With Americans donating around $560 billion to charity per year, the personal-finance website WalletHub today released its report on the Most Charitable States. Maryland came in ranked as the #6 most charitable state in the country.
The Washington Post’s Tom Sietsema has been the newspaper’s food critic for nearly 25 years. He recently released his list of “8 Best Indian Restaurants in and Around D.C.” and it included just one Maryland restaurant located right here in Montgomery County.
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.
According @TerpsRecruiting, John Brown, the founder and longtime owner of the popular College Park establishment RJ Bentley’s, has passed away.
Montgomery County Fire and Rescue Services (MCFRS) responded to a two vehicle collision in Gaithersburg on Sunday, November 10. (more…)
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
Signage is up for Isaac’s Poultry Market at its upcoming Burtonsville location. The restaurant will be located in the recently redeveloped Burtonsville Crossing shopping center, along side the upcoming Moby Dick, Eggspectation and the recently announced Haraz Coffee House. (more…)
Falafel Inc is now open at Westfield Montgomery Mall in Bethesda.
The Maryland Department of Transportation will hold a public workshop on Nov. 14 at the Margaret Schweinhaut Senior Center in Silver Spring to discuss planned pedestrian and bicycle safety improvements along University Boulevard as part of the Pedestrian Safety Action Plan.
Per the news release: “The Maryland Department of Transportation State Highway Administration will host a public informational workshop from 5:30–7:30 p.m. on Thursday, Nov. 14, regarding planned pedestrian and bicycle safety improvements along University Boulevard (MD 193) in Silver Spring.
The Montgomery County Council will hold committee meetings on Tuesday, November 12. Full agenda below courtesy Montgomery County: (more…)
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In August we let you know that Fuddruckers will be returning to Chinatown in Washington DC and Silver Spring in Maryland with new locations originally scheduled to open in the fall.
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Alert Montgomery sent out a ‘Severe Traffic Alert’ at 8:28am Sunday morning regarding a traffic incident that closes outer loop I-495 from Georgia Ave to Connecticut
Montgomery County Fire and Rescue Services (MCFRS) responded to a three-car collision on Saturday, April 9, at Goshen Rd and Centerway Rd in Montgomery Village. (more…)