to data released Friday by the U.S. Department of Labor. This was the fifth consecutive month the unemployment rate has increased after reaching a low of 3.8 percent in October. The national average remained at 4.1 percent. The state noted that initial unemployment insurance claims for March are at a 10-year low, while the number of…
Categories: Baltimore News

Developer Brown to seek tax relief for Mechanic Theatre site project

Baltimore Business Journal - Fri, Apr 20, 2018
"Without a PILOT in the city, you can't make the numbers work," developer Howard Brown said of the $100 million project.
Categories: Baltimore News

Videology sued by Swiss company for breach of contract

Baltimore Business Journal - Fri, Apr 20, 2018
Videology officials say they hope to reach an 'amicable resolution to this matter.'
Categories: Baltimore News

Barber Transportation, city's school bus operator, files for bankruptcy protection

Baltimore Business Journal - Fri, Apr 20, 2018
The troubled company that owns and operates the Baltimore City Public School System's buses has filed for Chapter 11 bankruptcy protection. Baltimore-based Barber Transportation Inc. listed liabilities between $1 million and $10 million in an April 13 filing in the U.S. Bankruptcy Court for the District of Maryland. The company also listed assets of between $1 million and $10 million. Gary S. Poretsky, an attorney at Jeffrey M. Sirody & Associates P.A. representing Barber, said a $1 million court…
Categories: Baltimore News

Southwest, engine manufacturer disagreed on time needed to inspect fan blades

Baltimore Business Journal - Fri, Apr 20, 2018
Southwest Airlines Co. (NYSE: LUV) and CFM International — the manufacturer of the engine that failed April 17 on a flight that killed a passenger — disagreed on how long it would take to comply with a proposed federal rule that would have called for inspection of fan blades within CFM56-7B engines. That's the same model engine that, on Southwest Flight 1380, came apart mid-flight. Shrapnel hurling from the engine toward the plane caused a window to blow out. The women sitting next to the destroyed…
Categories: Baltimore News

Guest notebook: Building a network in Baltimore

Baltimore Business Journal - Fri, Apr 20, 2018
By being a resource to others, showing up to community events, sharing actionable ideas to improve the city, and simply having a positive attitude, it is possible in Baltimore to have a real effect on growth and development.
Categories: Baltimore News

'We always joked it was a bridge too far:' O'Flynn's owner says distance led to South Baltimore restaurant's closure

Baltimore Business Journal - Fri, Apr 20, 2018
When Liam Flynn opened O'Flynn's Crab & Cask House almost two years ago, he hoped the bar and restaurant would encourage new investment in the less-developed Brooklyn neighborhood it calls home. But the struggle of getting Baltimoreans to travel south — to a place many mistakenly believe is beyond city limits — was real. Flynn said this week that O'Flynn's will be closing at the end of the month. The South Baltimore spot, known for its steamed crabs and drafts of Guinness, struggled for…
Categories: Baltimore News

Heard through the Maryland grapevine: Q&As with four local wineries

Baltimore Business Journal - Fri, Apr 20, 2018
More than 15 wineries have opened across Maryland since 2010, bringing the state's total to 90. Four local wineries discuss the future of the growing industry.
Categories: Baltimore News

Good news for Hopkins, UMB: NIH got a $3 billion budget increase. Here's what that means.

Baltimore Business Journal - Fri, Apr 20, 2018
Far from seeing the cuts President Trump had sought, NIH was handed a $3 billion budget increase in March, boosting the organization’s budget to a record $37.1 billion.
Categories: Baltimore News

8 things you need to know this morning

Baltimore Business Journal - Fri, Apr 20, 2018
Good morning and TGIF. It will finally be sunny today, although temperatures will remain chilly, peaking at about 60 degrees. The weather should still be nice enough to go out and enjoy Light City tonight, although tomorrow might be a few degrees warmer. Here are 8 things you need to know to start your weekend. Under Armour was one of more than 300 companies and organizations found to have ads run on YouTube channels promoting white nationalists, Nazis, pedophilia, conspiracy theories and North…
Categories: Baltimore News

Cordish tapped by Jacksonville Jaguars for $2 billion entertainment-sports district

Baltimore Business Journal - Thu, Apr 19, 2018
The Jacksonville Jaguars are bringing on development firm the Cordish Cos. to spearhead what could be a $2 billion project on what are now parking lots surrounding the team's EverBank Field. The team did not announce a timetable for the project, which it unveiled during Thursday's State of the Franchise event. Baltimore-based Cordish is an international developer of large-scale, urban revitalization projects and entertainment districts, often branded as "Live" districts. The more than 100-year-old…
Categories: Baltimore News

Maryland to receive another $10 million in federal funding for opioid crisis

Baltimore Business Journal - Thu, Apr 19, 2018
Maryland will receive another $10 million in federal funding to help combat the ongoing opioid crisis. The grant is part of $485 million in funding being awarded by the Department of Health and Human Services to all 50 states and four U.S. territories. The funding piggybacks off $10 million the state received last year from DHHS to fight the opioid epidemic. Gov. Larry Hogan last year declared Maryland's opioid crisis a state of emergency, signing an executive order for $50 million in new funding…
Categories: Baltimore News

Amazon pays its median worker $28,000, according to CEO pay disclosure

Baltimore Business Journal - Thu, Apr 19, 2018
The Seattle-based e-commerce giant reported $1.7 million in total compensation for founder and CEO Jeff Bezos, which comes out to about 59 times more than the median Amazon worker.
Categories: Baltimore News

Baltimore is part of JPMorgan Chase's big Greater Washington expansion

Baltimore Business Journal - Thu, Apr 19, 2018
About 20 percent of JPMorgan & Co.'s 70 planned branches will be in low-to-moderate income communities in Baltimore and Prince George’s County in Maryland, and Wards 7 and 8 in D.C.
Categories: Baltimore News

Howard County farmland proposed as site for 375 new homes

Baltimore Business Journal - Thu, Apr 19, 2018
The site is in north Laurel near Interstate 95 and would have about 375 single-family dwellings.
Categories: Baltimore News

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