A certified nursing assistant from Silver Spring, MD is $50,000 richer after purchasing a winning Powerball lottery ticket from the 7-Eleven at 900 Merrimac Drive in Takoma Park. Full story below courtesy MD Lottery: (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.
TOUS Les JOURS is now open at 1 Grand Corner Ave in Gaithersburg’s Rio Lakefront. TOUS Les JOURS is located in the space that was previously occupied by Corner Bakery, which closed back in February after nearly 25 years in business. (more…)
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Marion Pearson, 67, of Durham, NC, was sentenced to 40 years in prison, suspending all but 17 years, for second-degree rape and sexual offense charges stemming from attacks in 1981, and will serve two years of supervised probation and register as a lifetime sex offender.
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.
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!
The Maryland Department of Health reported the first three cold-related deaths of the 2024-2025 winter season, urged precautions to prevent cold-related illnesses, and provided resources for warming centers, safe heating practices, and winter weather safety. (more…)
Yelp has released its 2024 list of “Top 100 Chinese Restaurants” across the country and two Maryland restaurants (including one in Montgomery County) have made the list.
The Montgomery County Police Department (MCPD) will conduct a sobriety checkpoint at an undisclosed location on Saturday, December 21, 2024, starting at 10 p.m., focusing on enforcing impaired driving laws. The locations of checkpoints are selected based on statistics based on impaired driving arrests. (more…)
The Montgomery County Government has released a list of schedule and program changes for Christmas Day, Wednesday, Dec. 25, and New Year’s Day, Wednesday, Jan. 1: (more…)
On Thursday, Governor Wes Moore announced $129.5 million in FY 2025 funding to support seven state revitalization programs, enabling 304 projects focused on affordable housing, community spaces, infrastructure improvements, and economic development in Maryland’s disinvested communities.
In October, we reported that the Big Lots at 20926 Frederick Rd in the Milestone Shopping Center, Germantown, would be permanently closing. It now appears that the Montgomery Village Center location, along with the chain’s remaining 900+ stores, will also close.
Sixty Vines, the restaurant known for its revolutionary wine on-tap program and vineyard-inspired cuisine, is making its move into Maryland. It was previously reported that the restaurant signed on in Bethesda and now business filings show Gaithersburg’s Downtown Crown neighborhood as an address for a “Sixty Vines Montgomery County, LLC” taking over 212 Ellington Blvd– the former home of Pour House.