On Tuesday, Governor Wes Moore praised Congress for its bipartisan support in rebuilding the Francis Scott Key Bridge, addressing a national crisis with unity, and for its commitment to the Maryland Air National Guard, highlighting the collaboration between state and federal leadership. Full statement can be seen below: (more…)
The Montgomery County Police Department (MCPD) is urging residents to plan ahead and avoid driving under the influence of alcohol or cannabis during the holiday season. To address impaired driving, MCPD has launched a “Holiday Task Force,” running sobriety checkpoints and patrols from November 20 through January 11. (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.
Sheetz has announced it will offer free self-serve coffee at all 750+ locations, including the store at 751 Progress Way in Gaithersburg, from Tuesday, December 24, 2024 through Wednesday, January 1, 2025. (more…)
The Montgomery County Police Department (MCPD) responded to a dog attack on Heather Hill Road in Bethesda on Wednesday, December 18, where two dogs attacked and killed a victim dog, injured two women intervening, and one attacking dog was shot by officers after charging at them.
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!
You’re Invited to the Community Fall Dance! 🍁
Join us for a fun, free evening of music, dancing, and community under the stars!
Located safe and unharmed.
Detectives from the Montgomery County Department of Police – Special Victims Investigations Division are asking for the public’s assistance in locating Sophia Baldwin, a missing 14-year-old.
Poke Bros opened its first Maryland location last November in Gaithersburg’s Kentlands neighborhood at 107 Market St W. After a little more than a year, the restaurant has closed permanently.
Michelle Meyer, the dedicated art teacher who has been at Pine Crest Elementary School in Silver Spring for 26 years, has once again collaborated with the talented team of specialists at the school to create a stunning hallway display that captures the spirit of winter. This year, the focus has been on the South Pole and Antarctica, fostering a festive and inclusive atmosphere for students and staff alike (photos below).
Montgomery County’s Department of Environmental Protection (DEP) released its “2024 Year in Review” video, showcasing progress in renewable energy, waste reduction, and watershed protection as part of the County’s Climate Action Plan. Highlights include launching renewable energy grants, expanding food scraps recycling, planting over 4,000 trees, and engaging thousands of residents through educational events. (more…)
New Balance is set to open a new store on Arlington Rd in Bethesda (Bethesda Row), according to a report by Robert Dyer, which was confirmed by the Federal Realty website. The store will be located on Arlington Rd. next to Uncle Julio’s.
On Tuesday, plainclothes officers in Downtown Silver Spring disrupted an attempted robbery spree, apprehending a suspect with the help K9 units and a drone after three unsuccessful robbery attempts. (more…)
The Montgomery County Department of Transportation (MCDOT) has released the 2024 Accessible Design Guide to improve accessibility in public spaces, incorporating best practices and community feedback to ensure compliance with federal, state, and local regulations. (more…)