Alert Montgomery has sent a ‘Severe Traffic Alert’ regarding a “traffic incident that closes all northbound lanes of Columbia Pike (US 29) between Lockwood Drive and Northwest Drive in White Oak. Expect significant delays. Seek alternate route.”
Markoff’s, popular for their annual Halloween haunt creation that has entertained visitors for years, has launched Christmas at Calleva (19120 Martinsburg Rd., Dickerson, MD). The Christmas Trail is designed to “enchant visitors of all ages” with interactive scenes inspired by the classic Christmas stories like Rudolph and The Polar Express.
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.
As 2024 winds down, we wanted to share with you some of the most-read articles of 2024. This article was originally published on June 28th, 2024.
After Jordan Weitz got diagnosed with celiac disease at age 18, around the time he was graduating from Wootton High School in Rockville, checking ingredient lists in packaged goods became the norm. “Throughout his career he kept coming back to one question: Why was the process of finding manufacturers so outdated? He sent a cold message to Keychain cofounder and then-CEO of Angie’s List and Keychain was started.” Now, Weitz has made the 2025 Forbes 30 Under 30 List in the ‘Food & Drink’ section.
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!
Quince Orchard High School has defeated Wise to win the 2024 4A Maryland State Football Championship. Scoring plays and end-of-quarter updates can be seen below by Damon Anderson:
Montgomery County Fire and Rescue Services (MCFRS) responded to a vehicle fire on Friday, December 6, in Gaithersburg. (more…)
Live updates from the Maryland 4A State Finals between the Wise Pumas and Quince Orchard Cougars on Friday, December 6, at 7:30pm. (more…)
On Friday, a letter was sent to the Wootton High School community regarding an incident where a racial slur was found written on a student’s desk. The school postponed a scheduled pep rally to inform students and staff about the incident and announced plans for district staff to work with the school to address the situation and promote a more inclusive environment. (more…)
A Maryland court upheld a Final Order against Finish Werks Corp., its owner William Karl “Harris” Woodward, and related companies for over 800 violations of state consumer protection laws, requiring them to pay more than $955,000 in restitution and penalties and cease homebuilding activities unless a $700,000 bond is posted. (more…)
Eater DC has released its list of the “18 Best Steakhouses Around DC” and four Maryland restaurants have made the list– three with locations in Montgomery County.
Antoine Randall, 20, of Boyds, was sentenced to eight years in prison and five years of supervised probation for gross negligent manslaughter and other charges stemming from a 2023 police pursuit in Wheaton that resulted in a fatal crash.