Approximately 85 Montgomery County Fire and Rescue Services (MCFRS) firefighters responded to a house fire in the 11600 block of Shenorock St in Gaithersburg on Sunday, January 5. (more…)
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Montgomery County Public Schools (MCPS) has announced that all schools and offices will be closed on Monday, Jan. 6, 2025, due to imminent snowfall, with all activities, programs, and childcare canceled; virtual learning will not be available, and decisions for Tuesday will be made later. (more…)
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 National Weather Service (NWS) has potential snow totals yet again as we move closer to the start of storm– currently expected to begin between 9pm-11pm tonight.
The City of Rockville issued the following news release on Sunday, January 5: (more…)
HouseMouse Books is excited to announce the debut of Escape the Bookshop IV, our brand new limited-run escape room experience.
Escape the Bookshop games are always based on a real crime with connections to the DC region. They are designed and built by HouseMouse Books to be played in our atmospheric bookshop. This latest game was inspired by a true local museum theft and the goal is simple – to find the stolen object before the suspect flees the country!
9:00 am Memorial Ceremony
Join us as we remember those lost to substance use.
A Winter Storm Warning is in effect from 10pm Sunday until 1am Tuesday morning and we’ll take a look at the most recent snow maps we can find from each of the local major network affiliates.
On Saturday, Governor Wes Moore issued a statement announcing the tentative labor agreements reached between the State of Maryland and its seven major employee labor unions ahead of the December 31, 2024, deadline.
Neighbors Barista has announced plans to open a brick-and-mortar location at 1101 Nelson St in Rockville, occupying the former Essex Bank space in the Woodley Gardens shopping center. (more…)
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The National Weather Service has expanded the Winter Storm Warning to now include almost all of Maryland and all of Northern Virginia. It goes in effect at 10pm tonight (Sunday) and lasts until 1am Tuesday morning.
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A Winter Storm Warning is in effect from 10pm Sunday night until 1am Tuesday morning for DC, portions of Maryland, and northern Virginia. With that comes the possibility for closures and delays, which we will get into tonight.
Hallmark at 227 Kentlands Blvd in Gaithersburg is set to close this month and is currently offering 50% off all items in the store.