Maryland Means Business: News, Stories and Insights

AstraZeneca unveils a $300 million cell therapy factory in Rockville, Md., part of a $3.5 billion U.S. investment to treat blood cancers. At the same time, Rite Aid files for Chapter 11 bankruptcy for the second time, impacting its 23 remaining Maryland stores and seeking a buyer.

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Residents in Emmitsburg, MD, voted for Donald Trump hoping for cost cuts. But now, federal cuts are targeting the vital National Fire Academy, a cornerstone of the town's identity and economy. The move baffles locals and lawmakers, raising concerns about firefighter training and local jobs.

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Maryland is investing heavily in its future, launching a $3.5 million program for shovel-ready business sites and recognizing outstanding affordable housing projects while also supporting small businesses impacted by infrastructure work with $1 million in grants.

Sponsored by Maryland Smart Energy — smarter buildings, smaller bills. Utility-funded energy programs for Maryland businesses, nothing out of pocket. https://mdsmartenergy.com

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Maryland promotes energy efficiency through programs like EmPower Maryland. However, the Strategic Infrastructure Development and Enhancement Act (STRIDE) has facilitated over $2 billion in spending on gas infrastructure, raising concerns that the state is "STRIDing backwards" and locking itself into fossil fuel use for decades, potentially contradicting climate goals.

Sponsored by Maryland Smart Energy — smarter buildings, smaller bills. Utility-funded energy programs for Maryland businesses, nothing out of pocket. https://mdsmartenergy.com

Produced with AI. https://marylandmeans.business

See how Department of Housing and Community Development-supported projects in Baltimore City, Western, and Southern Maryland are making a real impact, recognized at the recent Maryland Economic Development Association (MEDA) Awards. These projects showcase collaboration between state and local governments and are key examples of how "great places win".

Sponsored by Maryland Smart Energy — smarter buildings, smaller bills. Utility-funded energy programs for Maryland businesses, nothing out of pocket. https://mdsmartenergy.com

Produced with AI. https://marylandmeans.business

Discover how cybercriminals successfully scammed individuals and businesses in Washington D.C., Maryland, and Virginia out of a staggering $848 million in 2024, according to the FBI's latest Internet Crime Report. Learn which areas ranked highest for losses and the types of scams that proved most costly.

Sponsored by Maryland Smart Energy — smarter buildings, smaller bills. Utility-funded energy programs for Maryland businesses, nothing out of pocket. https://mdsmartenergy.com

Produced with AI. https://marylandmeans.business

Starting in July 2025, Maryland businesses will face a new 3% data and information technology tax covering a wide range of services, from cloud storage and website maintenance to cybersecurity and help desks. IT company directors predict this tax will likely lead to increased costs for small businesses and potentially higher consumer prices.

Sponsored by Maryland Smart Energy — smarter buildings, smaller bills. Utility-funded energy programs for Maryland businesses, nothing out of pocket. https://mdsmartenergy.com

Produced with AI. https://marylandmeans.business

Get ready for double-doubles and Timbits! The beloved Canadian coffee and sweets chain, Tim Hortons, is crossing the border and planning to open its first 10 locations in Maryland, with initial spots being scouted in Howard and Carroll counties.

Sponsored by Maryland Smart Energy — smarter buildings, smaller bills. Utility-funded energy programs for Maryland businesses, nothing out of pocket. https://mdsmartenergy.com

Produced with AI. https://marylandmeans.business

Explore how nearly 100 business fraternity pledges at the University of Maryland's Smith School battled it out in a KPMG-sponsored case competition, developing AI-driven sustainability solutions for a medical center. Find out which fraternity impressed the judges with their strategic insights and took home the top prize.

Sponsored by Maryland Smart Energy — smarter buildings, smaller bills. Utility-funded energy programs for Maryland businesses, nothing out of pocket. https://mdsmartenergy.com

Produced with AI. https://marylandmeans.business

Unpack the backlash against Maryland's 3% tech tax, with Delegate Crosby clarifying his "controversial vote" amid business relocation concerns. Learn how federal contractor layoffs are impacting Maryland's economy, and the innovative response from the University of Maryland offering free AI education to help those affected pivot their careers.

Sponsored by Maryland Smart Energy — smarter buildings, smaller bills. Utility-funded energy programs for Maryland businesses, nothing out of pocket. https://mdsmartenergy.com

Produced with AI. https://marylandmeans.business