Olney Winery, located at 52 Olney Sandy Spring Rd. in Ashton, announced in November that it would be “closed until further notice.” On Friday, an email was sent to customers confirming that Olney Winery would be closing permanently.
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For the first time in 15 years, Metro trains will operate in automatic mode, a move that allows the system to operate as it was originally designed. Automatic Train Operation (ATO) controls the trains’ acceleration, deceleration, and speed while being regulated by safety critical equipment.
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.
A collision blocks the two left lanes of I-270N prior to exit 10 in Gaithersburg on Friday, December 13.
El Sapo Cuban Social Club at 8455 Fenton St. in Silver Spring has announced it will permanently close. The restaurant was opened in 2018 by Chef Raynold Mendizabal, who also owned Urban Butcher, which closed in 2020.
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.
Barbour Sample Sale
Join us for our Georgetown Sample Sale
S. District Judge Richard D. Bennett sentenced Frederick Douglass Moorefield, Jr., age 64, Arnold, Maryland, to 18 months in federal prison, six months of home detention, and a $20,000 fine, […]
PJ’s Coffee of New Orleans will open its second Montgomery County location at the upcoming North Pointe at Flower Hill, a new 16,000 SF retail and restaurant center located at 18251 Flower Hill Way in Gaithersburg. (more…)
Last year, Tyson’s Corner Center (1961 Chain Bridge Rd., Tysons, VA) in nearby Northern Virginia added a “twist” to your shopping experience by allowing customers to sip on their favorite alcoholic beverage while strolling throughout the mall. We stopped by for some holiday shopping and spoke with participating restaurants and customers about how it’s going.
On Thursday, December 12, Montgomery County 6D officers arrested an individual for possession of a controlled substance and a loaded handgun after finding them passed out behind the wheel at Christopher Ave and Montgomery Village Ave. (more…)
The Montgomery County Department of Transportation (MCDOT) will hold a virtual public hearing on Jan. 22 to discuss a petition to abandon a public right of way on Hyannis Drive in Silver Spring, with residents invited to provide comments and testimony. (more…)
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Montgomery County Health is emphasizing the importance of recognizing and addressing postpartum depression and postpartum psychosis, urging new parents and their loved ones to seek help from healthcare providers and utilize resources like the National Maternal Mental Health Hotline and local crisis services.
On Thursday, Governor Wes Moore announced $13.1 million in ENOUGH initiative grants, including awards to Montgomery County organizations CHEER and Identity, Inc., to address child poverty through community-driven strategies in Maryland. (more…)