Maryland Sen. Ron Young says multiple tech company executives have told him they will consider moving out of the state if an accounting tax change he is proposing gets passed by the General Assembly. Young wants to call their bluff. A bill proposed by Young, a Democrat from Frederick County, would require retail and restaurant chains in Maryland to use combined reporting for corporate income taxes. Combined reporting would require companies with subsidiaries in different states to account for…
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A new index created by Yelp shows Baltimore and the country as a whole experienced a drop in business health and consumer interest in the fourth quarter of 2018. The new measurement foreshadows the possibility of a recession in the U.S., the reviews website said, and show how Greater Baltimore failed to measure up to the economic strength of most other cities at the end of 2018. The Yelp Economic Average (YEA) provides a snapshot of how businesses are faring in 30 sectors across 50 U.S. metro…
A local family wants to bring Baltimore its own version of “Cheers” on Howard Street. Cousins Glenn Bydume, Mark Bydume and Glenda Laws are working with family friend Maurice Stokes to open Bentley’s, a restaurant and lounge where they hope to create the kind of community setting in which — like the TV show — everyone knows your name. “We’re all native Baltimoreans, we wanted to give back to the community, and what better way to do that than with food?” Glenn Bydume said. The group is…
The project, across from the Union Collective, will be Seawall’s latest adaptive reuse development in North Baltimore.
One of the state’s Department of Commerce’s top officials is leaving to join Maryland Environmental Service. Steve Pennington will lead strategic partnerships and industry relations for the nonprofit quasi-government state agency. Pennington had headed business and industry sector development under former Secretary of Commerce Mike Gill since 2015. Pennington became one of the state’s most well-known officials in the business community while at the Department of Commerce. He regularly attended…
A record 4.4M sf of new industrial space is underway in Maryland this year, report shows.
University of Maryland President Wallace Loh will remain in his position until June 2020. The announcement, by the University System of Maryland Board of Regents at its Wednesday special meeting in Baltimore, comes months after Loh had announced in October his intent to step down at the end of the current school year. But in a statement on Wednesday, Loh, 72, said he discussed a “smooth transition of leadership” with the board, and they mutually agreed to extend his term for another year. The…
With speculation of a possible presidential run continuing to mount, Gov. Larry Hogan again preached bipartisanship during his fifth “State of the State” address. The speech came just two weeks after Hogan, a Republican, delivered his inauguration address. Hogan has also been in the national spotlight because many political insiders believe he will try to challenge President Donald Trump in the Republican primary election. Hogan used his speech to talk about how his administration has worked in…
The owner of The Food Market, a bustling restaurant on Hampden’s main retail stretch, has another project in store for the neighborhood. While reservations and valet parking are a regular part of the dining experience at The Food Market, Chef Chad Gauss plans to take a much more casual approach with TigerStyle, an Asian-influenced eatery opening Feb. 9. The takeout-style restaurant will have just 16 seats and will focus instead on another kind of customer: those who want to order from home. Gauss…