A second ruling by a state appeals panel upholds a deal that would move the Maryland Insurance Administration out of the downtown.
More than 100 business owners and advocates implored Maryland lawmakers to reject a proposal to expand the state sales tax to services, saying it would have a crippling effect on the local economy. House Bill 1628, sponsored by Del. Eric Leudtke, would lower the state sales tax from 6% to 5% while expanding it to most services. He argues the proposal would make Maryland’s taxes more fair while also providing billions of dollars for public education reforms. The measure would provide Maryland with…
Novavax Inc. is already cashing in on its stock spike after announcing plans to develop a vaccine for the COVID-19 coronavirus. The Gaithersburg biotech has raked in $98.7 million in net proceeds this quarter from selling 10.5 million shares of common stock at $9.55 per share, the company reported Monday in Securities and Exchange Commission filings. And it could sell up to $150 million more in common stock shares, the company said. Novavax’s (NASDAQ: NVAX) stock was trading at $12.09 per share…
The taps have been turned off at the Harbor East location of national brewpub chain Gordon Biersch. Reached by phone Monday afternoon, a staffer at the Harbor East bar and restaurant said only, “I’m sorry, we’re closed,” before hanging up the phone. Josh Kern, chief experience officer for Nashville, Tennessee-based Craftworks Holdings, Gordon Biersch’s parent company, said in an emailed statement that “this was purely a business decision as we continue to focus on other Gordon Biersch…
Atlas Restaurant Group is doubling down on the farm-to-table experience. The Baltimore-based company announced on Monday the creation of Atlas Farms in Carroll County, with the goal of supplying 100% of the produce at its restaurants and becoming a certified organic farm within three years. In addition to supplying the restaurants, the farm’s fruit, vegetables and herbs will also be sold at local farmers markets and donated to area food banks, according to a release from Atlas. This latest move…
“We’re poised for an even better year in 2020,” said Aaron Tomarchio, a senior vice president at Tradepoint.
The Red Boat has closed after less than two years on Charles Street. The Vietnamese fusion restaurant at 334 N. Charles St. has been closed since late last week, with plastic covering the windows and door. A manager with the Red Boat location on Eutaw Street confirmed the restaurant had shuttered and said the owners “didn’t want to continue with it.” The Eutaw Street location will remain open. Red Boat’s Charles Street location is still listed on the company’s website, but the restaurant’s phone…
