As 2024 winds down, we wanted to share with you some of the most-read articles of 2024. This article was originally published on October 26th, 2024, when Best Buy closed its Gaithersburg store permanently.
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Dave Portnoy, founder of Barstool Sports, is known for his “One Bite” pizza reviews, where he rates slices on a 1-10 scale after sampling pizza from restaurants nationwide. Though most reviews focus on Massachusetts, New York, and New Jersey, Dave recently visited TinyBrickOven at 1036 Light Street in Baltimore. (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.
Montgomery County Fire and Rescue Services (MCFRS) responded to Westfield Montgomery Mall in Bethesda on Friday, December 23, after a fire broke out in the utility room of Kapow Buddy restaurant. (more…)
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Gourmet Inspirations, which opened in 2014 after taking over the location that was previously home to Good Fortune (2646 university Blvd W.), will close permanently on January 1st. Cam Rahn Bay, a Vietnamese restaurant connected to Gourmet Inspirations with the same owner, will also close.
On August 22, the New Neighbor Interfaith Alliance (NNIA) will host the 2026 Set Them Up for Success Volleyball Tournament and Family Fun Day from 9 am-4 pm at the Interdenominational Church of God in Gaithersburg, gathering volleyball teams, faith community members, and the public to raise funds to help recent refugees in Montgomery County attain independence.
An interfaith non-profit alliance of 37 faith communities and civic groups, NNIA raises funds to help resettled refugees with rental assistance, deferred medical care, English language skills and job placement. They also hope to expand their volunteer numbers to help more beneficiaries with job assistance, reliable transportation, and mentoring.
Butchers Alley is ten years old! To celebrate we’re throwing a can’t-miss cookout on Saturday August 29th from 11am-2pm. We’ll be grilling up free handcrafted burgers for the first 150 customers, tasting some of our favorite products and we’ve got a few fantastic raffle prizes for you like a $100 catering gift card, a free paella party for four and a butcher's pick bundle of our favorite cuts.
We’ll see you Saturday August 29th from 11am-2pm for great burgers, good times and celebration of 10 years of Butchers Alley!
The Montgomery County Department of Transportation (MCDOT) will adjust schedules for 27 Ride On bus routes starting January 12, 2025, to improve efficiency and reliability, with updated schedules available online and in print. (more…)
The Montgomery County Department of Environmental Protection (DEP) encouraging residents to reduce, reuse, and recycle during the holiday season to minimize waste, which typically increases by 25% between Thanksgiving and New Year’s, and offers tips for sustainable practices and proper tree recycling. (more…)
Chef Ngee Kitchen Jollof Rice Drive Thru is coming soon to 18523 N. Frederick Ave. in the Gaithersburg S.C. shopping center. (more…)
Javier Reyes, 22, of Silver Spring, was found guilty of second-degree felony murder and handgun use in the death of Walter Woods during a drug deal in March 2023 and faces up to 60 years in prison at his February 2025 sentencing. (more…)
The Container Store, a leading retailer of organizing solutions, custom spaces, and in-home services, announced it has filed for voluntary protection under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas on December 22, 2024. The company has two locations in Montgomery County– Gaithersburg and Rockville.
In coordination with Montgomery County and the Washington Metropolitan Area Transit Authority (Metro), the Maryland Department of Transportation (MDOT) and the State Highway Administration (SHA) have agreed to make almost seven miles of bus-only lanes on MD 97 (Georgia Avenue) between Silver Spring and Glenmont permanent.
The Maryland Department of Transportation State Highway Administration (MDOT SHA)is urging motorists to curtail non-essential travel on Tuesday morning due to potential icy conditions until temperatures warm.