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Baltimore Business Journal
8 things to know: Downtown is going to the dogs with planned park
Good morning and happy Monday! Hope you enjoyed the weekend. Temperatures are supposed to remain in the high 80s throughout much of the week with some rain and thunderstorms forecasted through Thursday. The heat wave isn't returning this week. <\p> Now here's what you need to know to start your day.<\p>
Retailer offers Orioles fans free furniture with World Series win
Imagine cheering on the Baltimore Orioles as they win the World Series and then getting a new mattress for free.<\p> That’s the dream Overstock Outlet Furniture Store in Remington is pitching to O’s fans this summer. The store at 2811 Sission St. launched a new promotion that will give customers a 100% refund on all purchases made July 19-Aug. 19 if the Orioles win the World Series this year. <\p>
Constellation leans into clean energy initiatives with youth summit
Amy Claudio marveled at watching the Conowingo Dam produce hydroelectric energy.<\p> The high school student had a chance to get up close to the Cecil County dam this month during Constellation Energy Group Inc.'s (Nasdaq: CEG) second annual Youth Energy Summit. The free overnight camp at the University of Maryland, Baltimore County is designed to help kids learn more about clean energy and potential careers in the field.<\p>
Businesses, agencies ramp up backup systems after global tech outage
The global technology outage caused by a CrowdStrike update pushed to Microsoft Windows devices impacted everything from airlines to banks Friday morning — and reinforced the need for companies to have procedures in place to handle disruptions when they occur.<\p> Systems were gradually coming back on line by late morning.<\p>
Here's a first glimpse at new West Baltimore MARC station designs
The long-awaited redesign of the MARC train station in West Baltimore will bring a modern, glass-enclosed cube with new platforms and high-tech amenities to the city's infamous Route 40 "highway to nowhere." <\p> Renderings of the station were released by Amtrak officials late Thursday and are the latest Amtrak investment in Baltimore that includes a $60 million high-speed rail line addition to Penn Station and $30 million in upgrades to the historic head house in Station North.<\p>
Global IT outage hampering BWI Airport
A global technology outage on Friday said to be stemming from a software update from cybersecurity firm CrowdStrike is hampering operations at airports and other operations in Greater Baltimore. <\p> At least three major airlines — American, United and Delta — grounded all flights because of the outage, according to the Federal Aviation Administration. While some airlines and airports had re-established operations, residual delays are expected to occur, according to airline companies. <\p>
OpEd: More funding needed to train city's young entrepreneurs
As the leader of an academic center focused on entrepreneurship, I am excited about Baltimore’s potential to give our young people amazing opportunities to imagine, launch and sustain businesses. <\p> As a city, we can collaborate to create an entrepreneurial ecosystem that fully meets the needs of young people and gives them the chance for hands-on learning, exploration and support. Imagine the boost to our economy and community if we empower more of our young people to tap into their potential and build thriving businesses right here.<\p>
Bakery to open fourth store this year, eyes franchising
A local European-style bakery will bring its scratch-made croissants farther west in Maryland, with its fourth store opening this year.<\p> Roggenart European Bakery, Bistro & Cafe plans to debut a Frederick bakery during a September grand opening. The bakery will take a short break in its expansion before planning to open another five stores in 2025. <\p>
These are Greater Baltimore's wealthiest ZIP codes
Nine out the 10 wealthiest ZIP codes in Greater Baltimore reside in Howard County but the county failed to take the top spot. <\p> Gibson Island (21056), a small private community in Anne Arundel County, was ranked the wealthiest ZIP Code in Greater Baltimore for the third year in a row. The List of Wealthiest Zip Codes is ranked by median household income, with median home value of occupied homes and income per capita used as tiebreakers. <\p>
8 things to know: Baltimore waterfront hotel unveils 'Skyview Terrace'
Good morning and TGIF! <\p> A massive global technology outage has grounded planes and shut down medical services, banks, broadcasters and other businesses around the world this morning. The problem is being blamed on a software update issued by CrowdStrike, a cybersecurity firm, the New York Times reports. The update has led to crashes of machines running the Microsoft Windows operating system. I hope the issue is solved by the time you're reading this — and that you're not stuck in an airport somewhere. Stay tuned.<\p>
City design panel warms up to latest Harborplace designs
Updated plans for the high-profile redo of Harborplace were received with optimism by a city design panel and show a new series of wider entrances off Calvert and South streets to better knit the waterfront with the city.<\p> The proposed changes were the latest in an ongoing and often bumpy discussion over the design and scope of the revitalization of the Inner Harbor site before the city's Urban Design and Architecture Advisory Panel, or UDAAP. The wider entry points were among the updates proposed to the panel during a nearly two-hour meeting Thursday as part of an effort to finalize a master plan for a $500 million redevelopment by MCB Real Estate.<\p>
The National Observer: Distress rises for apartment owners
Welcome to The National Observer, a roundup of top business news and actionable insights from across The Business Journals network of publications. Today, we'll take a look at the challenges of finding new tenants as two prominent drug store chains close stores, uncertainty around new rules on brokers in the home buying sector, and Big Lots' plan to close dozens of stores as doubts arise around its solvency over the next year. But for our top story we're going to examine distressed debt in the multifamily sector.<\p> Get more stories like these every day in your inbox by subscribing to The National Observer newsletter. <\p>
Community college to establish center for trades careers
Carroll Community College plans to establish a hub for trades and technical training, which could be a step toward building a new training facility in the rural county. <\p> The Westminster college plans to lease a 15,000-square-foot building to establish an applied technology and trades center. President Rose Mince believes the facility can prove to the state that there is demand for classes in plumbing, welding, and other skills, so the school can apply for funding to construct a new building once the state is in a better financial situation.<\p>
Ekiben to expand NIL program
Ekiben is looking beyond sports when it comes to partnering with the biggest names on college campuses. <\p> The popular local restaurant chain is looking to expand its fledgling name, image and likeness (NIL) program this fall and wants to partner with all different types of college students. Ekiben has partnered with a fencer and two volleyball players from local universities but is now turning its sights to poets, theater students, chess players and writers. <\p>
Small Harford County town prepares for big growth wave
Bel Air's Fourth of July parade brought more than 200 folks decked out in red, white and blue to the small Main Street business owned by Joe Conroy. There was face painting for kids, cold drinks aplenty and a live band near two sets of rented bleachers on the front lawn.<\p> "My dream was to open a business here so we could do this," Conroy said, of the annual patriotic party that ends with town fireworks.<\p>
Local chamber of commerce taps new CEO
The Central Maryland Chamber of Commerce has appointed Dewan Clayborn as its new president and CEO, making him the organization's first Black president. <\p> Clayborn replaces Kristi Simon, who now leads the Howard County Chamber of Commerce. He is bringing his expertise in management and chamber operations from his previous role as president and CEO of the League City Regional Chamber of Commerce in Texas. The Central Maryland Chamber of Commerce is a nonprofit business organization that promotes and connects 350 member businesses. <\p>
8 things to know: Pickleball company to open first Maryland location
Good morning and happy Thursday! We're almost to the weekend. <\p> Unfortunately, the Orioles will be on the road until July 26 so we can't head to Oriole Park at Camden Yards this weekend. But there's plenty to do in Greater Baltimore if you're sticking around this weekend. You might want to get outside. The weather is only supposed to be in the high 80s and low 90s. (That will actually feel pretty nice.)<\p>
The ghost effect: Another sign the job market has dramatically shifted
Three years ago, many employers reported the phenomenon of being "ghosted" by job candidates.<\p> In yet another sign of the shifting labor market, the shoe is now on the other foot, with companies now abruptly ceasing communication with candidates. <\p>
Gunnar Henderson is costing Papa Johns money but owner doesn't care
For Baltimore-area Papa Johns stores, it turns out that the "better ingredient" needed to get new customers is Gunnar Henderson home runs.<\p> The local franchise owner for the popular pizza chain announced a deal at the beginning of the season that would give Baltimoreans half off a pizza the day after the Orioles All-Star hits a home run. That has proved costly for the pizza chain. Henderson is third in Major League Baseball in home runs so far this season with 28, equaling the number of home runs he hit all last year. <\p>
Columbia company's $320M deal to go public hits snag
A Columbia alternative medicine company’s plan to go public under a deal worth up to $320 million is facing delays after the firm attempting to acquire it ran into cash flow issues.<\p> Gaithersburg-based 99 Acquisition Group, a special purpose acquisition company that exists to merge with another company looking to go public, failed to correctly extend the acquisition deadline to merge with Nava Health. The firm tried to move the close date from May 22 to Aug. 22 but failed to deposit the full amount of money in a trust necessary to delay the acquisition, putting the deal in limbo. <\p>
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