A look inside Amazon.com's new Sparrows Point fulfillment center

Baltimore Business Journal - Tue, Aug 21, 2018
Amazon.com Inc. officials said the company's fourth fulfillment center in Maryland at Tradepoint Atlantic is expected to employ 1,500 full-time workers by late October. The internet retailing giant's first Baltimore County warehouse was built in less than 10 months as part of a redevelopment at the former Sparrows Point steel mill. It was unveiled Tuesday morning by General Manager Tim Foley who led a tour he said was "a sneak peek behind the magic." As the facility was still being outfitted with…
Categories: Baltimore News

Baltimore adtech firm raises $1.3 million seed round

Baltimore Business Journal - Tue, Aug 21, 2018
CEO David Jacobs previously worked for local adtech firm Advertising.com, then for AOL when it bought Advertising.com in 2004.
Categories: Baltimore News

Exclusive: One of Baltimore's largest conventions is leaving for Philadelphia in 2020

Baltimore Business Journal - Tue, Aug 21, 2018
Natural Products Expo East, one of Baltimore's largest conventions, has outgrown the Baltimore Convention Center and will move to Philadelphia in 2020. The departure comes as city and state officials renew calls to expand the aging convention center, which was built in 1979 and saw its last major upgrades in 1996. Baltimore has lost several high-profile conventions to cities with newer, more spacious convention amenities — including Otakon, an anime convention that grew its attendance to more…
Categories: Baltimore News

Kohl's CEO: Under Armour 'has delivered very strong performance'

Baltimore Business Journal - Tue, Aug 21, 2018
It remains to be seen if Under Armour Inc. will successfully complete a turnaround, but the brand is performing well for Kohl's Corp. Apparel and footwear drove 3.1 comparable sales growth in the second quarter for Menomonee Falls, Wisconsin-based Kohl's. CEO Michelle Gass pointed to the "continued momentum" by national brands as a driver in a call with analysts Tuesday morning. Kohl's (NYSE: KSS) overall reported sales of $4.57 billion in the quarter. Sales among the national brands, which include…
Categories: Baltimore News

Aramark to debut 'beer bikes' at M&T Bank Stadium this season

Baltimore Business Journal - Tue, Aug 21, 2018
Aramark is bringing new "beer bikes" to 10 NFL venues this season, including M&T Bank Stadium in Baltimore. The bikes are outfitted with and will sell draft beers and are being branded as "Tour de Taps." The mobile vending concept is part of a new food and beverage slate for the 2018 season, according to Aramark Sports & Entertainment Division President Carl Mittleman. The concessionaire will deploy the "BeerCycles" as part of its food and beverage work for the Ravens, Eagles, Texans, Buccaneers,…
Categories: Baltimore News

Opinion: Maryland must stop 'funneling massive sums of taxpayer dollars' to Amazon

Baltimore Business Journal - Tue, Aug 21, 2018
Amazon is closing in on a home for its second headquarters, often called HQ2, and Maryland is a top contender. But a closer look at the stream of corporate welfare that has already made its way into the tech giant’s coffers raises a critical question: Why should the third-richest company in the world get another penny from Maryland taxpayers? To date, Amazon has received a staggering $46 million in subsidies from Maryland taxpayers. Just last year alone, Amazon got over $7 million from…
Categories: Baltimore News

Fulton cyber firm raising funds after acquiring tech, leadership from Silent Circle

Baltimore Business Journal - Tue, Aug 21, 2018
Gregg Smith is CEO of new cyber company Attila Security Inc. Previously, he has led two other local cyber firms, Silent Circle and Optio Labs Inc.
Categories: Baltimore News

Study: Maryland ERs struggle to treat overdoses from unknown drug combinations

Baltimore Business Journal - Tue, Aug 21, 2018
Emergency departments across Maryland see hundreds of patients each year who present suffering from suspected drug overdoses. But a new study shows why it can be difficult for doctors to properly identify the types of drugs that are causing an overdose. A report based on studies conducted at University of Maryland Medical Center Midtown Campus (UMMC Midtown) in Baltimore and the University of Maryland Prince George’s Hospital Center (PGHC) highlights the complexity of detecting and treating overdose…
Categories: Baltimore News

Local investors part of $4M funding round in Columbia cyber startup Bandura Systems

Baltimore Business Journal - Tue, Aug 21, 2018
Local cybersecurity software firm Bandura Systems has raised a $4 million Series A funding round to support growth and increase sales. The company, which is dual-headquartered in Columbia and St. Louis, received funding from investors local to both of its home cities. Maryland investors Grotech Ventures, Gula Tech Adventures, Maryland Venture Fund participated in the round, along with St. Louis's Cultivation Capital. Bandura is backed by more than $5 million in funding to date, including a $3.5…
Categories: Baltimore News

Viewpoint: University of Maryland football scandal should spark a new movement

Baltimore Business Journal - Tue, Aug 21, 2018
It’s hard not to be sickened by the descriptions of student abuse being reported about University of Maryland’s football program. It’s equally hard not to wonder if such behavior is more universal than we think. If behind the closed locker doors of other testosterone-bathed college football programs, players are routinely compared to ineffectual felines for failing to run as fast, throw as hard or lift as much as the trainers think they should. If coaches swell to Nick Saban or Bobby Knight…
Categories: Baltimore News

From Apple to Twitter: A look at what T. Rowe Price bought and sold in 2Q

Baltimore Business Journal - Tue, Aug 21, 2018
Baltimore-based T. Rowe Price has $1.07 trillion in assets under management as of July 31.
Categories: Baltimore News

Here's what it takes for a mid-tier Md. contractor to compete in evolving federal marketplace

Baltimore Business Journal - Tue, Aug 21, 2018
The company's chief says software and "as a service" platforms are changing the conversation with government customers.
Categories: Baltimore News

8 things you need to know this morning

Baltimore Business Journal - Tue, Aug 21, 2018
Good morning Baltimore! Today will be cloudy and on the cooler side with temperatures staying in the 80s. We may also see some thunderstorms pass through the area. Now, here are 8 things you need to know this morning. Dorm space at University of Maryland will be tight this year after more students elected to attend College Park last spring than expected. To accomodate the extra students, the university has turned some dorm lounges into rooms and in some places added an extra student to double…
Categories: Baltimore News

Special lottery could help pay for $300M renovation of Pimlico, state delegate says

Baltimore Business Journal - Mon, Aug 20, 2018
Mayor Catherine Pugh said Monday the Preakness was in Baltimore to stay — and when asked how to pay for the $300 million needed to upgrade Pimlico, a state delegate suggested it could be through a special lottery. Del. Sandy Rosenberg said the lottery could fund much of the cost to re-do the historic, 143-year-old race track in Park Heights pending the results of an ongoing study by the Maryland Stadium Authority. Both he and Pugh spoke about the future of Pimlico during a ceremony to reopen…
Categories: Baltimore News

Fells Point gala builds on push to draw more visitors to the neighborhood

Baltimore Business Journal - Mon, Aug 20, 2018
A new gala highlighting Fells Point's restaurants, boutiques and other small businesses will debut this week as part of a continued push to boost foot traffic in the waterfront neighborhood. The End of Summer Soiree, planned for Thursday evening at the Sagamore Pendry Hotel, will raise money for Fells Point Main Street, a nonprofit focused on promoting the neighborhood's commercial district through revitalization, historic preservation and economic development initiatives. But organizers hope it…
Categories: Baltimore News

Pimlico school debuts after much-needed $43 million overhaul

Baltimore Business Journal - Mon, Aug 20, 2018
The $43 million redevelopment of Pimlico Elementary-Middle School in Park Heights was hailed as a new beginning in the downtrodden community Monday. "We want this part of the city to thrive," said Mayor Catherine Pugh, shortly before a red ribbon was cut to officially reopen the school. "It's coming. It's here." The redevelopment was part of the ongoing 21st Century Schools project by the state and city, a $1 billion plan to build or renovate 28 Baltimore schools under the supervision of the Maryland…
Categories: Baltimore News

Proposed online sales tax regs could mean $50M to $150M windfall for Maryland

Baltimore Business Journal - Mon, Aug 20, 2018
The U.S. Supreme Court ruled 5-4 in June to overturn a prior ruling that prevented states from imposing sales taxes on online sales and catalog companies that don't have a physical presence in the state where they make a sale.
Categories: Baltimore News

Brothers pay $1.1M for Riptide by the Bay in Fells Point

Baltimore Business Journal - Mon, Aug 20, 2018
Seven months after it failed to sell at auction, Riptide by the Bay in Fells Point has found a buyer and made the transition to new ownership. Joseph Brockmeyer IV, a longtime bartender and manager at the nearby Horse You Came In On Saloon, and his brother, Justin Brockmeyer, purchased the seafood restaurant last month. State records show RRR 1 Investments bought the 3,000-square-foot, three-story brick building at 1718 Thames St. for $1.1 million on July 13. Joseph Brockmeyer said he and Justin…
Categories: Baltimore News

A new study suggests Northern Virginia is the region's best bet for HQ2

Baltimore Business Journal - Mon, Aug 20, 2018
Northern Virginia is the best bet of the three local jurisdictions on Amazon.com Inc.’s short list for HQ2 to land the prize, according to a new study from CNBC. CNBC used data from its annual America’s Top States for Business study to grade the 20 short-listed locations based on Amazon’s four main criteria for picking a location for its second headquarters — a metropolitan population of 1 million or more, a stable and business-friendly environment, potential to attract and retain strong…
Categories: Baltimore News

USM regents taking over Maryland football investigations

Baltimore Business Journal - Mon, Aug 20, 2018
The University System of Maryland Board of Regents is taking control of University of Maryland, College Park investigations into the death of University of Maryland offense lineman Jordan McNair and the culture of the Terrapins’ football program. Adelphi-based USM made the announcement Friday evening following a four-hour board meeting. The USM said it will have additional details about the investigations this week. UMd. President Wallace Loh had previously announced the separate investigations…
Categories: Baltimore News

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