The Montgomery County Police Department (MCPD) is investigating the suspicious death of a person in the 9300 block of Piney Branch Road in Silver Spring.
Four Montgomery County companies in the financial services, AI, biopharma, and clean tech industries raised just over $460 million across public offerings and private investment activity in June and July, signifying continued investor confidence in Montgomery County’s business ecosystem.
In June, Forbright, a Chevy Chase-based bank holding company with 545 employees, successfully completed its initial public offering on the Nasdaq. The D.C. region’s fastest-growing bank raised $142.2 million, valuing the company at approximately $950 million, marking not only a major milestone for the company but also for Montgomery County’s rapidly expanding financial services industry, which boasts companies spanning venture capital, private equity, financial technologies, and investment asset management.
Also in June, Bethesda-based Xometry announced a $225 million secondary public offering. Founded in Gaithersburg, the AI-powered manufacturing marketplace has become one of Montgomery County’s homegrown innovation economy success stories, connecting businesses with manufacturing capacity around the world through its intelligent digital platform. The additional capital will allow the company, which employs over 1,000 people, to continue expanding and investing in advanced manufacturing innovation.
Known as the anchor of the third-largest biopharma hub in the nation, it’s not surprising that life sciences companies in the County also continue to attract attention from investors. In July, RegenxBio, Inc., a clinical-stage biotechnology company focused on the development of gene therapy treatments, raised $90.04 million in its second public offering on the Nasdaq Stock Exchange. Located in Rockville with over 370 employees, RegenxBio is a leader in developing therapies for retinal, neuromuscular, and neurodegenerative diseases.
In clean tech, Arculus Solutions, a developer of hydrogen-barrier coatings designed to protect infrastructure from hydrogen embrittlement, raised $1.95 million of Seed-1 funding from undisclosed investors, putting the company’s pre-money valuation at $20.05 million. The company’s coatings can be used in various applications, such as hydrogen fuel cell pipelines, storage tanks and hydrogen-powered vehicles, enabling the energy industry to reduce the risk of accidents and improve safety. Based in Bethesda, Arculus is yet another example of Montgomery County’s growing position as a hub for clean tech, which is home to several leading clean tech companies, including X-energy and Liatris.
From innovative financial institutions and AI leaders to biopharma and clean tech companies that are developing technologies that are shaping to future, Montgomery County continues to remain a place where companies can start and scale quickly.
The Montgomery County Department of Environmental Protection (DEP) is accepting applications for RainScapes Reward Rebates, offering up to $7,500 for residents and $20,000 for businesses to implement stormwater management practices that reduce runoff and protect local water quality. (more…)
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The Montgomery County Police department is investigating a commercial burglary that occurred on Wednesday, September 18, 2024, at approximately 8:42 p.m. at the Montgomery Towers Apartment Complex in the 400 block of Silver Spring Avenue in Silver Spring. (more…)
College Park Day is on Saturday, October 3, 2026 from 12:00 to 6:00 pm at the College Park Aviation Museum and Airport!This annual festival has free activities and entertainment for all ages.
This year includes three live music and performance stages! Dance and sing along to an exciting lineup of local bands!
Montgomery County Fire and Rescue Services (MCFRS) responded to a vehicle fire on Tuesday, October 22 in North Bethesda. (more…)
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Update: All southbound lanes of I-270 just past Exit 11 (Quince Orchard Rd/MD 124) have reopened. A collision has blocked the three right lanes of southbound I-270 past Exit 11 […]
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In May, we reported that Dollar Tree had signed on to move in to the vacant space that was recently home to Privai Spa and previously home to Mynd Spa and Red Door Spa at 62 Market St in Gaithersburg’s Kentlands neighborhood. (more…)
The Washington Commanders have announced that they have released 2021 first round draft pick Jamin Davis.
As we head into the final stretch of the regular season, playoff seeding is on everyone’s mind. Teams are jostling for position, while some are fighting just to keep their postseason hopes alive. This week’s slate features critical matchups, high stakes, and a few potential blowouts. Let’s dive into the games.
Blair’s defense has been solid, but no team has found a way to slow down Bah and the Panthers’ rushing attack all season. Blair needs to not only play flawless defense but also find ways to move the ball against a tough Paint Branch defense. It’s a tall task, and while Blair has heart, the Panthers’ physicality and experience in big games should be too much.
A scratch-off loving grandfather from Prince George’s County is $100,000 richer after recentlty purchasing a winning lottery scratch-off ticket. Full story below courtesy MD Lottery: (more…)