The City of Rockville is offering tips for residents to help prevent theft from vehicle.
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.
Earlier this month, we reported that the Big Lots at 20926 Frederick Rd in the Milestone Shopping Center, Germantown, will be permanently closing. The store recently began its closing sale and is now offering discounts of up to 25% on select items, according to a representative (5%-25% overall, depending on the items). The discounts are expected to increase as the store approaches its anticipated closure, likely right after Christmas. A specific date is not yet available.
The Rockville Town Square Ice Rink (131 Gibbs St) is now open for the 2024-2024 season. (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.
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!
Montgomery County Fire and Rescue Services (MCFRS) responded Wednesday morning to a parking garage at 5454 Wisconsin Ave. in Chevy Chase, where a vehicle fell approximately 40 feet from the […]
Montgomery County Top Ten Rankings: Week 8 (more…)
The Montgomery County Police Department (MCPD) has announced the arrest of a Silver Spring man in connection with two home invasions and assaults on elderly women, and he now faces multiple charges, including attempted rape and theft, after detectives linked him to both incidents with forensic evidence.
With the unemployment rate at 4.1% and labor force participation at one of the highest levels in years, the personal-finance website WalletHub today released its report on the “Best & Worst States for Jobs in 2024”, to help those still seeking jobs find the best locations for their new careers. Maryland came in ranked #10 overall, down from being ranked #6 overall in 2023.
MCPS Field Hockey and Soccer (Boys and Girls) Playoff Scores for Oct 29, 2024:
Taffer’s Tavern has closed its only DC-area location after two years. The restaurant, launched by Bar Rescue’s Jon Taffer, was located at 700 6th St NW, near the Capital One Arena. (more…)
Like many football fans, Dallas Cowboys stars Micah Parsons and Trevon Diggs (a Montgomery Conty native) reacted to the impressive Hail Mary touchdown by the Washington Commanders that clinched their victory over the Chicago Bears on Sunday. The video clip is available below.